Aavas Financiers Mumbai Credit Manager Salaries by 10+ Employees (Updated 2025)

4 - 10 years exp.

₹3.8 Lakhs - ₹7.6 Lakhs

Salary of majority employees

Fixed (100%)

₹6.1 Lakhs

Variable (0%)

₹0.0

25% less than the average Credit Manager Salary in NBFC Companies for 4 - 10 years of experience

Interested in this particular role? 5 job openings

Salaries in different departments

Finance & Accounting Credit Manager Salary 4 - 10 years exp. (5 salaries)	₹4.6 L/yr - ₹7.6 L/yr
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BFSI, Investments & Trading Credit Manager Salary 6 - 9 years exp. (3 salaries)	₹4.1 L/yr - ₹6.7 L/yr

Last Updated: 15 Mar 2025

Companies similar to Aavas Financiers for Credit Manager in Mumbai

Aavas Financiers Credit Manager Salary

4 - 10 years exp. (11 salaries)

₹3.8 L/yr - ₹7.6 L/yr

Company name	Avg Annual Salary	Open Jobs
IIFL Finance Credit Manager Salary 0 - 10 years exp. (49 salaries)	₹2.8 L/yr - ₹10.2 L/yr 16% more
L&T Finance Credit Manager Salary 2 - 9 years exp. (20 salaries)	₹6 L/yr - ₹14 L/yr 60% more
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PNB Housing Finance Credit Manager Salary 0 - 10 years exp. (19 salaries)	₹5 L/yr - ₹11.4 L/yr 38% more
Kotak Mahindra Prime Credit Manager Salary 1 - 8 years exp. (17 salaries)	₹4.5 L/yr - ₹11 L/yr 36% more
Muthoot Finance Credit Manager Salary 0 - 12 years exp. (12 salaries)	₹3.5 L/yr - ₹6 L/yr 17% less
Tata Capital Housing Finance Credit Manager Salary 4 - 14 years exp. (11 salaries)	₹5 L/yr - ₹13.3 L/yr 47% more
Mahindra Finance Credit Manager Salary 5 - 13 years exp. (9 salaries)	₹4.7 L/yr - ₹12.7 L/yr 47% more
Sammaan Capital Limited Credit Manager Salary 2 - 8 years exp. (9 salaries)	₹3.5 L/yr - ₹8 L/yr 15% less
Ugro Capital Credit Manager Salary 6 - 9 years exp. (6 salaries)	₹5.2 L/yr - ₹7.6 L/yr 4% more
Poonawalla Fincorp Credit Manager Salary 0 - 6 years exp. (6 salaries)	₹4.8 L/yr - ₹7.5 L/yr 18% more
LIC Housing Finance Credit Manager Salary 3 - 11 years exp. (4 salaries)	₹12.2 L/yr - ₹18 L/yr 161% more
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Shriram Finance Credit Manager Salary 5 - 8 years exp. (3 salaries)	₹5.8 L/yr - ₹8.7 L/yr 16% more	2 job openings

Credit Manager salary at Aavas Financiers ranges between ₹3.8 Lakhs to ₹7.6 Lakhs per year for employees with experience between 4 years to 10 years. Salary estimates are based on 11 latest salaries received from various employees of Aavas Financiers .

Experience wise Aavas Financiers Credit Manager salaries in Mumbai

Last Updated: 15 Mar 2025

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹6.7 L/yr
5 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.9 L/yr
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6 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹7.1 L/yr
7 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹7.2 L/yr
8 years (3 salaries)	₹5 L/yr - ₹7.6 L/yr
9 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.6 L/yr
10 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹7.7 L/yr

View all

Similar Designation salaries in Aavas Financiers

Area Credit Manager Salary

(5 salaries)

₹6.7 L/yr - ₹14 L/yr

Sales Manager Salary

(4 salaries)

₹3.2 L/yr - ₹4.3 L/yr

Branch Credit Manager Salary

(4 salaries)

₹5.45 L/yr - ₹6.55 L/yr

Credit Officer Salary

(4 salaries)

₹3 L/yr - ₹3.76 L/yr

Top skills at Aavas Financiers for Credit Manager

Credit Underwriting Lap Home Loans Credit Management Credit Policy Disbursement Underwriting hl Credit Appraisal Credit Finance Credit Analysis Credit Risk Management Mortgage Loans mortgage

Salary related reviews for Aavas Financiers

5.0

Rated by 2 employees for salary & benefits

Credit Manager in Jaipur

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 08 May 2023

2.0

for Salary and Benefits

Likes

Experience that i have learned here. There is lot learn for a fresher.

Skill development - Good

Dislikes

work culture HR policy for employees welfare and retention Lack of Holidays Low salary Discrimination between professionals wiz CA and CMA. Lot more closings. it should be 1 closing. working on holidays.

Salary - Poor

+3 more

Credit Manager in Jaipur

Full Time

Risk Management & Compliance Department

3.0

• posted on 07 May 2023

3.0

for Salary and Benefits

Likes

Good company Good salary package

Dislikes

Average working culture and most of the work given to credit Manager instead of sales team. Every day month end at there and personal life can't be enjoying and also unable to spend time with family. To be resources/Hire educated person

Credit Manager in Jaipur

Production, Manufacturing & Engineering Department

1.0

• posted on 01 Jun 2022

1.0

for Salary and Benefits

Likes

There is good amount of liberty and pretty good scope for learning.

Dislikes

...yees. only 3 sundays are available for holiday in a month. this must be changed. salary is very low and increment also at very low level. there must be fixed and strict policy regarding initial package of salary.

Salary - Bad

+4 more

Credit Manager in Rohtak

Finance & Accounting Department

1.0

• posted on 03 Sep 2021

1.0

for Salary and Benefits

Likes

Wrorst company ever. Neither increments are done on time. Only grade is changes but compensation remains same. Most of days working hour are beyond 6:30 upto 11pm. DuringJFM everyday is closing day. Even Sunday are also working. Promotion only for who do buttering.Even after resignation releaving letter & FF done even after 60 days.

Dislikes

Lots of poltics. Supervisor not take care juniors.

Salary - Bad

+5 more

Credit Officer in Bangalore / Bengaluru

Full Time

Finance & Accounting Department

1.0

• posted on 24 Jul 2024

3.0

for Salary and Benefits

Likes

Salary and incentive are too good

Job security - Excellent

Dislikes

Company is only worst, they don’t have any time management once you join the company you will be treated has worst , Before Joining the company they tell that we are time management and good working culture but it’s not they will keep on extend the system till 10 or 12 midnight who will work for so long day this will keep on running for two to three week same timing, once u enter into this hell you will feel depressed. Main thing is they are following this employment Contract Bond for one year and 2 years due this bond many employees are staying quite or else all employees will be walk out……. So over all the timing and bond system it’s are two things are impacting the employees part from this the company has good shares and good book size in the market the technology are updating they are making the loan availability smoothly.

Skill development - Bad

+4 more

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Aavas Financiers Credit Manager Salary FAQs

What is the salary of Credit Manager at Aavas Financiers in Mumbai?

The average salary of a Credit Manager at Aavas Financiers in Mumbai typically ranges from ₹3.8 Lakhs to ₹7.6 Lakhs per year, depending on experience (from 4 years to 10 years).

The top 10% of Credit Manager in Mumbai at Aavas Financiers earn more than ₹7.5 Lakhs per year, and the top 1% earn over ₹7.6 Lakhs per year. Credit Manager Salaries at Aavas Financiers can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 10+ Aavas Financiers employees in India.

What is the estimated take home salary of a Credit Manager at Aavas Financiers in Mumbai?

The estimated take-home salary of a Credit Manager at Aavas Financiers in Mumbai typically ranges from ₹46,065 to ₹47,157 per month. This is based on the average salary range of ₹3.8 Lakhs to ₹7.6 Lakhs per year for employees with experience ranging from 4 years to 10 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 10+ salaries received from various employees of Aavas Financiers . Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Credit Manager at Aavas Financiers in Mumbai?

To be a Credit Manager at Aavas Financiers in Mumbai, the key skills required include:

- Credit Underwriting
- Lap
- Home Loans
- Credit Management
- Credit Policy

These skills are highly valued at Aavas Financiers and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Aavas Financiers for Credit Manager in India?

LIC Housing Finance	₹12.2 Lakhs to ₹18.0 Lakhs per year
L&T Finance	₹6.0 Lakhs to ₹14.0 Lakhs per year
Tata Capital Housing Finance	₹5.0 Lakhs to ₹13.3 Lakhs per year
Mahindra Finance	₹4.7 Lakhs to ₹12.7 Lakhs per year
PNB Housing Finance	₹5.0 Lakhs to ₹11.4 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Aavas Financiers , depending on the role and experience level.

What is the salary of a Credit Manager in companies similar to Aavas Financiers in Mumbai?

The salary of a Credit Manager at companies similar to Aavas Financiers in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Kotak Mahindra Prime	₹4.5 Lakhs to ₹11.0 Lakhs per year
Poonawalla Fincorp	₹4.8 Lakhs to ₹7.5 Lakhs per year
IIFL Finance	₹2.8 Lakhs to ₹10.2 Lakhs per year
Shriram Finance	₹5.8 Lakhs to ₹8.7 Lakhs per year
Ugro Capital	₹5.2 Lakhs to ₹7.6 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Credit Manager at Aavas Financiers in Mumbai?

The salary growth for a Credit Manager at Aavas Financiers in Mumbai depends on factors such as experience, performance, and promotions. On average, a Credit Manager in Mumbai can expect the following growth trajectory at Aavas Financiers :

Experience	Average Salary Range
4 years	₹5.3 Lakhs to ₹6.7 Lakhs per year
5 years	₹5.4 Lakhs to ₹6.9 Lakhs per year
6 years	₹5.5 Lakhs to ₹7.1 Lakhs per year
7 years	₹5.7 Lakhs to ₹7.2 Lakhs per year

and so on.

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Aavas Financiers Credit Manager Salaries in Mumbai

Aavas Financiers Credit Manager salary in Mumbai ranges between ₹3.8 Lakhs to ₹7.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 11 Aavas Financiers latest salaries received from various employees of Aavas Financiers .