Aavas Financiers New Delhi Credit Manager Salaries by 6 Employees (Updated 2024)

2 - 8 years exp.

₹4 Lakhs - ₹7.1 Lakhs

Salary of majority employees

29% less than the average Credit Manager Salary in NBFC Companies for 2 - 8 years of experience

Interested in this particular role? 3 job openings

Salaries in different departments

BFSI, Investments & Trading Credit Manager Salary 6 - 8 years exp. (3 salaries)	₹4.9 L/yr - ₹7.1 L/yr
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Finance & Accounting Credit Manager Salary 3 - 5 years exp. (AmbitionBox Estimate)	₹5 L/yr - ₹6.2 L/yr

Last Updated: 16 Mar 2023

Companies similar to Aavas Financiers for Credit Manager in New Delhi

Aavas Financiers Credit Manager Salary

2 - 8 years exp. (6 salaries)

₹4 L/yr - ₹7.1 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Credit Manager Salary 0 - 12 years exp. (460 salaries)	₹3.6 L/yr - ₹15 L/yr 58% more	4 job openings
ICICI Bank Credit Manager Salary 0 - 10 years exp. (535 salaries)	₹4.7 L/yr - ₹14.4 L/yr 82% more
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Axis Bank Credit Manager Salary 0 - 10 years exp. (169 salaries)	₹4 L/yr - ₹15 L/yr 55% more
Kotak Mahindra Bank Credit Manager Salary 0 - 11 years exp. (158 salaries)	₹3.9 L/yr - ₹15.2 L/yr 59% more
Bajaj Finance Credit Manager Salary 2 - 8 years exp. (24 salaries)	₹3.5 L/yr - ₹8.3 L/yr 4% more
Piramal Capital Housing Finance Credit Manager Salary 1 - 13 years exp. (27 salaries)	₹5 L/yr - ₹8.7 L/yr 20% more
Kotak Mahindra Prime Credit Manager Salary 0 - 7 years exp. (20 salaries)	₹5 L/yr - ₹12 L/yr 48% more
IIFL Finance Credit Manager Salary 1 - 7 years exp. (18 salaries)	₹3.3 L/yr - ₹8.5 L/yr 13% less
Tata Capital Housing Finance Credit Manager Salary 3 - 14 years exp. (16 salaries)	₹4.2 L/yr - ₹12.5 L/yr 45% more
Mahindra Finance Credit Manager Salary 5 - 14 years exp. (13 salaries)	₹3.8 L/yr - ₹12.1 L/yr 61% more
L&T Finance Credit Manager Salary 3 - 9 years exp. (12 salaries)	₹5.5 L/yr - ₹13.1 L/yr 47% more
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Sammaan Capital Limited Credit Manager Salary 1 - 8 years exp. (11 salaries)	₹3.5 L/yr - ₹8 L/yr 11% less
Poonawalla Fincorp Credit Manager Salary 1 - 10 years exp. (11 salaries)	₹6 L/yr - ₹7.8 L/yr 15% more	2 job openings
PNB Housing Finance Credit Manager Salary 0 - 8 years exp. (10 salaries)	₹6 L/yr - ₹11.5 L/yr 46% more
Muthoot Finance Credit Manager Salary 2 - 9 years exp. (9 salaries)	₹4.2 L/yr - ₹6 L/yr 6% less	2 job openings
Shriram Finance Credit Manager Salary 2 - 12 years exp. (8 salaries)	₹2.9 L/yr - ₹8 L/yr 12% more	3 job openings
Muthoot Fincorp Credit Manager Salary 1 - 11 years exp. (7 salaries)	₹4 L/yr - ₹7.5 L/yr 4% less
Electronica Finance Credit Manager Salary 3 - 8 years exp. (6 salaries)	₹2.5 L/yr - ₹8.7 L/yr 10% more	1 job opening
Capri Global Capital Credit Manager Salary 2 - 8 years exp. (5 salaries)	₹3.8 L/yr - ₹5.5 L/yr 18% less
Manappuram Finance Credit Manager Salary 2 - 9 years exp. (4 salaries)	₹3.5 L/yr - ₹5 L/yr 27% less

View all

Credit Manager salary at Aavas Financiers ranges between ₹4 Lakhs to ₹7.1 Lakhs per year for employees with experience between 2 years to 8 years. Salary estimates are based on 6 latest salaries received from various employees of Aavas Financiers .

Experience wise Aavas Financiers Credit Manager salaries in New Delhi

Last Updated: 16 Mar 2023

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹4 L/yr - ₹9.5 L/yr
3 years (AmbitionBox Estimate)	₹5 L/yr - ₹9.7 L/yr
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4 years (AmbitionBox Estimate)	₹5 L/yr - ₹6.4 L/yr
5 years (AmbitionBox Estimate)	₹5 L/yr - ₹10.3 L/yr
6 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹10.5 L/yr
7 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹7.1 L/yr
8 years (AmbitionBox Estimate)	₹5 L/yr - ₹11 L/yr

View all

Similar Designation salaries in Aavas Financiers

Branch Credit Manager Salary

(4 salaries)

₹4.8 L/yr - ₹6.27 L/yr

Credit Officer Salary

(4 salaries)

₹2.8 L/yr - ₹3.24 L/yr

Sales Manager Salary

(3 salaries)

₹3.7 L/yr - ₹5.4 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 Credit Analysis Finance Credit Risk Management Mortgage Loans mortgage

Salary related reviews for Aavas Financiers

2.8

Rated by 3 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.

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.

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.

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.

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

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.

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Aavas Financiers Credit Manager Salary FAQs

What is the salary of Credit Manager at Aavas Financiers New Delhi?

Credit Manager salary at Aavas Financiers in New Delhi ranges between ₹4.0 Lakhs to ₹7.1 Lakhs for experience between 2 years to 8 years. According to our estimates it is 29% less than the average Credit Manager Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Aavas Financiers New Delhi.

How does the salary of a Credit Manager at Aavas Financiers New Delhi compare with the average salary range for this job?

The average salary of a Credit Manager at Aavas Financiers is 29% less than the average salary of a Credit Manager in New Delhi. To know exact salary insights, login to view.

What are the top skills required to work as a Credit Manager at Aavas Financiers ?

Credit Underwriting, Lap, Home Loans, Credit Management and Credit Policy are some of the popular skills required to work as a Credit Manager at Aavas Financiers New Delhi.

Which similar companies are paying more than Aavas Financiers to a Credit Manager in New Delhi?

ICICI Bank Credit Manager Salary - ₹4.7 Lakhs to ₹14.4 Lakhs per year
Mahindra Finance Credit Manager Salary - ₹3.8 Lakhs to ₹12.1 Lakhs per year
Kotak Mahindra Bank Credit Manager Salary - ₹3.9 Lakhs to ₹15.2 Lakhs per year
HDFC Bank Credit Manager Salary - ₹3.6 Lakhs to ₹15.0 Lakhs per year
Axis Bank Credit Manager Salary - ₹4.0 Lakhs to ₹15.0 Lakhs per year

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

Sundaram Finance Credit Manager Salary - ₹8.0 Lakhs to ₹15.0 Lakhs per year
Kotak Mahindra Prime Credit Manager Salary - ₹5.0 Lakhs to ₹12.0 Lakhs per year
L&T Finance Credit Manager Salary - ₹5.5 Lakhs to ₹13.1 Lakhs per year
PNB Housing Finance Credit Manager Salary - ₹6.0 Lakhs to ₹11.5 Lakhs per year
Tata Capital Housing Finance Credit Manager Salary - ₹4.2 Lakhs to ₹12.5 Lakhs per year

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

The estimated take-home salary of a Credit Manager at Aavas Financiers ranges between ₹43,153 per month to ₹44,271 per month in New Delhi. The take-home salary calculation is based on the average Aavas Financiers Credit Manager salary in India which ranges between ₹4.0 Lakhs to ₹7.1 Lakhs per year for employees with experience between 2 years to 8 years. Check how did we calculate take home salary?

What is the notice period for Credit Manager at Aavas Financiers in New Delhi?

According to AmbitionBox, 50% of the Aavas Financiers Credit Managers in New Delhi reported a notice period of 1 Month, 50% reported a notice period of 3 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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Aavas Financiers Credit Manager Salaries in New Delhi

Aavas Financiers Credit Manager salary in New Delhi ranges between ₹4 Lakhs to ₹7.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Aavas Financiers latest salaries received from various employees of Aavas Financiers .