Aavas Financiers Mumbai Credit Officer Salaries by 4 Employees (Updated 2025)

4 - 5 years exp.

₹3 Lakhs - ₹3.8 Lakhs

Salary of majority employees

20% less than the average Credit Officer Salary in NBFC Companies for 4 - 5 years of experience

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Salaries in different departments

Finance & Accounting Credit Officer Salary 4 - 5 years exp. (AmbitionBox Estimate)	₹3 L/yr - ₹3.5 L/yr
Customer Success, Service & Operations Credit Officer Salary 5 years exp. (AmbitionBox Estimate)	₹3.5 L/yr - ₹3.9 L/yr
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Risk Management & Compliance Credit Officer Salary 5 years exp. (AmbitionBox Estimate)	₹3.2 L/yr - ₹3.8 L/yr

Last Updated: 8 Mar 2025

Companies similar to Aavas Financiers for Credit Officer in Mumbai

Aavas Financiers Credit Officer Salary

4 - 5 years exp. (4 salaries)

₹3 L/yr - ₹3.8 L/yr

Company name	Avg Annual Salary	Open Jobs
Sammaan Capital Limited Credit Officer Salary 1 - 7 years exp. (28 salaries)	₹2 L/yr - ₹3.5 L/yr 17% less
L&T Finance Credit Officer Salary 0 - 5 years exp. (13 salaries)	₹2.2 L/yr - ₹3.8 L/yr 8% less
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Shriram Finance Credit Officer Salary 2 - 7 years exp. (7 salaries)	₹2 L/yr - ₹3.6 L/yr 21% less
Muthoot Fincorp Credit Officer Salary 0 - 5 years exp. (6 salaries)	₹1.9 L/yr - ₹4 L/yr 16% less
IIFL Finance Credit Officer Salary 2 - 6 years exp. (3 salaries)	₹2.2 L/yr - ₹3.5 L/yr 18% less
Ugro Capital Credit Officer Salary 0 - 5 years exp. (3 salaries)	₹3.8 L/yr - ₹4.6 L/yr 10% more

Credit Officer salary at Aavas Financiers ranges between ₹3 Lakhs to ₹3.8 Lakhs per year for employees with experience between 4 years to 5 years. Salary estimates are based on 4 latest salaries received from various employees of Aavas Financiers .

Experience wise Aavas Financiers Credit Officer salaries in Mumbai

Last Updated: 8 Mar 2025

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.2 L/yr
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5 years (3 salaries)	₹3.5 L/yr - ₹6.8 L/yr

Similar Designation salaries in Aavas Financiers

Credit Manager Salary

(11 salaries)

₹3.8 L/yr - ₹7.6 L/yr

Area Credit Manager Salary

(5 salaries)

₹6.7 L/yr - ₹14 L/yr

Top skills at Aavas Financiers for Credit Officer

Credit Underwriting Home Loans Laptop Credit Underwriting Housing Finance Credit Management Credit Processing Loan against Property Phlebotomy Credit Appraisal Credit Management Housing Loan Credit Sanction Mortgage Loans

Salary related reviews for Aavas Financiers

1.0

Rated by 1 employees for salary & benefits

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

Relationship Manager in New Delhi

Full Time

Sales & Business Development Department

3.0

• posted on 13 Aug 2024

3.0

for Salary and Benefits

Likes

Location near to my home - good understanding with credit team . No salary deduction at time of covid n even get good incentive for sales of hl and lap

Dislikes

Not work Life balanced , even we have to work at every Sunday .

Work-life balance - Bad

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

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Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Aavas Financiers Credit Officer Salary FAQs

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

The average salary of a Credit Officer at Aavas Financiers in Mumbai typically ranges from ₹3.0 Lakhs to ₹3.8 Lakhs per year, depending on experience (from 4 years to 5 years).

The top 10% of Credit Officer in Mumbai at Aavas Financiers earn more than ₹3.8 Lakhs per year, and the top 1% earn over ₹3.8 Lakhs per year. Credit Officer 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 4 Aavas Financiers employees in India.

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

The estimated take-home salary of a Credit Officer at Aavas Financiers in Mumbai typically ranges from ₹25,508 to ₹26,939 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹3.8 Lakhs per year for employees with experience ranging from 4 years to 5 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 4 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 Officer at Aavas Financiers in Mumbai?

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

- Credit Underwriting
- Home Loans
- Laptop
- Credit Underwriting
- Housing Finance

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 Officer in India?

Ugro Capital

₹3.8 Lakhs to ₹4.6 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 Officer in companies similar to Aavas Financiers in Mumbai?

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

L&T Finance	₹2.2 Lakhs to ₹3.8 Lakhs per year
Muthoot Fincorp	₹1.9 Lakhs to ₹4.0 Lakhs per year
Sammaan Capital Limited	₹2.0 Lakhs to ₹3.5 Lakhs per year
IIFL Finance	₹2.2 Lakhs to ₹3.5 Lakhs per year
Shriram Finance	₹2.0 Lakhs to ₹3.6 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 Officer at Aavas Financiers in Mumbai?

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

Experience	Average Salary Range
4 years	₹3.3 Lakhs to ₹4.2 Lakhs per year
5 years	₹3.5 Lakhs to ₹6.8 Lakhs per year

and so on.

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Aavas Financiers Credit Officer Salaries in Mumbai

Aavas Financiers Credit Officer salary in Mumbai ranges between ₹3 Lakhs to ₹3.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Aavas Financiers latest salaries received from various employees of Aavas Financiers .