Bajaj Finance Credit Underwriter Salaries by 10+ Employees (Updated 2025)

2 - 9 years exp.

₹3 Lakhs - ₹6.8 Lakhs

Salary of majority employees

Fixed (77%)

₹3.7 Lakhs

Variable (23%)

₹1.1 Lakh

At par with the average Credit Underwriter Salary in NBFC Companies for 2 - 9 years of experience

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Salaries in different departments

BFSI, Investments & Trading Credit Underwriter Salary 2 - 5 years exp. (5 salaries)	₹3.2 L/yr - ₹6.7 L/yr
Finance & Accounting Credit Underwriter Salary 3 - 9 years exp. (5 salaries)	₹3.5 L/yr - ₹6.5 L/yr
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Customer Success, Service & Operations Credit Underwriter Salary 2 - 3 years exp. (AmbitionBox Estimate)	₹3 L/yr - ₹4.2 L/yr
Risk Management & Compliance Credit Underwriter Salary 6 years exp. (AmbitionBox Estimate)	₹5.6 L/yr - ₹6.8 L/yr

Last Updated: 8 Mar 2025

Companies similar to Bajaj Finance for Credit Underwriter

Company name	Avg Annual Salary	Open Jobs
HDB Financial Services Credit Underwriter Salary 2 - 8 years exp. (22 salaries)	₹2.1 L/yr - ₹4.6 L/yr 29% less
IIFL Finance Credit Underwriter Salary 0 - 8 years exp. (11 salaries)	₹2.8 L/yr - ₹4.6 L/yr 25% less
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CreditAccess Grameen Credit Underwriter Salary 4 - 8 years exp. (8 salaries)	₹3 L/yr - ₹5.4 L/yr 21% less
Home Credit Finance Credit Underwriter Salary 1 - 6 years exp. (7 salaries)	₹3 L/yr - ₹4 L/yr 32% less
Shriram Finance Credit Underwriter Salary 0 - 9 years exp. (7 salaries)	₹3 L/yr - ₹3.3 L/yr 35% less
Mahindra Finance Credit Underwriter Salary 3 - 7 years exp. (5 salaries)	₹8 L/yr - ₹10 L/yr 89% more
L&T Finance Credit Underwriter Salary 4 - 9 years exp. (5 salaries)	₹3.4 L/yr - ₹8 L/yr 4% less
TVS Credit Credit Underwriter Salary 0 - 9 years exp. (3 salaries)	₹1.2 L/yr - ₹4.8 L/yr 27% less
Muthoot Finance Credit Underwriter Salary 0 - 4 years exp. (3 salaries)	₹2.8 L/yr - ₹5.5 L/yr 14% less

Credit Underwriter salary at Bajaj Finance ranges between ₹3 Lakhs to ₹6.8 Lakhs per year for employees with experience between 2 years to 9 years. Salary estimates are based on 16 latest salaries received from various employees of Bajaj Finance.

Experience wise Bajaj Finance Credit Underwriter salaries

Last Updated: 8 Mar 2025

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹3 L/yr - ₹8 L/yr
3 years (AmbitionBox Estimate)	₹3 L/yr - ₹4.8 L/yr
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4 years (3 salaries)	₹3.2 L/yr - ₹5 L/yr
5 years (3 salaries)	₹1.9 L/yr - ₹6.7 L/yr
6 years (3 salaries)	₹1.9 L/yr - ₹6.8 L/yr
7 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹8.9 L/yr
8 years (AmbitionBox Estimate)	₹2 L/yr - ₹6.3 L/yr
9 years (AmbitionBox Estimate)	₹2.1 L/yr - ₹6.5 L/yr

View all

Similar Designation salaries in Bajaj Finance

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(38 salaries)

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Area Credit Manager Salary

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Branch Manager Salary

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₹2 L/yr - ₹2.8 L/yr

Sales Officer Salary

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₹1 L/yr - ₹4.8 L/yr

Deputy Manager Salary

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₹3 L/yr - ₹9.78 L/yr

Chief Manager Salary

(3 salaries)

₹8.5 L/yr - ₹30 L/yr

Top skills at Bajaj Finance for Credit Underwriter

Credit Underwriting Risk Analysis Commercial Vehicle Credit Analysis

Salary related reviews for Bajaj Finance

5.0

Rated by 1 employees for salary & benefits

Credit Manager in Patiala

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 25 Jul 2023

5.0

for Salary and Benefits

Likes

Salary growth and career growth is a positive thing in a Bajaj finance Ltd . Also company is supportive and helpful. If you have any problem self or family then company stands with you . If you give time in this organisation then you will feel satisfied

Salary - Excellent

+4 more

Dislikes

Working life balance not well but if you are a alike army men then you have a good platform to groom your career

Sales Officer in Madurai

Full Time

Other Department

1.0

• posted on 19 May 2022

3.0

for Salary and Benefits

Likes

Good salary hikes and IJP opportunities

Dislikes

Every single department is operating on politics. No respect for real talent. Abusive Senior management team. Worst working culture. No holidays to employees. Pathetic HR team who don't do any work or support at all.

Skill development - Bad

+4 more

Sales Officer in Durgapur

Full Time

Sales & Business Development Department

4.0

• posted on 11 Apr 2022

2.0

for Salary and Benefits

Likes

ITS NICE TO WORK HERE , DAILY MEETING WITH PEOPLES AND HAVING CONVERSATION WITH THEM. YOU CAN GROW UP YOUR MARKETING SKILLS HERE . AND DAILY INTERACTIONS WITH PEOPLE MAKE YOUR SPEAKING POWER GROW.

Skill development - Excellent

+3 more

Dislikes

JUST ONE DISPUIT IS THAT AS PER WORKING HOUR AND AS PER WORKING PREASURE SALARY AMOUNT IS NOT SATISFIED

Salary - Poor

Sales Manager in Amritsar

Full Time

Sales & Business Development Department

3.0

• posted on 10 Oct 2021

5.0

for Salary and Benefits

Likes

Salary on time. Salary and incentives are very good. Company gives incentives open heartedly to get work done.

Salary - Excellent

+1 more

Dislikes

Work culture is zero. They treat you like a machine. Intense work pressure. Received call even at 11 p.m for numbers. Once i had to work with 102 fever . Very abusive. Every one from top to low level use abusive level in offical meetings and conf. Calls. Zero personal life. Has to work on sundays most of the times. No leaves

Work satisfaction - Bad

+2 more

Sales Manager in Pune

Full Time

Sales & Business Development Department

3.0

• posted on 05 Aug 2021

5.0

for Salary and Benefits

Likes

One joins bajaj for good pay and incentives ofcourse.....If you want to earn money you join Bajaj finance limited..... that's it ......

Salary - Excellent

Dislikes

Policies and rules are different.....People are treated as per their Band not as per policy......One with the power or sitting at higher level can do anything they like or can manipulates policies......They don't treat you equally like I mentioned People are treated as per their Band not as per policy

Skill development - Poor

+2 more

see more salary related reviews

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Salary Discussions, Hike & Promotions

a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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Bajaj Finance Credit Underwriter Salary FAQs

What is the salary of Credit Underwriter at Bajaj Finance ?

The average salary of a Credit Underwriter at Bajaj Finance in India typically ranges from ₹3.0 Lakhs to ₹6.8 Lakhs per year, depending on experience (from 2 years to 9 years).

The top 10% of Credit Underwriter at Bajaj Finance earn more than ₹6.7 Lakhs per year, and the top 1% earn over ₹6.8 Lakhs per year. Credit Underwriter Salaries at Bajaj Finance 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+ Bajaj Finance employees in India.

What is the estimated take home salary of a Credit Underwriter at Bajaj Finance in India?

The estimated take-home salary of a Credit Underwriter at Bajaj Finance in India typically ranges from ₹35,919 to ₹37,145 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹6.8 Lakhs per year for employees with experience ranging from 2 years to 9 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 Bajaj Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Credit Underwriter at Bajaj Finance ?

To be a Credit Underwriter at Bajaj Finance in india, the key skills required include:

- Credit Underwriting
- Risk Analysis
- Commercial Vehicle
- Credit Analysis

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

Which companies offer higher salaries than Bajaj Finance for Credit Underwriter in India?

Mahindra Finance

₹8.0 Lakhs to ₹10.0 Lakhs per year

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

What is the salary of a Credit Underwriter in companies similar to Bajaj Finance in India?

The salary of a Credit Underwriter at companies similar to Bajaj Finance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

L&T Finance	₹3.4 Lakhs to ₹8.0 Lakhs per year
Muthoot Finance	₹2.8 Lakhs to ₹5.5 Lakhs per year
CreditAccess Grameen	₹3.0 Lakhs to ₹5.4 Lakhs per year
IIFL Finance	₹2.8 Lakhs to ₹4.6 Lakhs per year
TVS Credit	₹1.2 Lakhs to ₹4.8 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 Underwriter at Bajaj Finance in India?

The salary growth for a Credit Underwriter at Bajaj Finance depends on factors such as experience, performance, and promotions. On average, a Credit Underwriter can expect the following growth trajectory at Bajaj Finance:

Experience	Average Salary Range
2 years	₹3.0 Lakhs to ₹8.0 Lakhs per year
3 years	₹3.0 Lakhs to ₹4.8 Lakhs per year
4 years	₹3.2 Lakhs to ₹5.0 Lakhs per year
5 years	₹1.9 Lakhs to ₹6.7 Lakhs per year

and so on.

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Bajaj Finance Credit Underwriter Salaries

Bajaj Finance Credit Underwriter salary in India ranges between ₹3 Lakhs to ₹6.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 16 Bajaj Finance latest salaries received from various employees of Bajaj Finance.