Bajaj Finance Underwriter Salaries by 6 Employees (Updated 2025)

1 - 7 years exp.

₹3.3 Lakhs - ₹5 Lakhs

Low Confidence

Salary of majority employees

24% less than the average Underwriter Salary in NBFC Companies for 1 - 7 years of experience

Interested in this particular role? 31 job openings

Salaries in different departments

Finance & Accounting Underwriter Salary 4 - 6 years exp. (3 salaries)	₹4.3 L/yr - ₹5 L/yr
BFSI, Investments & Trading Underwriter Salary 1 year exp. (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.6 L/yr
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Risk Management & Compliance Underwriter Salary 7 years exp. (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.5 L/yr

Last Updated: 8 Mar 2025

Companies similar to Bajaj Finance for Underwriter

Company name	Avg Annual Salary	Open Jobs
Home Credit Finance Underwriter Salary 1 - 6 years exp. (10 salaries)	₹1.1 L/yr - ₹3.4 L/yr 48% less
L&T Finance Underwriter Salary 3 - 10 years exp. (7 salaries)	₹4 L/yr - ₹11.4 L/yr 82% more
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HDB Financial Services Underwriter Salary 0 - 4 years exp. (5 salaries)	₹1.6 L/yr - ₹2.5 L/yr 51% less
SitusAMC Underwriter Salary 3 - 12 years exp. (376 salaries)	₹4.3 L/yr - ₹10.6 L/yr 85% more
VERITY GLOBAL SOLUTIONS Underwriter Salary 1 - 9 years exp. (84 salaries)	₹3.1 L/yr - ₹9.3 L/yr 44% more

Underwriter salary at Bajaj Finance ranges between ₹3.3 Lakhs to ₹5 Lakhs per year for employees with experience between 1 year to 7 years. Salary estimates are based on 6 latest salaries received from various employees of Bajaj Finance.

Experience wise Bajaj Finance Underwriter salaries

Last Updated: 8 Mar 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹3.3 L/yr - ₹3.3 L/yr
2 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr
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3 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.4 L/yr
4 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹4.3 L/yr
5 years (AmbitionBox Estimate)	₹1.7 L/yr - ₹4.4 L/yr
6 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹5 L/yr
7 years (AmbitionBox Estimate)	₹2 L/yr - ₹5 L/yr

View all

Similar Designation salaries in Bajaj Finance

Analyst Salary

(4 salaries)

₹3 L/yr - ₹33 L/yr

Underwriting Manager Salary

(12 salaries)

₹4.2 L/yr - ₹8.1 L/yr

Team Lead Salary

(125 salaries)

₹1.3 L/yr - ₹7 L/yr

Chief Manager Salary

(3 salaries)

₹8.5 L/yr - ₹30 L/yr

Credit Manager Salary

(211 salaries)

₹2.4 L/yr - ₹9 L/yr

Senior Associate Salary

(4 salaries)

₹2 L/yr - ₹2.8 L/yr

Senior Analyst Salary

(AmbitionBox Estimate)

₹15.8 L/yr - ₹20.1 L/yr

Deputy Manager Salary

(295 salaries)

₹3 L/yr - ₹9.76 L/yr

Management Trainee Salary

(13 salaries)

₹3.06 L/yr - ₹10 L/yr

Area Credit Manager Salary

(87 salaries)

₹4.4 L/yr - ₹14 L/yr

Top skills at Bajaj Finance for Underwriter

Credit Appraisal Finance Credit Underwriting Home Loans Credit Analysis Risk Management Medical Underwriting Credit Policy Team Management Disbursement Back Office Operations Customer Service Training Recruitment Performance Appraisal

Salary related reviews for Bajaj Finance

4.2

Rated by 2 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

Team Lead in Viman Nagar, Pune

Other Department

1.0

• posted on 20 Oct 2022

3.0

for Salary and Benefits

Likes

Their competitive pay is the only good thing about working here

Dislikes

NO work life balance. You are expected to be available to work 20 hours a day and all 7 days of the week, no exceptions. HR will tell you that two Saturdays (and all Sundays) of a month are off. But once you join, your boss will call you to work on all Saturdays and some Sundays. If you dont like it, you can quit. If you make a small mistake or can't complete your work in the unreasonable target deadline, you will be shouted at and verbally abused, loudly, in front of multiple colleagues. And, dont even think about asking for vacation days. By policy you get 36 leaves per year. Practically, you may get 2 or 3. Also, no work from home, at all, for anyone, in any circumstances. Need i say more ?

Skill development - Poor

+4 more

Area Credit Manager in Tirunelveli

Finance & Accounting Department

2.0

• posted on 09 Mar 2020

5.0

for Salary and Benefits

Likes

Good salary and incentive structure. Also getting promotion every 18 to 24 months based on performance. No recommendation by superior.

Salary - Excellent

Dislikes

There is 24*7 culture. No holiday even Sunday. There is. No work life balance.

Job security - Bad

+3 more

Collection Officer in Hyderabad / Secunderabad

Full Time

Finance & Accounting Department

2.0

• posted on 15 Jan 2025

3.0

for Salary and Benefits

Likes

Work culture is good, salary on time

Company culture - Excellent

Dislikes

Previously Bajaj Auto finance Ltd was good after merging in to finserv it got hectic, bosses are always after you, no rest on week days after merging new managers are toxic

Skill development - Bad

+3 more

Credit Sales Manager in Bareilly

Full Time

Finance & Accounting Department

1.0

• posted on 05 Jan 2025

3.0

for Salary and Benefits

Likes

The company culture is good and you get to learn something new and new technology

Skill development - Excellent

+1 more

Dislikes

I have no problem working in Bajaj Auto Finance but the only thing that has messed up is the salary structure. My post is that of a credit sales manager but my profile says sales officer And now the profile of the new hiring is Assistant Manager

Job security - Bad

+3 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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Bajaj Finance Underwriter Salary FAQs

What is the salary of Underwriter at Bajaj Finance ?

The average salary of a Underwriter at Bajaj Finance in India typically ranges from ₹3.3 Lakhs to ₹5.0 Lakhs per year, depending on experience (from 1 year to 7 years).

The top 10% of Underwriter at Bajaj Finance earn more than ₹5.0 Lakhs per year, and the top 1% earn over ₹5.0 Lakhs per year. 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 6 Bajaj Finance employees in India.

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

The estimated take-home salary of a Underwriter at Bajaj Finance in India typically ranges from ₹30,051 to ₹31,365 per month. This is based on the average salary range of ₹3.3 Lakhs to ₹5.0 Lakhs per year for employees with experience ranging from 1 year to 7 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 6 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 Underwriter at Bajaj Finance ?

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

- Credit Appraisal
- Finance
- Credit Underwriting
- Home Loans
- 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 Underwriter in India?

SitusAMC	₹4.3 Lakhs to ₹10.6 Lakhs per year
L&T Finance	₹4.0 Lakhs to ₹11.4 Lakhs per year
VERITY GLOBAL SOLUTIONS	₹3.1 Lakhs to ₹9.3 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 Underwriter in companies similar to Bajaj Finance in India?

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

Home Credit Finance	₹1.1 Lakhs to ₹3.4 Lakhs per year
HDB Financial Services	₹1.6 Lakhs to ₹2.5 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 Underwriter at Bajaj Finance in India?

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

Experience	Average Salary Range
1 year	₹3.3 Lakhs to ₹3.3 Lakhs per year
2 years	₹3.2 Lakhs to ₹4.0 Lakhs per year
3 years	₹3.4 Lakhs to ₹4.4 Lakhs per year
4 years	₹1.6 Lakhs to ₹4.3 Lakhs per year

and so on.

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Bajaj Finance Underwriter Salaries

Bajaj Finance Underwriter salary in India ranges between ₹3.3 Lakhs to ₹5 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Bajaj Finance latest salaries received from various employees of Bajaj Finance.