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Bajaj Finance

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Bajaj Finance Underwriter salaries in India (Updated 2025)

Annual salary range
1 - 7 years exp.
₹3.3 Lakhs - ₹5 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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25% 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)
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₹4.3 L/yr - ₹5 L/yr

BFSI, Investments & Trading
Underwriter Salary
1 year exp. (AmbitionBox Estimate)
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₹2.9 L/yr - ₹3.6 L/yr

Risk Management & Compliance
Underwriter Salary
7 years exp. (AmbitionBox Estimate)
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₹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
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HDFC Bank Underwriter Salary

1 - 8 years exp. (25 salaries)

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₹1.3 L/yr - ₹7.6 L/yr

arrow icon 8% less
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ICICI Bank Underwriter Salary

1 - 4 years exp. (4 salaries)

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₹2.3 L/yr - ₹9.6 L/yr

arrow icon 26% more
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Axis Bank Underwriter Salary

0 - 4 years exp. (6 salaries)

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₹3.8 L/yr - ₹10 L/yr

arrow icon 74% more
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Kotak Mahindra Bank Underwriter Salary

1 - 5 years exp. (4 salaries)

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₹2 L/yr - ₹4.7 L/yr

arrow icon 15% less
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L&T Finance Underwriter Salary

3 - 10 years exp. (7 salaries)

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₹4 L/yr - ₹11.4 L/yr

arrow icon 82% more
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Home Credit Finance Underwriter Salary

1 - 5 years exp. (10 salaries)

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₹1.1 L/yr - ₹3.4 L/yr

arrow icon 48% less
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HDB Financial Services Underwriter Salary

0 - 3 years exp. (5 salaries)

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₹1.6 L/yr - ₹2.5 L/yr

arrow icon 51% less
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.

Latest annual salaries shared by Bajaj Finance Underwriter

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7 years exp.
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6 years exp.
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1 year exp.
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4 years exp.

Experience wise Bajaj Finance Underwriter salaries

Last Updated: 8 Mar 2025

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹3.3 L/yr - ₹3.3 L/yr
2 years (AmbitionBox Estimate)

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₹3.2 L/yr - ₹4 L/yr
3 years (AmbitionBox Estimate)

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₹3.4 L/yr - ₹4.4 L/yr
4 years (AmbitionBox Estimate)

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₹1.6 L/yr - ₹4.3 L/yr
5 years (AmbitionBox Estimate)

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₹1.7 L/yr - ₹4.4 L/yr
View all

Similar Designation salaries in Bajaj Finance

Analyst Salary
(4 salaries)
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₹3 L/yr - ₹33 L/yr
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₹3.7 L/yr - ₹8.1 L/yr
Team Lead Salary
(132 salaries)
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₹1 L/yr - ₹7 L/yr
Chief Manager Salary
(3 salaries)
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₹8.5 L/yr - ₹30 L/yr
Credit Manager Salary
(395 salaries)
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₹2 L/yr - ₹8.8 L/yr
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₹2 L/yr - ₹2.8 L/yr
Senior Analyst Salary
(AmbitionBox Estimate)
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₹15.8 L/yr - ₹20.1 L/yr
Deputy Manager Salary
(297 salaries)
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₹3 L/yr - ₹8.86 L/yr
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₹3.06 L/yr - ₹10 L/yr
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₹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

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

read more
  • 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

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 ?

read more
  • Skill development - Poor
  • +4 more

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.

read more
  • Salary - Excellent

Dislikes

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

  • Job security - Bad
  • +3 more

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

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  • Skill development - Bad
  • +3 more

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

read more
  • Job security - Bad
  • +3 more
see more salary related reviews

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Bajaj Finance Underwriter Salary FAQs

What is the salary of Underwriter at Bajaj Finance?
Underwriter salary at Bajaj Finance in India ranges between ₹3.3 Lakhs to ₹5.0 Lakhs for experience between 1 years to 7 years. According to our estimates it is 25% less than the average Underwriter Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Bajaj Finance India.
How does the salary of a Underwriter at Bajaj Finance India compare with the average salary range for this job?
The average salary of a Underwriter at Bajaj Finance is 25% less than the average salary of a Underwriter in India. To know exact salary insights, login to view.
What are the top skills required to work as a Underwriter at Bajaj Finance?
Credit Appraisal, Finance, Credit Underwriting, Home Loans and Credit Analysis are some of the popular skills required to work as a Underwriter at Bajaj Finance India.
Which similar companies are paying more than Bajaj Finance to a Underwriter in India?
  • L&T Finance Underwriter Salary - ₹4.0 Lakhs to ₹11.4 Lakhs per year
  • Axis Bank Underwriter Salary - ₹3.8 Lakhs to ₹10.0 Lakhs per year
  • ICICI Bank Underwriter Salary - ₹2.3 Lakhs to ₹9.6 Lakhs per year
What is the salary of a Underwriter in companies similar to Bajaj Finance in India?
  • HDFC Bank Underwriter Salary - ₹1.3 Lakhs to ₹7.6 Lakhs per year
  • Kotak Mahindra Bank Underwriter Salary - ₹2.0 Lakhs to ₹4.7 Lakhs per year
  • Home Credit Finance Underwriter Salary - ₹1.1 Lakhs to ₹3.4 Lakhs per year
  • HDB Financial Services Underwriter Salary - ₹1.6 Lakhs to ₹2.5 Lakhs per year
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 ranges between ₹30,051 per month to ₹31,365 per month in India. The take-home salary calculation is based on the average Bajaj Finance Underwriter salary in India which ranges between ₹3.3 Lakhs to ₹5.0 Lakhs per year for employees with experience between 1 years to 7 years. Check how did we calculate take home salary?
What is the notice period for Underwriter at Bajaj Finance?
According to AmbitionBox, 100% of the Bajaj Finance Underwriters reported a notice period of 3 Months.This is based on 3 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

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