CARS24 Underwriter Salaries by 4 Employees (Updated 2024)

4 - 8 years exp.

₹4 Lakhs - ₹4 Lakhs

Low Confidence

Salary of majority employees

25% less than the average Underwriter Salary in Internet Companies for 4 - 8 years of experience

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Salaries in different departments

Finance & Accounting Underwriter Salary 4 - 8 years exp. (3 salaries)	₹4 L/yr - ₹4 L/yr
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BFSI, Investments & Trading Underwriter Salary 6 years exp. (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.4 L/yr

Last Updated: 14 Oct 2023

Companies similar to CARS24 for Underwriter

Company name	Avg Annual Salary	Open Jobs
Udaan Underwriter Salary 1 - 11 years exp. (4 salaries)	₹8 L/yr - ₹21.8 L/yr 260% more
RenewBuy Underwriter Salary 8 - 11 years exp. (3 salaries)	₹5 L/yr - ₹6.3 L/yr 38% more
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SitusAMC Underwriter Salary 2 - 12 years exp. (376 salaries)	₹2.8 L/yr - ₹10.6 L/yr 84% more	2 job openings
Mphasis Underwriter Salary 2 - 9 years exp. (80 salaries)	₹2.8 L/yr - ₹9 L/yr 41% more	5 job openings
VERITY GLOBAL SOLUTIONS Underwriter Salary 2 - 9 years exp. (77 salaries)	₹3.1 L/yr - ₹9.3 L/yr 51% more

Underwriter salary at CARS24 ranges between ₹4 Lakhs to ₹4 Lakhs per year for employees with experience between 4 years to 8 years. Salary estimates are based on 4 latest salaries received from various employees of CARS24 .

Experience wise CARS24 Underwriter salaries

Last Updated: 14 Oct 2023

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹4 L/yr - ₹7.1 L/yr
5 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
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6 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹4 L/yr
7 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹4 L/yr
8 years (AmbitionBox Estimate)	₹4 L/yr - ₹4 L/yr

Similar Designation salaries in CARS24

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(9 salaries)

₹3.5 L/yr - ₹9 L/yr

Team Lead Salary

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₹2 L/yr - ₹9 L/yr

Credit Manager Salary

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₹3.7 L/yr - ₹6.5 L/yr

Senior Associate Salary

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Senior Analyst Salary

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₹7.03 L/yr - ₹21.13 L/yr

Deputy Manager Salary

(150 salaries)

₹5 L/yr - ₹14 L/yr

Management Trainee Salary

(AmbitionBox Estimate)

₹2.3 L/yr - ₹3 L/yr

Area Credit Manager Salary

(AmbitionBox Estimate)

₹6.5 L/yr - ₹8.3 L/yr

Process Associate Salary

(8 salaries)

₹1.25 L/yr - ₹3.6 L/yr

Branch Credit Manager Salary

(AmbitionBox Estimate)

₹2.3 L/yr - ₹2.9 L/yr

Top skills at CARS24 for Underwriter

Credit Underwriting Underwriting

Salary related reviews for CARS24

1.0

Rated by 1 employees for salary & benefits

Deputy Manager in New Delhi

Full Time

Human Resources Department

2.0

• posted on 17 Sep 2024

2.0

for Salary and Benefits

Likes

Nothing there to be liked as it is all unorganised

Dislikes

...sn't give week off to associate s and then complaint when they leave the system. You are asked to work on festivals n holidays and take double pay. Also being in HR you are asked to come to office on weekends too roster wise mentioning one HR person should be there on the floor.

Team Lead in New Delhi

Full Time

Sales & Business Development Department

5.0

• posted on 20 Mar 2024

5.0

for Salary and Benefits

Likes

Working as cars24 has been quite fulfilling for me.The salary,opportunities for promotion,job satisfaction and work life balance all are excellent here.My experience with the company has great ,and the people here are very supportive helpful by nature.

Dislikes

I found that there is slightly less job security at Cars24.

Senior Associate in Gurgaon / Gurugram

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 13 Nov 2023

2.0

for Salary and Benefits

Likes

Acha to kuch bhi nahi hai yaha

Dislikes

...li hai aur ab unhi ke sath team chalaa rahe hai. Customer experience ghatia hai. Kam salary mai graduates rakhe hai jinhe kuch nahi ata. Kuch managers hai jinka naam lena nahi chata yaha but vo bohot hi ghatia hai. Ache professional managers hire Karo or gadho ki fauz ko hatao yaha se.

Deputy Manager in Kolkata

Full Time

Finance & Accounting Department

5.0

• posted on 14 Jan 2024

5.0

for Salary and Benefits

Likes

... management team is transparent and honest, and the team members are supportive. The salary is also competitive and fair.

Dislikes

Everything is great.

Senior Associate in Gurgaon / Gurugram

Digital Marketing Department

1.0

• posted on 11 Aug 2022

1.0

for Salary and Benefits

Likes

...f good reviews.It’s handled by the ORM team … oops the same was all fired!! Yes, but there is a positive for sure here, ur salary comes on time and also ur FnF when u ultimately get fed up with the company.

Dislikes

...the difference is around 5-8%. Most of the employees end up with 1-2% appraisal. So basically if u consider inflation ur salary will also get depreciated every year.

see more salary related reviews

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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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CARS24 Underwriter Salary FAQs

What is the salary of Underwriter at CARS24 ?

Underwriter salary at CARS24 in India ranges between ₹4.0 Lakhs to ₹4.0 Lakhs for experience between 4 years to 8 years. According to our estimates it is 25% less than the average Underwriter Salary in India. Salary estimates are based on 4 latest salaries received from various employees of CARS24 India.

How does the salary of a Underwriter at CARS24 India compare with the average salary range for this job?

The average salary of a Underwriter at CARS24 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 CARS24 ?

Credit Underwriting and Underwriting are some of the popular skills required to work as a Underwriter at CARS24 India.

Which similar companies are paying more than CARS24 to a Underwriter in India?

Udaan Underwriter Salary - ₹8.0 Lakhs to ₹21.8 Lakhs per year
SitusAMC Underwriter Salary - ₹2.8 Lakhs to ₹10.6 Lakhs per year
VERITY GLOBAL SOLUTIONS Underwriter Salary - ₹3.1 Lakhs to ₹9.3 Lakhs per year
Mphasis Underwriter Salary - ₹2.8 Lakhs to ₹9.0 Lakhs per year
RenewBuy Underwriter Salary - ₹5.0 Lakhs to ₹6.3 Lakhs per year

What is the estimated take home salary of a Underwriter at CARS24 in India?

The estimated take-home salary of a Underwriter at CARS24 ranges between ₹29,374 per month to ₹30,747 per month in India. The take-home salary calculation is based on the average CARS24 Underwriter salary in India which ranges between ₹4.0 Lakhs to ₹4.0 Lakhs per year for employees with experience between 4 years to 8 years. Check how did we calculate take home salary?

What is the notice period for Underwriter at CARS24 ?

According to AmbitionBox, 100% of the CARS24 Underwriters reported a notice period of 1 Month.This is based on 3 responses on AmbitionBox in last 2 years.

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CARS24 Underwriter Salaries

CARS24 Underwriter salary in India ranges between ₹4 Lakhs to ₹4 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 CARS24 latest salaries received from various employees of CARS24 .