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CARS24 Financial Services Credit Underwriter salaries in India

Annual salary range
3 - 7 years exp.
₹3 Lakhs - ₹4.5 Lakhs
Salary of majority employees
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27% less than the average Credit Underwriter Salary for 3 - 7 years of experience

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Last Updated: 5 Dec 2024

Companies similar to CARS24 Financial Services for Credit Underwriter

Company name Avg Annual Salary Open Jobs
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HDFC Bank Credit Underwriter Salary

0 - 8 years exp. (120 salaries)

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₹3 L/yr - ₹11 L/yr

arrow icon 94% more
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Axis Bank Credit Underwriter Salary

1 - 10 years exp. (53 salaries)

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₹2.6 L/yr - ₹7 L/yr

arrow icon 40% more
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Accenture Credit Underwriter Salary

0 - 9 years exp. (34 salaries)

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₹1.9 L/yr - ₹9 L/yr

arrow icon 42% more
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Kotak Mahindra Bank Credit Underwriter Salary

0 - 7 years exp. (34 salaries)

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₹1.8 L/yr - ₹8.5 L/yr

arrow icon 7% more
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ICICI Bank Credit Underwriter Salary

1 - 8 years exp. (26 salaries)

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₹1.2 L/yr - ₹10.6 L/yr

arrow icon 69% more
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₹11 L/yr - ₹25 L/yr

arrow icon 403% more
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WNS Credit Underwriter Salary

1 - 5 years exp. (11 salaries)

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₹2.4 L/yr - ₹5 L/yr

arrow icon 11% more
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TCS Credit Underwriter Salary

2 - 8 years exp. (8 salaries)

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₹2.7 L/yr - ₹5.9 L/yr

arrow icon 20% more
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₹4 L/yr - ₹7 L/yr

arrow icon 50% more
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Genpact Credit Underwriter Salary

2 - 4 years exp. (3 salaries)

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₹2.4 L/yr - ₹5 L/yr

arrow icon 18% less
Credit Underwriter salary at CARS24 Financial Services ranges between ₹3 Lakhs to ₹4.5 Lakhs per year for employees with experience between 3 years to 7 years. Salary estimates are based on 5 latest salaries received from various employees of CARS24 Financial Services.

Latest annual salaries shared by CARS24 Financial Services Credit Underwriter

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5 years exp.
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7 years exp.
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4 years exp.
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4 years exp.
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3 years exp.

Experience wise CARS24 Financial Services Credit Underwriter salaries

Last Updated: 5 Dec 2024

Experience Avg Annual Salary
3 years (AmbitionBox Estimate)

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₹2.7 L/yr - ₹3.5 L/yr
4 years (AmbitionBox Estimate)

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₹2.8 L/yr - ₹3.6 L/yr
5 years (AmbitionBox Estimate)

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₹3.2 L/yr - ₹4.1 L/yr
6 years (AmbitionBox Estimate)

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₹3.7 L/yr - ₹4.7 L/yr
7 years (AmbitionBox Estimate)

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₹4 L/yr - ₹5.1 L/yr

Similar Designation salaries in CARS24 Financial Services

Credit Officer Salary
(AmbitionBox Estimate)
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₹2.3 L/yr - ₹3 L/yr
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₹2.75 L/yr - ₹3.6 L/yr
Credit Analyst Salary
(4 salaries)
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₹2.5 L/yr - ₹5 L/yr
Credit Manager Salary
(7 salaries)
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₹3.6 L/yr - ₹8.92 L/yr
Area Credit Manager Salary
(AmbitionBox Estimate)
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₹6.5 L/yr - ₹8.3 L/yr
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₹2.88 L/yr - ₹5.3 L/yr
Sales Officer Salary
(AmbitionBox Estimate)
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₹2 L/yr - ₹2.5 L/yr
Deputy Manager Salary
(4 salaries)
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₹8 L/yr - ₹8.43 L/yr
Sales Manager Salary
(3 salaries)
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₹6 L/yr - ₹7 L/yr
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₹5 L/yr - ₹6 L/yr

Salary related reviews for CARS24 Financial Services

Full Time

 · 

Marketing & Communication Department

1.0
  •  posted on 25 Oct 2023

1.0
 for  Salary and Benefits

Likes

Very bad company

Dislikes

This is the very poor company, because at the time when the employee is being promoted and the salary is being apprised, at that time the employee is fired under some pretext and his whole year is ruined

read more
  • Salary - Bad
  • +6 more

Full Time

 · 

Risk Management & Compliance Department

2.0
  •  posted on 10 Nov 2023

2.0
 for  Salary and Benefits

Likes

Company pays good money

Dislikes

...numbers behaving in such volatile manner without massive manual intervention. Ego and Attitude problem was a bonus. The Ego and Attitude of every single person starting at CFO is like they were the ones who solved world hunger, world poverty.

read more
  • Salary - Poor
  • +5 more

Customer Success, Service & Operations Department

3.0
  •  posted on 31 May 2022

3.0
 for  Salary and Benefits

Likes

Things work really fast, ideas are executed faster than any other organization i have worked with till now. HR policies are strong, bosses cannot screw people over for their personal grudges. All teams are always ready to jump on a call to solve a problem, or an escalation or bridge a process gap. On hands onboard all the time. The way tenured team members are always ready to help and share knowledge for the product and services and internal processes, is impeccable. unlike some organization where information is kept secret, and it becomes hard for new employees to survive. Here @cars24 financial services team is very helpful and supportive.

read more

Dislikes

...ves, while others would have unlimited leave with no need to punch in and out 3) Performance linked bonus would be paid only if you are on company's payroll, so for instances you have completed 12 months and you are now eligible for bonus. However, the company will decide to pay out the bonus in the month July or August , and you decide the leave the organization in June, you will not be paid the bonus. 4) In mid management you might get a feel of bureaucratism

read more
  • Skill development - Bad
  • +4 more

Customer Success, Service & Operations Department

3.0
  •  posted on 30 Aug 2021

3.0
 for  Salary and Benefits

Likes

Talking about company company is good they pay you on time and have many other benefits but their is no work life balance specially in B2B department they tell you to work from morning 9 till 11 pm at night and 7 days a week poor management every body just want to give their work on others shoulders not support from top management no carrier growth

read more
  • Job security - Good

Dislikes

No holidays not also a week off No fixed working time No support from management

  • Work satisfaction - Bad
  • +2 more

Full Time

 · 

Other Department

1.0
  •  posted on 30 Jan 2025

1.0
 for  Salary and Benefits

Likes

no answer

Dislikes

Work Culture: The work environment is not supportive, with high pressure and lack of proper management. Shift Duration: The shift is excessively long, lasting 15 hours, which leads to exhaustion. Management Issues: The manager is overly strict and difficult to work with. Breaks & Time Off: Only lunch timing and week-off are noted, with no additional breaks or flexibility.

read more
  • Salary - Bad
  • +6 more
see more salary related reviews

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CARS24 Financial Services Credit Underwriter Salary FAQs

What is the salary of Credit Underwriter at CARS24 Financial Services ?
The average salary of a Credit Underwriter at CARS24 Financial Services in India typically ranges from ₹3.0 Lakhs to ₹4.5 Lakhs per year, depending on experience (from 3 years to 7 years).

The top 10% of Credit Underwriter at CARS24 Financial Services earn more than ₹4.5 Lakhs per year, and the top 1% earn over ₹4.5 Lakhs per year. Credit Underwriter Salaries at CARS24 Financial Services 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 5 CARS24 Financial Services employees in India.
What is the estimated take home salary of a Credit Underwriter at CARS24 Financial Services in India?
The estimated take-home salary of a Credit Underwriter at CARS24 Financial Services in India typically ranges from ₹26,725 to ₹28,138 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹4.5 Lakhs per year for employees with experience ranging from 3 years 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 5 salaries received from various employees of CARS24 Financial Services. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than CARS24 Financial Services for Credit Underwriter in India?
JPMorgan Chase & Co. ₹11.0 Lakhs to ₹25.0 Lakhs per year
HDFC Bank ₹3.0 Lakhs to ₹11.0 Lakhs per year
ICICI Bank ₹1.2 Lakhs to ₹10.6 Lakhs per year
Concentrix Corporation ₹4.0 Lakhs to ₹7.0 Lakhs per year
Accenture ₹1.9 Lakhs to ₹9.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by CARS24 Financial Services, depending on the role and experience level.
What is the salary of a Credit Underwriter in companies similar to CARS24 Financial Services in India?
The salary of a Credit Underwriter at companies similar to CARS24 Financial Services in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Axis Bank ₹2.6 Lakhs to ₹7.0 Lakhs per year
TCS ₹2.7 Lakhs to ₹5.9 Lakhs per year
WNS ₹2.4 Lakhs to ₹5.0 Lakhs per year
Kotak Mahindra Bank ₹1.8 Lakhs to ₹8.5 Lakhs per year
Genpact ₹2.4 Lakhs to ₹5.0 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 CARS24 Financial Services in India?
The salary growth for a Credit Underwriter at CARS24 Financial Services depends on factors such as experience, performance, and promotions. On average, a Credit Underwriter can expect the following growth trajectory at CARS24 Financial Services:

Experience Average Salary Range
3 years ₹2.7 Lakhs to ₹3.5 Lakhs per year
4 years ₹2.8 Lakhs to ₹3.6 Lakhs per year
5 years ₹3.2 Lakhs to ₹4.1 Lakhs per year
6 years ₹3.7 Lakhs to ₹4.7 Lakhs per year
and so on.

Tell us how to improve this page.

CARS24 Financial Services Credit Underwriter salary in India ranges between ₹3 Lakhs to ₹4.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 5 CARS24 Financial Services latest salaries received from various employees of CARS24 Financial Services.