Cholamandalam Investment & Finance Chennai Area Credit Manager Salaries by 5 Employees

7 - 13 years exp.

₹10 Lakhs - ₹13.5 Lakhs

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakh

Monthly In-hand Salary

5% less than the average Area Credit Manager Salary in Financial Services Companies for 7 - 13 years of experience

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Salaries in different departments

BFSI, Investments & Trading Area Credit Manager Salary 7 - 13 years exp. (3 salaries)	₹11 L/yr - ₹13.5 L/yr
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Finance & Accounting Area Credit Manager Salary 8 years exp. (AmbitionBox Estimate)	₹10 L/yr - ₹12.6 L/yr

Last Updated: 10 Oct 2024

Companies similar to Cholamandalam Investment & Finance for Area Credit Manager in Chennai

Cholamandalam Investment & Finance Area Credit Manager Salary

7 - 13 years exp. (5 salaries)

₹10 L/yr - ₹13.5 L/yr

Company name	Avg Annual Salary	Open Jobs
Bajaj Finserv Area Credit Manager Salary 4 - 9 years exp. (5 salaries)	₹6.5 L/yr - ₹12 L/yr 19% less
Aditya Birla Capital Area Credit Manager Salary 7 - 10 years exp. (3 salaries)	₹8.7 L/yr - ₹20.2 L/yr 15% more
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ICICI Bank Area Credit Manager Salary 2 - 13 years exp. (36 salaries)	₹4.5 L/yr - ₹18 L/yr 9% less
HDB Financial Services Area Credit Manager Salary 5 - 18 years exp. (14 salaries)	₹8.8 L/yr - ₹15 L/yr 9% less	2 job openings
Axis Bank Area Credit Manager Salary 6 - 14 years exp. (11 salaries)	₹8 L/yr - ₹18.2 L/yr 17% more

Area Credit Manager salary at Cholamandalam Investment & Finance ranges between ₹10 Lakhs to ₹13.5 Lakhs per year for employees with experience between 7 years to 13 years. Salary estimates are based on 5 latest salaries received from various employees of Cholamandalam Investment & Finance.

Experience wise Cholamandalam Investment & Finance Area Credit Manager salaries in Chennai

Last Updated: 10 Oct 2024

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	₹10.7 L/yr - ₹13.6 L/yr
8 years (AmbitionBox Estimate)	₹10.8 L/yr - ₹13.8 L/yr
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9 years (AmbitionBox Estimate)	₹10.9 L/yr - ₹13.9 L/yr
10 years (AmbitionBox Estimate)	₹11 L/yr - ₹14 L/yr
11 years (AmbitionBox Estimate)	₹11.1 L/yr - ₹14.2 L/yr
12 years (AmbitionBox Estimate)	₹11.2 L/yr - ₹14.3 L/yr
13 years (AmbitionBox Estimate)	₹11.3 L/yr - ₹14.4 L/yr

View all

Similar Designation salaries in Cholamandalam Investment & Finance

Credit Officer Salary

(12 salaries)

₹1.65 L/yr - ₹3 L/yr

Credit Manager Salary

(9 salaries)

₹3.8 L/yr - ₹10.06 L/yr

Branch Credit Manager Salary

(9 salaries)

₹5.05 L/yr - ₹8.9 L/yr

Sales Manager Salary

(4 salaries)

₹3 L/yr - ₹5.5 L/yr

Regional Credit Manager Salary

(4 salaries)

₹13 L/yr - ₹28.3 L/yr

Zonal Credit Manager Salary

(4 salaries)

₹52 L/yr - ₹59 L/yr

Top skills at Cholamandalam Investment & Finance for Area Credit Manager

Auto Loans Commercial Vehicle Loans hcv Tractor Loan

Salary related reviews for Cholamandalam Investment & Finance

5.0

Rated by 1 employees for salary & benefits

Area Credit Manager in Barwani

Full Time

Finance & Accounting Department

4.0

• posted on 01 Sep 2024

5.0

for Salary and Benefits

Likes

Friendly nature with seniors and employes .Good salary benifits and incentive structure. Skill development and time to time learning module.

Salary - Excellent

+5 more

Dislikes

Office work timing not fixed. We have not sufficient time for family

Work-life balance - Poor

Area Credit Manager in Jamshedpur

Full Time

Other Department

1.0

• posted on 17 Mar 2023

3.0

for Salary and Benefits

Likes

You might get good salary hike and bonus/incentive.

Dislikes

Toxic work culture. Higher level of politics. Frequent concall. Unorganised work flow. No training and development at all. No job security. Hire & Fire policy. HR role is limited to hiring only. Weekend and late night working. No work life balance.

Skill development - Bad

+5 more

Area Credit Manager in Ranchi

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 30 May 2022

4.0

for Salary and Benefits

Likes

You might get a decent salary hike.

Salary - Good

Dislikes

Credit people reporting to Sales. Multiple reporting. You feel always uncomfortable while day to day working. You may assign any work which is not a part of your KRA. Limited HR involvement in employee matters. Holiday working. Repeated concalls. Not a good place to work.

Skill development - Poor

+5 more

Area Credit Manager in Vijayawada

BFSI, Investments & Trading Department

5.0

• posted on 20 Jul 2020

5.0

for Salary and Benefits

Likes

Management not stopped employee salaries as well as sales incentives and yearly bonus during COVID 19. Management has provided health insurance Upto 8 L to their family members. HR employee benefits are good.

Salary - Excellent

+5 more

Dislikes

Bad politics, current organisation structure,

Relationship Manager in Ranchi

Full Time

Finance & Accounting Department

1.0

• posted on 01 Oct 2024

1.0

for Salary and Benefits

Likes

There is literally nothing to like about Cholamandalam Investment & Finance.

Dislikes

...They'll just force you everytime for no reason, company is full of backstabbers. Not even paid my Bonus Amount for this financial year, after mailing me the details with entire amount, they kept the money.

Salary - Bad

+6 more

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Cholamandalam Investment & Finance Area Credit Manager Salary FAQs

What is the salary of Area Credit Manager at Cholamandalam Investment & Finance in Chennai?

The average salary of a Area Credit Manager at Cholamandalam Investment & Finance in Chennai typically ranges from ₹10.0 Lakhs to ₹13.5 Lakhs per year, depending on experience (from 7 years to 13 years).

The top 10% of Area Credit Manager in Chennai at Cholamandalam Investment & Finance earn more than ₹13.5 Lakhs per year, and the top 1% earn over ₹13.5 Lakhs per year. Area Credit Manager Salaries at Cholamandalam Investment & 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 5 Cholamandalam Investment & Finance employees in India.

What is the estimated take home salary of a Area Credit Manager at Cholamandalam Investment & Finance in Chennai?

The estimated take-home salary of a Area Credit Manager at Cholamandalam Investment & Finance in Chennai typically ranges from ₹87,086 to ₹89,369 per month. This is based on the average salary range of ₹10.0 Lakhs to ₹13.5 Lakhs per year for employees with experience ranging from 7 years to 13 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 Cholamandalam Investment & Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Area Credit Manager at Cholamandalam Investment & Finance in Chennai?

To be a Area Credit Manager at Cholamandalam Investment & Finance in Chennai, the key skills required include:

- Auto Loans
- Commercial Vehicle Loans
- hcv
- Tractor Loan

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

Which companies offer higher salaries than Cholamandalam Investment & Finance for Area Credit Manager in India?

Axis Bank	₹8.0 Lakhs to ₹18.2 Lakhs per year
Aditya Birla Capital	₹8.7 Lakhs to ₹20.2 Lakhs per year

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

What is the salary of a Area Credit Manager in companies similar to Cholamandalam Investment & Finance in Chennai?

The salary of a Area Credit Manager at companies similar to Cholamandalam Investment & Finance in Chennai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

HDB Financial Services	₹8.8 Lakhs to ₹15.0 Lakhs per year
ICICI Bank	₹4.5 Lakhs to ₹18.0 Lakhs per year
Bajaj Finserv	₹6.5 Lakhs to ₹12.0 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 Area Credit Manager at Cholamandalam Investment & Finance in Chennai?

The salary growth for a Area Credit Manager at Cholamandalam Investment & Finance in Chennai depends on factors such as experience, performance, and promotions. On average, a Area Credit Manager in Chennai can expect the following growth trajectory at Cholamandalam Investment & Finance:

Experience	Average Salary Range
7 years	₹10.7 Lakhs to ₹13.6 Lakhs per year
8 years	₹10.8 Lakhs to ₹13.8 Lakhs per year
9 years	₹10.9 Lakhs to ₹13.9 Lakhs per year
10 years	₹11.0 Lakhs to ₹14.0 Lakhs per year

and so on.

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Cholamandalam Investment & Finance Area Credit Manager Salaries in Chennai

Cholamandalam Investment & Finance Area Credit Manager salary in Chennai ranges between ₹10 Lakhs to ₹13.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Cholamandalam Investment & Finance latest salaries received from various employees of Cholamandalam Investment & Finance.