Cholamandalam Investment & Finance Credit Underwriter Salaries by 5 Employees (Updated 2025)

2 - 4 years exp.

₹3.5 Lakhs - ₹4.1 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

26% less than the average Credit Underwriter Salary in Financial Services Companies for 2 - 4 years of experience

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Salaries in different departments

Finance & Accounting Credit Underwriter Salary 3 - 4 years exp. (AmbitionBox Estimate)	₹3.5 L/yr - ₹3.9 L/yr
Risk Management & Compliance Credit Underwriter Salary 2 - 3 years exp. (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.1 L/yr
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BFSI, Investments & Trading Credit Underwriter Salary 4 years exp. (AmbitionBox Estimate)	₹3.5 L/yr - ₹3.9 L/yr

Last Updated: 24 Mar 2025

Companies similar to Cholamandalam Investment & Finance for Credit Underwriter

Company name	Avg Annual Salary	Open Jobs
Bajaj Finserv Credit Underwriter Salary 0 - 6 years exp. (17 salaries)	₹3.5 L/yr - ₹7 L/yr 40% more
HSBC Group Credit Underwriter Salary 1 - 8 years exp. (16 salaries)	₹2.3 L/yr - ₹8.8 L/yr 86% more
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JPMorgan Chase & Co. Credit Underwriter Salary 0 - 4 years exp. (13 salaries)	₹11 L/yr - ₹25 L/yr 399% more
Citicorp Credit Underwriter Salary 2 - 8 years exp. (6 salaries)	₹5.5 L/yr - ₹10 L/yr 89% more
Wells Fargo Credit Underwriter Salary 4 - 5 years exp. (3 salaries)	₹8.5 L/yr - ₹13.6 L/yr 235% more

Credit Underwriter salary at Cholamandalam Investment & Finance ranges between ₹3.5 Lakhs to ₹4.1 Lakhs per year for employees with experience between 2 years to 4 years. Salary estimates are based on 5 latest salaries received from various employees of Cholamandalam Investment & Finance.

Experience wise Cholamandalam Investment & Finance Credit Underwriter salaries

Last Updated: 24 Mar 2025

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹1.4 L/yr - ₹4.1 L/yr
3 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.1 L/yr
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4 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹6.7 L/yr

Similar Designation salaries in Cholamandalam Investment & Finance

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Credit Executive Salary

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₹2.4 L/yr - ₹4.5 L/yr

Credit Manager Salary

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₹2 L/yr - ₹9.94 L/yr

Area Credit Manager Salary

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₹6.03 L/yr - ₹20 L/yr

Branch Manager Salary

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₹3.5 L/yr - ₹10.5 L/yr

Senior Associate Salary

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Sales Officer Salary

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₹1.2 L/yr - ₹4 L/yr

Deputy Manager Salary

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₹1.98 L/yr - ₹9.51 L/yr

Chief Manager Salary

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₹6.5 L/yr - ₹10 L/yr

Salary related reviews for Cholamandalam Investment & Finance

4.0

Rated by 1 employees for salary & benefits

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

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

Credit Analyst in Jaipur

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 15 Aug 2023

3.0

for Salary and Benefits

Likes

Good company as compare to other NBC Salary is not as level No work life balance You have to work for 24 hr Join office early at 9 am leave office after 8 pm After that they will call you at home to work from home after 8pm Very bad working culture specially if you are working in unsecured loan department that is CSEL DEPARTMENT

Dislikes

Please don't join in CSEL in cholamandalam investment and finance company

Skill development - Poor

+2 more

Officer in Mysuru / Mysore

Full Time

Finance & Accounting Department

5.0

• posted on 21 Dec 2023

2.0

for Salary and Benefits

Likes

I am always like chola

Skill development - Excellent

+2 more

Dislikes

... to give promotion to the employees who have worked for many years in our Chola. Again, he failed to increase the salary. Some managers use bad words.

Salary - Poor

+3 more

Officer in Mp3

Full Time

Other Department

2.0

• posted on 18 Feb 2024

2.0

for Salary and Benefits

Likes

... any executive to move any other company. Also not give promotion to executive. Only they increase salary by 500-1300 yearly only after they get to know, you think yo switch other company.

Dislikes

Same as above. Not recommended if you are futuristic and need growth in career.

Salary - Poor

+4 more

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Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

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Cholamandalam Investment & Finance Credit Underwriter Salary FAQs

What is the salary of Credit Underwriter at Cholamandalam Investment & Finance ?

The average salary of a Credit Underwriter at Cholamandalam Investment & Finance in India typically ranges from ₹3.5 Lakhs to ₹4.1 Lakhs per year, depending on experience (from 2 years to 4 years).

The top 10% of Credit Underwriter at Cholamandalam Investment & Finance earn more than ₹4.1 Lakhs per year, and the top 1% earn over ₹4.1 Lakhs per year. Credit Underwriter 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 Credit Underwriter at Cholamandalam Investment & Finance in India?

The estimated take-home salary of a Credit Underwriter at Cholamandalam Investment & Finance in India typically ranges from ₹26,949 to ₹28,359 per month. This is based on the average salary range of ₹3.5 Lakhs to ₹4.1 Lakhs per year for employees with experience ranging from 2 years to 4 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.

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

JPMorgan Chase & Co.	₹11.0 Lakhs to ₹25.0 Lakhs per year
Wells Fargo	₹8.5 Lakhs to ₹13.6 Lakhs per year
Citicorp	₹5.5 Lakhs to ₹10.0 Lakhs per year
HSBC Group	₹2.3 Lakhs to ₹8.8 Lakhs per year
Bajaj Finserv	₹3.5 Lakhs to ₹7.0 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.

How the salary growth look like for a Credit Underwriter at Cholamandalam Investment & Finance in India?

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

Experience	Average Salary Range
2 years	₹1.4 Lakhs to ₹4.1 Lakhs per year
3 years	₹3.5 Lakhs to ₹4.1 Lakhs per year
4 years	₹3.5 Lakhs to ₹6.7 Lakhs per year

and so on.

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Cholamandalam Investment & Finance Credit Underwriter Salaries

Cholamandalam Investment & Finance Credit Underwriter salary in India ranges between ₹3.5 Lakhs to ₹4.1 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.

Cholamandalam Investment & Finance Credit Underwriter salaries in India (Updated 2025)

Companies similar to Cholamandalam Investment & Finance for Credit Underwriter

Latest annual salaries shared by Cholamandalam Investment & Finance Credit Underwriter

Experience wise Cholamandalam Investment & Finance Credit Underwriter salaries

Similar Designation salaries in Cholamandalam Investment & Finance

Salary related reviews for Cholamandalam Investment & Finance

Relationship Manager in Ranchi

Area Credit Manager in Barwani

Credit Analyst in Jaipur

Officer in Mysuru / Mysore

Officer in Mp3

Cholamandalam Investment & Finance Credit Underwriter Salary FAQs

Tell us how to improve this page.