GIC Housing Finance Credit Officer Salaries by 10+ Employees

1 - 6 years exp.

₹2.2 Lakhs - ₹10.2 Lakhs

Salary of majority employees

88% more than the average Credit Officer Salary in NBFC Companies for 1 - 6 years of experience

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Salaries in different departments

BFSI, Investments & Trading Credit Officer Salary 2 - 6 years exp. (9 salaries)	₹2.2 L/yr - ₹12 L/yr
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Finance & Accounting Credit Officer Salary 1 - 2 years exp. (AmbitionBox Estimate)	₹6 L/yr - ₹7.3 L/yr

Last Updated: 4 Aug 2024

Companies similar to GIC Housing Finance for Credit Officer

Company name	Avg Annual Salary	Open Jobs
Mahindra Rural Housing Finance Credit Officer Salary 0 - 6 years exp. (199 salaries)	₹1.2 L/yr - ₹4 L/yr 60% less
Sammaan Capital Limited Credit Officer Salary 0 - 6 years exp. (132 salaries)	₹1.8 L/yr - ₹3.9 L/yr 58% less
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MAS Financial Services Credit Officer Salary 0 - 9 years exp. (111 salaries)	₹1.5 L/yr - ₹5.3 L/yr 51% less
Aavas Financiers Credit Officer Salary 1 - 5 years exp. (53 salaries)	₹1.2 L/yr - ₹4.5 L/yr 55% less
Capri Global Capital Credit Officer Salary 0 - 6 years exp. (42 salaries)	₹1.5 L/yr - ₹3.7 L/yr 60% less
Berar Finance Credit Officer Salary 0 - 6 years exp. (37 salaries)	₹1.3 L/yr - ₹3 L/yr 70% less
Five-Star Business Finance Credit Officer Salary 0 - 6 years exp. (34 salaries)	₹2.3 L/yr - ₹4 L/yr 55% less
Maxvalue Credits & Investments Credit Officer Salary 1 - 6 years exp. (21 salaries)	₹1.9 L/yr - ₹3 L/yr 67% less
Kotak Mahindra Prime Credit Officer Salary 1 - 7 years exp. (19 salaries)	₹1.6 L/yr - ₹2.7 L/yr 66% less
Tata Capital Housing Finance Credit Officer Salary 2 - 7 years exp. (18 salaries)	₹3 L/yr - ₹3.8 L/yr 50% less
IKF Finance Credit Officer Salary 0 - 6 years exp. (15 salaries)	₹2 L/yr - ₹3.8 L/yr 56% less
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Electronica Finance Credit Officer Salary 0 - 6 years exp. (15 salaries)	₹2.5 L/yr - ₹4.8 L/yr 51% less
Indostar Capital Finance Credit Officer Salary 0 - 7 years exp. (14 salaries)	₹2 L/yr - ₹4.5 L/yr 52% less
Repco Home Finance Credit Officer Salary 1 - 6 years exp. (12 salaries)	₹3 L/yr - ₹7 L/yr 37% less
Ugro Capital Credit Officer Salary 0 - 10 years exp. (10 salaries)	₹3 L/yr - ₹4.6 L/yr 44% less
Sundaram Home Finance Credit Officer Salary 2 - 8 years exp. (10 salaries)	₹2.9 L/yr - ₹5 L/yr 47% less
PNB Housing Finance Credit Officer Salary 2 - 7 years exp. (8 salaries)	₹2 L/yr - ₹3.5 L/yr 60% less
Ess Kay Fincorp Credit Officer Salary 2 - 6 years exp. (8 salaries)	₹2 L/yr - ₹3.5 L/yr 56% less
Poonawalla Fincorp Credit Officer Salary 1 - 7 years exp. (8 salaries)	₹2.4 L/yr - ₹3.5 L/yr 54% less
Kogta Financial India Limited Credit Officer Salary 0 - 5 years exp. (4 salaries)	₹2.6 L/yr - ₹3.5 L/yr 58% less

Credit Officer salary at GIC Housing Finance ranges between ₹2.2 Lakhs to ₹10.2 Lakhs per year for employees with experience between 1 year to 6 years. Salary estimates are based on 13 latest salaries received from various employees of GIC Housing Finance.

Experience wise GIC Housing Finance Credit Officer salaries

Last Updated: 4 Aug 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹6 L/yr - ₹14.1 L/yr
2 years (3 salaries)	₹7 L/yr - ₹7.5 L/yr
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3 years (4 salaries)	₹2.8 L/yr - ₹12.6 L/yr
4 years (3 salaries)	₹2.2 L/yr - ₹9.4 L/yr
5 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹11.1 L/yr
6 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹10.4 L/yr

View all

Similar Designation salaries in GIC Housing Finance

Credit Manager Salary

(4 salaries)

₹7.5 L/yr - ₹10.25 L/yr

Sales Officer Salary

(AmbitionBox Estimate)

₹8.1 L/yr - ₹10.4 L/yr

Credit Analyst Salary

(7 salaries)

₹6.7 L/yr - ₹10 L/yr

Senior Credit Officer Salary

(AmbitionBox Estimate)

₹5.2 L/yr - ₹6.7 L/yr

Officer Salary

(AmbitionBox Estimate)

₹0.2 L/yr - ₹0.2 L/yr

Credit Underwriter Salary

(4 salaries)

₹7.3 L/yr - ₹12 L/yr

Credit Executive Salary

(7 salaries)

₹4 L/yr - ₹11.89 L/yr

Area Credit Manager Salary

(4 salaries)

₹11.5 L/yr - ₹13 L/yr

Branch Manager Salary

(31 salaries)

₹8.5 L/yr - ₹16 L/yr

Deputy Manager Salary

(AmbitionBox Estimate)

₹14.4 L/yr - ₹18.4 L/yr

Salary related reviews for GIC Housing Finance

5.0

Rated by 2 employees for salary & benefits

Senior Associate in Mumbai

Full Time

Customer Success, Service & Operations Department

5.0

• posted on 06 Jun 2023

2.0

for Salary and Benefits

Likes

This company is good only salary paid to us time to time.

Skill development - Good

+4 more

Dislikes

This company paid salary time to time but salary not increase to all associates employees time to time also not give us bonus to all associates employee ,they have only increase salary and give bonus of permanent staff time to time.i have spent my 11yrs in this company with hard working but no body solve our salary and financial problem.

Salary - Poor

+1 more

Senior Executive in Mumbai

BFSI, Investments & Trading Department

1.0

• posted on 16 Jan 2019

3.0

for Salary and Benefits

Likes

Hopeless organisation. Only pay is decent. The company doesnot take care of its employees at all.

Dislikes

The company doesnot take care of the needs of the employees. The management is extremely faulty and judgmental.

Skill development - Bad

+4 more

Credit Underwriter in Faridabad

Full Time

Other Department

4.0

• posted on 21 Dec 2024

3.0

for Salary and Benefits

Likes

Culture of the company, job security, work life balance and minimum work pressure.

Job security - Excellent

+2 more

Dislikes

As there is limited work pressure, Thus, the chances of promotion is bare minimum, All the work is related to credit therefore, very limited salary appraisal lesser than the market standards. Outdated technology.

Senior Associate in Mumbai

Full Time

Finance & Accounting Department

5.0

• posted on 27 Sep 2024

5.0

for Salary and Benefits

Likes

GIC housing finance ltd.comapny is govt.undertaking and this company give opportunity of office role person for growth of his/her work experience and this company give us salary time to time.

Salary - Excellent

+6 more

Dislikes

No any comments.

Executive in Kochi

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 26 Oct 2023

5.0

for Salary and Benefits

Likes

It provides me a great learning opportunitie as i was able to learn about various aspects of credit processing and underwriting it also provides me with financial knowledge and skills required to know each consumer in there credit worthiness

Salary - Excellent

+5 more

Dislikes

The company should more involve in digital marketing and also should have more public involvement as it will lead to the growth of the business

see more salary related reviews

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Salary Discussions, Hike & Promotions

a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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GIC Housing Finance Credit Officer Salary FAQs

What is the salary of Credit Officer at GIC Housing Finance ?

The average salary of a Credit Officer at GIC Housing Finance in India typically ranges from ₹2.2 Lakhs to ₹10.2 Lakhs per year, depending on experience (from 1 year to 6 years).

The top 10% of Credit Officer at GIC Housing Finance earn more than ₹10.2 Lakhs per year, and the top 1% earn over ₹13.7 Lakhs per year. Credit Officer Salaries at GIC Housing 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 10+ GIC Housing Finance employees in India.

What is the estimated take home salary of a Credit Officer at GIC Housing Finance in India?

The estimated take-home salary of a Credit Officer at GIC Housing Finance in India typically ranges from ₹52,066 to ₹53,293 per month. This is based on the average salary range of ₹2.2 Lakhs to ₹10.2 Lakhs per year for employees with experience ranging from 1 year to 6 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 10+ salaries received from various employees of GIC Housing Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

What is the salary of a Credit Officer in companies similar to GIC Housing Finance in India?

The salary of a Credit Officer at companies similar to GIC Housing Finance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Repco Home Finance	₹3.0 Lakhs to ₹7.0 Lakhs per year
Ugro Capital	₹3.0 Lakhs to ₹4.6 Lakhs per year
Sundaram Home Finance	₹2.9 Lakhs to ₹5.0 Lakhs per year
Tata Capital Housing Finance	₹3.0 Lakhs to ₹3.8 Lakhs per year
Electronica Finance	₹2.5 Lakhs to ₹4.8 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 Officer at GIC Housing Finance in India?

The salary growth for a Credit Officer at GIC Housing Finance depends on factors such as experience, performance, and promotions. On average, a Credit Officer can expect the following growth trajectory at GIC Housing Finance:

Experience	Average Salary Range
1 year	₹6.0 Lakhs to ₹14.1 Lakhs per year
2 years	₹7.0 Lakhs to ₹7.5 Lakhs per year
3 years	₹2.8 Lakhs to ₹12.6 Lakhs per year
4 years	₹2.2 Lakhs to ₹9.4 Lakhs per year

and so on.

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GIC Housing Finance Credit Officer Salaries

GIC Housing Finance Credit Officer salary in India ranges between ₹2.2 Lakhs to ₹10.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 13 GIC Housing Finance latest salaries received from various employees of GIC Housing Finance.