HDB Financial Services Mumbai Cluster Credit Manager Salaries by 4 Employees

13 - 16 years exp.

₹11.9 Lakhs - ₹23 Lakhs

Avg. annual salary

Monthly In-hand Salary

85% more than the average Cluster Credit Manager Salary in NBFC Companies for 13 - 16 years of experience

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Salaries in different departments

Risk Management & Compliance Cluster Credit Manager Salary 15 - 16 years exp. (AmbitionBox Estimate)	₹18.4 L/yr - ₹18.5 L/yr
BFSI, Investments & Trading Cluster Credit Manager Salary 15 years exp. (AmbitionBox Estimate)	₹20.4 L/yr - ₹23 L/yr
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Finance & Accounting Cluster Credit Manager Salary 13 years exp. (AmbitionBox Estimate)	₹11.9 L/yr - ₹18.6 L/yr

Last Updated: 6 Oct 2024

Companies similar to HDB Financial Services for Cluster Credit Manager in Mumbai

HDB Financial Services Cluster Credit Manager Salary

13 - 16 years exp. (4 salaries)

₹11.9 L/yr - ₹23 L/yr

Company name	Avg Annual Salary	Open Jobs
SMFG India Credit Cluster Credit Manager Salary 9 - 11 years exp. (4 salaries)	₹14.5 L/yr - ₹18.5 L/yr 12% less
Hinduja Housing Finance Cluster Credit Manager Salary 1 - 12 years exp. (22 salaries)	₹4 L/yr - ₹9.2 L/yr 68% less	3 job openings
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Piramal Capital Housing Finance Cluster Credit Manager Salary 7 - 19 years exp. (19 salaries)	₹13 L/yr - ₹19.7 L/yr 12% less
AU Small Finance Bank Cluster Credit Manager Salary 5 - 14 years exp. (11 salaries)	₹10.5 L/yr - ₹20.2 L/yr 14% less
Edelweiss Cluster Credit Manager Salary 3 - 6 years exp. (5 salaries)	₹10 L/yr - ₹14 L/yr 35% less

Cluster Credit Manager salary at HDB Financial Services ranges between ₹11.9 Lakhs to ₹23 Lakhs per year for employees with experience between 13 years to 16 years. Salary estimates are based on 4 latest salaries received from various employees of HDB Financial Services.

Experience wise HDB Financial Services Cluster Credit Manager salaries in Mumbai

Last Updated: 6 Oct 2024

Experience	Avg Annual Salary
13 years (AmbitionBox Estimate)	₹17.3 L/yr - ₹22.1 L/yr
14 years (AmbitionBox Estimate)	₹17.3 L/yr - ₹22 L/yr
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15+ years (3 salaries)	₹18.5 L/yr - ₹23 L/yr

Similar Designation salaries in HDB Financial Services

Relationship Manager Salary

(195 salaries)

₹1.65 L/yr - ₹4.6 L/yr

Branch Credit Manager Salary

(47 salaries)

₹3.2 L/yr - ₹7 L/yr

Credit Manager Salary

(44 salaries)

₹2.7 L/yr - ₹7 L/yr

Area Credit Manager Salary

(13 salaries)

₹7 L/yr - ₹17.45 L/yr

Zonal Credit Manager Salary

(4 salaries)

₹24.35 L/yr - ₹28 L/yr

Top skills at HDB Financial Services for Cluster Credit Manager

Credit Underwriting Credit Appraisal Auto Loans Credit Credit Appraisal Credit Policy Credit Assessment Commercial Vehicle Commercial Vehicle Credit Analysis Credit Analysis EPF Auto Loans Car Loan Credit Underwriting

Salary related reviews for HDB Financial Services

5.0

Rated by 1 employees for salary & benefits

Sales Manager in Siwan

Full Time

Sales & Business Development Department

3.0

• posted on 25 Feb 2025

4.0

for Salary and Benefits

Likes

Salary on time, working pressure is average, work - life balance is average.

Salary - Good

+1 more

Dislikes

No co-operate from any seniors. Do self each and every thing. Sales and collection. Target pressure is 100 % but support is 0%. Work starting time is 8.00am ending time not fixed.

Skill development - Poor

+1 more

Sales Officer in Barpeta

Full Time

Sales & Business Development Department

5.0

• posted on 01 Nov 2024

5.0

for Salary and Benefits

Likes

Some say that working at HDB Financial Services is a good place to start a career in lending and that they have a good work culture:

Salary - Excellent

+6 more

Dislikes

Some say the salary and growth level are low. No work-life balance: Some say there is no work-life balance.

Credit Relationship Manager in Ankleshwar

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 24 Oct 2024

2.0

for Salary and Benefits

Likes

Learning Purposes it is goood but not good life long time.

Skill development - Good

Dislikes

Everything 1 Salary structure 2 Leave not giving which is considered as Leave on system but if they mail " Tomorrow is normal working day " u must come to branch, Shame thing to work with them.

Salary - Poor

+4 more

Sales Manager in Jaipur

Full Time

Finance & Accounting Department

4.0

• posted on 01 Oct 2024

3.0

for Salary and Benefits

Likes

Only salary paid on time

Dislikes

Lot of things Pls remove sales part from HDB it's credit oriented group where only making fun on the basis of sales performance throw hold files without knowing facts in this group sales person are fool only credit is good If credit is good then why set higher target for sales team

Job security - Poor

+1 more

Sales Officer in Indore

Full Time

Sales & Business Development Department

3.0

• posted on 29 Sep 2024

3.0

for Salary and Benefits

Likes

Working in Hdb is very good 😊 Easy Loans Quick Process Good Environment Good incentive And etc

Dislikes

...n pressure and customer don't pay emi you self fund on emi and pay customer emi. Where employee is 10k salary where he pay customer emi this thing is worst.Then senior Demanding Higher Targets Example - Your new joined and your 1st month Target is 10 lakh and you achieved target senior Demanding next month 20 lakh and your not achieved target senior denied you to take leave and 1st Saturday Sunday is off senior say doing work in market.Company Is continue doing work on Saturday Sunday all employees are frusted there is no social and life balance.There Is very office Politics.Where some employees doing nothing senior don't say anything there employees all target pending login pending and collection pending those employees Senior Don't say anything and some employee doing 1 loan in month and some do many more but who did more company demand more and who don't do more company don't want more.this is very big problem in this company.There is no Senior Support Who talk upper level senior for discussion some case.All thing Doing self Login to Disbursement .Customer Service Is very worst .

Work-life balance - Poor

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What people are saying about HDB Financial Services

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a manager

Ambiguity in JOB offer.

I recently changed my Job as Business Manager with Arka Fincap, but some how I also selected as BM(Branch manager) with HDB financial and Varthana finance. I am very confused, to what I will do. CTC would be same approximately. Suggest me right decision with reason... 1. I can continue with Arka Fincap. 2. Will join HDB financial as BM. 3. Will join Varthana finance as BM. Your feedback will be appreciated.

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HDB Financial Services Cluster Credit Manager Salary FAQs

What is the salary of Cluster Credit Manager at HDB Financial Services in Mumbai?

The average salary of a Cluster Credit Manager at HDB Financial Services in Mumbai typically ranges from ₹11.9 Lakhs to ₹23.0 Lakhs per year, depending on experience (from 13 years to 16 years).

The top 10% of Cluster Credit Manager in Mumbai at HDB Financial Services earn more than ₹23.0 Lakhs per year, and the top 1% earn over ₹23.0 Lakhs per year. Cluster Credit Manager Salaries at HDB 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 4 HDB Financial Services employees in India.

What is the estimated take home salary of a Cluster Credit Manager at HDB Financial Services in Mumbai?

The estimated take-home salary of a Cluster Credit Manager at HDB Financial Services in Mumbai typically ranges from ₹1,27,251 to ₹1,31,473 per month. This is based on the average salary range of ₹11.9 Lakhs to ₹23.0 Lakhs per year for employees with experience ranging from 13 years to 16 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 4 salaries received from various employees of HDB Financial Services. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Cluster Credit Manager at HDB Financial Services in Mumbai?

To be a Cluster Credit Manager at HDB Financial Services in Mumbai, the key skills required include:

- Credit Underwriting
- Credit Appraisal
- Auto Loans
- Credit
- Credit Appraisal

These skills are highly valued at HDB Financial Services and are crucial for successful performance in a Software Engineering role.

What is the salary of a Cluster Credit Manager in companies similar to HDB Financial Services in Mumbai?

The salary of a Cluster Credit Manager at companies similar to HDB Financial Services in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

SMFG India Credit	₹14.5 Lakhs to ₹18.5 Lakhs per year
Piramal Capital Housing Finance	₹13.0 Lakhs to ₹19.7 Lakhs per year
AU Small Finance Bank	₹10.5 Lakhs to ₹20.2 Lakhs per year
Edelweiss	₹10.0 Lakhs to ₹14.0 Lakhs per year
Hinduja Housing Finance	₹4.0 Lakhs to ₹9.2 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 Cluster Credit Manager at HDB Financial Services in Mumbai?

The salary growth for a Cluster Credit Manager at HDB Financial Services in Mumbai depends on factors such as experience, performance, and promotions. On average, a Cluster Credit Manager in Mumbai can expect the following growth trajectory at HDB Financial Services:

Experience	Average Salary Range
13 years	₹17.3 Lakhs to ₹22.1 Lakhs per year
14 years	₹17.3 Lakhs to ₹22.0 Lakhs per year
15 years	₹18.5 Lakhs to ₹23.0 Lakhs per year

and so on.

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HDB Financial Services Cluster Credit Manager Salaries in Mumbai

HDB Financial Services Cluster Credit Manager salary in Mumbai ranges between ₹11.9 Lakhs to ₹23 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 HDB Financial Services latest salaries received from various employees of HDB Financial Services.