HDB Financial Services Mumbai Collection Associate Salaries by 50+ Employees (Updated 2025)

0 - 12 years exp.

₹2.1 Lakhs - ₹4.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

6% more than the average Collection Associate Salary in NBFC Companies for 0 - 12 years of experience

Interested in this particular role? 5 job openings

Salaries in different departments

BFSI, Investments & Trading Collection Associate Salary 0 - 12 years exp. (20 salaries)	₹2.1 L/yr - ₹4.5 L/yr
Finance & Accounting Collection Associate Salary 0 - 12 years exp. (16 salaries)	₹2.5 L/yr - ₹4.1 L/yr
Login to view exact salary
Risk Management & Compliance Collection Associate Salary 4 - 6 years exp. (3 salaries)	₹2.5 L/yr - ₹3.6 L/yr
Sales & Business Development Collection Associate Salary 6 years exp. (AmbitionBox Estimate)	₹2.2 L/yr - ₹3.6 L/yr

Last Updated: 15 Mar 2025

Companies similar to HDB Financial Services for Collection Associate in Mumbai

HDB Financial Services Collection Associate Salary

0 - 12 years exp. (56 salaries)

₹2.1 L/yr - ₹4.5 L/yr

Company name	Avg Annual Salary	Open Jobs
Shriram Finance Collection Associate Salary 4 - 6 years exp. (3 salaries)	₹3.5 L/yr - ₹4.1 L/yr 10% more
First Credit Services Collection Associate Salary 0 - 7 years exp. (4 salaries)	₹3 L/yr - ₹4.2 L/yr 6% more
Login to view exact salary
DCB Bank Collection Associate Salary 3 - 7 years exp. (4 salaries)	₹3 L/yr - ₹3.8 L/yr 2% more
Kissht Finance Collection Associate Salary 0 - 3 years exp. (4 salaries)	₹1.8 L/yr - ₹2.6 L/yr 37% less
Epicenter Technologies Collection Associate Salary 3 - 9 years exp. (4 salaries)	₹3.8 L/yr - ₹4.2 L/yr 21% more

Collection Associate salary at HDB Financial Services ranges between ₹2.1 Lakhs to ₹4.5 Lakhs per year for employees with less than 1 year of experience to 12 years. Salary estimates are based on 56 latest salaries received from various employees of HDB Financial Services.

Latest annual salaries shared by HDB Financial Services Collection Associate in Mumbai

3w ago

₹4.5 Lakhs

8 years exp.

1mo ago

₹3.8 Lakhs

12 years exp.

1mo ago

₹4.1 Lakhs

6 years exp.

1mo ago

₹3.6 Lakhs

8 years exp.

3mo ago

₹3.8 Lakhs

6 years exp.

4mo ago

7 years exp.

6mo ago

11 years exp.

7mo ago

10 years exp.

7mo ago

6 years exp.

7mo ago

6 years exp.

Experience wise HDB Financial Services Collection Associate salaries in Mumbai

Last Updated: 15 Mar 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr
1 year (3 salaries)	₹2.6 L/yr - ₹3.8 L/yr
Login to view exact salary
2 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.6 L/yr
3 years (4 salaries)	₹2 L/yr - ₹5.8 L/yr
4 years (4 salaries)	₹2 L/yr - ₹3.9 L/yr
5 years (11 salaries)	₹2 L/yr - ₹3.9 L/yr
6 years (12 salaries)	₹2.2 L/yr - ₹4.1 L/yr
7 years (5 salaries)	₹2.5 L/yr - ₹3.6 L/yr
8 years (4 salaries)	₹3.3 L/yr - ₹4.5 L/yr
9 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹4 L/yr
10 years (5 salaries)	₹3.2 L/yr - ₹3.8 L/yr
11 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.1 L/yr
12 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.1 L/yr

View all

From

Collection Associate

₹

Lakhs/yr

0 - 12 years exp.

Zonal Collection Manager

₹

Lakhs/yr

13 - 22 years exp.

Collection Associate

0 - 12 years exp.

Collections Manager

2 - 17 years exp.

98% hike

Area Collection Manager

9 - 19 years exp.

80% hike

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in HDB Financial Services

Sales Executive Salary

(669 salaries)

₹1 L/yr - ₹5 L/yr

Relationship Manager Salary

(192 salaries)

₹1.4 L/yr - ₹4.6 L/yr

Sales Officer Salary

(141 salaries)

₹1 L/yr - ₹5 L/yr

Collection Officer Salary

(115 salaries)

₹1 L/yr - ₹4.5 L/yr

Relationship Officer Salary

(98 salaries)

₹1.3 L/yr - ₹3.5 L/yr

Senior Associate Salary

(6 salaries)

₹1.7 L/yr - ₹3.5 L/yr

Top skills at HDB Financial Services for Collection Associate

Recovery Collections Collections Collection Management Field Collections Debt Recovery Loan Recovery Commercial Vehicle Personal Loans Cost Management Consumer Durables Recovery Finance Payment Collection Communication Skills

Salary related reviews for HDB Financial Services

3.6

Rated by 12 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

Senior Sales Officer in Kolkata

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 09 Nov 2024

2.0

for Salary and Benefits

Likes

Job secured for a standard term with lesser business. Overall maximum loans disbursement after login with minimum documentation and -cibil also.

Job security - Good

Dislikes

No Work life balance, poor salary, bad behaviors from managers each and every time,groupism.No thankful behavior for hardwork.

Salary - Poor

+3 more

Senior Sales Officer in Palakkad

Full Time

Sales & Business Development Department

4.0

• posted on 08 Nov 2024

4.0

for Salary and Benefits

Likes

Salary and incentive plans

Salary - Good

+4 more

Dislikes

NEED A PROPER TEAM FOR COLLECTION AND RELPL TELE-CALLING CAN BE SPARED FROM CD DPL OFFICERS. Incentive cuting,i did’t received my onam period incentive even after one month.this is a quite bad thing i felt in the company .i am totally disappointed.i worked so hard in those days for the company.it really sad.

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.

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

see more salary related reviews

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What people are saying about HDB Financial Services

View All

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 Collection Associate Salary FAQs

What is the salary of Collection Associate at HDB Financial Services in Mumbai?

The average salary of a Collection Associate at HDB Financial Services in Mumbai typically ranges from ₹2.1 Lakhs to ₹4.5 Lakhs per year, depending on experience (from Fresher to 12 years).

The top 10% of Collection Associate in Mumbai at HDB Financial Services earn more than ₹4.0 Lakhs per year, and the top 1% earn over ₹4.5 Lakhs per year. Collection Associate 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 50+ HDB Financial Services employees in India.

What is the estimated take home salary of a Collection Associate at HDB Financial Services in Mumbai?

The estimated take-home salary of a Collection Associate at HDB Financial Services in Mumbai typically ranges from ₹24,126 to ₹25,578 per month. This is based on the average salary range of ₹2.1 Lakhs to ₹4.5 Lakhs per year for employees with experience ranging from Fresher to 12 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 50+ 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 Collection Associate at HDB Financial Services in Mumbai?

To be a Collection Associate at HDB Financial Services in Mumbai, the key skills required include:

- Recovery
- Collections
- Collections
- Collection Management
- Field Collections

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

Which companies offer higher salaries than HDB Financial Services for Collection Associate in India?

Epicenter Technologies	₹3.8 Lakhs to ₹4.2 Lakhs per year
Shriram Finance	₹3.5 Lakhs to ₹4.1 Lakhs per year
First Credit Services	₹3.0 Lakhs to ₹4.2 Lakhs per year
DCB Bank	₹3.0 Lakhs to ₹3.8 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by HDB Financial Services, depending on the role and experience level.

What is the salary of a Collection Associate in companies similar to HDB Financial Services in Mumbai?

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

Kissht Finance

₹1.8 Lakhs to ₹2.6 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 Collection Associate at HDB Financial Services in Mumbai?

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

Experience	Average Salary Range
Fresher	₹2.8 Lakhs to ₹3.6 Lakhs per year
1 year	₹2.6 Lakhs to ₹3.8 Lakhs per year
2 years	₹2.9 Lakhs to ₹3.6 Lakhs per year
3 years	₹2.0 Lakhs to ₹5.8 Lakhs per year

and so on.

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HDB Financial Services Collection Associate Salaries in Mumbai

HDB Financial Services Collection Associate salary in Mumbai ranges between ₹2.1 Lakhs to ₹4.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 56 HDB Financial Services latest salaries received from various employees of HDB Financial Services.

HDB Financial Services Collection Associate salaries in Mumbai (Updated 2025)

Companies similar to HDB Financial Services for Collection Associate in Mumbai

Latest annual salaries shared by HDB Financial Services Collection Associate in Mumbai

Experience wise HDB Financial Services Collection Associate salaries in Mumbai

Similar Designation salaries in HDB Financial Services

Top skills at HDB Financial Services for Collection Associate

Salary related reviews for HDB Financial Services

Sales Manager in Siwan

Senior Sales Officer in Kolkata

Senior Sales Officer in Palakkad

Sales Officer in Barpeta

Sales Manager in Jaipur

HDB Financial Services Collection Associate Salary FAQs

Tell us how to improve this page.