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HDB Financial Services

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4.0

based on 19.7k Reviews

Proud winner of ABECA 2024 - AmbitionBox Employee Choice Awards

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HDB Financial Services Collection Associate salaries in Mumbai

Annual salary range
1 - 11 years exp.
₹2.1 Lakhs - ₹4.2 Lakhs
Salary of majority employees
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6% more than the average Collection Associate Salary in NBFC Companies for 1 - 11 years of experience

Interested in this particular role? 3 job openings

Salaries in different departments

BFSI, Investments & Trading
Collection Associate Salary
3 - 10 years exp. (17 salaries)
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₹2.1 L/yr - ₹4.2 L/yr

Finance & Accounting
Collection Associate Salary
2 - 11 years exp. (13 salaries)
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₹2.5 L/yr - ₹4.1 L/yr

Risk Management & Compliance
Collection Associate Salary
4 - 6 years exp. (3 salaries)
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₹2.5 L/yr - ₹3.4 L/yr

Sales & Business Development
Collection Associate Salary
4 - 6 years exp. (AmbitionBox Estimate)
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₹2.2 L/yr - ₹3.4 L/yr

Last Updated: 4 Jan 2025

Companies similar to HDB Financial Services for Collection Associate in Mumbai

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HDB Financial Services Collection Associate Salary

1 - 11 years exp. (51 salaries)

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₹2.1 L/yr - ₹4.2 L/yr

vs
Company name Avg Annual Salary Open Jobs
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Shriram Finance Collection Associate Salary

4 - 6 years exp. (3 salaries)

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₹3.5 L/yr - ₹4.1 L/yr

arrow icon 13% more
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₹3 L/yr - ₹4.2 L/yr

arrow icon 9% more
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DCB Bank Collection Associate Salary

3 - 6 years exp. (4 salaries)

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₹3 L/yr - ₹3.8 L/yr

arrow icon 6% more
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Kissht Finance Collection Associate Salary

0 - 3 years exp. (4 salaries)

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₹1.8 L/yr - ₹2.6 L/yr

arrow icon 35% less
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₹2 L/yr - ₹4.2 L/yr

arrow icon 8% more
Collection Associate salary at HDB Financial Services ranges between ₹2.1 Lakhs to ₹4.2 Lakhs per year for employees with experience between 1 year to 11 years. Salary estimates are based on 51 latest salaries received from various employees of HDB Financial Services.

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

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Experience wise HDB Financial Services Collection Associate salaries in Mumbai

Last Updated: 4 Jan 2025

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹2.6 L/yr - ₹5.5 L/yr
2 years (AmbitionBox Estimate)

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₹2.5 L/yr - ₹5.6 L/yr
3 years  (4 salaries)

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₹2 L/yr - ₹5.7 L/yr
4 years  (5 salaries)

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₹2 L/yr - ₹3.9 L/yr
5 years  (12 salaries)

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₹2 L/yr - ₹3.9 L/yr
View all
HDB Financial Services Collection Associate Salary and Career Growth

From

To

Collection Associate

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0 - 12 years exp.

Zonal Collection Manager

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13 - 25 years exp.

Collection Associate 0 - 12 years exp.
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Collections Manager 1 - 17 years exp.
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arrow icon 100% hike
Area Collection Manager 9 - 19 years exp.
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arrow icon 85% hike

View more

Similar Designation salaries in HDB Financial Services

Sales Executive Salary
(687 salaries)
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₹1 L/yr - ₹5 L/yr
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₹1.65 L/yr - ₹4.5 L/yr
Sales Officer Salary
(146 salaries)
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₹1 L/yr - ₹5 L/yr
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₹1 L/yr - ₹4.5 L/yr
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₹1.3 L/yr - ₹4.2 L/yr
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₹1.7 L/yr - ₹3.5 L/yr

Top skills at HDB Financial Services for Collection Associate

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

Salary related reviews for HDB Financial Services

4.0

Rated by 12 employees for salary & benefits

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.

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Dislikes

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

read more

Full Time

 · 

Sales & Business Development Department

4.0
  •  posted on 08 Nov 2024

4.0
 for  Salary and Benefits

Likes

Salary and incentive plans

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.

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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:

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Dislikes

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

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Full Time

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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

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Full Time

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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 .

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HDB Financial Services Collection Associate Salary FAQs

What is the salary of Collection Associate at HDB Financial Services Mumbai?
Collection Associate salary at HDB Financial Services in Mumbai ranges between ₹2.1 Lakhs to ₹4.2 Lakhs for experience between 1 years to 11 years. According to our estimates it is 6% more than the average Collection Associate Salary in India. Salary estimates are based on 51 latest salaries received from various employees of HDB Financial Services Mumbai.
How does the salary of a Collection Associate at HDB Financial Services Mumbai compare with the average salary range for this job?
The average salary of a Collection Associate at HDB Financial Services is 6% more than the average salary of a Collection Associate in Mumbai. To know exact salary insights, login to view.
What are the top skills required to work as a Collection Associate at HDB Financial Services?
Recovery, Collections, Collection Management, Debt Recovery and Collections are some of the popular skills required to work as a Collection Associate at HDB Financial Services Mumbai.
Which similar companies are paying more than HDB Financial Services to a Collection Associate in Mumbai?
  • Shriram Finance Collection Associate Salary - ₹3.5 Lakhs to ₹4.1 Lakhs per year
  • First Credit Services Collection Associate Salary - ₹3.0 Lakhs to ₹4.2 Lakhs per year
  • Epicenter Technologies Collection Associate Salary - ₹2.0 Lakhs to ₹4.2 Lakhs per year
  • DCB Bank Collection Associate Salary - ₹3.0 Lakhs to ₹3.8 Lakhs per year
What is the salary of a Collection Associate in companies similar to HDB Financial Services in Mumbai?
  • Kissht Finance Collection Associate Salary - ₹1.8 Lakhs to ₹2.6 Lakhs per year
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 ranges between ₹23,433 per month to ₹24,895 per month in Mumbai. The take-home salary calculation is based on the average HDB Financial Services Collection Associate salary in India which ranges between ₹2.1 Lakhs to ₹4.2 Lakhs per year for employees with experience between 1 years to 11 years. Check how did we calculate take home salary?
What is the notice period for Collection Associate at HDB Financial Services in Mumbai?
According to AmbitionBox, 61% of the HDB Financial Services Collection Associates in Mumbai reported a notice period of 3 Months, 22% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 36 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

HDB Financial Services Collection Associate salary in Mumbai ranges between ₹2.1 Lakhs to ₹4.2 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 51 HDB Financial Services latest salaries received from various employees of HDB Financial Services.