HDB Financial Services Credit Associate Salaries by 6 Employees

0 - 3 years exp.

₹1.9 Lakh - ₹2.5 Lakhs

Low Confidence

Salary of majority employees

53% less than the average Credit Associate Salary in NBFC Companies for 0 - 3 years of experience

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Salaries in different departments

BFSI, Investments & Trading Credit Associate Salary 0 - 1 year exp. (3 salaries)	₹2 L/yr - ₹2.1 L/yr
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Finance & Accounting Credit Associate Salary 0 - 3 years exp. (3 salaries)	₹1.9 L/yr - ₹2.5 L/yr

Last Updated: 16 Mar 2023

Companies similar to HDB Financial Services for Credit Associate

Company name	Avg Annual Salary	Open Jobs
IIFL Finance Credit Associate Salary 1 - 4 years exp. (5 salaries)	₹2 L/yr - ₹3 L/yr 21% more
Hero FinCorp Credit Associate Salary 4 - 6 years exp. (5 salaries)	₹4 L/yr - ₹7.2 L/yr 153% more
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Muthoot Finance Credit Associate Salary 3 - 5 years exp. (5 salaries)	₹2.9 L/yr - ₹3.1 L/yr 44% more
SMFG India Credit Credit Associate Salary 2 - 4 years exp. (5 salaries)	₹2.2 L/yr - ₹4 L/yr 31% more
Mahindra Finance Credit Associate Salary 2 - 3 years exp. (4 salaries)	₹1.1 L/yr - ₹1.9 L/yr 19% less
Aditya Birla Finance Credit Associate Salary 3 - 5 years exp. (3 salaries)	₹3 L/yr - ₹3.5 L/yr 60% more

Credit Associate salary at HDB Financial Services ranges between ₹1.9 Lakh to ₹2.5 Lakhs per year for employees with less than 1 year of experience to 3 years. Salary estimates are based on 6 latest salaries received from various employees of HDB Financial Services.

Experience wise HDB Financial Services Credit Associate salaries

Last Updated: 16 Mar 2023

Experience	Avg Annual Salary
Fresher (3 salaries)	₹2 L/yr - ₹2.5 L/yr
1 year (AmbitionBox Estimate)	₹2 L/yr - ₹3.8 L/yr
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2 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.3 L/yr
3 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹1.9 L/yr

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Top skills at HDB Financial Services for Credit Associate

Operations Back Office Credit Underwriting Credit Credit Operations Back Office Operations Credit Appraisal Document Verification Credit Assessment Coordination Office Coordination Finance Operational Excellence Excel MIS Reporting

Salary related reviews for HDB Financial Services

1.3

Rated by 2 employees for salary & benefits

Relationship Manager in New Delhi

Full Time

Sales & Business Development Department

3.0

• posted on 18 Jun 2024

4.0

for Salary and Benefits

Likes

They give you salary on time and infrastructure is good.

Salary - Good

+1 more

Dislikes

People are very rude .they will torture you until you left the company and manager are very unethical they don't know how to talk to their employees.

Skill development - Poor

+2 more

Relationship Manager in Bhubaneswar

Full Time

Finance & Accounting Department

4.0

• posted on 17 Feb 2025

4.0

for Salary and Benefits

Likes

supportive, family-like, and encouraging of internal growth, with good opportunities for career advancement, along with competitive incentives and on-time salary payments

Salary - Good

+6 more

Dislikes

intense pressure to meet high sales targets, poor work-life balance, low salary, lack of career growth opportunities, rigid company culture, excessive manual work, and a perceived lack of support from management.

Relationship Manager in Kolkata

Full Time

Sales & Business Development Department

3.0

• posted on 30 Jul 2022

5.0

for Salary and Benefits

Likes

I am working as a relationship manager for HDFC Bank under HDB payroll. Only good thing is every month we get salary on time.

Salary - Excellent

+1 more

Dislikes

TM behaviour is very poor. And training is not done properly. That's why we are not clear about everything. And working time is 09:00 am to 06:30 pm

Skill development - Bad

+3 more

Relationship Manager in Asansol

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 17 Jun 2022

1.0

for Salary and Benefits

Likes

...y going to kick you out unless you follow policies. Cons: Rest all are Cons e.g. Lesser salary,No TA,Poor incentive structure.Work Life balance is worst. Above mentioned review Is for Lending verticals Only.

Skill development - Excellent

+2 more

Dislikes

Mentioned

Salary - Bad

+3 more

Management Trainee in New Delhi

Full Time

Sales & Business Development Department

2.0

• posted on 03 Aug 2020

1.0

for Salary and Benefits

Likes

They were not support anything only say salary hold h

Dislikes

...il of the customer and in Delhi one HR is very bad he always like a Dictator Mr.Siddharth Talwakar always give only one word to the employee I hold your salary this type of working culture and one thing company didn't get any feedback to the employee may be junior employee is right. I believe some one said that boss is always write in this case Mr.Siddharth but I give lot of thanks to all members of HDB FINANCIAL SERVICES LTD Family I always respect and I quit the job of HDB searching new job.

Salary - Bad

+5 more

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What people are saying about HDB Financial Services

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a credit manager

Rat Race 9 to 5 Really?

Bhai kon kehta he ki rate race me job 9 to 5 ki hoti he? Kabhi NBFC company me aake dekho..... Yaha job 9 to 9 ki hoti he!... Regards, A Credit Manager At Upper layer NBFC Company

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HDB Financial Services Credit Associate Salary FAQs

What is the salary of Credit Associate at HDB Financial Services ?

The average salary of a Credit Associate at HDB Financial Services in India typically ranges from ₹1.9 Lakhs to ₹2.5 Lakhs per year, depending on experience (from Fresher to 3 years).

The top 10% of Credit Associate at HDB Financial Services earn more than ₹2.5 Lakhs per year, and the top 1% earn over ₹2.5 Lakhs per year. Credit 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 6 HDB Financial Services employees in India.

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

The estimated take-home salary of a Credit Associate at HDB Financial Services in India typically ranges from ₹14,341 to ₹15,852 per month. This is based on the average salary range of ₹1.9 Lakhs to ₹2.5 Lakhs per year for employees with experience ranging from Fresher to 3 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 6 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 Credit Associate at HDB Financial Services ?

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

- Operations
- Back Office
- Credit Underwriting
- Credit
- Credit Operations

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 Credit Associate in India?

Hero FinCorp	₹4.0 Lakhs to ₹7.2 Lakhs per year
Aditya Birla Finance	₹3.0 Lakhs to ₹3.5 Lakhs per year
Muthoot Finance	₹2.9 Lakhs to ₹3.1 Lakhs per year
SMFG India Credit	₹2.2 Lakhs to ₹4.0 Lakhs per year
IIFL Finance	₹2.0 Lakhs to ₹3.0 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 Credit Associate in companies similar to HDB Financial Services in India?

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

Mahindra Finance

₹1.1 Lakhs to ₹1.9 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 Associate at HDB Financial Services in India?

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

Experience	Average Salary Range
Fresher	₹2.0 Lakhs to ₹2.5 Lakhs per year
1 year	₹2.0 Lakhs to ₹3.8 Lakhs per year
2 years	₹1.8 Lakhs to ₹2.3 Lakhs per year
3 years	₹1.9 Lakhs to ₹1.9 Lakhs per year

and so on.

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HDB Financial Services Credit Associate Salaries

HDB Financial Services Credit Associate salary in India ranges between ₹1.9 Lakh to ₹2.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 HDB Financial Services latest salaries received from various employees of HDB Financial Services.