HDB Financial Services Mumbai Credit Manager Salaries by 40+ Employees (Updated 2025)

1 - 12 years exp.

₹2.7 Lakhs - ₹7 Lakhs

Salary of majority employees

43% less than the average Credit Manager Salary in NBFC Companies for 1 - 12 years of experience

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Salaries in different departments

BFSI, Investments & Trading Credit Manager Salary 1 - 10 years exp. (17 salaries)	₹3.2 L/yr - ₹6.6 L/yr
Finance & Accounting Credit Manager Salary 1 - 11 years exp. (17 salaries)	₹2.7 L/yr - ₹6.3 L/yr
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Risk Management & Compliance Credit Manager Salary 8 years exp. (AmbitionBox Estimate)	₹4.6 L/yr - ₹6.3 L/yr

Last Updated: 29 Dec 2024

Companies similar to HDB Financial Services for Credit Manager in Mumbai

HDB Financial Services Credit Manager Salary

1 - 12 years exp. (43 salaries)

₹2.7 L/yr - ₹7 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Credit Manager Salary 0 - 11 years exp. (452 salaries)	₹4 L/yr - ₹15 L/yr 88% more	7 job openings
ICICI Bank Credit Manager Salary 0 - 11 years exp. (567 salaries)	₹4.3 L/yr - ₹15 L/yr 114% more
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Axis Bank Credit Manager Salary 0 - 13 years exp. (147 salaries)	₹4 L/yr - ₹15.3 L/yr 101% more
Kotak Mahindra Bank Credit Manager Salary 0 - 11 years exp. (241 salaries)	₹4 L/yr - ₹13 L/yr 89% more
State Bank of India Credit Manager Salary 12 - 14 years exp. (6 salaries)	₹12 L/yr - ₹27 L/yr 287% more
Tata Capital Credit Manager Salary 0 - 10 years exp. (80 salaries)	₹3 L/yr - ₹12.4 L/yr 65% more	6 job openings
SMFG India Credit Credit Manager Salary 1 - 11 years exp. (74 salaries)	₹3.2 L/yr - ₹13.3 L/yr 58% more
Aditya Birla Finance Credit Manager Salary 1 - 9 years exp. (56 salaries)	₹4.6 L/yr - ₹12.5 L/yr 56% more
IIFL Finance Credit Manager Salary 0 - 10 years exp. (52 salaries)	₹2.8 L/yr - ₹10.1 L/yr 42% more
Aditya Birla Capital Credit Manager Salary 2 - 9 years exp. (41 salaries)	₹4.5 L/yr - ₹10.8 L/yr 56% more
L&T Finance Credit Manager Salary 2 - 9 years exp. (19 salaries)	₹6 L/yr - ₹12.7 L/yr 89% more
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Edelweiss Credit Manager Salary 0 - 8 years exp. (17 salaries)	₹3.5 L/yr - ₹10.7 L/yr 31% more
Shubham Housing Development Finance Credit Manager Salary 2 - 9 years exp. (15 salaries)	₹2.4 L/yr - ₹5.5 L/yr 12% less
Muthoot Finance Credit Manager Salary 0 - 12 years exp. (12 salaries)	₹3.5 L/yr - ₹6 L/yr 2% more	4 job openings
Sammaan Capital Limited Credit Manager Salary 2 - 8 years exp. (9 salaries)	₹3.5 L/yr - ₹8 L/yr 10% more
Mahindra Finance Credit Manager Salary 5 - 13 years exp. (8 salaries)	₹4.7 L/yr - ₹12.7 L/yr 54% more
Annapurna Finance Credit Manager Salary 4 - 9 years exp. (4 salaries)	₹5 L/yr - ₹6.1 L/yr 8% more
Tata Motors Finance Credit Manager Salary 0 - 12 years exp. (4 salaries)	₹8 L/yr - ₹12 L/yr 117% more
Bajaj Housing Finance Credit Manager Salary 2 - 4 years exp. (3 salaries)	₹3.1 L/yr - ₹5.3 L/yr 5% more
Shriram Finance Credit Manager Salary 5 - 8 years exp. (3 salaries)	₹5.8 L/yr - ₹8.7 L/yr 48% more	2 job openings

Credit Manager salary at HDB Financial Services ranges between ₹2.7 Lakhs to ₹7 Lakhs per year for employees with experience between 1 year to 12 years. Salary estimates are based on 43 latest salaries received from various employees of HDB Financial Services.

Experience wise HDB Financial Services Credit Manager salaries in Mumbai

Last Updated: 29 Dec 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.7 L/yr - ₹4 L/yr
2 years (4 salaries)	₹3.3 L/yr - ₹5.3 L/yr
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3 years (4 salaries)	₹3.2 L/yr - ₹5.3 L/yr
4 years (7 salaries)	₹3.1 L/yr - ₹5 L/yr
5 years (5 salaries)	₹3.2 L/yr - ₹6 L/yr
6 years (4 salaries)	₹3.5 L/yr - ₹6.6 L/yr
7 years (5 salaries)	₹3.4 L/yr - ₹7 L/yr
8 years (5 salaries)	₹3.6 L/yr - ₹9.2 L/yr
9 years (AmbitionBox Estimate)	₹4 L/yr - ₹9.6 L/yr
10 years (4 salaries)	₹4 L/yr - ₹6.3 L/yr
11 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹5.8 L/yr
12 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹10.8 L/yr

View all

From

Credit Manager

₹

Lakhs/yr

0 - 12 years exp.

Zonal Manager

₹

Lakhs/yr

14 - 23 years exp.

Credit Manager 0 - 12 years exp.

Branch Credit Manager 0 - 12 years exp.

8% hike

Branch Manager 6 - 18 years exp.

79% hike

From

3 more levels

Credit Manager

0 - 12 years exp.

Zonal Business Manager

12 - 19 years exp.

View 1 more career path

Similar Designation salaries in HDB Financial Services

Sales Manager Salary

(85 salaries)

₹1.85 L/yr - ₹6.5 L/yr

Deputy Manager Salary

(55 salaries)

₹4 L/yr - ₹12 L/yr

Branch Credit Manager Salary

(45 salaries)

₹3.2 L/yr - ₹7 L/yr

Area Credit Manager Salary

(14 salaries)

₹7 L/yr - ₹15.1 L/yr

Credit Officer Salary

(6 salaries)

₹2 L/yr - ₹3.7 L/yr

Zonal Credit Manager Salary

(4 salaries)

₹24.35 L/yr - ₹28 L/yr

Top skills at HDB Financial Services for Credit Manager

Credit Underwriting Credit Appraisal Credit Management Credit Assessment Credit Credit Administration Commercial Vehicle Credit Analysis Credit Monitoring Underwriting Compliance Commercial Vehicle Loans Policies CVS Lending

Salary related reviews for HDB Financial Services

3.4

Rated by 6 employees for salary & benefits

Credit Manager in Aurangabad

BFSI, Investments & Trading Department

5.0

• posted on 03 May 2018

5.0

for Salary and Benefits

Likes

I would like to say HDB good company to work place, no pressure, good salary growth, career growth, work environment is very good and we can spend our time with family no restrictions to you job to be finished.

Salary - Excellent

+6 more

Dislikes

Nothing

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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HDB Financial Services Credit Manager Salary FAQs

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

Credit Manager salary at HDB Financial Services in Mumbai ranges between ₹2.7 Lakhs to ₹7.0 Lakhs for experience between 1 years to 12 years. According to our estimates it is 43% less than the average Credit Manager Salary in India. Salary estimates are based on 43 latest salaries received from various employees of HDB Financial Services Mumbai.

How does the salary of a Credit Manager at HDB Financial Services Mumbai compare with the average salary range for this job?

The average salary of a Credit Manager at HDB Financial Services is 43% less than the average salary of a Credit Manager in Mumbai. To know exact salary insights, login to view.

What are the top skills required to work as a Credit Manager at HDB Financial Services?

Credit Underwriting, Credit Appraisal, Credit Management, Credit Assessment and Credit are some of the popular skills required to work as a Credit Manager at HDB Financial Services Mumbai.

Which similar companies are paying more than HDB Financial Services to a Credit Manager in Mumbai?

State Bank of India Credit Manager Salary - ₹12.0 Lakhs to ₹27.0 Lakhs per year
Tata Motors Finance Credit Manager Salary - ₹8.0 Lakhs to ₹12.0 Lakhs per year
ICICI Bank Credit Manager Salary - ₹4.3 Lakhs to ₹15.0 Lakhs per year
Axis Bank Credit Manager Salary - ₹4.0 Lakhs to ₹15.3 Lakhs per year
Kotak Mahindra Bank Credit Manager Salary - ₹4.0 Lakhs to ₹13.0 Lakhs per year

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

L&T Finance Credit Manager Salary - ₹6.0 Lakhs to ₹12.7 Lakhs per year
HDFC Bank Credit Manager Salary - ₹4.0 Lakhs to ₹15.0 Lakhs per year
Tata Capital Credit Manager Salary - ₹3.0 Lakhs to ₹12.4 Lakhs per year
SMFG India Credit Credit Manager Salary - ₹3.2 Lakhs to ₹13.3 Lakhs per year
Aditya Birla Finance Credit Manager Salary - ₹4.6 Lakhs to ₹12.5 Lakhs per year

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

The estimated take-home salary of a Credit Manager at HDB Financial Services ranges between ₹35,049 per month to ₹36,288 per month in Mumbai. The take-home salary calculation is based on the average HDB Financial Services Credit Manager salary in India which ranges between ₹2.7 Lakhs to ₹7.0 Lakhs per year for employees with experience between 1 years to 12 years. Check how did we calculate take home salary?

What is the notice period for Credit Manager at HDB Financial Services in Mumbai?

According to AmbitionBox, 84% of the HDB Financial Services Credit Managers in Mumbai reported a notice period of 3 Months, 11% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 19 responses on AmbitionBox in last 2 years.

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HDB Financial Services Credit Manager Salaries in Mumbai

HDB Financial Services Credit Manager salary in Mumbai ranges between ₹2.7 Lakhs to ₹7 Lakhs with an average annual salary of ₹. Salary estimates are based on 43 HDB Financial Services latest salaries received from various employees of HDB Financial Services.