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

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42% 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)	Unlock ₹3.2 L/yr - ₹6.6 L/yr
Finance & Accounting Credit Manager Salary 1 - 11 years exp. (17 salaries)	Unlock ₹2.7 L/yr - ₹6.3 L/yr
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Risk Management & Compliance Credit Manager Salary 8 years exp. (AmbitionBox Estimate)	Unlock ₹4.6 L/yr - ₹6.1 L/yr

Last Updated: 1 Mar 2025

Companies similar to HDB Financial Services for Credit Manager in Mumbai

HDB Financial Services Credit Manager Salary

1 - 12 years exp. (44 salaries)

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₹2.7 L/yr - ₹7 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Credit Manager Salary 0 - 11 years exp. (451 salaries)	Unlock ₹4 L/yr - ₹15 L/yr 95% more	3 job openings
ICICI Bank Credit Manager Salary 0 - 11 years exp. (562 salaries)	Unlock ₹4.3 L/yr - ₹17.4 L/yr 108% more
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Axis Bank Credit Manager Salary 0 - 12 years exp. (148 salaries)	Unlock ₹4 L/yr - ₹15.3 L/yr 95% more
Kotak Mahindra Bank Credit Manager Salary 0 - 11 years exp. (237 salaries)	Unlock ₹3.7 L/yr - ₹13 L/yr 74% more
State Bank of India Credit Manager Salary 12 - 14 years exp. (6 salaries)	Unlock ₹12 L/yr - ₹27 L/yr 302% more
Tata Capital Credit Manager Salary 0 - 9 years exp. (77 salaries)	Unlock ₹3.7 L/yr - ₹12.4 L/yr 66% more	7 job openings
SMFG India Credit Credit Manager Salary 1 - 11 years exp. (71 salaries)	Unlock ₹3.2 L/yr - ₹13.3 L/yr 57% more
Aditya Birla Finance Credit Manager Salary 1 - 9 years exp. (55 salaries)	Unlock ₹4.6 L/yr - ₹12.6 L/yr 53% more
IIFL Finance Credit Manager Salary 0 - 10 years exp. (48 salaries)	Unlock ₹2.8 L/yr - ₹10.1 L/yr 48% more
Aditya Birla Capital Credit Manager Salary 2 - 9 years exp. (39 salaries)	Unlock ₹4.5 L/yr - ₹10.8 L/yr 56% more
L&T Finance Credit Manager Salary 2 - 9 years exp. (19 salaries)	Unlock ₹6 L/yr - ₹12.7 L/yr 86% more
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Edelweiss Credit Manager Salary 0 - 8 years exp. (17 salaries)	Unlock ₹3.5 L/yr - ₹10.7 L/yr 30% more
Shubham Housing Development Finance Credit Manager Salary 2 - 9 years exp. (15 salaries)	Unlock ₹2.4 L/yr - ₹5.5 L/yr 13% less
Muthoot Finance Credit Manager Salary 0 - 12 years exp. (12 salaries)	Unlock ₹3.5 L/yr - ₹6 L/yr At par	1 job opening
Mahindra Finance Credit Manager Salary 5 - 13 years exp. (9 salaries)	Unlock ₹4.7 L/yr - ₹12.2 L/yr 48% more
Sammaan Capital Limited Credit Manager Salary 2 - 8 years exp. (9 salaries)	Unlock ₹3.5 L/yr - ₹8 L/yr 9% more
Tata Motors Finance Credit Manager Salary 0 - 12 years exp. (5 salaries)	Unlock ₹8 L/yr - ₹12.8 L/yr 88% more
Bajaj Housing Finance Credit Manager Salary 1 - 4 years exp. (4 salaries)	Unlock ₹3.1 L/yr - ₹10 L/yr 8% more
Shriram Finance Credit Manager Salary 5 - 12 years exp. (4 salaries)	Unlock ₹3.1 L/yr - ₹8.7 L/yr 48% more	2 job openings
Annapurna Finance Credit Manager Salary 4 - 9 years exp. (3 salaries)	Unlock ₹5 L/yr - ₹5.5 L/yr 6% more

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 44 latest salaries received from various employees of HDB Financial Services.

Latest annual salaries shared by HDB Financial Services Credit Manager in Mumbai

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10 years exp.

2mo ago

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10 years exp.

3mo ago

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7 years exp.

3mo ago

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4 years exp.

3mo ago

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11 years exp.

4mo ago

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7 years exp.

5mo ago

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2 years exp.

6mo ago

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6 years exp.

6mo ago

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6 years exp.

8mo ago

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9 years exp.

Experience wise HDB Financial Services Credit Manager salaries in Mumbai

Last Updated: 1 Mar 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	Unlock ₹2.7 L/yr - ₹4 L/yr
2 years (4 salaries)	Unlock ₹3.3 L/yr - ₹5.3 L/yr
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3 years (4 salaries)	Unlock ₹3.2 L/yr - ₹5.3 L/yr
4 years (7 salaries)	Unlock ₹3.1 L/yr - ₹5 L/yr
5 years (5 salaries)	Unlock ₹3.2 L/yr - ₹6 L/yr
6 years (4 salaries)	Unlock ₹3.5 L/yr - ₹6.6 L/yr
7 years (5 salaries)	Unlock ₹3.4 L/yr - ₹7 L/yr
8 years (5 salaries)	Unlock ₹3.6 L/yr - ₹9.3 L/yr
9 years (AmbitionBox Estimate)	Unlock ₹4 L/yr - ₹9.6 L/yr
10 years (5 salaries)	Unlock ₹4 L/yr - ₹6.3 L/yr
11 years (AmbitionBox Estimate)	Unlock ₹2.3 L/yr - ₹5.8 L/yr
12 years (AmbitionBox Estimate)	Unlock ₹5.9 L/yr - ₹10.7 L/yr

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From

Credit Manager

₹

Lakhs/yr

0 - 12 years exp.

Zonal Business Manager

₹

Lakhs/yr

11 - 19 years exp.

Credit Manager

0 - 12 years exp.

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Branch Credit Manager

0 - 13 years exp.

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11% hike

Branch Manager

6 - 18 years exp.

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79% hike

From

View 3 more levels

Credit Manager

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0 - 12 years exp.

Zonal Manager

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14 - 22 years exp.

From

View 2 more levels

Credit Manager

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0 - 12 years exp.

Cluster Credit Manager

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13 - 20 years exp.

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 Manager Salary

(87 salaries)

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₹1.85 L/yr - ₹6.5 L/yr

Branch Credit Manager Salary

(48 salaries)

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₹3.2 L/yr - ₹7 L/yr

Deputy Manager Salary

(45 salaries)

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₹4 L/yr - ₹9.1 L/yr

Area Credit Manager Salary

(14 salaries)

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₹7 L/yr - ₹17.45 L/yr

Credit Officer Salary

(6 salaries)

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₹2 L/yr - ₹3.7 L/yr

Zonal Credit Manager Salary

(4 salaries)

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₹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

3.3

Rated by 7 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 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

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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 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 42% less than the average Credit Manager Salary in India. Salary estimates are based on 44 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 42% 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
ICICI Bank Credit Manager Salary - ₹4.3 Lakhs to ₹17.4 Lakhs per year
Axis Bank Credit Manager Salary - ₹4.0 Lakhs to ₹15.3 Lakhs per year
HDFC Bank Credit Manager Salary - ₹4.0 Lakhs to ₹15.0 Lakhs per year
Tata Motors Finance Credit Manager Salary - ₹8.0 Lakhs to ₹12.8 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
Kotak Mahindra Bank Credit Manager Salary - ₹3.7 Lakhs to ₹13.0 Lakhs per year
Tata Capital Credit Manager Salary - ₹3.7 Lakhs to ₹12.4 Lakhs per year
SMFG India Credit Credit Manager Salary - ₹3.2 Lakhs to ₹13.3 Lakhs per year
Aditya Birla Capital Credit Manager Salary - ₹4.5 Lakhs to ₹10.8 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 ₹35,592 per month to ₹36,823 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, 83% 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 18 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 44 HDB Financial Services latest salaries received from various employees of HDB Financial Services.