HDB Financial Services Mumbai Credit Manager Salaries by 40+ Employees (Updated 2024)

1 - 12 years exp.

₹2.7 Lakhs - ₹7 Lakhs

Salary of majority employees

41% less than the average Credit Manager Salary in NBFC Companies for 1 - 12 years of experience

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Salaries in different departments

Finance & Accounting Credit Manager Salary 1 - 11 years exp. (18 salaries)	₹2.7 L/yr - ₹6.3 L/yr
BFSI, Investments & Trading Credit Manager Salary 1 - 9 years exp. (17 salaries)	₹3.2 L/yr - ₹6.6 L/yr
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Risk Management & Compliance Credit Manager Salary 8 years exp. (AmbitionBox Estimate)	₹4.6 L/yr - ₹6 L/yr

Last Updated: 9 Dec 2024

Companies similar to HDB Financial Services for Credit Manager in Mumbai

HDB Financial Services Credit Manager Salary

1 - 12 years exp. (45 salaries)

₹2.7 L/yr - ₹7 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Credit Manager Salary 0 - 12 years exp. (442 salaries)	₹4 L/yr - ₹14 L/yr 94% more	4 job openings
ICICI Bank Credit Manager Salary 0 - 11 years exp. (561 salaries)	₹4.3 L/yr - ₹15.2 L/yr 107% more
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Axis Bank Credit Manager Salary 0 - 13 years exp. (143 salaries)	₹4 L/yr - ₹14.9 L/yr 94% more
Kotak Mahindra Bank Credit Manager Salary 0 - 11 years exp. (238 salaries)	₹3.8 L/yr - ₹15.2 L/yr 78% more
State Bank of India Credit Manager Salary 3 - 14 years exp. (8 salaries)	₹12 L/yr - ₹27 L/yr 280% more
Tata Capital Credit Manager Salary 0 - 11 years exp. (77 salaries)	₹4.5 L/yr - ₹12.4 L/yr 70% more	10 job openings
SMFG India Credit Credit Manager Salary 1 - 12 years exp. (70 salaries)	₹3.2 L/yr - ₹13 L/yr 55% more
Aditya Birla Finance Credit Manager Salary 1 - 9 years exp. (54 salaries)	₹4.6 L/yr - ₹12.5 L/yr 54% more
Aditya Birla Capital Credit Manager Salary 2 - 10 years exp. (40 salaries)	₹4.5 L/yr - ₹10.8 L/yr 41% more
IIFL Finance Credit Manager Salary 0 - 7 years exp. (38 salaries)	₹2.8 L/yr - ₹10.1 L/yr 38% more
L&T Finance Credit Manager Salary 2 - 9 years exp. (19 salaries)	₹6 L/yr - ₹14 L/yr 86% more
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Edelweiss Credit Manager Salary 0 - 6 years exp. (17 salaries)	₹3.5 L/yr - ₹11.5 L/yr 39% more
Shubham Housing Development Finance Credit Manager Salary 1 - 12 years exp. (16 salaries)	₹2.4 L/yr - ₹6 L/yr 6% less	1 job opening
Sammaan Capital Limited Credit Manager Salary 2 - 8 years exp. (11 salaries)	₹3.5 L/yr - ₹8 L/yr 3% more
Muthoot Finance Credit Manager Salary 0 - 8 years exp. (9 salaries)	₹3.5 L/yr - ₹6 L/yr 3% more	2 job openings
Mahindra Finance Credit Manager Salary 5 - 13 years exp. (8 salaries)	₹4.7 L/yr - ₹12.7 L/yr 75% more
Shriram Finance Credit Manager Salary 5 - 12 years exp. (4 salaries)	₹3.1 L/yr - ₹8.7 L/yr 51% more	3 job openings
Bajaj Housing Finance Credit Manager Salary 2 - 4 years exp. (3 salaries)	₹3.1 L/yr - ₹5.3 L/yr 4% less
Annapurna Finance Credit Manager Salary 4 - 9 years exp. (3 salaries)	₹5 L/yr - ₹5.5 L/yr 5% 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 45 latest salaries received from various employees of HDB Financial Services.

Experience wise HDB Financial Services Credit Manager salaries in Mumbai

Last Updated: 9 Dec 2024

Experience	Avg Annual Salary
1 year (3 salaries)	₹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 (6 salaries)	₹3 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 - ₹9.3 L/yr
9 years (AmbitionBox Estimate)	₹4 L/yr - ₹9.6 L/yr
10 years (3 salaries)	₹2.2 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 - ₹10.6 L/yr

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Similar Designation salaries in HDB Financial Services

Sales Manager Salary

(90 salaries)

₹1.85 L/yr - ₹6.5 L/yr

Deputy Manager Salary

(52 salaries)

₹3 L/yr - ₹9.1 L/yr

Branch Credit Manager Salary

(49 salaries)

₹3.2 L/yr - ₹7 L/yr

Branch Manager Salary

(29 salaries)

₹6.5 L/yr - ₹14 L/yr

Area Credit Manager Salary

(16 salaries)

₹7 L/yr - ₹17.45 L/yr

Credit Officer Salary

(6 salaries)

₹1.2 L/yr - ₹3.5 L/yr

Zonal Credit Manager Salary

(4 salaries)

₹24.35 L/yr - ₹28 L/yr

Credit Analyst Salary

(3 salaries)

₹2.5 L/yr - ₹3.8 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.

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:

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.

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.

Branch Credit Manager in Kolkata

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 12 Oct 2024

2.0

for Salary and Benefits

Likes

...o like. Business teams are leading here. Business teams behaves like dog to BCM. Only on time salary is good thing

Dislikes

No value for credit in specially West Bengal lending department.No support for credit department. Business team from zonal level forceful to Branch credit level. Even working on credit department you will feel like you are working on sales. Even credit manager gets pressure more than any sales manager. Credit Manager leaves office every day at 10pm and at month end 3am at night.Even works on Saturday and Sunday

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

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a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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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 41% less than the average Credit Manager Salary in India. Salary estimates are based on 45 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 41% 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 ₹15.2 Lakhs per year
HDFC Bank Credit Manager Salary - ₹4.0 Lakhs to ₹14.0 Lakhs per year
Axis Bank Credit Manager Salary - ₹4.0 Lakhs to ₹14.9 Lakhs per year
L&T Finance Credit Manager Salary - ₹6.0 Lakhs to ₹14.0 Lakhs per year

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

Kotak Mahindra Bank Credit Manager Salary - ₹3.8 Lakhs to ₹15.2 Lakhs per year
Mahindra Finance Credit Manager Salary - ₹4.7 Lakhs to ₹12.7 Lakhs per year
Tata Capital Credit Manager Salary - ₹4.5 Lakhs to ₹12.4 Lakhs per year
SMFG India Credit Credit Manager Salary - ₹3.2 Lakhs to ₹13.0 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 ₹35,713 per month to ₹36,942 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 45 HDB Financial Services latest salaries received from various employees of HDB Financial Services.