HDB Financial Services Mumbai Credit Officer Salaries by 8 Employees (Updated 2025)

1 - 6 years exp.

₹2 Lakhs - ₹3.7 Lakhs

Avg. annual salary

Monthly In-hand Salary

32% less than the average Credit Officer Salary in NBFC Companies for 1 - 6 years of experience

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Salaries in different departments

Finance & Accounting Credit Officer Salary 1 - 6 years exp. (5 salaries)	₹2 L/yr - ₹3.5 L/yr
BFSI, Investments & Trading Credit Officer Salary 1 - 5 years exp. (AmbitionBox Estimate)	₹2 L/yr - ₹3.7 L/yr
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Customer Success, Service & Operations Credit Officer Salary 1 year exp. (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.4 L/yr

Last Updated: 5 Apr 2025

Companies similar to HDB Financial Services for Credit Officer in Mumbai

HDB Financial Services Credit Officer Salary

1 - 6 years exp. (8 salaries)

₹2 L/yr - ₹3.7 L/yr

Company name	Avg Annual Salary	Open Jobs
L&T Finance Credit Officer Salary 0 - 6 years exp. (12 salaries)	₹2.2 L/yr - ₹3.8 L/yr 9% more
SMFG India Credit Credit Officer Salary 0 - 5 years exp. (11 salaries)	₹2.2 L/yr - ₹3.5 L/yr 2% less
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Shriram Finance Credit Officer Salary 2 - 8 years exp. (9 salaries)	₹2 L/yr - ₹3.6 L/yr 5% less
Muthoot Fincorp Credit Officer Salary 0 - 5 years exp. (6 salaries)	₹1.9 L/yr - ₹4 L/yr 3% more
Shubham Housing Development Finance Credit Officer Salary 1 - 7 years exp. (5 salaries)	₹2.7 L/yr - ₹3.6 L/yr 1% more
IIFL Finance Credit Officer Salary 2 - 6 years exp. (3 salaries)	₹2.2 L/yr - ₹3.5 L/yr 3% less
Tata Motors Finance Credit Officer Salary 1 - 3 years exp. (3 salaries)	₹1.4 L/yr - ₹1.6 L/yr 49% less

Credit Officer salary at HDB Financial Services ranges between ₹2 Lakhs to ₹3.7 Lakhs per year for employees with experience between 1 year to 6 years. Salary estimates are based on 8 latest salaries received from various employees of HDB Financial Services.

Experience wise HDB Financial Services Credit Officer salaries in Mumbai

Last Updated: 5 Apr 2025

Experience	Avg Annual Salary
1 year (4 salaries)	₹2 L/yr - ₹2.6 L/yr
2 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹3 L/yr
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3 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr
4 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.4 L/yr
5 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr
6 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.8 L/yr

View all

From

Credit Officer

₹

Lakhs/yr

1 - 7 years exp.

Zonal Business Manager

₹

Lakhs/yr

11 - 19 years exp.

Credit Officer

1 - 7 years exp.

Credit Relationship Manager

0 - 11 years exp.

29% hike

Branch Credit Manager

0 - 13 years exp.

47% hike

From

View 4 more levels

Credit Officer

1 - 7 years exp.

Zonal Manager

16 - 23 years exp.

From

View 3 more levels

Credit Officer

1 - 7 years exp.

Cluster Credit Manager

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

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(141 salaries)

₹1 L/yr - ₹5 L/yr

Officer Salary

(102 salaries)

₹1.5 L/yr - ₹4.65 L/yr

Deputy Manager Salary

(55 salaries)

₹3 L/yr - ₹9.1 L/yr

Credit Manager Salary

(44 salaries)

₹2.7 L/yr - ₹7 L/yr

Area Credit Manager Salary

(12 salaries)

₹7 L/yr - ₹15.1 L/yr

Credit Underwriter Salary

(9 salaries)

₹3 L/yr - ₹4.6 L/yr

Credit Executive Salary

(4 salaries)

₹1.8 L/yr - ₹2.17 L/yr

Salary related reviews for HDB Financial Services

1.4

Rated by 2 employees for salary & benefits

Credit Officer in Vasai

Finance & Accounting Department

2.0

• posted on 09 Sep 2020

2.0

for Salary and Benefits

Likes

I like that i got about product knowledge.

Dislikes

Company is not thinking about employees. There is politics. Salary is not increaed since 2 yrs. Saturday and sunday is having holidays. But they are telling employee to come for work. There is slow process of loan

Salary - Poor

+3 more

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

see more salary related reviews

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What people are saying about HDB Financial Services

View All

a manager

Ambiguity in JOB offer.

I recently changed my Job as Business Manager with Arka Fincap, but some how I also selected as BM(Branch manager) with HDB financial and Varthana finance. I am very confused, to what I will do. CTC would be same approximately. Suggest me right decision with reason... 1. I can continue with Arka Fincap. 2. Will join HDB financial as BM. 3. Will join Varthana finance as BM. Your feedback will be appreciated.

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HDB Financial Services Credit Officer Salary FAQs

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

The average salary of a Credit Officer at HDB Financial Services in Mumbai typically ranges from ₹2.0 Lakhs to ₹3.7 Lakhs per year, depending on experience (from 1 year to 6 years).

The top 10% of Credit Officer in Mumbai at HDB Financial Services earn more than ₹3.6 Lakhs per year, and the top 1% earn over ₹3.7 Lakhs per year. Credit Officer 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 8 HDB Financial Services employees in India.

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

The estimated take-home salary of a Credit Officer at HDB Financial Services in Mumbai typically ranges from ₹21,126 to ₹22,772 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹3.7 Lakhs per year for employees with experience ranging from 1 year to 6 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 8 salaries received from various employees of HDB Financial Services. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than HDB Financial Services for Credit Officer in India?

L&T Finance	₹2.2 Lakhs to ₹3.8 Lakhs per year
Muthoot Fincorp	₹1.9 Lakhs to ₹4.0 Lakhs per year
Shubham Housing Development Finance	₹2.7 Lakhs to ₹3.6 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 Officer in companies similar to HDB Financial Services in Mumbai?

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

SMFG India Credit	₹2.2 Lakhs to ₹3.5 Lakhs per year
IIFL Finance	₹2.2 Lakhs to ₹3.5 Lakhs per year
Shriram Finance	₹2.0 Lakhs to ₹3.6 Lakhs per year
Tata Motors Finance	₹1.4 Lakhs to ₹1.6 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 Officer at HDB Financial Services in Mumbai?

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

Experience	Average Salary Range
1 year	₹2.0 Lakhs to ₹2.6 Lakhs per year
2 years	₹2.4 Lakhs to ₹3.0 Lakhs per year
3 years	₹2.5 Lakhs to ₹3.2 Lakhs per year
4 years	₹2.7 Lakhs to ₹3.4 Lakhs per year

and so on.

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HDB Financial Services Credit Officer Salaries in Mumbai

HDB Financial Services Credit Officer salary in Mumbai ranges between ₹2 Lakhs to ₹3.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 HDB Financial Services latest salaries received from various employees of HDB Financial Services.