HDB Financial Services Mumbai Credit Underwriter Salaries by 9 Employees (Updated 2025)

2 - 6 years exp.

₹3 Lakhs - ₹4.6 Lakhs

Salary of majority employees

31% less than the average Credit Underwriter Salary in NBFC Companies for 2 - 6 years of experience

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Salaries in different departments

BFSI, Investments & Trading Credit Underwriter Salary 4 - 5 years exp. (3 salaries)	₹3 L/yr - ₹4.2 L/yr
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Finance & Accounting Credit Underwriter Salary 5 - 6 years exp. (3 salaries)	₹3.1 L/yr - ₹4.6 L/yr

Last Updated: 7 Jan 2025

Companies similar to HDB Financial Services for Credit Underwriter in Mumbai

HDB Financial Services Credit Underwriter Salary

2 - 6 years exp. (9 salaries)

₹3 L/yr - ₹4.6 L/yr

Company name	Avg Annual Salary	Open Jobs
Kotak Mahindra Bank Credit Underwriter Salary 0 - 7 years exp. (24 salaries)	₹2.1 L/yr - ₹5.5 L/yr 12% more
HDFC Bank Credit Underwriter Salary 0 - 7 years exp. (9 salaries)	₹3.1 L/yr - ₹11.3 L/yr 105% more
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Axis Bank Credit Underwriter Salary 1 - 10 years exp. (6 salaries)	₹3 L/yr - ₹6.5 L/yr 46% more
Edelweiss Credit Underwriter Salary 2 - 4 years exp. (3 salaries)	₹5.2 L/yr - ₹8.4 L/yr 112% more
IIFL Finance Credit Underwriter Salary 1 - 8 years exp. (5 salaries)	₹2.8 L/yr - ₹4.6 L/yr 4% less

Credit Underwriter salary at HDB Financial Services ranges between ₹3 Lakhs to ₹4.6 Lakhs per year for employees with experience between 2 years to 6 years. Salary estimates are based on 9 latest salaries received from various employees of HDB Financial Services.

Experience wise HDB Financial Services Credit Underwriter salaries in Mumbai

Last Updated: 7 Jan 2025

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.3 L/yr
3 years (AmbitionBox Estimate)	₹3 L/yr - ₹5.7 L/yr
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4 years (AmbitionBox Estimate)	₹1.3 L/yr - ₹3.6 L/yr
5 years (4 salaries)	₹3 L/yr - ₹4.6 L/yr
6 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹6.4 L/yr

Similar Designation salaries in HDB Financial Services

Sales Officer Salary

(150 salaries)

₹1 L/yr - ₹5 L/yr

Deputy Manager Salary

(52 salaries)

₹4 L/yr - ₹12 L/yr

Credit Manager Salary

(44 salaries)

₹2.7 L/yr - ₹7 L/yr

Area Credit Manager Salary

(13 salaries)

₹7 L/yr - ₹17.45 L/yr

Credit Officer Salary

(9 salaries)

₹1.2 L/yr - ₹3.7 L/yr

Senior Associate Salary

(7 salaries)

₹1.7 L/yr - ₹3.5 L/yr

Credit Executive Salary

(4 salaries)

₹1.8 L/yr - ₹2.16 L/yr

Top skills at HDB Financial Services for Credit Underwriter

Quality Check UAT Risk Analysis Functional Testing Credit Underwriting Credit Analysis

Salary related reviews for HDB Financial Services

3.0

Rated by 2 employees for salary & benefits

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

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

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New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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HDB Financial Services Credit Underwriter Salary FAQs

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

Credit Underwriter salary at HDB Financial Services in Mumbai ranges between ₹3.0 Lakhs to ₹4.6 Lakhs for experience between 2 years to 6 years. According to our estimates it is 31% less than the average Credit Underwriter Salary in India. Salary estimates are based on 9 latest salaries received from various employees of HDB Financial Services Mumbai.

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

The average salary of a Credit Underwriter at HDB Financial Services is 31% less than the average salary of a Credit Underwriter in Mumbai. To know exact salary insights, login to view.

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

Quality Check, UAT, Risk Analysis, Functional Testing and Credit Underwriting are some of the popular skills required to work as a Credit Underwriter at HDB Financial Services Mumbai.

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

Edelweiss Credit Underwriter Salary - ₹5.2 Lakhs to ₹8.4 Lakhs per year
HDFC Bank Credit Underwriter Salary - ₹3.1 Lakhs to ₹11.3 Lakhs per year
Axis Bank Credit Underwriter Salary - ₹3.0 Lakhs to ₹6.5 Lakhs per year
Kotak Mahindra Bank Credit Underwriter Salary - ₹2.1 Lakhs to ₹5.5 Lakhs per year

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

IIFL Finance Credit Underwriter Salary - ₹2.8 Lakhs to ₹4.6 Lakhs per year

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

The estimated take-home salary of a Credit Underwriter at HDB Financial Services ranges between ₹25,112 per month to ₹26,549 per month in Mumbai. The take-home salary calculation is based on the average HDB Financial Services Credit Underwriter salary in India which ranges between ₹3.0 Lakhs to ₹4.6 Lakhs per year for employees with experience between 2 years to 6 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 43% of the HDB Financial Services Credit Underwriters in Mumbai reported a notice period of 1 Month, 28% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 7 responses on AmbitionBox in last 2 years.

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HDB Financial Services Credit Underwriter Salaries in Mumbai

HDB Financial Services Credit Underwriter salary in Mumbai ranges between ₹3 Lakhs to ₹4.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 9 HDB Financial Services latest salaries received from various employees of HDB Financial Services.