Hero FinCorp Mumbai Area Credit Manager Salaries by 10 Employees (Updated 2025)

5 - 11 years exp.

₹11 Lakhs - ₹18 Lakhs

Avg. annual salary

Monthly In-hand Salary

8% more than the average Area Credit Manager Salary in NBFC Companies for 5 - 11 years of experience

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Salaries in different departments

Finance & Accounting Area Credit Manager Salary 5 - 9 years exp. (4 salaries)	₹13.9 L/yr - ₹16.8 L/yr
BFSI, Investments & Trading Area Credit Manager Salary 5 - 11 years exp. (3 salaries)	₹11 L/yr - ₹17.4 L/yr
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Risk Management & Compliance Area Credit Manager Salary 7 - 8 years exp. (AmbitionBox Estimate)	₹12 L/yr - ₹18 L/yr

Last Updated: 29 Mar 2025

Companies similar to Hero FinCorp for Area Credit Manager in Mumbai

Hero FinCorp Area Credit Manager Salary

5 - 11 years exp. (10 salaries)

₹11 L/yr - ₹18 L/yr

Company name	Avg Annual Salary	Open Jobs
PNB Housing Finance Area Credit Manager Salary 5 - 9 years exp. (7 salaries)	₹12 L/yr - ₹22 L/yr 21% more	1 job opening
InCred Finance Area Credit Manager Salary 4 - 11 years exp. (6 salaries)	₹9 L/yr - ₹13 L/yr 28% less
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Bajaj Housing Finance Area Credit Manager Salary 6 - 9 years exp. (3 salaries)	₹11.6 L/yr - ₹16 L/yr 2% more
Ugro Capital Area Credit Manager Salary 6 - 8 years exp. (3 salaries)	₹8.7 L/yr - ₹14.3 L/yr 21% less
ICICI Bank Area Credit Manager Salary 2 - 12 years exp. (40 salaries)	₹7.8 L/yr - ₹19 L/yr 2% more

Area Credit Manager salary at Hero FinCorp ranges between ₹11 Lakhs to ₹18 Lakhs per year for employees with experience between 5 years to 11 years. Salary estimates are based on 10 latest salaries received from various employees of Hero FinCorp.

Experience wise Hero FinCorp Area Credit Manager salaries in Mumbai

Last Updated: 29 Mar 2025

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹12.7 L/yr - ₹16.2 L/yr
6 years (AmbitionBox Estimate)	₹12.7 L/yr - ₹16.2 L/yr
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7 years (AmbitionBox Estimate)	₹12.6 L/yr - ₹16.2 L/yr
8 years (AmbitionBox Estimate)	₹12.6 L/yr - ₹16.1 L/yr
9 years (AmbitionBox Estimate)	₹12.6 L/yr - ₹16.1 L/yr
10 years (AmbitionBox Estimate)	₹12.6 L/yr - ₹16.1 L/yr
11 years (AmbitionBox Estimate)	₹12.5 L/yr - ₹16 L/yr

View all

Similar Designation salaries in Hero FinCorp

Sales Manager Salary

(13 salaries)

₹5.83 L/yr - ₹12 L/yr

Relationship Manager Salary

(5 salaries)

₹3.1 L/yr - ₹4.5 L/yr

Top skills at Hero FinCorp for Area Credit Manager

Credit Management Credit Underwriting Lap Home Loans Medical Underwriting Credit Mortgage Loans Credit Analysis Underwriting Loan against Property Credit Policy Credit Appraisal Finance Tracking mortgage

Salary related reviews for Hero FinCorp

Rated by 1 employees for salary & benefits

Area Credit Manager in Pune

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 22 Oct 2021

1.0

for Salary and Benefits

Likes

Nothing comes to my mind

Dislikes

...uing. No work life balance if you join thia company than forget you have family. Compensation is also terrible with respect to work. No respect for your work

Salary - Bad

+6 more

Sales Manager in Nanded

Full Time

Sales & Business Development Department

3.0

• posted on 20 Oct 2022

4.0

for Salary and Benefits

Likes

I have worked in Hero as Sales manager for 3year. overall work culture is good also good satisfaction and seniors also supporting but lack of knowledge of backhand team likely credit and IT team.It should be improve this because business would be stuck due to those lack of support

Salary - Good

+2 more

Dislikes

Appraisal happening but promotion doesn't happening only happend a designation change letter but salary none of the hike.Poor IT team incentive also poor for onroll employee.

Job security - Poor

+1 more

Credit Analyst in Mohan Estate - Delhi

Full Time

Other Department

1.0

• posted on 28 May 2023

5.0

for Salary and Benefits

Likes

Overall salary structure and Benefits are Good.

Salary - Excellent

Dislikes

A person named Gorender Singh Panghal (UBL- Lead) is playing very bad politics with his own analyst team. Also he is not able to do any good thing for his team. He is just making excuses instead of efforts... Also UBL ACM Shivani Kathuriya is very bad personality.... She even don't know that how to prepare the CAM and how to recommend the same.... She don't have any knowledge....

Skill development - Bad

+4 more

Sales Officer in New Delhi

Sales & Business Development Department

5.0

• posted on 29 Oct 2018

5.0

for Salary and Benefits

Likes

My first like salary HFCL our employees salary give to to time and all facilities provide on time all reuirment as like laptop , stationary , canvence , incentive etc .

Salary - Excellent

+4 more

Dislikes

No any single problem in this company because I have self working now 8n this company

Data Analyst in New Delhi

Full Time

Sales & Business Development Department

1.0

• posted on 12 Mar 2025

3.0

for Salary and Benefits

Likes

On time salary

Job security - Good

Dislikes

No work life balance Delay in appraisals & promotion Overloaded work Favouritism Culture Micro management by the manager Visionless people and managers Treating Employee as factory workers and many more chutiyapas

Skill development - Bad

+4 more

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Hero FinCorp Area Credit Manager Salary FAQs

What is the salary of Area Credit Manager at Hero FinCorp in Mumbai?

The average salary of a Area Credit Manager at Hero FinCorp in Mumbai typically ranges from ₹11.0 Lakhs to ₹18.0 Lakhs per year, depending on experience (from 5 years to 11 years).

The top 10% of Area Credit Manager in Mumbai at Hero FinCorp earn more than ₹18.0 Lakhs per year, and the top 1% earn over ₹18.0 Lakhs per year. Area Credit Manager Salaries at Hero FinCorp 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 10 Hero FinCorp employees in India.

What is the estimated take home salary of a Area Credit Manager at Hero FinCorp in Mumbai?

The estimated take-home salary of a Area Credit Manager at Hero FinCorp in Mumbai typically ranges from ₹97,562 to ₹1,00,205 per month. This is based on the average salary range of ₹11.0 Lakhs to ₹18.0 Lakhs per year for employees with experience ranging from 5 years to 11 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 10 salaries received from various employees of Hero FinCorp. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Area Credit Manager at Hero FinCorp in Mumbai?

To be a Area Credit Manager at Hero FinCorp in Mumbai, the key skills required include:

- Credit Management
- Credit Underwriting
- Lap
- Home Loans
- Medical Underwriting

These skills are highly valued at Hero FinCorp and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Hero FinCorp for Area Credit Manager in India?

PNB Housing Finance	₹12.0 Lakhs to ₹22.0 Lakhs per year
Bajaj Housing Finance	₹11.6 Lakhs to ₹16.0 Lakhs per year
ICICI Bank	₹7.8 Lakhs to ₹19.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Hero FinCorp, depending on the role and experience level.

What is the salary of a Area Credit Manager in companies similar to Hero FinCorp in Mumbai?

The salary of a Area Credit Manager at companies similar to Hero FinCorp in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Ugro Capital	₹8.7 Lakhs to ₹14.3 Lakhs per year
InCred Finance	₹9.0 Lakhs to ₹13.0 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 Area Credit Manager at Hero FinCorp in Mumbai?

The salary growth for a Area Credit Manager at Hero FinCorp in Mumbai depends on factors such as experience, performance, and promotions. On average, a Area Credit Manager in Mumbai can expect the following growth trajectory at Hero FinCorp:

Experience	Average Salary Range
5 years	₹12.7 Lakhs to ₹16.2 Lakhs per year
6 years	₹12.7 Lakhs to ₹16.2 Lakhs per year
7 years	₹12.6 Lakhs to ₹16.2 Lakhs per year
8 years	₹12.6 Lakhs to ₹16.1 Lakhs per year

and so on.

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Hero FinCorp Area Credit Manager Salaries in Mumbai

Hero FinCorp Area Credit Manager salary in Mumbai ranges between ₹11 Lakhs to ₹18 Lakhs with an average annual salary of ₹. Salary estimates are based on 10 Hero FinCorp latest salaries received from various employees of Hero FinCorp.