Hero FinCorp Credit Underwriter Salaries by 5 Employees (Updated 2025)

8 - 11 years exp.

₹6.3 Lakhs - ₹19.5 Lakhs

Low Confidence

Salary of majority employees

155% more than the average Credit Underwriter Salary in NBFC Companies for 8 - 11 years of experience

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Salaries in different departments

BFSI, Investments & Trading Credit Underwriter Salary 10 - 11 years exp. (3 salaries)	₹8 L/yr - ₹25.1 L/yr
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Finance & Accounting Credit Underwriter Salary 8 - 9 years exp. (AmbitionBox Estimate)	₹1.1 L/yr - ₹6.3 L/yr

Last Updated: 4 Mar 2025

Companies similar to Hero FinCorp for Credit Underwriter

Company name	Avg Annual Salary	Open Jobs
Bajaj Finance Credit Underwriter Salary 2 - 9 years exp. (16 salaries)	₹3 L/yr - ₹6.8 L/yr 62% less
HDFC Bank Credit Underwriter Salary 0 - 8 years exp. (138 salaries)	₹2.6 L/yr - ₹11 L/yr 44% less
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Tata Capital Credit Underwriter Salary 4 - 5 years exp. (3 salaries)	₹4.2 L/yr - ₹6.5 L/yr 59% less
Mahindra Finance Credit Underwriter Salary 3 - 7 years exp. (5 salaries)	₹8 L/yr - ₹10 L/yr 29% less
Aditya Birla Finance Credit Underwriter Salary 0 - 4 years exp. (7 salaries)	₹2.6 L/yr - ₹7.5 L/yr 62% less
L&T Finance Credit Underwriter Salary 4 - 9 years exp. (5 salaries)	₹3.4 L/yr - ₹8 L/yr 64% less
Shriram Finance Credit Underwriter Salary 0 - 9 years exp. (7 salaries)	₹3 L/yr - ₹3.3 L/yr 75% less
Shubham Housing Development Finance Credit Underwriter Salary 1 - 6 years exp. (14 salaries)	₹2 L/yr - ₹5.5 L/yr 76% less
Sammaan Capital Limited Credit Underwriter Salary 3 - 9 years exp. (8 salaries)	₹3 L/yr - ₹4.5 L/yr 70% less
PNB Housing Finance Credit Underwriter Salary 0 - 2 years exp. (7 salaries)	₹4.3 L/yr - ₹7 L/yr 61% less
Home Credit Finance Credit Underwriter Salary 1 - 6 years exp. (7 salaries)	₹3 L/yr - ₹4 L/yr 74% less
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Bajaj Housing Finance Credit Underwriter Salary 0 - 6 years exp. (5 salaries)	₹2.2 L/yr - ₹7 L/yr 65% less
India Shelter Finance Corporation Credit Underwriter Salary 4 - 7 years exp. (4 salaries)	₹2.9 L/yr - ₹4.5 L/yr 68% less
Kogta Financial India Limited Credit Underwriter Salary 3 - 7 years exp. (4 salaries)	₹3 L/yr - ₹4 L/yr 74% less
Tata Capital Housing Finance Credit Underwriter Salary 6 - 10 years exp. (4 salaries)	₹3.6 L/yr - ₹7.5 L/yr 55% less
InCred Finance Credit Underwriter Salary 1 - 6 years exp. (4 salaries)	₹2.8 L/yr - ₹4.2 L/yr 75% less

Credit Underwriter salary at Hero FinCorp ranges between ₹6.3 Lakhs to ₹19.5 Lakhs per year for employees with experience between 8 years to 11 years. Salary estimates are based on 5 latest salaries received from various employees of Hero FinCorp.

Experience wise Hero FinCorp Credit Underwriter salaries

Last Updated: 4 Mar 2025

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹24.6 L/yr
9 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹28.1 L/yr
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10 years (AmbitionBox Estimate)	₹8 L/yr - ₹31.6 L/yr
11 years (AmbitionBox Estimate)	₹7.8 L/yr - ₹35.1 L/yr

Similar Designation salaries in Hero FinCorp

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(15 salaries)

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₹2.7 L/yr - ₹6.4 L/yr

Credit Manager Salary

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₹5 L/yr - ₹11.6 L/yr

Area Credit Manager Salary

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Sales Officer Salary

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Deputy Manager Salary

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Zonal Credit Manager Salary

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Salary related reviews for Hero FinCorp

4.9

Rated by 4 employees for salary & benefits

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

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

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

Lead in Gurgaon / Gurugram

Full Time

Other Department

2.0

• posted on 10 Aug 2024

3.0

for Salary and Benefits

Likes

...balance is average, not that great but at par with a mature Indian organization. The pay scale is above average as compared to banking organization. If one doesn't provide inputs and do as is told, can increase chances of raise and 100% bonus, even if work is not upto the mark.

Dislikes

Culture is pathetic. There is still traditional thinking of supreme authority and 'I know it all' attitude. One a few members of the management call the shots for whole company and rest management members are mere spectators. Personal grudges between management leads to lot of resources, money and effort wastage. It would be years before the

Skill development - Bad

+4 more

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Salary Discussions, Hike & Promotions

a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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Hero FinCorp Credit Underwriter Salary FAQs

What is the salary of Credit Underwriter at Hero FinCorp ?

The average salary of a Credit Underwriter at Hero FinCorp in India typically ranges from ₹6.3 Lakhs to ₹19.5 Lakhs per year, depending on experience (from 8 years to 11 years).

The top 10% of Credit Underwriter at Hero FinCorp earn more than ₹40.0 Lakhs per year, and the top 1% earn over ₹40.0 Lakhs per year. Credit Underwriter 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 5 Hero FinCorp employees in India.

What is the estimated take home salary of a Credit Underwriter at Hero FinCorp in India?

The estimated take-home salary of a Credit Underwriter at Hero FinCorp in India typically ranges from ₹89,857 to ₹92,218 per month. This is based on the average salary range of ₹6.3 Lakhs to ₹19.5 Lakhs per year for employees with experience ranging from 8 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 5 salaries received from various employees of Hero FinCorp. Check how we calculate in-hand salary with our in-hand salary calculator.

What is the salary of a Credit Underwriter in companies similar to Hero FinCorp in India?

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

Mahindra Finance	₹8.0 Lakhs to ₹10.0 Lakhs per year
HDFC Bank	₹2.6 Lakhs to ₹11.0 Lakhs per year
Tata Capital Housing Finance	₹3.6 Lakhs to ₹7.5 Lakhs per year
Tata Capital	₹4.2 Lakhs to ₹6.5 Lakhs per year
PNB Housing Finance	₹4.3 Lakhs to ₹7.0 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 Credit Underwriter at Hero FinCorp in India?

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

Experience	Average Salary Range
8 years	₹6.3 Lakhs to ₹24.6 Lakhs per year
9 years	₹6.3 Lakhs to ₹28.1 Lakhs per year
10 years	₹8.0 Lakhs to ₹31.6 Lakhs per year
11 years	₹7.8 Lakhs to ₹35.1 Lakhs per year

and so on.

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Hero FinCorp Credit Underwriter Salaries

Hero FinCorp Credit Underwriter salary in India ranges between ₹6.3 Lakhs to ₹19.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Hero FinCorp latest salaries received from various employees of Hero FinCorp.