IIFL Finance Mumbai Credit Underwriter Salaries by 5 Employees (Updated 2025)

1 - 8 years exp.

₹2.8 Lakhs - ₹4.6 Lakhs

Salary of majority employees

34% less than the average Credit Underwriter Salary in NBFC Companies for 1 - 8 years of experience

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Last Updated: 19 Mar 2025

Companies similar to IIFL Finance for Credit Underwriter in Mumbai

IIFL Finance Credit Underwriter Salary

1 - 8 years exp. (5 salaries)

₹2.8 L/yr - ₹4.6 L/yr

Company name	Avg Annual Salary	Open Jobs
HDB Financial Services Credit Underwriter Salary 2 - 6 years exp. (9 salaries)	₹3 L/yr - ₹4.6 L/yr At par
Piramal Capital Housing Finance Credit Underwriter Salary 6 - 10 years exp. (3 salaries)	₹2.5 L/yr - ₹4.2 L/yr 15% more
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Liquiloans Credit Underwriter Salary 0 - 5 years exp. (34 salaries)	₹2.4 L/yr - ₹5 L/yr 5% more	1 job opening
Kotak Mahindra Bank Credit Underwriter Salary 0 - 7 years exp. (24 salaries)	₹2.1 L/yr - ₹5.5 L/yr 11% more
Kissht Finance Credit Underwriter Salary 1 - 6 years exp. (18 salaries)	₹1.9 L/yr - ₹3.2 L/yr 25% less

Credit Underwriter salary at IIFL Finance ranges between ₹2.8 Lakhs to ₹4.6 Lakhs per year for employees with experience between 1 year to 8 years. Salary estimates are based on 5 latest salaries received from various employees of IIFL Finance.

Experience wise IIFL Finance Credit Underwriter salaries in Mumbai

Last Updated: 19 Mar 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.8 L/yr - ₹6.2 L/yr
2 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹4 L/yr
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3 years (AmbitionBox Estimate)	₹1.4 L/yr - ₹3.7 L/yr
4 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹4 L/yr
5 years (AmbitionBox Estimate)	₹1.4 L/yr - ₹4.6 L/yr
6 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr
7 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹6.3 L/yr
8 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹6.4 L/yr

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Similar Designation salaries in IIFL Finance

Branch Manager Salary

(76 salaries)

₹2.2 L/yr - ₹7 L/yr

Deputy Manager Salary

(55 salaries)

₹3.5 L/yr - ₹10 L/yr

Credit Manager Salary

(47 salaries)

₹2.8 L/yr - ₹10.1 L/yr

Area Credit Manager Salary

(12 salaries)

₹9 L/yr - ₹19.6 L/yr

Sales Officer Salary

(8 salaries)

₹1.8 L/yr - ₹3.2 L/yr

Credit Executive Salary

(3 salaries)

₹2 L/yr - ₹3 L/yr

Credit Officer Salary

(3 salaries)

₹2.2 L/yr - ₹3.5 L/yr

Top skills at IIFL Finance for Credit Underwriter

Credit Underwriting Credit Evaluation Business Loan Underwriting Credit Appraisal Loan Processing SME Kannada Home Loans Credit Underwriting Mortgage Loans Portfolio Management Query Resolution Credit Risk Analysis Sanction

Salary related reviews for IIFL Finance

Branch Manager in Dholka

Full Time

Other Department

3.0

• posted on 16 Nov 2024

1.0

for Salary and Benefits

Likes

Good scheams to serve customers

Skill development - Excellent

Dislikes

Giving low salary and huge pressure over work load more than salary. Hieringe from compitition with huge salary but not giving them who are wintage and loyal to the company.

Salary - Bad

+4 more

Branch Manager in Hyderabad / Secunderabad

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 31 Mar 2023

3.0

for Salary and Benefits

Likes

Value of positions, friendly nature with colleagues working areas,good customers at IIFL, salary intime credit employees,good service by employees for customers ,believed to customers iifl

Skill development - Excellent

+3 more

Dislikes

Some politics have in promotion s and grade changes, not completed in time eligible employees by promotions,no value for old employees ,some branches business depend by only some employees because future time face to problems company,zero walk-in some locations.some IRAs misuse job rules .

Job security - Poor

Branch Credit Manager in Kolkata

Full Time

Finance & Accounting Department

4.0

• posted on 11 Jun 2023

4.0

for Salary and Benefits

Likes

Salary is good but work culture nd working time is not that much good If u r Ina branch level then u have to work for 14-16 hours in a day Like joining time morning 9am Nd closings time 12/1 pm

Salary - Good

+1 more

Dislikes

Heavy work pressure

Work satisfaction - Bad

+1 more

Deputy Manager in Mumbai

Full Time

Data Science & Analytics Department

3.0

• posted on 06 Sep 2023

1.0

for Salary and Benefits

Likes

...wth. Seniors are very rude and insensitive and careless... No work life balance. No salary promotions. No bonuses.. bonus are delayed with less %

Dislikes

Senior behaviour with junior

Salary - Bad

+5 more

Branch Manager in Jaipur

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 10 Oct 2018

5.0

for Salary and Benefits

Likes

Salary,learning

Salary - Excellent

+2 more

Dislikes

Work pressure is high, manager do not have value of person, senior does not guide only need business that's it. Job is not secure , mentaly pressure given by senior, company and top management is best but over all not satisfactory.

Job security - Bad

+2 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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IIFL Finance Credit Underwriter Salary FAQs

What is the salary of Credit Underwriter at IIFL Finance in Mumbai?

The average salary of a Credit Underwriter at IIFL Finance in Mumbai typically ranges from ₹2.8 Lakhs to ₹4.6 Lakhs per year, depending on experience (from 1 year to 8 years).

The top 10% of Credit Underwriter in Mumbai at IIFL Finance earn more than ₹4.6 Lakhs per year, and the top 1% earn over ₹4.6 Lakhs per year. Credit Underwriter Salaries at IIFL Finance 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 IIFL Finance employees in India.

What is the estimated take home salary of a Credit Underwriter at IIFL Finance in Mumbai?

The estimated take-home salary of a Credit Underwriter at IIFL Finance in Mumbai typically ranges from ₹25,351 to ₹26,784 per month. This is based on the average salary range of ₹2.8 Lakhs to ₹4.6 Lakhs per year for employees with experience ranging from 1 year to 8 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 IIFL Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Credit Underwriter at IIFL Finance in Mumbai?

To be a Credit Underwriter at IIFL Finance in Mumbai, the key skills required include:

- Credit Underwriting
- Credit Evaluation
- Business Loan
- Underwriting
- Credit Appraisal

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

Which companies offer higher salaries than IIFL Finance for Credit Underwriter in India?

Piramal Capital Housing Finance	₹2.5 Lakhs to ₹4.2 Lakhs per year
Kotak Mahindra Bank	₹2.1 Lakhs to ₹5.5 Lakhs per year
Liquiloans	₹2.4 Lakhs to ₹5.0 Lakhs per year
HDB Financial Services	₹3.0 Lakhs to ₹4.6 Lakhs per year

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

What is the salary of a Credit Underwriter in companies similar to IIFL Finance in Mumbai?

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

Kissht Finance

₹1.9 Lakhs to ₹3.2 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 IIFL Finance in Mumbai?

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

Experience	Average Salary Range
1 year	₹2.8 Lakhs to ₹6.2 Lakhs per year
2 years	₹3.1 Lakhs to ₹4.0 Lakhs per year
3 years	₹1.4 Lakhs to ₹3.7 Lakhs per year
4 years	₹3.1 Lakhs to ₹4.0 Lakhs per year

and so on.

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IIFL Finance Credit Underwriter Salaries in Mumbai

IIFL Finance Credit Underwriter salary in Mumbai ranges between ₹2.8 Lakhs to ₹4.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 IIFL Finance latest salaries received from various employees of IIFL Finance.