IIFL Home Finance Credit Underwriter Salaries by 7 Employees (Updated 2025)

0 - 9 years exp.

₹4.3 Lakhs - ₹6 Lakhs

Salary of majority employees

At par with the average Credit Underwriter Salary in NBFC Companies for 0 - 9 years of experience

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Salaries in different departments

Finance & Accounting Credit Underwriter Salary 0 - 9 years exp. (5 salaries)	₹4.3 L/yr - ₹6 L/yr
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BFSI, Investments & Trading Credit Underwriter Salary 4 - 5 years exp. (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.5 L/yr

Last Updated: 21 Mar 2025

Companies similar to IIFL Home Finance for Credit Underwriter

Company name	Avg Annual Salary	Open Jobs
Shubham Housing Development Finance Credit Underwriter Salary 1 - 6 years exp. (14 salaries)	₹2 L/yr - ₹5.5 L/yr 41% less
Sammaan Capital Limited Credit Underwriter Salary 3 - 9 years exp. (8 salaries)	₹3 L/yr - ₹4.5 L/yr 25% less
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PNB Housing Finance Credit Underwriter Salary 0 - 2 years exp. (7 salaries)	₹4.3 L/yr - ₹7 L/yr 3% less
Home Credit Finance Credit Underwriter Salary 1 - 6 years exp. (7 salaries)	₹3 L/yr - ₹4 L/yr 36% less
Hero FinCorp Credit Underwriter Salary 8 - 11 years exp. (5 salaries)	₹6.3 L/yr - ₹19.5 L/yr 147% more
Bajaj Housing Finance Credit Underwriter Salary 0 - 6 years exp. (5 salaries)	₹2.2 L/yr - ₹7 L/yr 13% less
India Shelter Finance Corporation Credit Underwriter Salary 4 - 7 years exp. (4 salaries)	₹2.9 L/yr - ₹4.5 L/yr 20% less
Kogta Financial India Limited Credit Underwriter Salary 3 - 7 years exp. (4 salaries)	₹3 L/yr - ₹4 L/yr 37% less
Tata Capital Housing Finance Credit Underwriter Salary 6 - 10 years exp. (4 salaries)	₹3.6 L/yr - ₹7.5 L/yr 12% more
InCred Finance Credit Underwriter Salary 1 - 5 years exp. (4 salaries)	₹2.8 L/yr - ₹4.2 L/yr 39% less
SBFC Finance Credit Underwriter Salary 0 - 10 years exp. (4 salaries)	₹2.9 L/yr - ₹7 L/yr 3% less
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Indostar Capital Finance Credit Underwriter Salary 1 - 7 years exp. (3 salaries)	₹3.9 L/yr - ₹5 L/yr 15% less

Credit Underwriter salary at IIFL Home Finance ranges between ₹4.3 Lakhs to ₹6 Lakhs per year for employees with less than 1 year of experience to 9 years. Salary estimates are based on 7 latest salaries received from various employees of IIFL Home Finance.

Experience wise IIFL Home Finance Credit Underwriter salaries

Last Updated: 21 Mar 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹4.3 L/yr - ₹4.5 L/yr
1 year (AmbitionBox Estimate)	₹1.8 L/yr - ₹4.9 L/yr
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2 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.4 L/yr
3 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹5.6 L/yr
4 years (AmbitionBox Estimate)	₹5 L/yr - ₹9.1 L/yr
5 years (AmbitionBox Estimate)	₹5 L/yr - ₹9.4 L/yr
6 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹6.2 L/yr
7 years (AmbitionBox Estimate)	₹5.1 L/yr - ₹6.5 L/yr
8 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹6 L/yr
9 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹6 L/yr

View all

Similar Designation salaries in IIFL Home Finance

Credit Officer Salary

(19 salaries)

₹2 L/yr - ₹3.3 L/yr

Credit Executive Salary

(AmbitionBox Estimate)

₹1.8 L/yr - ₹2.3 L/yr

Credit Analyst Salary

(AmbitionBox Estimate)

₹24.5 L/yr - ₹31.3 L/yr

Credit Manager Salary

(86 salaries)

₹2.56 L/yr - ₹7 L/yr

Area Credit Manager Salary

(15 salaries)

₹10.5 L/yr - ₹16.05 L/yr

Branch Manager Salary

(57 salaries)

₹3.5 L/yr - ₹7.3 L/yr

Senior Associate Salary

(3 salaries)

₹2.5 L/yr - ₹2.8 L/yr

Sales Officer Salary

(52 salaries)

₹2 L/yr - ₹3.5 L/yr

Deputy Manager Salary

(31 salaries)

₹4.6 L/yr - ₹11 L/yr

Senior Credit Officer Salary

(6 salaries)

₹3.4 L/yr - ₹4.3 L/yr

Salary related reviews for IIFL Home Finance

2.8

Rated by 2 employees for salary & benefits

Deputy Manager in New Delhi

Full Time

Customer Success, Service & Operations Department

4.0

• posted on 22 Jul 2024

4.0

for Salary and Benefits

Likes

Working as a team Salary and other perks are good

Salary - Good

+3 more

Dislikes

Issue in granting leave to employees. If they grant leave then will have to do work most of the time. Need to carry your laptop. Officially Saturday is week off but need to work full day on Saturday.

Skill development - Poor

+1 more

Sales Manager in Dehradun

Full Time

Sales & Business Development Department

3.0

• posted on 20 Apr 2023

4.0

for Salary and Benefits

Likes

Company and Salary is good .

Salary - Good

Dislikes

Working environment was not good specially for my home branch where I was working. I worked and resigned within 3 months and no senior level person not even asked for my decision .Not only me others staff were also resigning from there post whenever the are getting any opportunity. Company profile was good, products were goods to sell in market but the local system was spoiling each and every thing

Skill development - Poor

+4 more

Relationship Manager in Virar West Maharashtra India

Full Time

Finance & Accounting Department

1.0

• posted on 14 Jun 2023

1.0

for Salary and Benefits

Likes

...ompany in my life.very bad experience in my carriar of life.i have joined the 3.50 lac annual package but 3 months has gone salary is given 15k without any notice.and totally harrasment this company.

Dislikes

Haven't any possitive word there is written me .

Salary - Bad

+6 more

Relationship Manager in Vasai-Virar

Sales & Business Development Department

1.0

• posted on 29 Jun 2022

1.0

for Salary and Benefits

Likes

Friendly with credit team

Skill development - Good

Dislikes

Salary deduction incentives not giving overall experience didnot company terms conditions designed self totally haresment mentally & financially... 15 years experience feeling fist time seen very very bad & poor company...

Salary - Bad

+5 more

Branch Credit Manager in Jaipur

Finance & Accounting Department

2.0

• posted on 03 Aug 2020

2.0

for Salary and Benefits

Likes

Only single advantage in the company is that salary is credited in your bank account on time.

Skill development - Good

Dislikes

...otally insensitive to their employees. They are firing employees day in and out. Salary cuts have been also for the whole year as compared to few months only in other organisations. They are harassing employees by overburdening them with work pressure and taking undue advantage of the current situation. Policy changes in the organisation are also so frequent that it is impossible to integrate all the functions.

Salary - Poor

+4 more

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Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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IIFL Home Finance Credit Underwriter Salary FAQs

What is the salary of Credit Underwriter at IIFL Home Finance ?

The average salary of a Credit Underwriter at IIFL Home Finance in India typically ranges from ₹4.3 Lakhs to ₹6.0 Lakhs per year, depending on experience (from Fresher to 9 years).

The top 10% of Credit Underwriter at IIFL Home Finance earn more than ₹6.0 Lakhs per year, and the top 1% earn over ₹6.0 Lakhs per year. Credit Underwriter Salaries at IIFL Home 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 7 IIFL Home Finance employees in India.

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

The estimated take-home salary of a Credit Underwriter at IIFL Home Finance in India typically ranges from ₹38,668 to ₹39,853 per month. This is based on the average salary range of ₹4.3 Lakhs to ₹6.0 Lakhs per year for employees with experience ranging from Fresher to 9 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 7 salaries received from various employees of IIFL Home Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

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

Hero FinCorp	₹6.3 Lakhs to ₹19.5 Lakhs per year
Tata Capital Housing Finance	₹3.6 Lakhs to ₹7.5 Lakhs per year

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

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

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

PNB Housing Finance	₹4.3 Lakhs to ₹7.0 Lakhs per year
SBFC Finance	₹2.9 Lakhs to ₹7.0 Lakhs per year
Bajaj Housing Finance	₹2.2 Lakhs to ₹7.0 Lakhs per year
Indostar Capital Finance	₹3.9 Lakhs to ₹5.0 Lakhs per year
India Shelter Finance Corporation	₹2.9 Lakhs to ₹4.5 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 Home Finance in India?

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

Experience	Average Salary Range
Fresher	₹4.3 Lakhs to ₹4.5 Lakhs per year
1 year	₹1.8 Lakhs to ₹4.9 Lakhs per year
2 years	₹4.2 Lakhs to ₹5.4 Lakhs per year
3 years	₹4.4 Lakhs to ₹5.6 Lakhs per year

and so on.

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IIFL Home Finance Credit Underwriter Salaries by Location

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IIFL Home Finance Credit Underwriter Salaries

IIFL Home Finance Credit Underwriter salary in India ranges between ₹4.3 Lakhs to ₹6 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 IIFL Home Finance latest salaries received from various employees of IIFL Home Finance.

IIFL Home Finance Credit Underwriter salaries in India (Updated 2025)

Companies similar to IIFL Home Finance for Credit Underwriter

Latest annual salaries shared by IIFL Home Finance Credit Underwriter

Experience wise IIFL Home Finance Credit Underwriter salaries

Similar Designation salaries in IIFL Home Finance

Salary related reviews for IIFL Home Finance

Deputy Manager in New Delhi

Sales Manager in Dehradun

Relationship Manager in Virar West Maharashtra India

Relationship Manager in Vasai-Virar

Branch Credit Manager in Jaipur

IIFL Home Finance Credit Underwriter Salary FAQs

Tell us how to improve this page.

IIFL Home Finance Credit Underwriter Salaries by Location