IIFL Finance Mumbai Credit Manager Salaries by 50+ Employees (Updated 2025)

0 - 10 years exp.

₹2.8 Lakhs - ₹10.1 Lakhs

Salary of majority employees

19% less than the average Credit Manager Salary in NBFC Companies for 0 - 10 years of experience

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Salaries in different departments

BFSI, Investments & Trading Credit Manager Salary 0 - 9 years exp. (19 salaries)	₹2.8 L/yr - ₹10.1 L/yr
Finance & Accounting Credit Manager Salary 0 - 9 years exp. (15 salaries)	₹5 L/yr - ₹9.5 L/yr
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Risk Management & Compliance Credit Manager Salary 2 - 10 years exp. (5 salaries)	₹6.1 L/yr - ₹8.5 L/yr

Last Updated: 19 Feb 2025

Companies similar to IIFL Finance for Credit Manager in Mumbai

IIFL Finance Credit Manager Salary

0 - 10 years exp. (51 salaries)

₹2.8 L/yr - ₹10.1 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Credit Manager Salary 0 - 11 years exp. (451 salaries)	₹4 L/yr - ₹15 L/yr 34% more	7 job openings
ICICI Bank Credit Manager Salary 0 - 11 years exp. (563 salaries)	₹4 L/yr - ₹16.5 L/yr 51% more
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Axis Bank Credit Manager Salary 0 - 12 years exp. (147 salaries)	₹4 L/yr - ₹15.3 L/yr 36% more
Kotak Mahindra Bank Credit Manager Salary 0 - 10 years exp. (237 salaries)	₹4 L/yr - ₹13 L/yr 35% more
Bajaj Finance Credit Manager Salary 2 - 9 years exp. (15 salaries)	₹4.4 L/yr - ₹8.8 L/yr 7% less
Tata Capital Credit Manager Salary 0 - 10 years exp. (82 salaries)	₹3 L/yr - ₹12.4 L/yr 16% more	12 job openings
IndusInd Bank Credit Manager Salary 2 - 12 years exp. (34 salaries)	₹3.6 L/yr - ₹11.4 L/yr 11% more
Yes Bank Credit Manager Salary 0 - 10 years exp. (75 salaries)	₹4.6 L/yr - ₹14 L/yr 29% more
RBL Bank Credit Manager Salary 2 - 11 years exp. (27 salaries)	₹3 L/yr - ₹11.7 L/yr 5% more
IDFC FIRST Bank Credit Manager Salary 0 - 10 years exp. (214 salaries)	₹4.1 L/yr - ₹12.2 L/yr 25% more	1 job opening
Piramal Capital Housing Finance Credit Manager Salary 1 - 13 years exp. (100 salaries)	₹3 L/yr - ₹10 L/yr 3% more
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SMFG India Credit Credit Manager Salary 1 - 11 years exp. (74 salaries)	₹3.2 L/yr - ₹10.4 L/yr 4% more
Aditya Birla Finance Credit Manager Salary 1 - 9 years exp. (56 salaries)	₹4.6 L/yr - ₹12.5 L/yr 12% more
HDB Financial Services Credit Manager Salary 1 - 13 years exp. (43 salaries)	₹2.7 L/yr - ₹7 L/yr 29% less	1 job opening
L&T Finance Credit Manager Salary 2 - 9 years exp. (19 salaries)	₹6 L/yr - ₹12.7 L/yr 34% more
Edelweiss Credit Manager Salary 0 - 8 years exp. (17 salaries)	₹3.5 L/yr - ₹10.7 L/yr 6% less
Kotak Mahindra Prime Credit Manager Salary 1 - 8 years exp. (17 salaries)	₹4.5 L/yr - ₹11 L/yr 30% more
Muthoot Finance Credit Manager Salary 0 - 12 years exp. (12 salaries)	₹3.5 L/yr - ₹6 L/yr 28% less	4 job openings
Aavas Financiers Credit Manager Salary 0 - 9 years exp. (11 salaries)	₹3.8 L/yr - ₹7.6 L/yr 13% less	7 job openings
Mahindra Finance Credit Manager Salary 5 - 13 years exp. (8 salaries)	₹4.7 L/yr - ₹12.7 L/yr 10% more

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Credit Manager salary at IIFL Finance ranges between ₹2.8 Lakhs to ₹10.1 Lakhs per year for employees with less than 1 year of experience to 10 years. Salary estimates are based on 51 latest salaries received from various employees of IIFL Finance.

Experience wise IIFL Finance Credit Manager salaries in Mumbai

Last Updated: 19 Feb 2025

Experience	Avg Annual Salary
Fresher (7 salaries)	₹5 L/yr - ₹7.1 L/yr
1 year (6 salaries)	₹2.8 L/yr - ₹7.5 L/yr
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2 years (8 salaries)	₹5 L/yr - ₹8.5 L/yr
3 years (6 salaries)	₹2.8 L/yr - ₹8.6 L/yr
4 years (8 salaries)	₹5.5 L/yr - ₹9.5 L/yr
5 years (5 salaries)	₹5.5 L/yr - ₹10.1 L/yr
6 years (3 salaries)	₹5.6 L/yr - ₹8 L/yr
7 years (3 salaries)	₹5.8 L/yr - ₹8.7 L/yr
8 years (AmbitionBox Estimate)	₹5 L/yr - ₹9.5 L/yr
9 years (AmbitionBox Estimate)	₹3 L/yr - ₹9.2 L/yr
10 years (AmbitionBox Estimate)	₹7.8 L/yr - ₹14.1 L/yr

View all

Similar Designation salaries in IIFL Finance

Branch Manager Salary

(77 salaries)

₹2.15 L/yr - ₹7 L/yr

Deputy Manager Salary

(53 salaries)

₹3.5 L/yr - ₹10 L/yr

Sales Manager Salary

(13 salaries)

₹2.85 L/yr - ₹7.15 L/yr

Area Credit Manager Salary

(12 salaries)

₹9 L/yr - ₹19.6 L/yr

Credit Officer Salary

(3 salaries)

₹2.2 L/yr - ₹3.5 L/yr

Top skills at IIFL Finance for Credit Manager

Credit Underwriting Credit Appraisal Underwriting Credit Management SME Business Loan Credit Assessment Credit Analysis Personal Loans Credit Risk Credit TL Credit Monitoring Credit Risk Analysis Team Leading

Salary related reviews for IIFL Finance

4.5

Rated by 5 employees for salary & benefits

Credit Manager in Kolkata, Shakespeare Sarani, 700017.

BFSI, Investments & Trading Department

5.0

• posted on 05 Aug 2020

3.0

for Salary and Benefits

Likes

Teammates are supportive. Office environment are good & fair. Yearly hike in salary & bonus given. Company policy is workable & fair.

Skill development - Excellent

+1 more

Dislikes

...n in current covid 19 period as well as they're given notice entire credit team.salary deducted , no bonus & hike given in last financial.

Job security - Poor

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

see more salary related reviews

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What people are saying about IIFL Finance

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an internal auditor

Offer related guidance

Hi there, I need a little clarity. I am currently working as a Manager in an NBFC from the past 2.5 yrs. My current CTC is 7.7 Lpa fixed. I've an offer in hand with a CTC of 9.7 LPA but with a designation lower than manager i.e. DM. What is your take on it? Should I accept the offer? Is it a fair pay?

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IIFL Finance Credit Manager Salary FAQs

What is the salary of Credit Manager at IIFL Finance Mumbai?

Credit Manager salary at IIFL Finance in Mumbai ranges between ₹2.8 Lakhs to ₹10.1 Lakhs for less than 1 year of experience to 10 years. According to our estimates it is 19% less than the average Credit Manager Salary in India. Salary estimates are based on 51 latest salaries received from various employees of IIFL Finance Mumbai.

How does the salary of a Credit Manager at IIFL Finance Mumbai compare with the average salary range for this job?

The average salary of a Credit Manager at IIFL Finance is 19% less than the average salary of a Credit Manager in Mumbai. To know exact salary insights, login to view.

What are the top skills required to work as a Credit Manager at IIFL Finance?

Credit Underwriting, Credit Appraisal, Underwriting, Credit Management and SME are some of the popular skills required to work as a Credit Manager at IIFL Finance Mumbai.

Which similar companies are paying more than IIFL Finance to a Credit Manager in Mumbai?

ICICI Bank Credit Manager Salary - ₹4.0 Lakhs to ₹16.5 Lakhs per year
Axis Bank Credit Manager Salary - ₹4.0 Lakhs to ₹15.3 Lakhs per year
Kotak Mahindra Bank Credit Manager Salary - ₹4.0 Lakhs to ₹13.0 Lakhs per year
L&T Finance Credit Manager Salary - ₹6.0 Lakhs to ₹12.7 Lakhs per year
HDFC Bank Credit Manager Salary - ₹4.0 Lakhs to ₹15.0 Lakhs per year

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

Kotak Mahindra Prime Credit Manager Salary - ₹4.5 Lakhs to ₹11.0 Lakhs per year
Yes Bank Credit Manager Salary - ₹4.6 Lakhs to ₹14.0 Lakhs per year
IDFC FIRST Bank Credit Manager Salary - ₹4.1 Lakhs to ₹12.2 Lakhs per year
Tata Capital Credit Manager Salary - ₹3.0 Lakhs to ₹12.4 Lakhs per year
Aditya Birla Finance Credit Manager Salary - ₹4.6 Lakhs to ₹12.5 Lakhs per year

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

The estimated take-home salary of a Credit Manager at IIFL Finance ranges between ₹50,355 per month to ₹51,543 per month in Mumbai. The take-home salary calculation is based on the average IIFL Finance Credit Manager salary in India which ranges between ₹2.8 Lakhs to ₹10.1 Lakhs per year for employees with less than 1 year of experience to 10 years. Check how did we calculate take home salary?

What is the notice period for Credit Manager at IIFL Finance in Mumbai?

According to AmbitionBox, 56% of the IIFL Finance Credit Managers in Mumbai reported a notice period of 3 Months, 17% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 41 responses on AmbitionBox in last 2 years.

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IIFL Finance Credit Manager Salaries in Mumbai

IIFL Finance Credit Manager salary in Mumbai ranges between ₹2.8 Lakhs to ₹10.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 51 IIFL Finance latest salaries received from various employees of IIFL Finance.