Kotak Mahindra Prime Credit Associate Salaries by 8 Employees (Updated 2025)

2 - 3 years exp.

₹1.9 Lakh - ₹4.5 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

31% less than the average Credit Associate Salary in NBFC Companies for 2 - 3 years of experience

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Salaries in different departments

Finance & Accounting Credit Associate Salary 2 - 3 years exp. (5 salaries)	₹1.9 L/yr - ₹4.5 L/yr
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Customer Success, Service & Operations Credit Associate Salary 2 years exp. (AmbitionBox Estimate)	₹2.5 L/yr - ₹3 L/yr

Last Updated: 21 Mar 2025

Companies similar to Kotak Mahindra Prime for Credit Associate

Company name	Avg Annual Salary	Open Jobs
Mahindra Rural Housing Finance Credit Associate Salary 0 - 5 years exp. (75 salaries)	₹1.3 L/yr - ₹2.4 L/yr 41% less
InCred Finance Credit Associate Salary 0 - 5 years exp. (7 salaries)	₹1 L/yr - ₹2.8 L/yr 22% less
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Hero FinCorp Credit Associate Salary 4 - 6 years exp. (5 salaries)	₹4 L/yr - ₹7.2 L/yr 71% more
PNB Housing Finance Credit Associate Salary 1 - 8 years exp. (4 salaries)	₹2.7 L/yr - ₹4 L/yr 10% more
Muthoottu Mini Financiers Credit Associate Salary 2 - 3 years exp. (3 salaries)	₹1 L/yr - ₹2.4 L/yr 30% less

Credit Associate salary at Kotak Mahindra Prime ranges between ₹1.9 Lakh to ₹4.5 Lakhs per year for employees with experience between 2 years to 3 years. Salary estimates are based on 8 latest salaries received from various employees of Kotak Mahindra Prime.

Experience wise Kotak Mahindra Prime Credit Associate salaries

Last Updated: 21 Mar 2025

Experience	Avg Annual Salary
2 years (6 salaries)	₹1.9 L/yr - ₹3.7 L/yr
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3 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.5 L/yr

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Salary related reviews for Kotak Mahindra Prime

3.1

Rated by 2 employees for salary & benefits

Deputy Manager in Ajmer

Full Time

Sales & Business Development Department

3.0

• posted on 26 Jul 2024

2.0

for Salary and Benefits

Likes

Job stability, transfers, open door policy.

Job security - Excellent

Dislikes

No Promotion policy is defined or followed. No considerable salary hike. You can be sitting at the same salary forever if you don’t switch. Office politics cannot even be described in words. No bonus.

Salary - Poor

+2 more

Deputy Manager in Goregaon

Other Department

3.0

• posted on 24 Jan 2021

2.0

for Salary and Benefits

Likes

Great company culture. No pay cuts even in pandemic times. Overall great company to work. But the growth prospects is very slow. Yearly appraisals are below expectations.

Job security - Excellent

+2 more

Dislikes

Mid management involved in politics and favourism based on religion.

Salary - Poor

+2 more

Relationship Manager in Nagpur

Finance Department

5.0

• posted on 24 Jan 2020

4.0

for Salary and Benefits

Likes

... and the culture of the company is excellent, teammates and Superiors are very supportive, need to chnge salary structure, appraisal ratings are too good, learning policies are advanced, work environment is excellent, excellent company for work satisfaction and stability,

Salary - Good

+6 more

Dislikes

Salary structure need to be change

Senior Manager in Goregaon

Full Time

Finance & Accounting Department

4.0

• posted on 09 May 2023

3.0

for Salary and Benefits

Likes

There is an open door policy,we can anytime directly interact with management.

Job security - Good

+3 more

Dislikes

The only point i would like to highlight is the company should think about salary structure for employee is very low compared to other banking industry. As per the grade the salary doesn't Match.

Senior Area Sales Manager in Madurai

Full Time

Sales & Business Development Department

4.0

• posted on 30 Dec 2022

3.0

for Salary and Benefits

Likes

Work culture, individual development, ownership, Job security hi level management recognition and appreciation is good.

Skill development - Good

+5 more

Dislikes

Pay level and incentives not match with market but if our performance is good we get all things

see more salary related reviews

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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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Kotak Mahindra Prime Credit Associate Salary FAQs

What is the salary of Credit Associate at Kotak Mahindra Prime ?

The average salary of a Credit Associate at Kotak Mahindra Prime in India typically ranges from ₹1.9 Lakhs to ₹4.5 Lakhs per year, depending on experience (from 2 years to 3 years).

The top 10% of Credit Associate at Kotak Mahindra Prime earn more than ₹4.3 Lakhs per year, and the top 1% earn over ₹4.5 Lakhs per year. Credit Associate Salaries at Kotak Mahindra Prime 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 8 Kotak Mahindra Prime employees in India.

What is the estimated take home salary of a Credit Associate at Kotak Mahindra Prime in India?

The estimated take-home salary of a Credit Associate at Kotak Mahindra Prime in India typically ranges from ₹22,146 to ₹23,627 per month. This is based on the average salary range of ₹1.9 Lakhs to ₹4.5 Lakhs per year for employees with experience ranging from 2 years to 3 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 8 salaries received from various employees of Kotak Mahindra Prime. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Kotak Mahindra Prime for Credit Associate in India?

Hero FinCorp	₹4.0 Lakhs to ₹7.2 Lakhs per year
PNB Housing Finance	₹2.7 Lakhs to ₹4.0 Lakhs per year

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

What is the salary of a Credit Associate in companies similar to Kotak Mahindra Prime in India?

The salary of a Credit Associate at companies similar to Kotak Mahindra Prime in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

InCred Finance	₹1.0 Lakhs to ₹2.8 Lakhs per year
Muthoottu Mini Financiers	₹1.0 Lakhs to ₹2.4 Lakhs per year
Mahindra Rural Housing Finance	₹1.3 Lakhs to ₹2.4 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 Associate at Kotak Mahindra Prime in India?

The salary growth for a Credit Associate at Kotak Mahindra Prime depends on factors such as experience, performance, and promotions. On average, a Credit Associate can expect the following growth trajectory at Kotak Mahindra Prime:

Experience	Average Salary Range
2 years	₹1.9 Lakhs to ₹3.7 Lakhs per year
3 years	₹3.2 Lakhs to ₹4.5 Lakhs per year

and so on.

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Kotak Mahindra Prime Credit Associate Salaries

Kotak Mahindra Prime Credit Associate salary in India ranges between ₹1.9 Lakh to ₹4.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 Kotak Mahindra Prime latest salaries received from various employees of Kotak Mahindra Prime.