Mag Finserv Company Credit Manager Salaries by 4 Employees (Updated 2025)

3 - 5 years exp.

₹2.2 Lakhs - ₹4.6 Lakhs

Salary of majority employees

56% less than the average Credit Manager Salary in NBFC Companies for 3 - 5 years of experience

Interested in this particular role?

Salaries in different departments

Risk Management & Compliance Credit Manager Salary 4 - 5 years exp. (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.6 L/yr
Login to view exact salary
Finance & Accounting Credit Manager Salary 3 years exp. (AmbitionBox Estimate)	₹2 L/yr - ₹2.4 L/yr

Last Updated: 17 Mar 2023

Companies similar to Mag Finserv Company for Credit Manager

Company name	Avg Annual Salary	Open Jobs
Poonawalla Finance Credit Manager Salary 2 - 10 years exp. (37 salaries)	₹3 L/yr - ₹10 L/yr 83% more
Varthana Credit Manager Salary 5 - 11 years exp. (30 salaries)	₹5 L/yr - ₹10 L/yr 102% more	1 job opening
Login to view exact salary
Muthoot Housing Finance Company Credit Manager Salary 2 - 10 years exp. (20 salaries)	₹4 L/yr - ₹7.8 L/yr 63% more
Srg Housing Finance Credit Manager Salary 0 - 6 years exp. (13 salaries)	₹2.3 L/yr - ₹6.1 L/yr 22% more
Ratnaafin Capital Credit Manager Salary 1 - 16 years exp. (14 salaries)	₹4.7 L/yr - ₹9 L/yr 89% more
ECL Finance Credit Manager Salary 0 - 7 years exp. (13 salaries)	₹5 L/yr - ₹8 L/yr 79% more
Rattanindia Finance Credit Manager Salary 2 - 8 years exp. (13 salaries)	₹3 L/yr - ₹8.5 L/yr 56% more
Anand Rathi Global Finance Credit Manager Salary 0 - 4 years exp. (12 salaries)	₹4.6 L/yr - ₹10.5 L/yr 141% more	1 job opening
Inditrade Capital Credit Manager Salary 1 - 5 years exp. (6 salaries)	₹3.5 L/yr - ₹6 L/yr 23% more
Indian School Finance Company Credit Manager Salary 1 - 10 years exp. (6 salaries)	₹4 L/yr - ₹6.8 L/yr 61% more
Wheels Emi Credit Manager Salary 5 - 10 years exp. (6 salaries)	₹3 L/yr - ₹6.5 L/yr 33% more
Login to view exact salary
Hinduja Finance Credit Manager Salary 0 - 7 years exp. (6 salaries)	₹3.6 L/yr - ₹8.5 L/yr 66% more
Sustainable Agro-commercial Finance Credit Manager Salary 8 - 9 years exp. (5 salaries)	₹3 L/yr - ₹6.3 L/yr 45% more
Volkswagen Finance Credit Manager Salary 5 - 7 years exp. (4 salaries)	₹10.4 L/yr - ₹18 L/yr 304% more
Jumbo Finvest India Credit Manager Salary 1 - 23 years exp. (4 salaries)	₹2 L/yr - ₹6.7 L/yr 23% more
Sewa Grih Rin Credit Manager Salary 4 - 7 years exp. (4 salaries)	₹3.5 L/yr - ₹4.9 L/yr 15% more
PayMe India Credit Manager Salary 2 - 7 years exp. (4 salaries)	₹4.1 L/yr - ₹6.6 L/yr 21% more
Arthan Finance Credit Manager Salary 4 - 6 years exp. (3 salaries)	₹3.9 L/yr - ₹4.2 L/yr 17% more

Credit Manager salary at Mag Finserv Company ranges between ₹2.2 Lakhs to ₹4.6 Lakhs per year for employees with experience between 3 years to 5 years. Salary estimates are based on 4 latest salaries received from various employees of Mag Finserv Company.

Experience wise Mag Finserv Company Credit Manager salaries

Last Updated: 17 Mar 2023

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹3.1 L/yr
4 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.4 L/yr
Login to view exact salary
5 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.3 L/yr

Similar Designation salaries in Mag Finserv Company

Credit Officer Salary

(4 salaries)

₹1.8 L/yr - ₹4.5 L/yr

Branch Manager Salary

(13 salaries)

₹2.88 L/yr - ₹5.34 L/yr

Sales Manager Salary

(AmbitionBox Estimate)

₹1.8 L/yr - ₹2.3 L/yr

Credit Executive Salary

(AmbitionBox Estimate)

₹1.6 L/yr - ₹2.1 L/yr

Sales Officer Salary

(AmbitionBox Estimate)

₹0.7 L/yr - ₹0.9 L/yr

Top skills at Mag Finserv Company for Credit Manager

Credit Management Financial operations Microfinance NBFC Business Loan Housing Banking

Salary related reviews for Mag Finserv Company

Product Manager in Belgaum

BFSI, Investments & Trading Department

1.0

• posted on 10 Jun 2020

1.0

for Salary and Benefits

Likes

Very worst company they didn't given my 1 month salary & my deducted 3 month's Security deposit Amount also, management very worst, they will not support & they will not given any esic,pf, benefits to employees totally worst company.

Dislikes

Plz dont join that company otherwise your career will stop

Salary - Bad

+6 more

Department Manager in Pune

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 09 Feb 2024

1.0

for Salary and Benefits

Likes

Only few of my colleagues I met . And nothing is good thr.

Dislikes

As a employee I have seen worst time in my career with this company. Toxic environment,toxic people which can, politics and blamming games only no appreciations ever ,old employees cannot digest changes and new people their . Many of them will keep putting their nose in your business like it's theirs . No support, and authority given but expectations are high with no patience ,no job security,they can do anything without notice . No Peace and satisfaction You will leave only with bad memories. Thanks.

Salary - Bad

+6 more

see more salary related reviews

Top trending discussions

View All

Salary Discussions, Hike & Promotions

fathersahaab

works at

AmbitionBox

New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

Got a question about Mag Finserv Company?

Ask anonymously on communities.

Mag Finserv Company Credit Manager Salary FAQs

What is the salary of Credit Manager at Mag Finserv Company?

Credit Manager salary at Mag Finserv Company in India ranges between ₹2.2 Lakhs to ₹4.6 Lakhs for experience between 3 years to 5 years. According to our estimates it is 56% less than the average Credit Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Mag Finserv Company India.

How does the salary of a Credit Manager at Mag Finserv Company India compare with the average salary range for this job?

The average salary of a Credit Manager at Mag Finserv Company is 56% less than the average salary of a Credit Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Credit Manager at Mag Finserv Company?

Credit Management, Financial operations, Microfinance, NBFC and Business Loan are some of the popular skills required to work as a Credit Manager at Mag Finserv Company India.

Which similar companies are paying more than Mag Finserv Company to a Credit Manager in India?

Volkswagen Finance Credit Manager Salary - ₹10.4 Lakhs to ₹18.0 Lakhs per year
Anand Rathi Global Finance Credit Manager Salary - ₹4.6 Lakhs to ₹10.5 Lakhs per year
Varthana Credit Manager Salary - ₹5.0 Lakhs to ₹10.0 Lakhs per year
Ratnaafin Capital Credit Manager Salary - ₹4.7 Lakhs to ₹9.0 Lakhs per year
Poonawalla Finance Credit Manager Salary - ₹3.0 Lakhs to ₹10.0 Lakhs per year

What is the salary of a Credit Manager in companies similar to Mag Finserv Company in India?

ECL Finance Credit Manager Salary - ₹5.0 Lakhs to ₹8.0 Lakhs per year
Hinduja Finance Credit Manager Salary - ₹3.6 Lakhs to ₹8.5 Lakhs per year
Muthoot Housing Finance Company Credit Manager Salary - ₹4.0 Lakhs to ₹7.8 Lakhs per year
Indian School Finance Company Credit Manager Salary - ₹4.0 Lakhs to ₹6.8 Lakhs per year
Rattanindia Finance Credit Manager Salary - ₹3.0 Lakhs to ₹8.5 Lakhs per year

What is the estimated take home salary of a Credit Manager at Mag Finserv Company in India?

The estimated take-home salary of a Credit Manager at Mag Finserv Company ranges between ₹25,113 per month to ₹26,550 per month in India. The take-home salary calculation is based on the average Mag Finserv Company Credit Manager salary in India which ranges between ₹2.2 Lakhs to ₹4.6 Lakhs per year for employees with experience between 3 years to 5 years. Check how did we calculate take home salary?

What is the notice period for Credit Manager at Mag Finserv Company?

According to AmbitionBox, 100% of the Mag Finserv Company Credit Managers reported a notice period of 3 Months.This is based on 1 response on AmbitionBox in last 2 years.

Tell us how to improve this page.

Home >
Salaries >
Mag Finserv Company Salaries >
Mag Finserv Company Credit Manager Salaries

Mag Finserv Company Credit Manager salary in India ranges between ₹2.2 Lakhs to ₹4.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Mag Finserv Company latest salaries received from various employees of Mag Finserv Company.