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

0 - 2 years exp.

₹1.8 Lakh - ₹4.5 Lakhs

Salary of majority employees

13% less than the average Credit Officer Salary in NBFC Companies for 0 - 2 years of experience

Interested in this particular role?

Last Updated: 26 Dec 2024

Companies similar to Mag Finserv Company for Credit Officer

Company name	Avg Annual Salary	Open Jobs
NeoGrowth Credit Credit Officer Salary 0 - 6 years exp. (44 salaries)	₹2 L/yr - ₹3.6 L/yr 7% less
Hindusthan Microfinance Credit Officer Salary 2 - 9 years exp. (18 salaries)	₹2.1 L/yr - ₹3 L/yr 11% less
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Varthana Credit Officer Salary 1 - 7 years exp. (15 salaries)	₹2.9 L/yr - ₹4.7 L/yr 18% more
Ratnaafin Capital Credit Officer Salary 0 - 4 years exp. (7 salaries)	₹3 L/yr - ₹4 L/yr 11% more
Muthoot Housing Finance Company Credit Officer Salary 2 - 7 years exp. (7 salaries)	₹2.4 L/yr - ₹3.2 L/yr 10% less
ECL Finance Credit Officer Salary 1 - 5 years exp. (7 salaries)	₹2.7 L/yr - ₹3.5 L/yr 3% more
Jumbo Finvest India Credit Officer Salary 3 - 7 years exp. (6 salaries)	₹2.1 L/yr - ₹4.3 L/yr 12% more
Sewa Grih Rin Credit Officer Salary 3 - 6 years exp. (7 salaries)	₹2.5 L/yr - ₹3.7 L/yr 7% less
Rattanindia Finance Credit Officer Salary 1 - 3 years exp. (6 salaries)	₹2.2 L/yr - ₹3.3 L/yr 17% less
Poonawalla Finance Credit Officer Salary 0 - 8 years exp. (6 salaries)	₹2.2 L/yr - ₹4.3 L/yr At par
Wheels Emi Credit Officer Salary 2 - 10 years exp. (5 salaries)	₹1.8 L/yr - ₹4 L/yr 6% less
Login to view exact salary
Srg Housing Finance Credit Officer Salary 2 - 6 years exp. (5 salaries)	₹2 L/yr - ₹3 L/yr 26% less
Dmi Finance Credit Officer Salary 2 - 8 years exp. (5 salaries)	₹3.1 L/yr - ₹4.6 L/yr 28% more
BOBCARD Ltd. Credit Officer Salary 1 - 4 years exp. (5 salaries)	₹3.4 L/yr - ₹3.8 L/yr 19% more
Altum Credo Home Finance Credit Officer Salary 0 - 4 years exp. (5 salaries)	₹2.3 L/yr - ₹3.5 L/yr 10% less
Anand Rathi Global Finance Credit Officer Salary 4 - 5 years exp. (3 salaries)	₹3 L/yr - ₹3.5 L/yr 3% more

Credit Officer salary at Mag Finserv Company ranges between ₹1.8 Lakh to ₹4.5 Lakhs per year for employees with less than 1 year of experience to 2 years. Salary estimates are based on 4 latest salaries received from various employees of Mag Finserv Company.

Experience wise Mag Finserv Company Credit Officer salaries

Last Updated: 26 Dec 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.2 L/yr
1 year (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr
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2 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹2.1 L/yr

Similar Designation salaries in Mag Finserv Company

Credit Manager Salary

(4 salaries)

₹2.2 L/yr - ₹4.6 L/yr

Sales Officer Salary

(AmbitionBox Estimate)

₹0.7 L/yr - ₹0.9 L/yr

Credit Executive Salary

(AmbitionBox Estimate)

₹1.6 L/yr - ₹2.1 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

Top skills at Mag Finserv Company for Credit Officer

Analytical skills Microfinance Team Skills Credit Risk Analysis Credit Evaluation

Salary related reviews for Mag Finserv Company

5.0

Rated by 2 employees for salary & benefits

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

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Top trending discussions

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Salary Discussions, Hike & Promotions

Salary Negotiation in an interview

Hi, I have had a first round of interview with the company. And mentioned my salary expectations as 15- 20% from my previous LPA. But after that I feel like I have undervalued my expectations. Being in the field for 9 years with the required skill, considering the market and the prospect company is a well known builder, i should have asked more. Anyway a face to face interview is scheduled next week. How to ask them a higher salary from what I have mentioned earlier. And how much I can ask more. Please help. Thanks in advance.

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Mag Finserv Company Credit Officer Salary FAQs

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

Credit Officer salary at Mag Finserv Company in India ranges between ₹1.8 Lakhs to ₹4.5 Lakhs for less than 1 year of experience to 2 years. According to our estimates it is 13% less than the average Credit Officer 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 Officer at Mag Finserv Company India compare with the average salary range for this job?

The average salary of a Credit Officer at Mag Finserv Company is 13% less than the average salary of a Credit Officer in India. To know exact salary insights, login to view.

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

Analytical skills, Microfinance, Team Skills, Credit Risk Analysis and Credit Evaluation are some of the popular skills required to work as a Credit Officer at Mag Finserv Company India.

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

Dmi Finance Credit Officer Salary - ₹3.1 Lakhs to ₹4.6 Lakhs per year
BOBCARD Ltd. Credit Officer Salary - ₹3.4 Lakhs to ₹3.8 Lakhs per year
Varthana Credit Officer Salary - ₹2.9 Lakhs to ₹4.7 Lakhs per year
Jumbo Finvest India Credit Officer Salary - ₹2.1 Lakhs to ₹4.3 Lakhs per year
Ratnaafin Capital Credit Officer Salary - ₹3.0 Lakhs to ₹4.0 Lakhs per year

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

ECL Finance Credit Officer Salary - ₹2.7 Lakhs to ₹3.5 Lakhs per year
Anand Rathi Global Finance Credit Officer Salary - ₹3.0 Lakhs to ₹3.5 Lakhs per year
Poonawalla Finance Credit Officer Salary - ₹2.2 Lakhs to ₹4.3 Lakhs per year
Wheels Emi Credit Officer Salary - ₹1.8 Lakhs to ₹4.0 Lakhs per year
NeoGrowth Credit Credit Officer Salary - ₹2.0 Lakhs to ₹3.6 Lakhs per year

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

The estimated take-home salary of a Credit Officer at Mag Finserv Company ranges between ₹22,703 per month to ₹24,176 per month in India. The take-home salary calculation is based on the average Mag Finserv Company Credit Officer salary in India which ranges between ₹1.8 Lakhs to ₹4.5 Lakhs per year for employees with less than 1 year of experience to 2 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 50% of the Mag Finserv Company Credit Officers reported a notice period of 15 days or less, 50% reported a notice period of 1 Month.This is based on 4 responses on AmbitionBox in last 2 years.

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Mag Finserv Company Credit Officer Salaries

Mag Finserv Company Credit Officer salary in India ranges between ₹1.8 Lakh to ₹4.5 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.