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Mag Finserv Company Credit Officer salaries in India

Annual salary range
0 - 2 years exp.
₹1.8 Lakh - ₹4.5 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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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
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NeoGrowth Credit Credit Officer Salary

0 - 6 years exp. (46 salaries)

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₹2 L/yr - ₹3.6 L/yr

arrow icon 7% less
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Hindusthan Microfinance Credit Officer Salary

2 - 7 years exp. (16 salaries)

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₹2.1 L/yr - ₹3.2 L/yr

arrow icon 10% less
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Varthana Credit Officer Salary

1 - 7 years exp. (15 salaries)

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₹2.9 L/yr - ₹4.7 L/yr

arrow icon 18% more
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Sewa Grih Rin Credit Officer Salary

0 - 6 years exp. (11 salaries)

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₹2.5 L/yr - ₹4.2 L/yr

arrow icon 2% more
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Poonawalla Finance Credit Officer Salary

0 - 8 years exp. (8 salaries)

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₹2.2 L/yr - ₹4.3 L/yr

At par
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Ratnaafin Capital Credit Officer Salary

0 - 4 years exp. (7 salaries)

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₹3 L/yr - ₹4 L/yr

arrow icon 11% more
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₹2.4 L/yr - ₹3.2 L/yr

arrow icon 10% less
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ECL Finance Credit Officer Salary

1 - 5 years exp. (7 salaries)

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₹2.7 L/yr - ₹3.5 L/yr

arrow icon 3% more
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Jumbo Finvest India Credit Officer Salary

3 - 7 years exp. (6 salaries)

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₹2.1 L/yr - ₹4.3 L/yr

arrow icon 12% more
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Rattanindia Finance Credit Officer Salary

1 - 3 years exp. (6 salaries)

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₹2.2 L/yr - ₹3.3 L/yr

arrow icon 17% less
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Srg Housing Finance Credit Officer Salary

2 - 6 years exp. (5 salaries)

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₹2 L/yr - ₹3 L/yr

arrow icon 26% less
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Dmi Finance Credit Officer Salary

2 - 9 years exp. (5 salaries)

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₹3.1 L/yr - ₹4.6 L/yr

arrow icon 28% more
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₹2.3 L/yr - ₹3.5 L/yr

arrow icon 10% less
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Wheels Emi Credit Officer Salary

2 - 10 years exp. (4 salaries)

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₹1.8 L/yr - ₹4 L/yr

arrow icon 8% less
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Pooja Finelease Credit Officer Salary

0 - 12 years exp. (4 salaries)

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₹1.7 L/yr - ₹3.6 L/yr

arrow icon 25% less
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₹3 L/yr - ₹3.5 L/yr

arrow icon 3% more
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Yogakshemam Loans Credit Officer Salary

1 - 13 years exp. (3 salaries)

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₹2.7 L/yr - ₹3.5 L/yr

arrow icon 5% less
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.

Latest annual salaries shared by Mag Finserv Company Credit Officer

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2 years exp.
11mo ago
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1 year exp.
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5 months exp.

Experience wise Mag Finserv Company Credit Officer salaries

Last Updated: 26 Dec 2024

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹4.1 L/yr - ₹5.2 L/yr
1 year (AmbitionBox Estimate)

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₹2.8 L/yr - ₹3.6 L/yr
2 years (AmbitionBox Estimate)

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₹1.6 L/yr - ₹2.1 L/yr

Similar Designation salaries in Mag Finserv Company

Credit Manager Salary
(4 salaries)
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₹2.2 L/yr - ₹4.6 L/yr
Sales Officer Salary
(AmbitionBox Estimate)
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₹0.7 L/yr - ₹0.9 L/yr
Credit Executive Salary
(AmbitionBox Estimate)
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₹1.6 L/yr - ₹2.1 L/yr
Branch Manager Salary
(11 salaries)
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₹2.88 L/yr - ₹5.34 L/yr
Sales Manager Salary
(AmbitionBox Estimate)
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₹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

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.

read more

Dislikes

Plz dont join that company otherwise your career will stop

  • Salary - Bad
  • +6 more

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.

read more
  • Salary - Bad
  • +6 more
see more salary related reviews

Mag Finserv Company Credit Officer Salary FAQs

What is the salary of Credit Officer at Mag Finserv Company ?
The average salary of a Credit Officer at Mag Finserv Company in India typically ranges from ₹1.8 Lakhs to ₹4.5 Lakhs per year, depending on experience (from Fresher to 2 years).

The top 10% of Credit Officer at Mag Finserv Company earn more than ₹4.5 Lakhs per year, and the top 1% earn over ₹4.5 Lakhs per year. Credit Officer Salaries at Mag Finserv Company 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 4 Mag Finserv Company employees in India.
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 in India typically ranges from ₹22,703 to ₹24,176 per month. This is based on the average salary range of ₹1.8 Lakhs to ₹4.5 Lakhs per year for employees with experience ranging from Fresher to 2 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 4 salaries received from various employees of Mag Finserv Company. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Credit Officer at Mag Finserv Company ?
To be a Credit Officer at Mag Finserv Company in india, the key skills required include:

  • - Analytical skills
  • - Microfinance
  • - Team Skills
  • - Credit Risk Analysis
  • - Credit Evaluation

These skills are highly valued at Mag Finserv Company and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than Mag Finserv Company for Credit Officer in India?
Dmi Finance ₹3.1 Lakhs to ₹4.6 Lakhs per year
Varthana ₹2.9 Lakhs to ₹4.7 Lakhs per year
Jumbo Finvest India ₹2.1 Lakhs to ₹4.3 Lakhs per year
Ratnaafin Capital ₹3.0 Lakhs to ₹4.0 Lakhs per year
ECL Finance ₹2.7 Lakhs to ₹3.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Mag Finserv Company, depending on the role and experience level.
What is the salary of a Credit Officer in companies similar to Mag Finserv Company in India?
The salary of a Credit Officer at companies similar to Mag Finserv Company in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Anand Rathi Global Finance ₹3.0 Lakhs to ₹3.5 Lakhs per year
Sewa Grih Rin ₹2.5 Lakhs to ₹4.2 Lakhs per year
Poonawalla Finance ₹2.2 Lakhs to ₹4.3 Lakhs per year
Yogakshemam Loans ₹2.7 Lakhs to ₹3.5 Lakhs per year
NeoGrowth Credit ₹2.0 Lakhs to ₹3.6 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 Officer at Mag Finserv Company in India?
The salary growth for a Credit Officer at Mag Finserv Company depends on factors such as experience, performance, and promotions. On average, a Credit Officer can expect the following growth trajectory at Mag Finserv Company:

Experience Average Salary Range
Fresher ₹4.1 Lakhs to ₹5.2 Lakhs per year
1 year ₹2.8 Lakhs to ₹3.6 Lakhs per year
2 years ₹1.6 Lakhs to ₹2.1 Lakhs per year
and so on.

Tell us how to improve this page.

Mag Finserv Company Credit Officer salary in India ranges between ₹1.8 Lakh to ₹4.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Mag Finserv Company latest salaries received from various employees of Mag Finserv Company.