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Magma Housing Finance Area Credit Manager salaries in India

Annual salary range
0 - 17 years exp.
₹8.1 Lakhs - ₹13.8 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Avg. annual salary
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Monthly In-hand Salary

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6% less than the average Area Credit Manager Salary in Financial Services Companies for 0 - 17 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Area Credit Manager Salary
0 - 17 years exp. (3 salaries)
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₹11.5 L/yr - ₹13.8 L/yr

Finance & Accounting
Area Credit Manager Salary
8 years exp. (AmbitionBox Estimate)
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₹7.2 L/yr - ₹8.9 L/yr

Last Updated: 12 Mar 2023

Companies similar to Magma Housing Finance for Area Credit Manager

Company name Avg Annual Salary Open Jobs
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Bajaj Finserv Area Credit Manager Salary

4 - 14 years exp. (92 salaries)

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₹4.8 L/yr - ₹13.9 L/yr

arrow icon 13% less
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₹8 L/yr - ₹18 L/yr

arrow icon 15% more
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Aditya Birla Capital Area Credit Manager Salary

7 - 12 years exp. (64 salaries)

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₹8.7 L/yr - ₹20.5 L/yr

arrow icon 24% more
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Edelweiss Area Credit Manager Salary

3 - 11 years exp. (40 salaries)

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₹7.3 L/yr - ₹19 L/yr

arrow icon 2% less
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JM Financial Area Credit Manager Salary

5 - 15 years exp. (9 salaries)

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₹14 L/yr - ₹18 L/yr

arrow icon 41% more
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Reliance Capital Area Credit Manager Salary

6 - 14 years exp. (7 salaries)

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₹8.9 L/yr - ₹19 L/yr

arrow icon 36% more
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Satya MicroCapital Area Credit Manager Salary

3 - 10 years exp. (6 salaries)

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₹2.1 L/yr - ₹4.1 L/yr

arrow icon 69% less
Area Credit Manager salary at Magma Housing Finance ranges between ₹8.1 Lakhs to ₹13.8 Lakhs per year for employees with less than 1 year of experience to 17 years. Salary estimates are based on 5 latest salaries received from various employees of Magma Housing Finance.

Latest annual salaries shared by Magma Housing Finance Area Credit Manager

1y ago
₹13.8 Lakhs
9 years exp.
1y ago
₹8.1 Lakhs
8 years exp.
1y ago
₹12 Lakhs
17 years exp.
1y ago
₹11.5 Lakhs
13 years exp.

Experience wise Magma Housing Finance Area Credit Manager salaries

Last Updated: 12 Mar 2023

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹9.8 L/yr - ₹12.6 L/yr
1 year (AmbitionBox Estimate)

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₹9.9 L/yr - ₹12.6 L/yr
2 years (AmbitionBox Estimate)

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₹9.9 L/yr - ₹12.7 L/yr
3 years (AmbitionBox Estimate)

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₹10 L/yr - ₹12.7 L/yr
4 years (AmbitionBox Estimate)

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₹10 L/yr - ₹12.8 L/yr
View all

Similar Designation salaries in Magma Housing Finance

Zonal Credit Manager Salary
(AmbitionBox Estimate)
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₹31.5 L/yr - ₹40.3 L/yr
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₹4.7 L/yr - ₹12.5 L/yr
Credit Manager Salary
(14 salaries)
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₹3.5 L/yr - ₹10.5 L/yr
Cluster Credit Manager Salary
(AmbitionBox Estimate)
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₹7.4 L/yr - ₹9.4 L/yr
Deputy Credit Manager Salary
(AmbitionBox Estimate)
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₹6.5 L/yr - ₹8.3 L/yr
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₹20 L/yr - ₹24.9 L/yr
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₹3.8 L/yr - ₹5.55 L/yr
Branch Manager Salary
(AmbitionBox Estimate)
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₹7.2 L/yr - ₹9.2 L/yr
Sales Manager Salary
(22 salaries)
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₹3.55 L/yr - ₹10.44 L/yr
Credit Officer Salary
(AmbitionBox Estimate)
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₹3 L/yr - ₹3.8 L/yr

Salary related reviews for Magma Housing Finance

Finance & Accounting Department

3.0
  •  posted on 30 Jun 2022

3.0
 for  Salary and Benefits

Likes

Team work and learning experience was really good for a fresher. Politics was the worst one especially by the senior managers.

read more
  • Job security - Excellent
  • +1 more

Dislikes

Politics especially by the senior managers. Few of them even harassed their subordinates.

  • Work-life balance - Poor

Finance & Accounting Department

3.0
  •  posted on 18 May 2021

2.0
 for  Salary and Benefits

Likes

Job security is there but not growth. You will learn many things in first two years.

Dislikes

Depends on department to department. Poor work culture, higher management will give u lots of work by saying you are senior and you have to manage alone the task of two. Poor team management, seniors will put unnecessary pressure. No good compensation, no leadership quality in bosses. Repetitive and laborious job. No one talks about new idea. Your suggestions will not be consider in front of seniors.

read more
  • Salary - Poor
  • +2 more

Housing Finance Department

5.0
  •  posted on 23 Aug 2020

5.0
 for  Salary and Benefits

Likes

Magma housing finance working culture are good with 100% job satisfaction and job security. Magma help during Covid - 19 lock down through work from home to all employee and after lock down learn all security point like keep mask, keep 3 feet distance, hand wash etc all paint remember to all employee par day. Also Magma housing finance donate some fund in PM Covid - 19 fund which is help for Covid patent. THANKS TO MAGMA FOR GETTING THIS OPPORTUNITY TO ME

read more
  • Salary - Excellent
  • +6 more

Dislikes

Sorry no dislike things

Other Department

1.0
  •  posted on 11 Oct 2020

1.0
 for  Salary and Benefits

Likes

No supporting any employee. Only marketing publicity found transfer for pm account. With employee curshel situation covid19 time. my personal.

read more

Dislikes

Magma company is super competaion to banks.but heads is very dangers, politics,

  • Salary - Bad
  • +6 more

Home Loan Department

5.0
  •  posted on 22 Jun 2020

5.0
 for  Salary and Benefits

Likes

The company is adaptive toward new and updated technology and changes with the current scenario. Teach a lot to the employee about the policies, work enhancement by their training sessions and empower them to give their best.

read more
  • Salary - Excellent
  • +5 more

Dislikes

Company have decent schedule and work culture but not respected and practice by the team. Late night working, holidays forcefully working, more then 12 hours working, office politics, etc

read more
  • Work-life balance - Poor
see more salary related reviews

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Magma Housing Finance Area Credit Manager Salary FAQs

What is the salary of Area Credit Manager at Magma Housing Finance ?
The average salary of a Area Credit Manager at Magma Housing Finance in India typically ranges from ₹8.1 Lakhs to ₹13.8 Lakhs per year, depending on experience (from Fresher to 17 years).

The top 10% of Area Credit Manager at Magma Housing Finance earn more than ₹13.8 Lakhs per year, and the top 1% earn over ₹13.8 Lakhs per year. Area Credit Manager Salaries at Magma Housing Finance 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 5 Magma Housing Finance employees in India.
What is the estimated take home salary of a Area Credit Manager at Magma Housing Finance in India?
The estimated take-home salary of a Area Credit Manager at Magma Housing Finance in India typically ranges from ₹80,906 to ₹83,014 per month. This is based on the average salary range of ₹8.1 Lakhs to ₹13.8 Lakhs per year for employees with experience ranging from Fresher to 17 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 5 salaries received from various employees of Magma Housing Finance. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Magma Housing Finance for Area Credit Manager in India?
JM Financial ₹14.0 Lakhs to ₹18.0 Lakhs per year
Reliance Capital ₹8.9 Lakhs to ₹19.0 Lakhs per year
Aditya Birla Capital ₹8.7 Lakhs to ₹20.5 Lakhs per year
Aditya Birla Housing Finance ₹8.0 Lakhs to ₹18.0 Lakhs per year

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

Edelweiss ₹7.3 Lakhs to ₹19.0 Lakhs per year
Bajaj Finserv ₹4.8 Lakhs to ₹13.9 Lakhs per year
Satya MicroCapital ₹2.1 Lakhs to ₹4.1 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 Area Credit Manager at Magma Housing Finance in India?
The salary growth for a Area Credit Manager at Magma Housing Finance depends on factors such as experience, performance, and promotions. On average, a Area Credit Manager can expect the following growth trajectory at Magma Housing Finance:

Experience Average Salary Range
Fresher ₹9.8 Lakhs to ₹12.6 Lakhs per year
1 year ₹9.9 Lakhs to ₹12.6 Lakhs per year
2 years ₹9.9 Lakhs to ₹12.7 Lakhs per year
3 years ₹10.0 Lakhs to ₹12.7 Lakhs per year
and so on.

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Magma Housing Finance Area Credit Manager salary in India ranges between ₹8.1 Lakhs to ₹13.8 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 5 Magma Housing Finance latest salaries received from various employees of Magma Housing Finance.