Magma Housing Finance Credit Manager Salaries by 10+ Employees (Updated 2025)

2 - 10 years exp.

₹3.5 Lakhs - ₹10.5 Lakhs

Salary of majority employees

18% less than the average Credit Manager Salary in Financial Services Companies for 2 - 10 years of experience

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Salaries in different departments

BFSI, Investments & Trading Credit Manager Salary 2 - 10 years exp. (7 salaries)	₹4.2 L/yr - ₹10.5 L/yr
Finance & Accounting Credit Manager Salary 2 - 8 years exp. (5 salaries)	₹3.5 L/yr - ₹8.6 L/yr
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Customer Success, Service & Operations Credit Manager Salary 6 - 7 years exp. (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.4 L/yr

Last Updated: 4 Aug 2024

Companies similar to Magma Housing Finance for Credit Manager

Company name	Avg Annual Salary	Open Jobs
LIC Housing Finance Credit Manager Salary 3 - 13 years exp. (9 salaries)	₹8 L/yr - ₹30 L/yr 191% more
HDFC Bank Credit Manager Salary 0 - 12 years exp. (2.7k salaries)	₹3.5 L/yr - ₹14.1 L/yr 33% more	5 job openings
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Sammaan Capital Limited Credit Manager Salary 1 - 8 years exp. (81 salaries)	₹3 L/yr - ₹9 L/yr 19% less
Piramal Capital Housing Finance Credit Manager Salary 1 - 13 years exp. (284 salaries)	₹3 L/yr - ₹10.3 L/yr 8% more
PNB Housing Finance Credit Manager Salary 0 - 13 years exp. (90 salaries)	₹4.9 L/yr - ₹12.1 L/yr 36% more
Can Fin Homes Credit Manager Salary 4 - 10 years exp. (34 salaries)	₹5.1 L/yr - ₹12 L/yr 50% more
GIC Housing Finance Credit Manager Salary 2 - 4 years exp. (4 salaries)	₹7.5 L/yr - ₹10.3 L/yr 38% more	1 job opening
Repco Home Finance Credit Manager Salary 5 - 15 years exp. (7 salaries)	₹6 L/yr - ₹10 L/yr 16% more
L&T Finance Credit Manager Salary 1 - 9 years exp. (87 salaries)	₹3.2 L/yr - ₹13.1 L/yr 27% more
Edelweiss Credit Manager Salary 0 - 9 years exp. (151 salaries)	₹2.7 L/yr - ₹12 L/yr 8% more
Bajaj Finserv Credit Manager Salary 1 - 9 years exp. (385 salaries)	₹2.5 L/yr - ₹8.5 L/yr 7% less
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Aditya Birla Capital Credit Manager Salary 2 - 10 years exp. (159 salaries)	₹4 L/yr - ₹10.8 L/yr 18% more
Satya MicroCapital Credit Manager Salary 2 - 8 years exp. (27 salaries)	₹3.3 L/yr - ₹8 L/yr 24% less
The Muthoot Group Credit Manager Salary 0 - 11 years exp. (17 salaries)	₹3.8 L/yr - ₹5.9 L/yr 21% less
Reliance Capital Credit Manager Salary 0 - 13 years exp. (7 salaries)	₹6 L/yr - ₹8.4 L/yr 15% more
JM Financial Credit Manager Salary 3 - 9 years exp. (6 salaries)	₹3.6 L/yr - ₹8.6 L/yr 3% more
Sharekhan Credit Manager Salary 2 - 7 years exp. (5 salaries)	₹4 L/yr - ₹8.3 L/yr 19% less
Motilal Oswal Financial Services Credit Manager Salary 0 - 13 years exp. (5 salaries)	₹5.1 L/yr - ₹6.5 L/yr 10% less
Wells Fargo Credit Manager Salary 2 - 11 years exp. (5 salaries)	₹7.7 L/yr - ₹25 L/yr 178% more

Credit Manager salary at Magma Housing Finance ranges between ₹3.5 Lakhs to ₹10.5 Lakhs per year for employees with experience between 2 years to 10 years. Salary estimates are based on 14 latest salaries received from various employees of Magma Housing Finance.

Experience wise Magma Housing Finance Credit Manager salaries

Last Updated: 4 Aug 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹10 L/yr
3 years (3 salaries)	₹4.4 L/yr - ₹7.2 L/yr
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4 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹6.8 L/yr
5 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹7.5 L/yr
6 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹10.5 L/yr
7 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹11.5 L/yr
8 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹10 L/yr
9 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹12 L/yr
10 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹8.8 L/yr

View all

Similar Designation salaries in Magma Housing Finance

Credit Officer Salary

(AmbitionBox Estimate)

₹3 L/yr - ₹3.8 L/yr

Area Credit Manager Salary

(5 salaries)

₹8.05 L/yr - ₹13.8 L/yr

Branch Manager Salary

(AmbitionBox Estimate)

₹7.2 L/yr - ₹9.2 L/yr

Deputy Manager Salary

(AmbitionBox Estimate)

₹6.3 L/yr - ₹8 L/yr

Credit Analyst Salary

(13 salaries)

₹3 L/yr - ₹3.8 L/yr

Zonal Credit Manager Salary

(AmbitionBox Estimate)

₹31.5 L/yr - ₹40.3 L/yr

Sales Manager Salary

(22 salaries)

₹3.55 L/yr - ₹10.44 L/yr

Branch Credit Manager Salary

(22 salaries)

₹4.7 L/yr - ₹12.5 L/yr

Deputy Credit Manager Salary

(AmbitionBox Estimate)

₹6.5 L/yr - ₹8.3 L/yr

Cluster Credit Manager Salary

(AmbitionBox Estimate)

₹7.4 L/yr - ₹9.4 L/yr

Salary related reviews for Magma Housing Finance

3.4

Rated by 6 employees for salary & benefits

Assistant Manager Finance & Accounts in Pune

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.

Job security - Excellent

+1 more

Dislikes

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

Work-life balance - Poor

Associate in Kolkata

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.

Salary - Poor

+2 more

Branch Credit Manager in Gwalior

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

Salary - Excellent

+6 more

Dislikes

Sorry no dislike things

Relationship Manager in Eluru

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.

Dislikes

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

Salary - Bad

+6 more

Assistant Credit Manager in Indore

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.

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

Work-life balance - Poor

see more salary related reviews

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Salary Discussions, Hike & Promotions

1w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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Magma Housing Finance Credit Manager Salary FAQs

What is the salary of Credit Manager at Magma Housing Finance?

Credit Manager salary at Magma Housing Finance in India ranges between ₹3.5 Lakhs to ₹10.5 Lakhs for experience between 2 years to 10 years. According to our estimates it is 18% less than the average Credit Manager Salary in India. Salary estimates are based on 14 latest salaries received from various employees of Magma Housing Finance India.

How does the salary of a Credit Manager at Magma Housing Finance India compare with the average salary range for this job?

The average salary of a Credit Manager at Magma Housing Finance is 18% less than the average salary of a Credit Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than Magma Housing Finance to a Credit Manager in India?

LIC Housing Finance Credit Manager Salary - ₹8.0 Lakhs to ₹30.0 Lakhs per year
Wells Fargo Credit Manager Salary - ₹7.7 Lakhs to ₹25.0 Lakhs per year
Can Fin Homes Credit Manager Salary - ₹5.1 Lakhs to ₹12.0 Lakhs per year
GIC Housing Finance Credit Manager Salary - ₹7.5 Lakhs to ₹10.3 Lakhs per year
PNB Housing Finance Credit Manager Salary - ₹4.9 Lakhs to ₹12.1 Lakhs per year

What is the salary of a Credit Manager in companies similar to Magma Housing Finance in India?

HDFC Bank Credit Manager Salary - ₹3.5 Lakhs to ₹14.1 Lakhs per year
L&T Finance Credit Manager Salary - ₹3.2 Lakhs to ₹13.1 Lakhs per year
Aditya Birla Capital Credit Manager Salary - ₹4.0 Lakhs to ₹10.8 Lakhs per year
Repco Home Finance Credit Manager Salary - ₹6.0 Lakhs to ₹10.0 Lakhs per year
Reliance Capital Credit Manager Salary - ₹6.0 Lakhs to ₹8.4 Lakhs per year

What is the estimated take home salary of a Credit Manager at Magma Housing Finance in India?

The estimated take-home salary of a Credit Manager at Magma Housing Finance ranges between ₹48,582 per month to ₹49,730 per month in India. The take-home salary calculation is based on the average Magma Housing Finance Credit Manager salary in India which ranges between ₹3.5 Lakhs to ₹10.5 Lakhs per year for employees with experience between 2 years to 10 years. Check how did we calculate take home salary?

What is the notice period for Credit Manager at Magma Housing Finance?

According to AmbitionBox, 100% of the Magma Housing Finance Credit Managers reported a notice period of 15 days or less.This is based on 2 responses on AmbitionBox in last 2 years.

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Magma Housing Finance Credit Manager Salaries

Magma Housing Finance Credit Manager salary in India ranges between ₹3.5 Lakhs to ₹10.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 14 Magma Housing Finance latest salaries received from various employees of Magma Housing Finance.