Magma Housing Finance Credit Officer Salaries by 2 Employees (Updated 2024)

2 - 5 years exp.

₹3 Lakhs - ₹3.8 Lakhs

Low Confidence

Salary of majority employees

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Last Updated: 14 Mar 2023

Companies similar to Magma Housing Finance for Credit Officer

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Credit Officer Salary 1 - 8 years exp. (333 salaries)	₹1.3 L/yr - ₹4 L/yr 24% less
Sammaan Capital Limited Credit Officer Salary 0 - 8 years exp. (163 salaries)	₹1.7 L/yr - ₹3.8 L/yr 15% less
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Piramal Capital Housing Finance Credit Officer Salary 1 - 7 years exp. (25 salaries)	₹1.9 L/yr - ₹6.4 L/yr 5% more
PNB Housing Finance Credit Officer Salary 2 - 7 years exp. (8 salaries)	₹2 L/yr - ₹3.5 L/yr 20% less
Can Fin Homes Credit Officer Salary 4 - 8 years exp. (65 salaries)	₹3.2 L/yr - ₹8.5 L/yr 71% more
GIC Housing Finance Credit Officer Salary 1 - 6 years exp. (14 salaries)	₹2.2 L/yr - ₹9.8 L/yr 97% more
REPCO HOME FINANCE Credit Officer Salary 1 - 6 years exp. (13 salaries)	₹3 L/yr - ₹7 L/yr 21% more
L&T Finance Credit Officer Salary 1 - 6 years exp. (46 salaries)	₹1.8 L/yr - ₹4 L/yr 1% less
Edelweiss Credit Officer Salary 0 - 9 years exp. (235 salaries)	₹2 L/yr - ₹4.4 L/yr 2% less
MAS Financial Services Credit Officer Salary 0 - 9 years exp. (114 salaries)	₹1.2 L/yr - ₹5.5 L/yr 3% less	1 job opening
Bajaj Finserv Credit Officer Salary 0 - 3 years exp. (47 salaries)	₹2 L/yr - ₹5.5 L/yr 5% less
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Aditya Birla Capital Credit Officer Salary 0 - 6 years exp. (36 salaries)	₹2.2 L/yr - ₹5.1 L/yr 7% more
Shriram Housing Finance Credit Officer Salary 0 - 6 years exp. (22 salaries)	₹2.3 L/yr - ₹3.6 L/yr 15% less
Muthoot Group Credit Officer Salary 1 - 5 years exp. (9 salaries)	₹1.8 L/yr - ₹2.8 L/yr 31% less
JPMorgan Chase & Co. Credit Officer Salary 0 - 7 years exp. (7 salaries)	₹15 L/yr - ₹45 L/yr 667% more	2 job openings
Satya MicroCapital Credit Officer Salary 0 - 3 years exp. (4 salaries)	₹1.1 L/yr - ₹3 L/yr 39% less
JM Financial Credit Officer Salary 0 - 4 years exp. (4 salaries)	₹2.3 L/yr - ₹3 L/yr 24% less
Wells Fargo Credit Officer Salary 2 - 8 years exp. (4 salaries)	₹12 L/yr - ₹28.6 L/yr 413% more

Credit Officer salary at Magma Housing Finance ranges between ₹3 Lakhs to ₹3.8 Lakhs per year for employees with experience between 2 years to 5 years. Salary estimates are based on 2 latest salaries received from various employees of Magma Housing Finance.

Similar Designation salaries in Magma Housing Finance

Credit Manager Salary

(14 salaries)

₹3.5 L/yr - ₹10.5 L/yr

Sales Officer Salary

(4 salaries)

₹2.5 L/yr - ₹3 L/yr

Credit Analyst Salary

(13 salaries)

₹3 L/yr - ₹3.8 L/yr

Senior Credit Officer Salary

(3 salaries)

₹3 L/yr - ₹3.2 L/yr

Officer Salary

(AmbitionBox Estimate)

₹6.4 L/yr - ₹8.2 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

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

Salary related reviews for Magma Housing Finance

4.6

Rated by 4 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.

Dislikes

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

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.

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

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,

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.

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

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Salary -- Accepted Offer

I accepted an offer where they gave me around 120% hike on current salary, but 2 weeks later I got to know that there are paying other candidates more than me for the same role with even less experience. Can I reach out to HR for salary revision after accepting offer? I still have 3 weeks left for joining. *My interview went really well. But HR low balled just becuase of current salary

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Magma Housing Finance Credit Officer Salary FAQs

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

According to AmbitionBox, 100% of the Magma Housing Finance Credit Officers reported a notice period of 3 Months.This is based on 1 response on AmbitionBox in last 2 years.

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Magma Housing Finance Credit Officer Salaries

Magma Housing Finance Credit Officer salary in India ranges between ₹3 Lakhs to ₹3.8 Lakhs. This is an estimate based on latest salaries received from employees of Magma Housing Finance.