Mahindra & Mahindra Loan Officer Salaries by 5 Employees (Updated 2025)

1 - 6 years exp.

₹2 Lakhs - ₹2.7 Lakhs

Low Confidence

Salary of majority employees

17% less than the average Loan Officer Salary in Automobile Companies for 1 - 6 years of experience

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Salaries in different departments

Food, Beverage & Hospitality Loan Officer Salary 2 - 5 years exp. (AmbitionBox Estimate)	₹2.4 L/yr - ₹2.7 L/yr
Finance & Accounting Loan Officer Salary 1 year exp. (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.2 L/yr
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Sales & Business Development Loan Officer Salary 2 years exp. (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.2 L/yr

Last Updated: 10 Feb 2024

Companies similar to Mahindra & Mahindra for Loan Officer

Company name	Avg Annual Salary	Open Jobs
Ujjivan Small Finance Bank Loan Officer Salary 0 - 10 years exp. (358 salaries)	₹1.7 L/yr - ₹4.3 L/yr 35% more	2 job openings
HDFC Sales Loan Officer Salary 0 - 7 years exp. (246 salaries)	₹1.5 L/yr - ₹4.5 L/yr 28% more
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Bharat Financial Inclusion Loan Officer Salary 0 - 4 years exp. (203 salaries)	₹1.2 L/yr - ₹4.5 L/yr 8% more
HDFC Bank Loan Officer Salary 0 - 5 years exp. (106 salaries)	₹1.2 L/yr - ₹5 L/yr 25% more
AVIOM Loan Officer Salary 0 - 6 years exp. (104 salaries)	₹1.4 L/yr - ₹4.8 L/yr 12% more

Loan Officer salary at Mahindra & Mahindra ranges between ₹2 Lakhs to ₹2.7 Lakhs per year for employees with experience between 1 year to 6 years. Salary estimates are based on 5 latest salaries received from various employees of Mahindra & Mahindra.

Experience wise Mahindra & Mahindra Loan Officer salaries

Last Updated: 10 Feb 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2 L/yr - ₹3.8 L/yr
2 years (AmbitionBox Estimate)	₹2 L/yr - ₹2.7 L/yr
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3 years (AmbitionBox Estimate)	₹2 L/yr - ₹2.6 L/yr
4 years (AmbitionBox Estimate)	₹2.1 L/yr - ₹2.7 L/yr
5 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹4.4 L/yr
6 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹4.5 L/yr

View all

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Salary related reviews for Mahindra & Mahindra

Senior Associate in Lucknow

Full Time

Finance & Accounting Department

3.0

• posted on 18 Nov 2024

3.0

for Salary and Benefits

Likes

Work culture Some say that the work culture is good and that the company is people friendly.

Skill development - Good

Dislikes

Salary: Some say that the salary is low compared to the job description Growth: Some say that there is slow growth for existing employees Work-life balance: Some say that the work-life balance is unstable Management: Some say that there is too much hierarchical management

Promotions - Poor

Deputy Manager in Bangalore / Bengaluru

Full Time

Research & Development Department

4.0

• posted on 28 Dec 2023

3.0

for Salary and Benefits

Likes

1. No organisational hierarchy barrier. 2. Top management and seniors are easily approachable.

Skill development - Good

+3 more

Dislikes

1. Salary is lower compared to the work load and the top-notch job employees are doing. 2. Work-life balance is compromised many a times.

Deputy Manager in Mumbai

Full Time

Project & Program Management Department

5.0

• posted on 15 May 2023

5.0

for Salary and Benefits

Likes

Alternate Saturday off .....good work culture

Salary - Excellent

+5 more

Dislikes

... are need to more fair Need to start pick and drop facility for employees.... Need to add Sodexo cupouns as salary entity for tax benifit

Deputy Manager in Pune

Full Time

Research & Development Department

2.0

• posted on 12 Mar 2023

1.0

for Salary and Benefits

Likes

You have decision making power which helps in gaining experience hands-on.

Job security - Good

Dislikes

Work life balance, appraisal, salary benefits are in no way linked to your performance. It's all driven by internal politics. Never trust any promise made by senior management or HR department at Mahindra. 0% reliability.

Salary - Bad

+5 more

Sales Manager in Raipur

Full Time

Data Science & Analytics Department

1.0

• posted on 08 Jun 2019

1.0

for Salary and Benefits

Likes

Working for mahindra is good but when it comes to mahindra dealership it is complete terrible salary package is worst incentives which is told by dealer are never given by them Sales Executise are treated in a very bad manner Overall working for dealerships are at it worsy

Dislikes

Salary - Bad
Skill development - Bad

+4 more

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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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Mahindra & Mahindra Loan Officer Salary FAQs

What is the salary of Loan Officer at Mahindra & Mahindra?

Loan Officer salary at Mahindra & Mahindra in India ranges between ₹2.0 Lakhs to ₹2.7 Lakhs for experience between 1 years to 6 years. According to our estimates it is 17% less than the average Loan Officer Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Mahindra & Mahindra India.

How does the salary of a Loan Officer at Mahindra & Mahindra India compare with the average salary range for this job?

The average salary of a Loan Officer at Mahindra & Mahindra is 17% less than the average salary of a Loan Officer in India. To know exact salary insights, login to view.

Which similar companies are paying more than Mahindra & Mahindra to a Loan Officer in India?

Ujjivan Small Finance Bank Loan Officer Salary - ₹1.7 Lakhs to ₹4.3 Lakhs per year
HDFC Sales Loan Officer Salary - ₹1.5 Lakhs to ₹4.5 Lakhs per year
HDFC Bank Loan Officer Salary - ₹1.2 Lakhs to ₹5.0 Lakhs per year
AVIOM Loan Officer Salary - ₹1.4 Lakhs to ₹4.8 Lakhs per year
Bharat Financial Inclusion Loan Officer Salary - ₹1.2 Lakhs to ₹4.5 Lakhs per year

What is the estimated take home salary of a Loan Officer at Mahindra & Mahindra in India?

The estimated take-home salary of a Loan Officer at Mahindra & Mahindra ranges between ₹15,971 per month to ₹17,622 per month in India. The take-home salary calculation is based on the average Mahindra & Mahindra Loan Officer salary in India which ranges between ₹2.0 Lakhs to ₹2.7 Lakhs per year for employees with experience between 1 years to 6 years. Check how did we calculate take home salary?

What is the notice period for Loan Officer at Mahindra & Mahindra?

According to AmbitionBox, 33% of the Mahindra & Mahindra Loan Officers reported a notice period of 15 days or less, 34% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 3 responses on AmbitionBox in last 2 years.

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Mahindra & Mahindra Loan Officer Salaries by Location

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Mahindra & Mahindra Loan Officer Salaries

Mahindra & Mahindra Loan Officer salary in India ranges between ₹2 Lakhs to ₹2.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Mahindra & Mahindra latest salaries received from various employees of Mahindra & Mahindra.