Mahindra Finance Area Collection Manager Salaries by 100+ Employees (Updated 2025)

8 - 17 years exp.

₹3.8 Lakhs - ₹11.6 Lakhs

Salary of majority employees

21% less than the average Area Collection Manager Salary in NBFC Companies for 8 - 17 years of experience

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Salaries in different departments

Finance & Accounting Area Collection Manager Salary 8 - 17 years exp. (63 salaries)	₹3.8 L/yr - ₹11.8 L/yr
BFSI, Investments & Trading Area Collection Manager Salary 9 - 17 years exp. (36 salaries)	₹4 L/yr - ₹11.8 L/yr
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Customer Success, Service & Operations Area Collection Manager Salary 9 - 17 years exp. (26 salaries)	₹5.2 L/yr - ₹8.6 L/yr
Sales & Business Development Area Collection Manager Salary 8 - 16 years exp. (9 salaries)	₹3.8 L/yr - ₹11.1 L/yr

Last Updated: 1 Mar 2025

Companies similar to Mahindra Finance for Area Collection Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Area Collection Manager Salary 11 - 22 years exp. (176 salaries)	₹6.3 L/yr - ₹22 L/yr 96% more
Bajaj Finance Area Collection Manager Salary 4 - 15 years exp. (239 salaries)	₹4.5 L/yr - ₹18 L/yr 48% more
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ICICI Bank Area Collection Manager Salary 9 - 17 years exp. (159 salaries)	₹4.6 L/yr - ₹16 L/yr 50% more
Axis Bank Area Collection Manager Salary 9 - 20 years exp. (169 salaries)	₹6.5 L/yr - ₹21 L/yr 70% more
Kotak Mahindra Bank Area Collection Manager Salary 6 - 19 years exp. (70 salaries)	₹6.1 L/yr - ₹16.3 L/yr 53% more
Cholamandalam Investment & Finance Area Collection Manager Salary 7 - 20 years exp. (203 salaries)	₹4 L/yr - ₹16.8 L/yr 41% more
L&T Finance Area Collection Manager Salary 5 - 16 years exp. (172 salaries)	₹3.5 L/yr - ₹12 L/yr 8% more
HDB Financial Services Area Collection Manager Salary 10 - 19 years exp. (151 salaries)	₹6.4 L/yr - ₹17.4 L/yr 67% more
TVS Credit Area Collection Manager Salary 7 - 18 years exp. (102 salaries)	₹7.1 L/yr - ₹17.5 L/yr 74% more
Kotak Mahindra Prime Area Collection Manager Salary 8 - 15 years exp. (33 salaries)	₹6.3 L/yr - ₹14 L/yr 35% more

View all

Area Collection Manager salary at Mahindra Finance ranges between ₹3.8 Lakhs to ₹11.6 Lakhs per year for employees with experience between 8 years to 17 years. Salary estimates are based on 186 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Area Collection Manager salaries

Last Updated: 1 Mar 2025

Experience	Avg Annual Salary
8 years (21 salaries)	₹3.8 L/yr - ₹9.2 L/yr
9 years (19 salaries)	₹3.8 L/yr - ₹10.8 L/yr
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10 years (21 salaries)	₹3.8 L/yr - ₹8.9 L/yr
11 years (19 salaries)	₹4.5 L/yr - ₹9 L/yr
12 years (20 salaries)	₹4.6 L/yr - ₹10 L/yr
13 years (23 salaries)	₹4 L/yr - ₹9.5 L/yr
14 years (18 salaries)	₹4.6 L/yr - ₹11.8 L/yr
15+ years (45 salaries)	₹5 L/yr - ₹14.2 L/yr

View all

From

Area Collection Manager

₹

Lakhs/yr

8 - 17 years exp.

Divisional Manager

₹

Lakhs/yr

9 - 23 years exp.

Area Collection Manager 8 - 17 years exp.

Area Business Manager 5 - 18 years exp.

23% hike

Divisional Manager 9 - 23 years exp.

105% hike

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Mahindra Finance

Zonal Collection Manager Salary

(AmbitionBox Estimate)

₹8.8 L/yr - ₹11.3 L/yr

Branch Collection Manager Salary

(5 salaries)

₹2 L/yr - ₹3.65 L/yr

Collections Manager Salary

(78 salaries)

₹1.5 L/yr - ₹5.5 L/yr

Senior Area Collection Manager Salary

(AmbitionBox Estimate)

₹4.1 L/yr - ₹5.2 L/yr

Regional Collection Manager Salary

(4 salaries)

₹19.5 L/yr - ₹23 L/yr

Territory Collection Manager Salary

(3 salaries)

₹3 L/yr - ₹5.4 L/yr

Collection Officer Salary

(142 salaries)

₹1.5 L/yr - ₹4.5 L/yr

Senior Collection Officer Salary

(26 salaries)

₹2.3 L/yr - ₹5.1 L/yr

Area Manager Salary

(96 salaries)

₹3.08 L/yr - ₹12.5 L/yr

Recovery Manager Salary

(5 salaries)

₹3.1 L/yr - ₹4.5 L/yr

Top skills at Mahindra Finance for Area Collection Manager

Collection Management Collections Collection Management Team Handling Loan Recovery Recovery Collections Debt Recovery Team Handling Retail Sales Field Collections Recovery Management Collateral Management Debt Collection Sales

Salary related reviews for Mahindra Finance

3.4

Rated by 91 employees for salary & benefits

Sales Executive in Salem

Full Time

Finance & Accounting Department

2.0

• posted on 02 Mar 2025

1.0

for Salary and Benefits

Likes

Can learn everything thing

Skill development - Good

Dislikes

They will never promote genuine employee never give a pay rise no bonus no grade change like a slave You can work there for 5+ years with the same salary even your managers will not support you for promotions and salary hike

Salary - Bad

+4 more

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

5.0

• posted on 29 Oct 2024

5.0

for Salary and Benefits

Likes

...nt is preety good here. Ambience, work desk , cafeteria everything is top notch. Even the salary gets credited 2-3 days before the month ends.

Salary - Excellent

+6 more

Dislikes

So far no issues.

Collections Manager in New Delhi

Full Time

Finance & Accounting Department

4.0

• posted on 21 Jun 2023

4.0

for Salary and Benefits

Likes

Mahindra and Mahindra company is very best industry, this company staff & senior is very helpfull , & company culture and company timing is the best.

Salary - Good

+3 more

Dislikes

Mahindra and Mahindra company neither promotes it's employee nor increase the salary in appraisal.

Promotions - Poor

Relationship Manager in Chandigarh

Full Time

Sales & Business Development Department

1.0

• posted on 31 Jul 2020

1.0

for Salary and Benefits

Likes

Nothing that i like about this company. They have deducted huge part of the salary (Fixed + Variable) of the employees. They have rather ditched us during the COVID 19 lockdown by deducting such a huge amount from our packages. Facing economic difficulties now due to this problem. No one is there to address to our grievances.

Dislikes

...ed targets, Last years appraisals not done with an excuse of COVID 19 impact. Huge salary cuts from existing package which has taken us 4-5 years back in terms of or career path. Blocked huge amount of salary till March 2021 so that nobody can leave the company. Career growth here is horrible.The one with good references internally can grow within the system. Lot of politics going on around the work place. Employee opinion on innovation and work related ideas is least considered. Travel expenses,Telephone expenses,Petrol/diesel expenses are stopped. Employees paying from their own pocket.

Salary - Bad

+6 more

Collection Officer in Dehradoon

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 13 Nov 2022

1.0

for Salary and Benefits

Likes

There is nothing to say on this matter... Because its really unworthy to work on this company.

Dislikes

...ny. 4- high authority recommended person will get promoted rather than others. 5- doesn't want to pay their employes good enough as others companies do 6- very poor incentive slabs and criteria. Many more........things to be change..

Salary - Bad

+5 more

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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Mahindra Finance Area Collection Manager Salary FAQs

What is the salary of Area Collection Manager at Mahindra Finance?

Area Collection Manager salary at Mahindra Finance in India ranges between ₹3.8 Lakhs to ₹11.6 Lakhs for experience between 8 years to 17 years. According to our estimates it is 21% less than the average Area Collection Manager Salary in India. Salary estimates are based on 186 latest salaries received from various employees of Mahindra Finance India.

How does the salary of a Area Collection Manager at Mahindra Finance India compare with the average salary range for this job?

The average salary of a Area Collection Manager at Mahindra Finance is 21% less than the average salary of a Area Collection Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Area Collection Manager at Mahindra Finance?

Collection Management, Collections, Collection Management, Team Handling and Loan Recovery are some of the popular skills required to work as a Area Collection Manager at Mahindra Finance India.

Which similar companies are paying more than Mahindra Finance to a Area Collection Manager in India?

Mahindra Rural Housing Finance Area Collection Manager Salary - ₹8.0 Lakhs to ₹22.0 Lakhs per year
Tata Capital Housing Finance Area Collection Manager Salary - ₹10.9 Lakhs to ₹16.2 Lakhs per year
Sundaram Finance Area Collection Manager Salary - ₹12.1 Lakhs to ₹17.5 Lakhs per year
HDFC Bank Area Collection Manager Salary - ₹6.3 Lakhs to ₹22.0 Lakhs per year
Aditya Birla Capital Area Collection Manager Salary - ₹8.9 Lakhs to ₹19.1 Lakhs per year

What is the salary of a Area Collection Manager in companies similar to Mahindra Finance in India?

TVS Credit Area Collection Manager Salary - ₹7.1 Lakhs to ₹17.5 Lakhs per year
Axis Bank Area Collection Manager Salary - ₹6.5 Lakhs to ₹21.0 Lakhs per year
HDB Financial Services Area Collection Manager Salary - ₹6.4 Lakhs to ₹17.4 Lakhs per year
PNB Housing Finance Area Collection Manager Salary - ₹5.0 Lakhs to ₹17.5 Lakhs per year
Edelweiss Area Collection Manager Salary - ₹7.5 Lakhs to ₹15.2 Lakhs per year

What is the estimated take home salary of a Area Collection Manager at Mahindra Finance in India?

The estimated take-home salary of a Area Collection Manager at Mahindra Finance ranges between ₹52,756 per month to ₹54,068 per month in India. The take-home salary calculation is based on the average Mahindra Finance Area Collection Manager salary in India which ranges between ₹3.8 Lakhs to ₹11.6 Lakhs per year for employees with experience between 8 years to 17 years. Check how did we calculate take home salary?

What is the notice period for Area Collection Manager at Mahindra Finance?

According to AmbitionBox, 81% of the Mahindra Finance Area Collection Managers reported a notice period of 3 Months, 7% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 231 responses on AmbitionBox in last 2 years.

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Mahindra Finance Area Collection Manager Salaries

Mahindra Finance Area Collection Manager salary in India ranges between ₹3.8 Lakhs to ₹11.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 186 Mahindra Finance latest salaries received from various employees of Mahindra Finance.

Mahindra Finance Area Collection Manager salaries in India (Updated 2025)

Companies similar to Mahindra Finance for Area Collection Manager

Latest annual salaries shared by Mahindra Finance Area Collection Manager

Experience wise Mahindra Finance Area Collection Manager salaries

Similar Designation salaries in Mahindra Finance

Top skills at Mahindra Finance for Area Collection Manager

Salary related reviews for Mahindra Finance

Sales Executive in Salem

Deputy Manager in Mumbai

Collections Manager in New Delhi

Relationship Manager in Chandigarh

Collection Officer in Dehradoon

Mahindra Finance Area Collection Manager Salary FAQs

Tell us how to improve this page.

Mahindra Finance Area Collection Manager Salaries by Location