Mahindra Finance Chennai Area Collection Manager Salaries by 10+ Employees (Updated 2025)

8 - 16 years exp.

₹4.9 Lakhs - ₹9.2 Lakhs

Salary of majority employees

21% less than the average Area Collection Manager Salary in NBFC Companies for 8 - 16 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

Finance & Accounting Area Collection Manager Salary 11 - 16 years exp. (6 salaries)	₹5 L/yr - ₹8.9 L/yr
BFSI, Investments & Trading Area Collection Manager Salary 10 - 11 years exp. (AmbitionBox Estimate)	₹4.9 L/yr - ₹8.5 L/yr
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Customer Success, Service & Operations Area Collection Manager Salary 12 years exp. (AmbitionBox Estimate)	₹5.3 L/yr - ₹8.2 L/yr

Last Updated: 19 Jan 2025

Companies similar to Mahindra Finance for Area Collection Manager in Chennai

Mahindra Finance Area Collection Manager Salary

8 - 16 years exp. (11 salaries)

₹4.9 L/yr - ₹9.2 L/yr

Company name	Avg Annual Salary	Open Jobs
Bajaj Finance Area Collection Manager Salary 4 - 17 years exp. (24 salaries)	₹6.3 L/yr - ₹18 L/yr 50% more
ICICI Bank Area Collection Manager Salary 10 - 15 years exp. (4 salaries)	₹7.5 L/yr - ₹11.1 L/yr 50% more
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Axis Bank Area Collection Manager Salary 14 - 16 years exp. (3 salaries)	₹7.5 L/yr - ₹12 L/yr 65% more	1 job opening
L&T Finance Area Collection Manager Salary 6 - 15 years exp. (11 salaries)	₹4.6 L/yr - ₹9.1 L/yr 20% more
HDB Financial Services Area Collection Manager Salary 13 - 19 years exp. (5 salaries)	₹8.5 L/yr - ₹15.6 L/yr 83% more	3 job openings
SMFG India Credit Area Collection Manager Salary 7 - 17 years exp. (4 salaries)	₹5.7 L/yr - ₹11.1 L/yr 6% less

Area Collection Manager salary at Mahindra Finance ranges between ₹4.9 Lakhs to ₹9.2 Lakhs per year for employees with experience between 8 years to 16 years. Salary estimates are based on 11 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Area Collection Manager salaries in Chennai

Last Updated: 19 Jan 2025

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹9.2 L/yr
9 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹7.3 L/yr
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10 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹11.7 L/yr
11 years (AmbitionBox Estimate)	₹5 L/yr - ₹8.9 L/yr
12 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹12.5 L/yr
13 years (AmbitionBox Estimate)	₹5 L/yr - ₹12.9 L/yr
14 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹13.3 L/yr
15+ years (3 salaries)	₹5 L/yr - ₹8.5 L/yr

View all

From

Area Collection Manager

₹

Lakhs/yr

7 - 17 years exp.

Divisional Manager

₹

Lakhs/yr

9 - 23 years exp.

Area Collection Manager 7 - 17 years exp.

Area Business Manager 4 - 18 years exp.

24% hike

Divisional Manager 9 - 23 years exp.

108% 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

Branch Accounts Manager Salary

(5 salaries)

₹3.2 L/yr - ₹5.2 L/yr

Credit Manager Salary

(4 salaries)

₹5.4 L/yr - ₹12 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

2.2

Rated by 3 employees for salary & benefits

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

Sales Executive in Derabassi

Finance & Accounting Department

5.0

• posted on 19 Feb 2022

5.0

for Salary and Benefits

Likes

Good work environment and culture.Teammates ase suppotive and the management is transparent. Company policies are good , appraisal are fair.

Salary - Excellent

+5 more

Dislikes

Salary is decent but career growth is slow. On the job training is not given to new joinees.

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Salary Discussions, Hike & Promotions

fathersahaab

works at

AmbitionBox

New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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Mahindra Finance Area Collection Manager Salary FAQs

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

Area Collection Manager salary at Mahindra Finance in Chennai ranges between ₹4.9 Lakhs to ₹9.2 Lakhs for experience between 8 years to 16 years. According to our estimates it is 21% less than the average Area Collection Manager Salary in India. Salary estimates are based on 11 latest salaries received from various employees of Mahindra Finance Chennai.

How does the salary of a Area Collection Manager at Mahindra Finance Chennai 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 Chennai. 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 Chennai.

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

HDB Financial Services Area Collection Manager Salary - ₹8.5 Lakhs to ₹15.6 Lakhs per year
Axis Bank Area Collection Manager Salary - ₹7.5 Lakhs to ₹12.0 Lakhs per year
ICICI Bank Area Collection Manager Salary - ₹7.5 Lakhs to ₹11.1 Lakhs per year
Bajaj Finance Area Collection Manager Salary - ₹6.3 Lakhs to ₹18.0 Lakhs per year
L&T Finance Area Collection Manager Salary - ₹4.6 Lakhs to ₹9.1 Lakhs per year

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

SMFG India Credit Area Collection Manager Salary - ₹5.7 Lakhs to ₹11.1 Lakhs per year

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

The estimated take-home salary of a Area Collection Manager at Mahindra Finance ranges between ₹52,177 per month to ₹53,473 per month in Chennai. The take-home salary calculation is based on the average Mahindra Finance Area Collection Manager salary in India which ranges between ₹4.9 Lakhs to ₹9.2 Lakhs per year for employees with experience between 8 years to 16 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 88% of the Mahindra Finance Area Collection Managers in Chennai reported a notice period of 3 Months, 12% reported a notice period of 15 days or less.This is based on 8 responses on AmbitionBox in last 2 years.

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Mahindra Finance Area Collection Manager Salaries in Chennai

Mahindra Finance Area Collection Manager salary in Chennai ranges between ₹4.9 Lakhs to ₹9.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 11 Mahindra Finance latest salaries received from various employees of Mahindra Finance.