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

Annual salary range
7 - 16 years exp.
₹5.5 Lakhs - ₹14 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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Fixed (93%)
₹8.9 Lakhs
Variable (7%)
₹0.7 Lakh
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20% less than the average Area Credit Manager Salary in NBFC Companies for 7 - 16 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Area Credit Manager Salary
7 - 8 years exp. (4 salaries)
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₹5.5 L/yr - ₹7.9 L/yr

Finance & Accounting
Area Credit Manager Salary
9 - 16 years exp. (3 salaries)
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₹6.6 L/yr - ₹14 L/yr

Last Updated: 20 Jan 2025

Companies similar to Mahindra Finance for Area Credit Manager

Company name Avg Annual Salary Open Jobs
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Bajaj Finance Area Credit Manager Salary

3 - 12 years exp. (86 salaries)

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₹4.4 L/yr - ₹16.7 L/yr

At par
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HDFC Bank Area Credit Manager Salary

5 - 18 years exp. (228 salaries)

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₹8.5 L/yr - ₹30 L/yr

arrow icon 91% more
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Shriram Finance Area Credit Manager Salary

5 - 13 years exp. (21 salaries)

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₹9.5 L/yr - ₹21 L/yr

arrow icon 52% more
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L&T Finance Area Credit Manager Salary

4 - 13 years exp. (130 salaries)

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₹6 L/yr - ₹20 L/yr

arrow icon 40% more
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₹6 L/yr - ₹20 L/yr

arrow icon 27% more
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Muthoot Finance Area Credit Manager Salary

5 - 10 years exp. (4 salaries)

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₹3.3 L/yr - ₹10.1 L/yr

arrow icon 28% less
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Aditya Birla Capital Area Credit Manager Salary

7 - 12 years exp. (61 salaries)

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₹8.7 L/yr - ₹19.2 L/yr

arrow icon 45% more
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Reliance Capital Area Credit Manager Salary

6 - 14 years exp. (7 salaries)

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₹8.9 L/yr - ₹19 L/yr

arrow icon 61% more
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Edelweiss Area Credit Manager Salary

3 - 11 years exp. (40 salaries)

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₹7.3 L/yr - ₹19 L/yr

arrow icon 16% more
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₹5.9 L/yr - ₹14.1 L/yr

arrow icon 5% more
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₹6.1 L/yr - ₹17.5 L/yr

arrow icon 15% more
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Poonawalla Fincorp Area Credit Manager Salary

2 - 13 years exp. (224 salaries)

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₹4.7 L/yr - ₹19.5 L/yr

arrow icon 18% more
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Aavas Financiers Area Credit Manager Salary

4 - 16 years exp. (84 salaries)

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₹5 L/yr - ₹14 L/yr

At par
1 job opening
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PNB Housing Finance Area Credit Manager Salary

5 - 10 years exp. (51 salaries)

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₹9 L/yr - ₹22 L/yr

arrow icon 62% more
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SMFG India Credit Area Credit Manager Salary

5 - 14 years exp. (41 salaries)

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₹6 L/yr - ₹23.7 L/yr

arrow icon 49% more
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₹5.6 L/yr - ₹14.8 L/yr

arrow icon 5% less
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IIFL Finance Area Credit Manager Salary

3 - 11 years exp. (32 salaries)

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₹5.2 L/yr - ₹19.2 L/yr

arrow icon 12% more
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Capri Global Capital Area Credit Manager Salary

5 - 15 years exp. (28 salaries)

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₹7.5 L/yr - ₹12 L/yr

At par
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Muthoot Microfin Area Credit Manager Salary

2 - 8 years exp. (28 salaries)

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₹2 L/yr - ₹5.5 L/yr

arrow icon 60% less
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SK Finance Limited Area Credit Manager Salary

6 - 13 years exp. (25 salaries)

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₹4.8 L/yr - ₹9 L/yr

arrow icon 23% less
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Area Credit Manager salary at Mahindra Finance ranges between ₹5.5 Lakhs to ₹14 Lakhs per year for employees with experience between 7 years to 16 years. Salary estimates are based on 7 latest salaries received from various employees of Mahindra Finance.

Latest annual salaries shared by Mahindra Finance Area Credit Manager

1mo ago
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9 years exp.
3mo ago
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8 years exp.
3mo ago
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8 years exp.
4mo ago
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7 years exp.
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7 years exp.
7mo ago
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13 years exp.
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16 years exp.

Experience wise Mahindra Finance Area Credit Manager salaries

Last Updated: 20 Jan 2025

Experience Avg Annual Salary
7 years (AmbitionBox Estimate)

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₹5.5 L/yr - ₹16.9 L/yr
8 years (AmbitionBox Estimate)

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₹6.5 L/yr - ₹16.9 L/yr
9 years (AmbitionBox Estimate)

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₹3.8 L/yr - ₹14 L/yr
10 years (AmbitionBox Estimate)

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₹8.5 L/yr - ₹10.9 L/yr
11 years (AmbitionBox Estimate)

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₹8.6 L/yr - ₹11 L/yr
View all

Similar Designation salaries in Mahindra Finance

Zonal Credit Manager Salary
(AmbitionBox Estimate)
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₹24.3 L/yr - ₹31.1 L/yr
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₹4 L/yr - ₹7.14 L/yr
Credit Manager Salary
(90 salaries)
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₹2.3 L/yr - ₹12.1 L/yr
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₹4.8 L/yr - ₹14 L/yr
Deputy Credit Manager Salary
(AmbitionBox Estimate)
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₹5.9 L/yr - ₹7.6 L/yr
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₹19.6 L/yr - ₹31 L/yr
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₹3 L/yr - ₹6.25 L/yr
Branch Manager Salary
(165 salaries)
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₹1.85 L/yr - ₹9.1 L/yr
Sales Manager Salary
(107 salaries)
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₹2.35 L/yr - ₹8.2 L/yr
Credit Officer Salary
(33 salaries)
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₹1.5 L/yr - ₹3.58 L/yr

Top skills at Mahindra Finance for Area Credit Manager

Credit Management Credit Credit Underwriting Credit Appraisal Analytical skills Financial Analysis Communication Disbursement Construction Equipment Commercial Vehicle Credit Monitoring CPA Customer Service Commercial Vehicle Loans Underwriting
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Salary related reviews for Mahindra Finance

Full Time

 · 

Finance & Accounting Department

1.0
  •  posted on 20 Dec 2024

2.0
 for  Salary and Benefits

Likes

Nil

Dislikes

...MFSL is terrible. In the past 5 years from mar 2020 lots of dislikes happened i.e changes in salary stucture, poor increment, management changes, insecurity in job, etc.,

read more
  • Salary - Poor
  • +6 more

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.

read more
  • Salary - Excellent
  • +6 more

Dislikes

So far no issues.

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.

read more

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.

read more
  • Salary - Bad
  • +6 more

BFSI, Investments & Trading Department

2.0
  •  posted on 28 Jun 2022

1.0
 for  Salary and Benefits

Likes

There are no lines except some work life balance. That too is deteriorating offlate.

  • Job security - Good

Dislikes

...ponent. It may or may not provide Performance Pay depending on many variables. New recruits be careful while negotiating salary. The HR will tell Performance Pay is assured and is paid almost certainly. Don't believe that. This is not true. Ask for increment on Fixed, not overall CTC. Just because they mention Performance Pay on offer letter CTC, there is no assurance, that they have to give you. Lots of politics and partiality over Performance. The company used to be good. Not anymore after 2019. HR is meaningless and can't help with anything. Off role employees (colleagues) were laid off with just 15 days salary. Not a professional organisation. Lots of Management issues.

read more
  • Salary - Bad
  • +4 more

BFSI, Investments & Trading Department

5.0
  •  posted on 26 Jan 2022

5.0
 for  Salary and Benefits

Likes

Full job security, But Your appraisal judge by company's points of view, not what rating and score given to you by your reporting manager and his boss, Companies HR is for only the name, No any Respect for Appraisal Rating

read more
  • Salary - Excellent
  • +5 more

Dislikes

Working culture is good, you can get retirement here , but with lowest salary, there is no any waitege for your appraisal ratings

read more
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Mahindra Finance Area Credit Manager Salary FAQs

What is the salary of Area Credit Manager at Mahindra Finance?
Area Credit Manager salary at Mahindra Finance in India ranges between ₹5.5 Lakhs to ₹14.0 Lakhs for experience between 7 years to 16 years. According to our estimates it is 20% less than the average Area Credit Manager Salary in India. Salary estimates are based on 7 latest salaries received from various employees of Mahindra Finance India.
How does the salary of a Area Credit Manager at Mahindra Finance India compare with the average salary range for this job?
The average salary of a Area Credit Manager at Mahindra Finance is 20% less than the average salary of a Area Credit Manager in India. To know exact salary insights, login to view.
What are the top skills required to work as a Area Credit Manager at Mahindra Finance?
Credit Management, Credit, Credit Underwriting, Credit Appraisal and Analytical skills are some of the popular skills required to work as a Area Credit Manager at Mahindra Finance India.
Which similar companies are paying more than Mahindra Finance to a Area Credit Manager in India?
  • HDFC Bank Area Credit Manager Salary - ₹8.5 Lakhs to ₹30.0 Lakhs per year
  • Tata Capital Housing Finance Area Credit Manager Salary - ₹11.0 Lakhs to ₹20.7 Lakhs per year
  • PNB Housing Finance Area Credit Manager Salary - ₹9.0 Lakhs to ₹22.0 Lakhs per year
  • Reliance Capital Area Credit Manager Salary - ₹8.9 Lakhs to ₹19.0 Lakhs per year
  • Shriram Finance Area Credit Manager Salary - ₹9.5 Lakhs to ₹21.0 Lakhs per year
What is the salary of a Area Credit Manager in companies similar to Mahindra Finance in India?
  • SMFG India Credit Area Credit Manager Salary - ₹6.0 Lakhs to ₹23.7 Lakhs per year
  • Aditya Birla Capital Area Credit Manager Salary - ₹8.7 Lakhs to ₹19.2 Lakhs per year
  • L&T Finance Area Credit Manager Salary - ₹6.0 Lakhs to ₹20.0 Lakhs per year
  • Kotak Mahindra Prime Area Credit Manager Salary - ₹7.0 Lakhs to ₹15.3 Lakhs per year
  • Cholamandalam Investment & Finance Area Credit Manager Salary - ₹6.0 Lakhs to ₹20.0 Lakhs per year
What is the estimated take home salary of a Area Credit Manager at Mahindra Finance in India?
The estimated take-home salary of a Area Credit Manager at Mahindra Finance ranges between ₹69,271 per month to ₹71,050 per month in India. The take-home salary calculation is based on the average Mahindra Finance Area Credit Manager salary in India which ranges between ₹5.5 Lakhs to ₹14.0 Lakhs per year for employees with experience between 7 years to 16 years. Check how did we calculate take home salary?
What is the notice period for Area Credit Manager at Mahindra Finance?
According to AmbitionBox, 78% of the Mahindra Finance Area Credit Managers reported a notice period of 3 Months, 11% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 18 responses on AmbitionBox in last 2 years.

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Mahindra Finance Area Credit Manager salary in India ranges between ₹5.5 Lakhs to ₹14 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 7 Mahindra Finance latest salaries received from various employees of Mahindra Finance.

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