Mahindra Finance Assistant Credit Manager Salaries by 10+ Employees (Updated 2025)

3 - 9 years exp.

₹3 Lakhs - ₹6.3 Lakhs

Salary of majority employees

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8% more than the average Assistant Credit Manager Salary in NBFC Companies for 3 - 9 years of experience

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Salaries in different departments

BFSI, Investments & Trading Assistant Credit Manager Salary 3 - 9 years exp. (7 salaries)	Unlock ₹3 L/yr - ₹5.2 L/yr
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Finance & Accounting Assistant Credit Manager Salary 5 - 8 years exp. (4 salaries)	Unlock ₹4.2 L/yr - ₹6.3 L/yr

Last Updated: 30 Mar 2023

Companies similar to Mahindra Finance for Assistant Credit Manager

Company name	Avg Annual Salary	Open Jobs
Bajaj Finance Assistant Credit Manager Salary 1 - 6 years exp. (118 salaries)	Unlock ₹2.2 L/yr - ₹6 L/yr 21% less	8 job openings
HDFC Bank Assistant Credit Manager Salary 1 - 5 years exp. (60 salaries)	Unlock ₹2.4 L/yr - ₹9 L/yr 5% less
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Shriram Finance Assistant Credit Manager Salary 2 - 12 years exp. (58 salaries)	Unlock ₹1.8 L/yr - ₹5.3 L/yr 27% less
Cholamandalam Investment & Finance Assistant Credit Manager Salary 0 - 6 years exp. (7 salaries)	Unlock ₹2 L/yr - ₹5.8 L/yr 26% less
Muthoot Finance Assistant Credit Manager Salary 3 - 6 years exp. (4 salaries)	Unlock ₹4.2 L/yr - ₹5 L/yr 14% less
Reliance Capital Assistant Credit Manager Salary 0 - 1 year exp. (4 salaries)	Unlock ₹3.9 L/yr - ₹4 L/yr 18% less
Edelweiss Assistant Credit Manager Salary 3 - 7 years exp. (5 salaries)	Unlock ₹4.5 L/yr - ₹15.3 L/yr 116% more
Sammaan Capital Limited Assistant Credit Manager Salary 0 - 10 years exp. (164 salaries)	Unlock ₹2.4 L/yr - ₹6 L/yr 16% less
Aavas Financiers Assistant Credit Manager Salary 0 - 8 years exp. (70 salaries)	Unlock ₹3.1 L/yr - ₹6.6 L/yr At par
Mahindra Rural Housing Finance Assistant Credit Manager Salary 3 - 10 years exp. (62 salaries)	Unlock ₹2.3 L/yr - ₹6 L/yr 7% less
IIFL Finance Assistant Credit Manager Salary 1 - 10 years exp. (19 salaries)	Unlock ₹3 L/yr - ₹6.5 L/yr 11% less
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SK Finance Limited Assistant Credit Manager Salary 3 - 8 years exp. (18 salaries)	Unlock ₹3 L/yr - ₹5 L/yr 19% less
HDB Financial Services Assistant Credit Manager Salary 3 - 9 years exp. (15 salaries)	Unlock ₹2.5 L/yr - ₹5 L/yr 22% less
Poonawalla Fincorp Assistant Credit Manager Salary 2 - 9 years exp. (15 salaries)	Unlock ₹3.5 L/yr - ₹5.6 L/yr 9% less
TVS Credit Assistant Credit Manager Salary 1 - 9 years exp. (13 salaries)	Unlock ₹3.1 L/yr - ₹6.3 L/yr 8% less
Manappuram Finance Assistant Credit Manager Salary 4 - 8 years exp. (9 salaries)	Unlock ₹3.1 L/yr - ₹5.5 L/yr 9% less
Capri Global Capital Assistant Credit Manager Salary 2 - 5 years exp. (8 salaries)	Unlock ₹3 L/yr - ₹4 L/yr 20% less
Sundaram Finance Assistant Credit Manager Salary 0 - 2 years exp. (5 salaries)	Unlock ₹4 L/yr - ₹6 L/yr 2% less
Muthoot Fincorp Assistant Credit Manager Salary 3 - 5 years exp. (4 salaries)	Unlock ₹2.9 L/yr - ₹4 L/yr 23% less
Kotak Mahindra Prime Assistant Credit Manager Salary 2 - 5 years exp. (4 salaries)	Unlock ₹1.9 L/yr - ₹2.6 L/yr 53% less

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Assistant Credit Manager salary at Mahindra Finance ranges between ₹3 Lakhs to ₹6.3 Lakhs per year for employees with experience between 3 years to 9 years. Salary estimates are based on 14 latest salaries received from various employees of Mahindra Finance.

Latest annual salaries shared by Mahindra Finance Assistant Credit Manager

1y ago

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8 years exp.

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8 years exp.

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6 years exp.

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7 years exp.

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6 years exp.

1y ago

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6 years exp.

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5 years exp.

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5 years exp.

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4 years exp.

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5 years exp.

Experience wise Mahindra Finance Assistant Credit Manager salaries

Last Updated: 30 Mar 2023

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	Unlock ₹4.2 L/yr - ₹8.4 L/yr
4 years (3 salaries)	Unlock ₹4.2 L/yr - ₹6.3 L/yr
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5 years (3 salaries)	Unlock ₹3 L/yr - ₹8.6 L/yr
6 years (3 salaries)	Unlock ₹4.2 L/yr - ₹6.3 L/yr
7 years (AmbitionBox Estimate)	Unlock ₹2 L/yr - ₹6 L/yr
8 years (AmbitionBox Estimate)	Unlock ₹2 L/yr - ₹6.3 L/yr
9 years (AmbitionBox Estimate)	Unlock ₹4.6 L/yr - ₹9 L/yr

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Similar Designation salaries in Mahindra Finance

Regional Credit Manager Salary

(10 salaries)

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₹19.6 L/yr - ₹31 L/yr

Area Credit Manager Salary

(7 salaries)

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₹5.45 L/yr - ₹14 L/yr

Cluster Credit Manager Salary

(6 salaries)

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₹4.8 L/yr - ₹14 L/yr

Branch Credit Manager Salary

(10 salaries)

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₹4 L/yr - ₹7.14 L/yr

Zonal Credit Manager Salary

(AmbitionBox Estimate)

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₹24.3 L/yr - ₹31.1 L/yr

Deputy Credit Manager Salary

(AmbitionBox Estimate)

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₹5.9 L/yr - ₹7.6 L/yr

Credit Manager Salary

(90 salaries)

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₹2.3 L/yr - ₹12.1 L/yr

Senior Credit Officer Salary

(AmbitionBox Estimate)

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₹4.5 L/yr - ₹5.8 L/yr

Relationship Manager Salary

(93 salaries)

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₹2.2 L/yr - ₹6 L/yr

Branch Manager Salary

(165 salaries)

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₹1.85 L/yr - ₹9.1 L/yr

Top skills at Mahindra Finance for Assistant Credit Manager

Credit Management Branch Management housing finance

Salary related reviews for Mahindra Finance

4.4

Rated by 4 employees for salary & benefits

Credit Manager in Chennai

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.,

Salary - Poor

+6 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.

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

Credit Manager in Mumbai

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.

Salary - Bad

+4 more

Credit Manager in Sinnar

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

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

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Salary Discussions, Hike & Promotions

2w (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... read more

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Mahindra Finance Assistant Credit Manager Salary FAQs

What is the salary of Assistant Credit Manager at Mahindra Finance?

Assistant Credit Manager salary at Mahindra Finance in India ranges between ₹3.0 Lakhs to ₹6.3 Lakhs for experience between 3 years to 9 years. According to our estimates it is 8% more than the average Assistant Credit Manager Salary in India. Salary estimates are based on 14 latest salaries received from various employees of Mahindra Finance India.

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

The average salary of a Assistant Credit Manager at Mahindra Finance is 8% more than the average salary of a Assistant Credit Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Assistant Credit Manager at Mahindra Finance?

Credit Management, Branch Management and housing finance are some of the popular skills required to work as a Assistant Credit Manager at Mahindra Finance India.

Which similar companies are paying more than Mahindra Finance to a Assistant Credit Manager in India?

Edelweiss Assistant Credit Manager Salary - ₹4.5 Lakhs to ₹15.3 Lakhs per year
Spandana Sphoorty Financial Assistant Credit Manager Salary - ₹4.2 Lakhs to ₹5.8 Lakhs per year

What is the salary of a Assistant Credit Manager in companies similar to Mahindra Finance in India?

Aavas Financiers Assistant Credit Manager Salary - ₹3.1 Lakhs to ₹6.6 Lakhs per year
Sundaram Finance Assistant Credit Manager Salary - ₹4.0 Lakhs to ₹6.0 Lakhs per year
HDFC Bank Assistant Credit Manager Salary - ₹2.4 Lakhs to ₹9.0 Lakhs per year
Mahindra Rural Housing Finance Assistant Credit Manager Salary - ₹2.3 Lakhs to ₹6.0 Lakhs per year
TVS Credit Assistant Credit Manager Salary - ₹3.1 Lakhs to ₹6.3 Lakhs per year

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

The estimated take-home salary of a Assistant Credit Manager at Mahindra Finance ranges between ₹36,085 per month to ₹37,309 per month in India. The take-home salary calculation is based on the average Mahindra Finance Assistant Credit Manager salary in India which ranges between ₹3.0 Lakhs to ₹6.3 Lakhs per year for employees with experience between 3 years to 9 years. Check how did we calculate take home salary?

What is the notice period for Assistant Credit Manager at Mahindra Finance?

According to AmbitionBox, 50% of the Mahindra Finance Assistant Credit Managers reported a notice period of 1 Month, 50% reported a notice period of 3 Months.This is based on 6 responses on AmbitionBox in last 2 years.

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Mahindra Finance Assistant Credit Manager Salaries

Mahindra Finance Assistant Credit Manager salary in India ranges between ₹3 Lakhs to ₹6.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 14 Mahindra Finance latest salaries received from various employees of Mahindra Finance.