Mahindra Finance Collection Agent Salaries by 4 Employees

1 - 6 years exp.

₹2.4 Lakhs - ₹3 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

26% more than the average Collection Agent Salary in NBFC Companies for 1 - 6 years of experience

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Last Updated: 23 Dec 2023

Companies similar to Mahindra Finance for Collection Agent

Company name	Avg Annual Salary	Open Jobs
HDB Financial Services Collection Agent Salary 1 - 7 years exp. (161 salaries)	₹1 L/yr - ₹3.6 L/yr 25% less
Bajaj Finance Collection Agent Salary 0 - 5 years exp. (151 salaries)	₹1 L/yr - ₹4.5 L/yr 14% less
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TVS Credit Collection Agent Salary 0 - 6 years exp. (24 salaries)	₹1 L/yr - ₹2.6 L/yr 35% less
Mahindra Rural Housing Finance Collection Agent Salary 1 - 3 years exp. (5 salaries)	₹1.5 L/yr - ₹3 L/yr 40% less
Shriram Finance Collection Agent Salary 0 - 2 years exp. (5 salaries)	₹2 L/yr - ₹3 L/yr 2% less
IIFL Finance Collection Agent Salary 2 - 7 years exp. (4 salaries)	₹2.5 L/yr - ₹4.2 L/yr 4% more
Satin Creditcare Network Collection Agent Salary 0 - 6 years exp. (4 salaries)	₹1.5 L/yr - ₹4 L/yr 21% less
Bharat Financial Inclusion Collection Agent Salary 1 - 6 years exp. (4 salaries)	₹1.8 L/yr - ₹3.6 L/yr 7% less
Sammaan Capital Limited Collection Agent Salary 0 - 3 years exp. (4 salaries)	₹2 L/yr - ₹2.4 L/yr 26% less
Muthoot Fincorp Collection Agent Salary 1 - 4 years exp. (3 salaries)	₹2 L/yr - ₹4.5 L/yr 4% more
Spandana Sphoorty Financial Collection Agent Salary 0 - 3 years exp. (3 salaries)	₹1.6 L/yr - ₹4.5 L/yr 2% less
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Ess Kay Fincorp Collection Agent Salary 1 - 5 years exp. (3 salaries)	₹1.5 L/yr - ₹3 L/yr 33% less
Muthoot Finance Collection Agent Salary 0 - 2 years exp. (3 salaries)	₹1.2 L/yr - ₹2 L/yr 43% less

Collection Agent salary at Mahindra Finance ranges between ₹2.4 Lakhs to ₹3 Lakhs per year for employees with experience between 1 year to 6 years. Salary estimates are based on 4 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Collection Agent salaries

Last Updated: 23 Dec 2023

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.4 L/yr - ₹5.2 L/yr
2 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹5.2 L/yr
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3 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹3 L/yr
4 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.4 L/yr
5 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.4 L/yr
6 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹5.3 L/yr

View all

Similar Designation salaries in Mahindra Finance

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Deputy Manager Salary

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₹4 L/yr - ₹12 L/yr

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₹1.1 L/yr - ₹4.8 L/yr

Analyst Salary

(3 salaries)

₹1 L/yr - ₹12 L/yr

Salary related reviews for Mahindra Finance

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.

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

Finance Executive in Haryana ,Rohtak

BFSI, Investments & Trading Department

4.0

• posted on 01 May 2022

4.0

for Salary and Benefits

Likes

...ronment and culture. Teammates are supportive and the management is transparent. Company policies are good, appraisals are fair and but they give low salary hike and but bonus every year.

Salary - Good

+3 more

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow. There is a no bond of 2 years before which you cannot resign. On the job training is given to new joinees.

Job security - Bad

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Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

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Mahindra Finance Collection Agent Salary FAQs

What is the salary of Collection Agent at Mahindra Finance ?

The average salary of a Collection Agent at Mahindra Finance in India typically ranges from ₹2.4 Lakhs to ₹3.0 Lakhs per year, depending on experience (from 1 year to 6 years).

The top 10% of Collection Agent at Mahindra Finance earn more than ₹3.0 Lakhs per year, and the top 1% earn over ₹3.0 Lakhs per year. Collection Agent Salaries at Mahindra Finance can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 4 Mahindra Finance employees in India.

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

The estimated take-home salary of a Collection Agent at Mahindra Finance in India typically ranges from ₹21,034 to ₹22,682 per month. This is based on the average salary range of ₹2.4 Lakhs to ₹3.0 Lakhs per year for employees with experience ranging from 1 year to 6 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 4 salaries received from various employees of Mahindra Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Mahindra Finance for Collection Agent in India?

Muthoot Fincorp	₹2.0 Lakhs to ₹4.5 Lakhs per year
IIFL Finance	₹2.5 Lakhs to ₹4.2 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Mahindra Finance, depending on the role and experience level.

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

The salary of a Collection Agent at companies similar to Mahindra Finance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Shriram Finance	₹2.0 Lakhs to ₹3.0 Lakhs per year
Spandana Sphoorty Financial	₹1.6 Lakhs to ₹4.5 Lakhs per year
Bharat Financial Inclusion	₹1.8 Lakhs to ₹3.6 Lakhs per year
Bajaj Finance	₹1.0 Lakhs to ₹4.5 Lakhs per year
Satin Creditcare Network	₹1.5 Lakhs to ₹4.0 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Collection Agent at Mahindra Finance in India?

The salary growth for a Collection Agent at Mahindra Finance depends on factors such as experience, performance, and promotions. On average, a Collection Agent can expect the following growth trajectory at Mahindra Finance:

Experience	Average Salary Range
1 year	₹2.4 Lakhs to ₹5.2 Lakhs per year
2 years	₹2.4 Lakhs to ₹5.2 Lakhs per year
3 years	₹1.2 Lakhs to ₹3.0 Lakhs per year
4 years	₹2.6 Lakhs to ₹3.4 Lakhs per year

and so on.

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Mahindra Finance Collection Agent Salaries

Mahindra Finance Collection Agent salary in India ranges between ₹2.4 Lakhs to ₹3 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Mahindra Finance latest salaries received from various employees of Mahindra Finance.

Mahindra Finance Collection Agent salaries in India

Companies similar to Mahindra Finance for Collection Agent

Latest annual salaries shared by Mahindra Finance Collection Agent

Experience wise Mahindra Finance Collection Agent salaries

Similar Designation salaries in Mahindra Finance

Salary related reviews for Mahindra Finance

Sales Executive in Salem

Deputy Manager in Mumbai

Relationship Manager in Chandigarh

Collection Officer in Dehradoon

Finance Executive in Haryana ,Rohtak

Mahindra Finance Collection Agent Salary FAQs

Tell us how to improve this page.