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Mahindra Finance Collection Associate salaries in India

Annual salary range
0 - 7 years exp.
₹2.2 Lakhs - ₹3.5 Lakhs
Salary of majority employees
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16% less than the average Collection Associate Salary in NBFC Companies for 0 - 7 years of experience

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Salaries in different departments

Finance & Accounting
Collection Associate Salary
2 - 7 years exp. (5 salaries)
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₹2.2 L/yr - ₹3.5 L/yr

Customer Success, Service & Operations
Collection Associate Salary
0 - 3 years exp. (4 salaries)
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₹2.3 L/yr - ₹2.5 L/yr

Last Updated: 30 Dec 2024

Companies similar to Mahindra Finance for Collection Associate

Company name Avg Annual Salary Open Jobs
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HDFC Bank Collection Associate Salary

0 - 4 years exp. (4 salaries)

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₹2 L/yr - ₹2.8 L/yr

arrow icon 7% less
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Shriram Finance Collection Associate Salary

4 - 6 years exp. (4 salaries)

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₹2 L/yr - ₹4.1 L/yr

arrow icon 22% more
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L&T Finance Collection Associate Salary

3 - 11 years exp. (4 salaries)

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₹1.9 L/yr - ₹4.8 L/yr

arrow icon 4% more
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₹1.8 L/yr - ₹2.8 L/yr

arrow icon 17% less
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₹3.3 L/yr - ₹3.8 L/yr

arrow icon 32% more
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IIFL Finance Collection Associate Salary

4 - 16 years exp. (4 salaries)

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₹2.5 L/yr - ₹3.9 L/yr

arrow icon 25% more
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₹3 L/yr - ₹3.4 L/yr

arrow icon 23% more
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TVS Credit Collection Associate Salary

2 - 5 years exp. (4 salaries)

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₹1.2 L/yr - ₹3.2 L/yr

arrow icon 28% less
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Kotak Mahindra Prime Collection Associate Salary

4 - 5 years exp. (AmbitionBox Estimate)

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₹2.4 L/yr - ₹3.1 L/yr

arrow icon 4% more
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₹1.6 L/yr - ₹2.4 L/yr

arrow icon 22% less
Collection Associate salary at Mahindra Finance ranges between ₹2.2 Lakhs to ₹3.5 Lakhs per year for employees with less than 1 year of experience to 7 years. Salary estimates are based on 13 latest salaries received from various employees of Mahindra Finance.

Latest annual salaries shared by Mahindra Finance Collection Associate

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Experience wise Mahindra Finance Collection Associate salaries

Last Updated: 30 Dec 2024

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹2.5 L/yr - ₹4.5 L/yr
1 year (AmbitionBox Estimate)

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₹2.5 L/yr - ₹4.6 L/yr
2 years  (3 salaries)

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₹2.3 L/yr - ₹4.7 L/yr
3 years (AmbitionBox Estimate)

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₹2.4 L/yr - ₹4.7 L/yr
4 years  (3 salaries)

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₹2.2 L/yr - ₹3.5 L/yr
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Similar Designation salaries in Mahindra Finance

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₹7.13 L/yr - ₹9.66 L/yr
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₹1.7 L/yr - ₹4.5 L/yr
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₹2 L/yr - ₹8.1 L/yr
Account Assistant Salary
(122 salaries)
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₹1.55 L/yr - ₹5.5 L/yr
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₹1.95 L/yr - ₹3.11 L/yr
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₹2.2 L/yr - ₹6 L/yr
Sales Executive Salary
(227 salaries)
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₹1.1 L/yr - ₹4.8 L/yr
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₹2.8 L/yr - ₹2.96 L/yr
Sales Officer Salary
(56 salaries)
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₹1.1 L/yr - ₹4.56 L/yr
Sales Manager Salary
(105 salaries)
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₹2.35 L/yr - ₹8.2 L/yr

Top skills at Mahindra Finance for Collection Associate

Collections Debt Recovery

Salary related reviews for Mahindra Finance

4.5

Rated by 7 employees for salary & benefits

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.

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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

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..

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  • Salary - Bad
  • +5 more

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.

read more
  • 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.

read more
  • Job security - Bad

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.

read more
  • Salary - Excellent
  • +5 more

Dislikes

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

read more
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Mahindra Finance Collection Associate Salary FAQs

What is the salary of Collection Associate at Mahindra Finance?
Collection Associate salary at Mahindra Finance in India ranges between ₹2.2 Lakhs to ₹3.5 Lakhs for less than 1 year of experience to 7 years. According to our estimates it is 16% less than the average Collection Associate Salary in India. Salary estimates are based on 13 latest salaries received from various employees of Mahindra Finance India.
How does the salary of a Collection Associate at Mahindra Finance India compare with the average salary range for this job?
The average salary of a Collection Associate at Mahindra Finance is 16% less than the average salary of a Collection Associate in India. To know exact salary insights, login to view.
What are the top skills required to work as a Collection Associate at Mahindra Finance?
Collections and Debt Recovery are some of the popular skills required to work as a Collection Associate at Mahindra Finance India.
Which similar companies are paying more than Mahindra Finance to a Collection Associate in India?
  • Aditya Birla Capital Collection Associate Salary - ₹3.3 Lakhs to ₹3.8 Lakhs per year
  • IIFL Finance Collection Associate Salary - ₹2.5 Lakhs to ₹3.9 Lakhs per year
  • PNB Housing Finance Collection Associate Salary - ₹3.0 Lakhs to ₹3.4 Lakhs per year
  • Shriram Finance Collection Associate Salary - ₹2.0 Lakhs to ₹4.1 Lakhs per year
  • L&T Finance Collection Associate Salary - ₹1.9 Lakhs to ₹4.8 Lakhs per year
What is the salary of a Collection Associate in companies similar to Mahindra Finance in India?
  • Kotak Mahindra Prime Collection Associate Salary - ₹2.4 Lakhs to ₹3.1 Lakhs per year
  • HDFC Bank Collection Associate Salary - ₹2.0 Lakhs to ₹2.8 Lakhs per year
  • Cholamandalam Investment & Finance Collection Associate Salary - ₹1.8 Lakhs to ₹2.8 Lakhs per year
  • Mahindra Rural Housing Finance Collection Associate Salary - ₹1.6 Lakhs to ₹2.4 Lakhs per year
  • TVS Credit Collection Associate Salary - ₹1.2 Lakhs to ₹3.2 Lakhs per year
What is the estimated take home salary of a Collection Associate at Mahindra Finance in India?
The estimated take-home salary of a Collection Associate at Mahindra Finance ranges between ₹18,654 per month to ₹20,337 per month in India. The take-home salary calculation is based on the average Mahindra Finance Collection Associate salary in India which ranges between ₹2.2 Lakhs to ₹3.5 Lakhs per year for employees with less than 1 year of experience to 7 years. Check how did we calculate take home salary?
What is the notice period for Collection Associate at Mahindra Finance?
According to AmbitionBox, 57% of the Mahindra Finance Collection Associates reported a notice period of 15 days or less, 22% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 14 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Mahindra Finance Collection Associate salary in India ranges between ₹2.2 Lakhs to ₹3.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 13 Mahindra Finance latest salaries received from various employees of Mahindra Finance.