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Mahindra Finance

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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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15% 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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₹1.7 L/yr - ₹4.7 L/yr

arrow icon 20% more
5 job openings
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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
Logo
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₹3 L/yr - ₹3.4 L/yr

arrow icon 23% more
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₹2.1 L/yr - ₹3.5 L/yr

At par
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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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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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₹1.6 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
View all

Similar Designation salaries in Mahindra Finance

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₹7.13 L/yr - ₹9.66 L/yr
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₹1.5 L/yr - ₹4.5 L/yr
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₹2 L/yr - ₹8.1 L/yr
Account Assistant Salary
(120 salaries)
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₹1.8 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
(232 salaries)
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₹1.3 L/yr - ₹4.8 L/yr
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₹2.8 L/yr - ₹2.96 L/yr
Sales Officer Salary
(54 salaries)
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₹1.65 L/yr - ₹4.56 L/yr
Sales Manager Salary
(108 salaries)
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₹2.35 L/yr - ₹9 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.

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

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 ?
The average salary of a Collection Associate at Mahindra Finance in India typically ranges from ₹2.2 Lakhs to ₹3.5 Lakhs per year, depending on experience (from Fresher to 7 years).

The top 10% of Collection Associate at Mahindra Finance earn more than ₹3.5 Lakhs per year, and the top 1% earn over ₹3.5 Lakhs per year. Collection Associate 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 10+ Mahindra Finance employees in India.
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 in India typically ranges from ₹18,654 to ₹20,337 per month. This is based on the average salary range of ₹2.2 Lakhs to ₹3.5 Lakhs per year for employees with experience ranging from Fresher to 7 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 10+ salaries received from various employees of Mahindra Finance. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Collection Associate at Mahindra Finance ?
To be a Collection Associate at Mahindra Finance in india, the key skills required include:

  • - Collections
  • - Debt Recovery

These skills are highly valued at Mahindra Finance and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than Mahindra Finance for Collection Associate in India?
IIFL Finance ₹2.5 Lakhs to ₹3.9 Lakhs per year
PNB Housing Finance ₹3.0 Lakhs to ₹3.4 Lakhs per year
Shriram Finance ₹2.0 Lakhs to ₹4.1 Lakhs per year
HDB Financial Services ₹1.7 Lakhs to ₹4.7 Lakhs per year
L&T Finance ₹1.9 Lakhs to ₹4.8 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 Associate in companies similar to Mahindra Finance in India?
The salary of a Collection Associate at companies similar to Mahindra Finance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Spandana Sphoorty Financial ₹2.1 Lakhs to ₹3.5 Lakhs per year
Mahindra Rural Housing Finance ₹1.6 Lakhs to ₹2.4 Lakhs per year
TVS Credit ₹1.2 Lakhs to ₹3.2 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 Associate at Mahindra Finance in India?
The salary growth for a Collection Associate at Mahindra Finance depends on factors such as experience, performance, and promotions. On average, a Collection Associate can expect the following growth trajectory at Mahindra Finance:

Experience Average Salary Range
Fresher ₹2.5 Lakhs to ₹4.5 Lakhs per year
1 year ₹2.5 Lakhs to ₹4.6 Lakhs per year
2 years ₹2.3 Lakhs to ₹4.7 Lakhs per year
3 years ₹2.4 Lakhs to ₹4.7 Lakhs per year
and so on.

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.