Mahindra Finance Credit Associate Salaries by 4 Employees

2 - 3 years exp.

₹1.1 Lakh - ₹1.9 Lakh

Low Confidence

Salary of majority employees

62% less than the average Credit Associate Salary in NBFC Companies for 2 - 3 years of experience

Interested in this particular role?

Last Updated: 12 Mar 2023

Companies similar to Mahindra Finance for Credit Associate

Company name	Avg Annual Salary	Open Jobs
Mahindra Rural Housing Finance Credit Associate Salary 0 - 5 years exp. (75 salaries)	₹1.3 L/yr - ₹2.4 L/yr 8% more
Kotak Mahindra Prime Credit Associate Salary 2 - 4 years exp. (8 salaries)	₹1.9 L/yr - ₹4.5 L/yr 83% more
Login to view exact salary
HDB Financial Services Credit Associate Salary 0 - 4 years exp. (6 salaries)	₹1.9 L/yr - ₹2.5 L/yr 23% more
IIFL Finance Credit Associate Salary 1 - 4 years exp. (5 salaries)	₹2 L/yr - ₹3 L/yr 49% more
Muthoot Finance Credit Associate Salary 3 - 5 years exp. (5 salaries)	₹2.9 L/yr - ₹3.1 L/yr 78% more
SMFG India Credit Credit Associate Salary 2 - 4 years exp. (5 salaries)	₹2.2 L/yr - ₹4 L/yr 62% more
PNB Housing Finance Credit Associate Salary 1 - 8 years exp. (4 salaries)	₹2.7 L/yr - ₹4 L/yr 101% more

Credit Associate salary at Mahindra Finance ranges between ₹1.1 Lakh to ₹1.9 Lakh per year for employees with experience between 2 years to 3 years. Salary estimates are based on 4 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Credit Associate salaries

Last Updated: 12 Mar 2023

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹1.4 L/yr - ₹3 L/yr
Login to view exact salary
3 years (AmbitionBox Estimate)	₹1.1 L/yr - ₹1.9 L/yr

Similar Designation salaries in Mahindra Finance

Senior Associate Salary

(5 salaries)

₹7.13 L/yr - ₹9.66 L/yr

Process Associate Salary

(4 salaries)

₹2 L/yr - ₹8.1 L/yr

Account Assistant Salary

(120 salaries)

₹1.8 L/yr - ₹5.5 L/yr

Team Lead Salary

(36 salaries)

₹2.2 L/yr - ₹5.5 L/yr

Deputy Manager Salary

(317 salaries)

₹4 L/yr - ₹12 L/yr

Accountant Salary

(82 salaries)

₹1.2 L/yr - ₹5.25 L/yr

Analyst Salary

(3 salaries)

₹1 L/yr - ₹12 L/yr

Finance Executive Salary

(161 salaries)

₹1.6 L/yr - ₹4.8 L/yr

Financial Analyst Salary

(6 salaries)

₹1.95 L/yr - ₹3.11 L/yr

Management Trainee Salary

(32 salaries)

₹4 L/yr - ₹10.42 L/yr

Salary related reviews for Mahindra Finance

4.2

Rated by 7 employees for salary & benefits

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

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

Deputy Manager in Chandigarh Sector 34 A

Full Time

Finance & Accounting Department

5.0

• posted on 26 Jan 2022

5.0

for Salary and Benefits

Likes

I m working with this company since 17 years. There is well work life balance. Time to time new technology introduced by Co. And get trained by them. This Co. Is great place to work..

Salary - Excellent

+6 more

Dislikes

Only salary package..

Account Assistant in Tinsukia

Finance & Accounting Department

4.0

• posted on 12 May 2021

4.0

for Salary and Benefits

Likes

...ronment and culture, my teammates are supportive and activeness with management. Good company policies and appraisals are fair, Good salary.

Salary - Good

+6 more

Dislikes

Lots of politics in management, salary are not very much hike and its slow

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

Got a question about Mahindra Finance?

Ask anonymously on communities.

Mahindra Finance Credit Associate Salary FAQs

What is the salary of Credit Associate at Mahindra Finance ?

The average salary of a Credit Associate at Mahindra Finance in India typically ranges from ₹1.1 Lakhs to ₹1.9 Lakhs per year, depending on experience (from 2 years to 3 years).

The top 10% of Credit Associate at Mahindra Finance earn more than ₹1.9 Lakhs per year, and the top 1% earn over ₹1.9 Lakhs per year. Credit 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 4 Mahindra Finance employees in India.

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

The estimated take-home salary of a Credit Associate at Mahindra Finance in India typically ranges from ₹11,480 to ₹12,743 per month. This is based on the average salary range of ₹1.1 Lakhs to ₹1.9 Lakhs per year for employees with experience ranging from 2 years to 3 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 Credit Associate in India?

PNB Housing Finance	₹2.7 Lakhs to ₹4.0 Lakhs per year
Kotak Mahindra Prime	₹1.9 Lakhs to ₹4.5 Lakhs per year
Muthoot Finance	₹2.9 Lakhs to ₹3.1 Lakhs per year
SMFG India Credit	₹2.2 Lakhs to ₹4.0 Lakhs per year
IIFL Finance	₹2.0 Lakhs to ₹3.0 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 Credit Associate in companies similar to Mahindra Finance in India?

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

HDB Financial Services	₹1.9 Lakhs to ₹2.5 Lakhs per year
Mahindra Rural Housing Finance	₹1.3 Lakhs to ₹2.4 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 Credit Associate at Mahindra Finance in India?

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

Experience	Average Salary Range
2 years	₹1.4 Lakhs to ₹3.0 Lakhs per year
3 years	₹1.1 Lakhs to ₹1.9 Lakhs per year

and so on.

Tell us how to improve this page.

Home >
Salaries >
Mahindra Finance Salaries >
Mahindra Finance Credit Associate Salaries

Mahindra Finance Credit Associate salary in India ranges between ₹1.1 Lakh to ₹1.9 Lakh with an average annual salary of ₹. Salary estimates are based on 4 Mahindra Finance latest salaries received from various employees of Mahindra Finance.