Mahindra Finance Credit Associate Salaries by 4 Employees (Updated 2025)

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

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Last Updated: 12 Mar 2023

Companies similar to Mahindra Finance for Credit Associate

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Credit Associate Salary 3 - 7 years exp. (4 salaries)	₹1.2 L/yr - ₹5 L/yr 38% more
Cholamandalam Investment & Finance Credit Associate Salary 1 - 8 years exp. (4 salaries)	₹2.1 L/yr - ₹4.6 L/yr 90% more
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Muthoot Finance Credit Associate Salary 3 - 5 years exp. (5 salaries)	₹2.9 L/yr - ₹3.1 L/yr 78% more
Aditya Birla Capital Credit Associate Salary 0 - 3 years exp. (3 salaries)	₹2.2 L/yr - ₹3 L/yr 60% more
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 - 3 years exp. (8 salaries)	₹1.9 L/yr - ₹4.5 L/yr 83% more
IIFL Finance Credit Associate Salary 1 - 4 years exp. (5 salaries)	₹2 L/yr - ₹3 L/yr 49% 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
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3 years (AmbitionBox Estimate)	₹1.1 L/yr - ₹1.9 L/yr

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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

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Salary Discussions, Hike & Promotions

1w (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 my previous org.

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Mahindra Finance Credit Associate Salary FAQs

What is the salary of Credit Associate at Mahindra Finance?

Credit Associate salary at Mahindra Finance in India ranges between ₹1.1 Lakhs to ₹1.9 Lakhs for experience between 2 years to 3 years. According to our estimates it is 62% less than the average Credit Associate Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Mahindra Finance India.

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

The average salary of a Credit Associate at Mahindra Finance is 62% less than the average salary of a Credit Associate in India. To know exact salary insights, login to view.

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

PNB Housing Finance Credit Associate Salary - ₹2.7 Lakhs to ₹4.0 Lakhs per year
Cholamandalam Investment & Finance Credit Associate Salary - ₹2.1 Lakhs to ₹4.6 Lakhs per year
Kotak Mahindra Prime Credit Associate Salary - ₹1.9 Lakhs to ₹4.5 Lakhs per year
Muthoot Finance Credit Associate Salary - ₹2.9 Lakhs to ₹3.1 Lakhs per year
SMFG India Credit Credit Associate Salary - ₹2.2 Lakhs to ₹4.0 Lakhs per year

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

Aditya Birla Capital Credit Associate Salary - ₹2.2 Lakhs to ₹3.0 Lakhs per year
IIFL Finance Credit Associate Salary - ₹2.0 Lakhs to ₹3.0 Lakhs per year
HDFC Bank Credit Associate Salary - ₹1.2 Lakhs to ₹5.0 Lakhs per year
Mahindra Rural Housing Finance Credit Associate Salary - ₹1.3 Lakhs to ₹2.4 Lakhs per year

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 ranges between ₹11,480 per month to ₹12,743 per month in India. The take-home salary calculation is based on the average Mahindra Finance Credit Associate salary in India which ranges between ₹1.1 Lakhs to ₹1.9 Lakhs per year for employees with experience between 2 years to 3 years. Check how did we calculate take home salary?

What is the notice period for Credit Associate at Mahindra Finance?

According to AmbitionBox, 100% of the Mahindra Finance Credit Associates reported a notice period of 3 Months.This is based on 1 response on AmbitionBox in last 2 years.

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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.