Mahindra Finance Credit Manager Salaries by 80+ Employees (Updated 2025)

5 - 14 years exp.

₹2.3 Lakhs - ₹12 Lakhs

Salary of majority employees

9% less than the average Credit Manager Salary in NBFC Companies for 5 - 14 years of experience

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Salaries in different departments

Finance & Accounting Credit Manager Salary 5 - 14 years exp. (45 salaries)	₹3.8 L/yr - ₹13 L/yr
BFSI, Investments & Trading Credit Manager Salary 5 - 14 years exp. (25 salaries)	₹4.1 L/yr - ₹12 L/yr
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Risk Management & Compliance Credit Manager Salary 6 - 8 years exp. (3 salaries)	₹4.5 L/yr - ₹9.6 L/yr

Last Updated: 20 Feb 2025

Companies similar to Mahindra Finance for Credit Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Credit Manager Salary 0 - 12 years exp. (2.7k salaries)	₹3.5 L/yr - ₹14.1 L/yr 20% more	5 job openings
ICICI Bank Credit Manager Salary 0 - 11 years exp. (3.3k salaries)	₹4 L/yr - ₹17.5 L/yr 41% more
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Axis Bank Credit Manager Salary 0 - 12 years exp. (818 salaries)	₹3.5 L/yr - ₹14.8 L/yr 23% more
Bajaj Finance Credit Manager Salary 1 - 9 years exp. (195 salaries)	₹2.4 L/yr - ₹9 L/yr 18% less
Tata Capital Credit Manager Salary 0 - 11 years exp. (436 salaries)	₹3.5 L/yr - ₹13 L/yr 11% more	5 job openings
Kotak Mahindra Bank Credit Manager Salary 0 - 11 years exp. (1k salaries)	₹3.7 L/yr - ₹14.5 L/yr 28% more
IndusInd Bank Credit Manager Salary 2 - 12 years exp. (231 salaries)	₹2.9 L/yr - ₹13 L/yr 9% more
Aditya Birla Finance Credit Manager Salary 1 - 9 years exp. (300 salaries)	₹3.8 L/yr - ₹12.5 L/yr 2% more
IDFC FIRST Bank Credit Manager Salary 0 - 10 years exp. (676 salaries)	₹3 L/yr - ₹13 L/yr 10% more	1 job opening
Yes Bank Credit Manager Salary 0 - 10 years exp. (442 salaries)	₹4.2 L/yr - ₹14.6 L/yr 21% more	1 job opening
HDB Financial Services Credit Manager Salary 0 - 12 years exp. (467 salaries)	₹2 L/yr - ₹9 L/yr 34% less	1 job opening
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SMFG India Credit Credit Manager Salary 0 - 11 years exp. (345 salaries)	₹2.4 L/yr - ₹11.4 L/yr 7% less
Aavas Financiers Credit Manager Salary 0 - 10 years exp. (291 salaries)	₹2.5 L/yr - ₹8.5 L/yr 17% less	6 job openings
Tata Capital Housing Finance Credit Manager Salary 3 - 12 years exp. (185 salaries)	₹4 L/yr - ₹13.5 L/yr 10% more
IIFL Finance Credit Manager Salary 0 - 10 years exp. (179 salaries)	₹2.5 L/yr - ₹10.5 L/yr 16% less
Aditya Birla Capital Credit Manager Salary 2 - 10 years exp. (159 salaries)	₹4 L/yr - ₹10.8 L/yr 6% more
Cholamandalam Investment & Finance Credit Manager Salary 2 - 13 years exp. (155 salaries)	₹2 L/yr - ₹10.1 L/yr 20% less
Edelweiss Credit Manager Salary 0 - 9 years exp. (151 salaries)	₹2.7 L/yr - ₹12 L/yr 3% less
Poonawalla Fincorp Credit Manager Salary 0 - 10 years exp. (148 salaries)	₹4.2 L/yr - ₹11.3 L/yr 3% less
Shriram Finance Credit Manager Salary 0 - 12 years exp. (140 salaries)	₹1.8 L/yr - ₹10.3 L/yr 15% less	2 job openings

View all

Credit Manager salary at Mahindra Finance ranges between ₹2.3 Lakhs to ₹12 Lakhs per year for employees with experience between 5 years to 14 years. Salary estimates are based on 88 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Credit Manager salaries

Last Updated: 20 Feb 2025

Experience	Avg Annual Salary
5 years (16 salaries)	₹2.3 L/yr - ₹11.6 L/yr
6 years (16 salaries)	₹3.5 L/yr - ₹11.3 L/yr
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7 years (15 salaries)	₹3.5 L/yr - ₹12.1 L/yr
8 years (10 salaries)	₹3.8 L/yr - ₹12.7 L/yr
9 years (13 salaries)	₹3.8 L/yr - ₹12.5 L/yr
10 years (4 salaries)	₹5.5 L/yr - ₹8.7 L/yr
11 years (7 salaries)	₹4.5 L/yr - ₹8.9 L/yr
12 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹12.8 L/yr
13 years (3 salaries)	₹7 L/yr - ₹12 L/yr
14 years (AmbitionBox Estimate)	₹7 L/yr - ₹8 L/yr

View all

Similar Designation salaries in Mahindra Finance

Credit Officer Salary

(33 salaries)

₹1.5 L/yr - ₹3.58 L/yr

Area Credit Manager Salary

(7 salaries)

₹5.45 L/yr - ₹14 L/yr

Branch Manager Salary

(163 salaries)

₹2.05 L/yr - ₹9.1 L/yr

Deputy Manager Salary

(234 salaries)

₹4.04 L/yr - ₹11.5 L/yr

Chief Manager Salary

(42 salaries)

₹15 L/yr - ₹30 L/yr

Credit Analyst Salary

(13 salaries)

₹3.25 L/yr - ₹10 L/yr

Zonal Credit Manager Salary

(AmbitionBox Estimate)

₹24.3 L/yr - ₹31.1 L/yr

Sales Manager Salary

(107 salaries)

₹2.35 L/yr - ₹8.2 L/yr

Branch Credit Manager Salary

(10 salaries)

₹4 L/yr - ₹7.14 L/yr

Deputy Credit Manager Salary

(AmbitionBox Estimate)

₹5.9 L/yr - ₹7.6 L/yr

Top skills at Mahindra Finance for Credit Manager

Credit Management Credit Analysis Credit Appraisal Disbursement Credit Credit Underwriting Credit Operations Credit Monitoring Credit Assessment Credit Processing housing finance Branch Operations Risk Analysis Lap SME Finance

Salary related reviews for Mahindra Finance

3.2

Rated by 28 employees for salary & benefits

Credit Manager in Chennai

Full Time

Finance & Accounting Department

1.0

• posted on 20 Dec 2024

2.0

for Salary and Benefits

Likes

Nil

Dislikes

...MFSL is terrible. In the past 5 years from mar 2020 lots of dislikes happened i.e changes in salary stucture, poor increment, management changes, insecurity in job, etc.,

Salary - Poor

+6 more

Credit Manager in Mumbai

BFSI, Investments & Trading Department

2.0

• posted on 28 Jun 2022

1.0

for Salary and Benefits

Likes

There are no lines except some work life balance. That too is deteriorating offlate.

Job security - Good

Dislikes

...ponent. It may or may not provide Performance Pay depending on many variables. New recruits be careful while negotiating salary. The HR will tell Performance Pay is assured and is paid almost certainly. Don't believe that. This is not true. Ask for increment on Fixed, not overall CTC. Just because they mention Performance Pay on offer letter CTC, there is no assurance, that they have to give you. Lots of politics and partiality over Performance. The company used to be good. Not anymore after 2019. HR is meaningless and can't help with anything. Off role employees (colleagues) were laid off with just 15 days salary. Not a professional organisation. Lots of Management issues.

Salary - Bad

+4 more

Credit Manager in Sinnar

BFSI, Investments & Trading Department

5.0

• posted on 26 Jan 2022

5.0

for Salary and Benefits

Likes

Full job security, But Your appraisal judge by company's points of view, not what rating and score given to you by your reporting manager and his boss, Companies HR is for only the name, No any Respect for Appraisal Rating

Salary - Excellent

+5 more

Dislikes

Working culture is good, you can get retirement here , but with lowest salary, there is no any waitege for your appraisal ratings

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

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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 Manager Salary FAQs

What is the salary of Credit Manager at Mahindra Finance?

Credit Manager salary at Mahindra Finance in India ranges between ₹2.3 Lakhs to ₹12.0 Lakhs for experience between 5 years to 14 years. According to our estimates it is 9% less than the average Credit Manager Salary in India. Salary estimates are based on 88 latest salaries received from various employees of Mahindra Finance India.

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

The average salary of a Credit Manager at Mahindra Finance is 9% less than the average salary of a Credit Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Credit Manager at Mahindra Finance?

Credit Management, Credit Analysis, Credit Appraisal, Disbursement and Credit are some of the popular skills required to work as a Credit Manager at Mahindra Finance India.

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

ICICI Bank Credit Manager Salary - ₹4.0 Lakhs to ₹17.5 Lakhs per year
Kotak Mahindra Bank Credit Manager Salary - ₹3.7 Lakhs to ₹14.5 Lakhs per year
Axis Bank Credit Manager Salary - ₹3.5 Lakhs to ₹14.8 Lakhs per year
PNB Housing Finance Credit Manager Salary - ₹4.9 Lakhs to ₹12.1 Lakhs per year
Yes Bank Credit Manager Salary - ₹4.2 Lakhs to ₹14.6 Lakhs per year

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

HDFC Bank Credit Manager Salary - ₹3.5 Lakhs to ₹14.1 Lakhs per year
L&T Finance Credit Manager Salary - ₹3.2 Lakhs to ₹13.1 Lakhs per year
Kotak Mahindra Prime Credit Manager Salary - ₹3.9 Lakhs to ₹12.0 Lakhs per year
Tata Capital Credit Manager Salary - ₹3.5 Lakhs to ₹13.0 Lakhs per year
IDFC FIRST Bank Credit Manager Salary - ₹3.0 Lakhs to ₹13.0 Lakhs per year

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

The estimated take-home salary of a Credit Manager at Mahindra Finance ranges between ₹52,974 per month to ₹54,292 per month in India. The take-home salary calculation is based on the average Mahindra Finance Credit Manager salary in India which ranges between ₹2.3 Lakhs to ₹12.0 Lakhs per year for employees with experience between 5 years to 14 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 80% of the Mahindra Finance Credit Managers reported a notice period of 3 Months, 12% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 90 responses on AmbitionBox in last 2 years.

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Mahindra Finance Credit Manager Salaries

Mahindra Finance Credit Manager salary in India ranges between ₹2.3 Lakhs to ₹12 Lakhs with an average annual salary of ₹. Salary estimates are based on 88 Mahindra Finance latest salaries received from various employees of Mahindra Finance.

Mahindra Finance Credit Manager salaries in India (Updated 2025)

Companies similar to Mahindra Finance for Credit Manager

Latest annual salaries shared by Mahindra Finance Credit Manager

Experience wise Mahindra Finance Credit Manager salaries

Similar Designation salaries in Mahindra Finance

Top skills at Mahindra Finance for Credit Manager

Salary related reviews for Mahindra Finance

Credit Manager in Chennai

Credit Manager in Mumbai

Credit Manager in Sinnar

Deputy Manager in Mumbai

Relationship Manager in Chandigarh

Mahindra Finance Credit Manager Salary FAQs

Tell us how to improve this page.

Mahindra Finance Credit Manager Salaries by Location