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Mahindra Finance

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Mahindra Finance Credit Manager salaries in Bangalore / Bengaluru

Annual salary range
6 - 12 years exp.
₹4.5 Lakhs - ₹9.5 Lakhs
Salary of majority employees
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12% less than the average Credit Manager Salary in NBFC Companies for 6 - 12 years of experience

Interested in this particular role?

Last Updated: 11 Jul 2024

Companies similar to Mahindra Finance for Credit Manager in Bangalore / Bengaluru

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Mahindra Finance Credit Manager Salary

6 - 12 years exp. (4 salaries)

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₹4.5 L/yr - ₹9.5 L/yr

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Company name Avg Annual Salary Open Jobs
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SMFG India Credit Credit Manager Salary

1 - 10 years exp. (38 salaries)

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₹2.9 L/yr - ₹11.3 L/yr

arrow icon 12% less
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Muthoot Finance Credit Manager Salary

0 - 12 years exp. (21 salaries)

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₹3 L/yr - ₹6 L/yr

arrow icon 37% less
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HDB Financial Services Credit Manager Salary

1 - 9 years exp. (21 salaries)

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₹2.2 L/yr - ₹7.1 L/yr

arrow icon 36% less
1 job opening
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₹5.3 L/yr - ₹12 L/yr

arrow icon 19% more
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IIFL Finance Credit Manager Salary

0 - 7 years exp. (12 salaries)

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₹3 L/yr - ₹6 L/yr

arrow icon 24% less
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Aavas Financiers Credit Manager Salary

1 - 6 years exp. (8 salaries)

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₹3.2 L/yr - ₹6.8 L/yr

arrow icon 18% less
5 job openings
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TVS Credit Credit Manager Salary

5 - 12 years exp. (6 salaries)

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₹4.5 L/yr - ₹8 L/yr

arrow icon 21% less
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L&T Finance Credit Manager Salary

5 - 10 years exp. (6 salaries)

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₹6 L/yr - ₹10 L/yr

arrow icon 13% more
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₹3.5 L/yr - ₹6 L/yr

arrow icon 33% less
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Kotak Mahindra Prime Credit Manager Salary

2 - 8 years exp. (5 salaries)

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₹7 L/yr - ₹9 L/yr

arrow icon 13% more
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Poonawalla Fincorp Credit Manager Salary

2 - 9 years exp. (5 salaries)

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₹5 L/yr - ₹10.1 L/yr

arrow icon 6% more
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Shriram Finance Credit Manager Salary

4 - 6 years exp. (3 salaries)

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₹5.4 L/yr - ₹8 L/yr

arrow icon 5% less
2 job openings
Credit Manager salary at Mahindra Finance ranges between ₹4.5 Lakhs to ₹9.5 Lakhs per year for employees with experience between 6 years to 12 years. Salary estimates are based on 4 latest salaries received from various employees of Mahindra Finance.

Latest annual salaries shared by Mahindra Finance Credit Manager in Bangalore / Bengaluru

8mo ago
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12 years exp.
9mo ago
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7 years exp.
1y ago
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11 years exp.
1y ago
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6 years exp.

Experience wise Mahindra Finance Credit Manager salaries in Bangalore / Bengaluru

Last Updated: 11 Jul 2024

Experience Avg Annual Salary
6 years (AmbitionBox Estimate)

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₹6.5 L/yr - ₹8.3 L/yr
7 years (AmbitionBox Estimate)

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₹6.5 L/yr - ₹8.3 L/yr
8 years (AmbitionBox Estimate)

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₹6.5 L/yr - ₹8.3 L/yr
9 years (AmbitionBox Estimate)

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₹6.5 L/yr - ₹8.3 L/yr
10 years (AmbitionBox Estimate)

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₹6.5 L/yr - ₹8.3 L/yr
View all

Similar Designation salaries in Mahindra Finance

Deputy Manager Salary
(12 salaries)
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₹4.9 L/yr - ₹12 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

3.0

Rated by 1 employees for salary & benefits

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.,

read more
  • Salary - Poor
  • +6 more

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.

read more
  • Salary - Bad
  • +4 more

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

read more
  • 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

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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.

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  • 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
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Mahindra Finance Credit Manager Salary FAQs

What is the salary of Credit Manager at Mahindra Finance in Bangalore / Bengaluru?
The average salary of a Credit Manager at Mahindra Finance in Bangalore / Bengaluru typically ranges from ₹4.5 Lakhs to ₹9.5 Lakhs per year, depending on experience (from 6 years to 12 years).

The top 10% of Credit Manager in Bangalore / Bengaluru at Mahindra Finance earn more than ₹9.5 Lakhs per year, and the top 1% earn over ₹9.5 Lakhs per year. Credit Manager 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 Manager at Mahindra Finance in Bangalore / Bengaluru?
The estimated take-home salary of a Credit Manager at Mahindra Finance in Bangalore / Bengaluru typically ranges from ₹54,104 to ₹55,454 per month. This is based on the average salary range of ₹4.5 Lakhs to ₹9.5 Lakhs per year for employees with experience ranging from 6 years to 12 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.
What are the key skills required to be a Credit Manager at Mahindra Finance in Bangalore / Bengaluru?
To be a Credit Manager at Mahindra Finance in Bangalore / Bengaluru, the key skills required include:

  • - Credit Management
  • - Credit Analysis
  • - Credit Appraisal
  • - Disbursement
  • - Credit

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 Credit Manager in India?
Tata Capital Housing Finance ₹5.3 Lakhs to ₹12.0 Lakhs per year
Kotak Mahindra Prime ₹7.0 Lakhs to ₹9.0 Lakhs per year
L&T Finance ₹6.0 Lakhs to ₹10.0 Lakhs per year
Poonawalla Fincorp ₹5.0 Lakhs to ₹10.1 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 Manager in companies similar to Mahindra Finance in Bangalore / Bengaluru?
The salary of a Credit Manager at companies similar to Mahindra Finance in Bangalore / Bengaluru varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Shriram Finance ₹5.4 Lakhs to ₹8.0 Lakhs per year
SMFG India Credit ₹2.9 Lakhs to ₹11.3 Lakhs per year
Aavas Financiers ₹3.2 Lakhs to ₹6.8 Lakhs per year
TVS Credit ₹4.5 Lakhs to ₹8.0 Lakhs per year
IIFL Finance ₹3.0 Lakhs to ₹6.0 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 Manager at Mahindra Finance in Bangalore / Bengaluru?
The salary growth for a Credit Manager at Mahindra Finance in Bangalore / Bengaluru depends on factors such as experience, performance, and promotions. On average, a Credit Manager in Bangalore / Bengaluru can expect the following growth trajectory at Mahindra Finance:

Experience Average Salary Range
6 years ₹6.5 Lakhs to ₹8.3 Lakhs per year
7 years ₹6.5 Lakhs to ₹8.3 Lakhs per year
8 years ₹6.5 Lakhs to ₹8.3 Lakhs per year
9 years ₹6.5 Lakhs to ₹8.3 Lakhs per year
and so on.

Tell us how to improve this page.

Mahindra Finance Credit Manager salary in Bangalore / Bengaluru ranges between ₹4.5 Lakhs to ₹9.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Mahindra Finance latest salaries received from various employees of Mahindra Finance.