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Mahindra Finance Credit Manager salaries in Mumbai

Annual salary range
5 - 13 years exp.
₹4.7 Lakhs - ₹12.7 Lakhs
Salary of majority employees
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11% more than the average Credit Manager Salary in NBFC Companies for 5 - 13 years of experience

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Salaries in different departments

Finance & Accounting
Credit Manager Salary
6 - 13 years exp. (3 salaries)
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₹4.7 L/yr - ₹9.5 L/yr

BFSI, Investments & Trading
Credit Manager Salary
5 - 7 years exp. (AmbitionBox Estimate)
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₹7.6 L/yr - ₹11.6 L/yr

Last Updated: 18 Dec 2024

Companies similar to Mahindra Finance for Credit Manager in Mumbai

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Mahindra Finance Credit Manager Salary

5 - 13 years exp. (8 salaries)

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₹4.7 L/yr - ₹12.7 L/yr

vs
Company name Avg Annual Salary Open Jobs
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HDFC Bank Credit Manager Salary

0 - 12 years exp. (445 salaries)

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₹4 L/yr - ₹14 L/yr

arrow icon 2% less
3 job openings
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ICICI Bank Credit Manager Salary

0 - 11 years exp. (563 salaries)

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₹4.3 L/yr - ₹15.2 L/yr

arrow icon 11% more
1 job opening
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Axis Bank Credit Manager Salary

0 - 12 years exp. (144 salaries)

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₹4.7 L/yr - ₹14.9 L/yr

arrow icon 2% more
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Tata Capital Credit Manager Salary

0 - 10 years exp. (79 salaries)

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₹2.4 L/yr - ₹12.4 L/yr

arrow icon 19% less
10 job openings
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Kotak Mahindra Bank Credit Manager Salary

0 - 11 years exp. (243 salaries)

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₹3.6 L/yr - ₹14 L/yr

arrow icon 2% less
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IndusInd Bank Credit Manager Salary

3 - 12 years exp. (34 salaries)

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₹3.6 L/yr - ₹11 L/yr

arrow icon 13% less
6 job openings
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Aditya Birla Finance Credit Manager Salary

1 - 9 years exp. (56 salaries)

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₹4.6 L/yr - ₹12.5 L/yr

arrow icon 19% less
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IDFC FIRST Bank Credit Manager Salary

0 - 10 years exp. (210 salaries)

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₹3 L/yr - ₹13 L/yr

arrow icon 13% less
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Yes Bank Credit Manager Salary

0 - 10 years exp. (73 salaries)

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₹4.6 L/yr - ₹14.1 L/yr

arrow icon 5% less
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SMFG India Credit Credit Manager Salary

1 - 12 years exp. (68 salaries)

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₹2.8 L/yr - ₹10.5 L/yr

arrow icon 23% less
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HDB Financial Services Credit Manager Salary

1 - 12 years exp. (44 salaries)

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₹2.7 L/yr - ₹7 L/yr

arrow icon 48% less
1 job opening
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Aditya Birla Capital Credit Manager Salary

2 - 10 years exp. (41 salaries)

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₹4.5 L/yr - ₹10.8 L/yr

arrow icon 26% less
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IIFL Finance Credit Manager Salary

0 - 7 years exp. (40 salaries)

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₹2.8 L/yr - ₹10.1 L/yr

arrow icon 27% less
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L&T Finance Credit Manager Salary

2 - 9 years exp. (20 salaries)

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₹6 L/yr - ₹14 L/yr

arrow icon 10% more
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Kotak Mahindra Prime Credit Manager Salary

0 - 7 years exp. (19 salaries)

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₹4.5 L/yr - ₹11 L/yr

arrow icon 9% less
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PNB Housing Finance Credit Manager Salary

0 - 10 years exp. (18 salaries)

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₹5 L/yr - ₹11.4 L/yr

arrow icon 10% less
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Edelweiss Credit Manager Salary

0 - 8 years exp. (17 salaries)

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₹3.5 L/yr - ₹11.5 L/yr

arrow icon 25% less
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Muthoot Finance Credit Manager Salary

0 - 12 years exp. (12 salaries)

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₹3.5 L/yr - ₹6 L/yr

arrow icon 48% less
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₹5 L/yr - ₹11.7 L/yr

arrow icon 8% less
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Aavas Financiers Credit Manager Salary

4 - 9 years exp. (10 salaries)

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₹3.8 L/yr - ₹7.6 L/yr

arrow icon 34% less
3 job openings
View all
Credit Manager salary at Mahindra Finance ranges between ₹4.7 Lakhs to ₹12.7 Lakhs per year for employees with experience between 5 years to 13 years. Salary estimates are based on 8 latest salaries received from various employees of Mahindra Finance.

Latest annual salaries shared by Mahindra Finance Credit Manager in Mumbai

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Experience wise Mahindra Finance Credit Manager salaries in Mumbai

Last Updated: 18 Dec 2024

Experience Avg Annual Salary
5 years (AmbitionBox Estimate)

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₹3.7 L/yr - ₹11.6 L/yr
6 years (AmbitionBox Estimate)

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₹4.7 L/yr - ₹9.5 L/yr
7 years (AmbitionBox Estimate)

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₹7.6 L/yr - ₹16.5 L/yr
8 years (AmbitionBox Estimate)

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₹3.6 L/yr - ₹12.7 L/yr
9 years (AmbitionBox Estimate)

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₹8.1 L/yr - ₹10.4 L/yr
View all

Similar Designation salaries in Mahindra Finance

Deputy Manager Salary
(65 salaries)
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₹4.2 L/yr - ₹11.5 L/yr
Chief Manager Salary
(29 salaries)
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₹15 L/yr - ₹30 L/yr
Sales Manager Salary
(5 salaries)
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₹4.45 L/yr - ₹8 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

2.3

Rated by 4 employees for salary & benefits

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.

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.

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Full Time

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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.,

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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

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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

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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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Dislikes

So far no issues.

Full Time

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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.

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Mahindra Finance Credit Manager Salary FAQs

What is the salary of Credit Manager at Mahindra Finance Mumbai?
Credit Manager salary at Mahindra Finance in Mumbai ranges between ₹4.7 Lakhs to ₹12.7 Lakhs for experience between 5 years to 13 years. According to our estimates it is 11% more than the average Credit Manager Salary in India. Salary estimates are based on 8 latest salaries received from various employees of Mahindra Finance Mumbai.
How does the salary of a Credit Manager at Mahindra Finance Mumbai compare with the average salary range for this job?
The average salary of a Credit Manager at Mahindra Finance is 11% more than the average salary of a Credit Manager in Mumbai. 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 Mumbai.
Which similar companies are paying more than Mahindra Finance to a Credit Manager in Mumbai?
  • ICICI Bank Credit Manager Salary - ₹4.3 Lakhs to ₹15.2 Lakhs per year
  • L&T Finance Credit Manager Salary - ₹6.0 Lakhs to ₹14.0 Lakhs per year
  • Axis Bank Credit Manager Salary - ₹4.7 Lakhs to ₹14.9 Lakhs per year
What is the salary of a Credit Manager in companies similar to Mahindra Finance in Mumbai?
  • HDFC Bank Credit Manager Salary - ₹4.0 Lakhs to ₹14.0 Lakhs per year
  • Kotak Mahindra Bank Credit Manager Salary - ₹3.6 Lakhs to ₹14.0 Lakhs per year
  • Yes Bank Credit Manager Salary - ₹4.6 Lakhs to ₹14.1 Lakhs per year
  • Tata Capital Housing Finance Credit Manager Salary - ₹5.0 Lakhs to ₹11.7 Lakhs per year
  • Kotak Mahindra Prime Credit Manager Salary - ₹4.5 Lakhs to ₹11.0 Lakhs per year
What is the estimated take home salary of a Credit Manager at Mahindra Finance in Mumbai?
The estimated take-home salary of a Credit Manager at Mahindra Finance ranges between ₹65,587 per month to ₹67,262 per month in Mumbai. The take-home salary calculation is based on the average Mahindra Finance Credit Manager salary in India which ranges between ₹4.7 Lakhs to ₹12.7 Lakhs per year for employees with experience between 5 years to 13 years. Check how did we calculate take home salary?
What is the notice period for Credit Manager at Mahindra Finance in Mumbai?
According to AmbitionBox, 83% of the Mahindra Finance Credit Managers in Mumbai reported a notice period of 3 Months, 17% reported a notice period of 1 Month.This is based on 12 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Mahindra Finance Credit Manager salary in Mumbai ranges between ₹4.7 Lakhs to ₹12.7 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 8 Mahindra Finance latest salaries received from various employees of Mahindra Finance.