Mahindra Finance Mumbai Credit Manager Salaries by 9 Employees (Updated 2025)

5 - 13 years exp.

₹4.7 Lakhs - ₹12.2 Lakhs

Salary of majority employees

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14% less 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 5 - 13 years exp. (4 salaries)	Unlock ₹4.7 L/yr - ₹9.5 L/yr
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BFSI, Investments & Trading Credit Manager Salary 5 - 7 years exp. (AmbitionBox Estimate)	Unlock ₹7.2 L/yr - ₹11.6 L/yr

Last Updated: 8 Mar 2025

Companies similar to Mahindra Finance for Credit Manager in Mumbai

Mahindra Finance Credit Manager Salary

5 - 13 years exp. (9 salaries)

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₹4.7 L/yr - ₹12.2 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Credit Manager Salary 0 - 11 years exp. (451 salaries)	Unlock ₹4 L/yr - ₹15 L/yr 32% more	3 job openings
ICICI Bank Credit Manager Salary 0 - 11 years exp. (562 salaries)	Unlock ₹4.3 L/yr - ₹17.4 L/yr 41% more
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Axis Bank Credit Manager Salary 0 - 12 years exp. (148 salaries)	Unlock ₹4 L/yr - ₹15.3 L/yr 32% more
Tata Capital Credit Manager Salary 0 - 9 years exp. (77 salaries)	Unlock ₹3.7 L/yr - ₹12.4 L/yr 12% more	7 job openings
Kotak Mahindra Bank Credit Manager Salary 0 - 11 years exp. (237 salaries)	Unlock ₹3.7 L/yr - ₹13 L/yr 18% more
IndusInd Bank Credit Manager Salary 2 - 12 years exp. (35 salaries)	Unlock ₹3.6 L/yr - ₹11 L/yr 5% more	1 job opening
Aditya Birla Finance Credit Manager Salary 1 - 9 years exp. (55 salaries)	Unlock ₹4.6 L/yr - ₹12.6 L/yr 4% more
IDFC FIRST Bank Credit Manager Salary 0 - 10 years exp. (209 salaries)	Unlock ₹4.3 L/yr - ₹14.9 L/yr 18% more
Yes Bank Credit Manager Salary 0 - 10 years exp. (75 salaries)	Unlock ₹4.6 L/yr - ₹14 L/yr 20% more	1 job opening
SMFG India Credit Credit Manager Salary 1 - 11 years exp. (71 salaries)	Unlock ₹3.2 L/yr - ₹13.3 L/yr 7% more
IIFL Finance Credit Manager Salary 0 - 10 years exp. (48 salaries)	Unlock ₹2.8 L/yr - ₹10.1 L/yr At par
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HDB Financial Services Credit Manager Salary 1 - 12 years exp. (44 salaries)	Unlock ₹2.7 L/yr - ₹7 L/yr 32% less	1 job opening
Aditya Birla Capital Credit Manager Salary 2 - 9 years exp. (39 salaries)	Unlock ₹4.5 L/yr - ₹10.8 L/yr 6% more
L&T Finance Credit Manager Salary 2 - 9 years exp. (19 salaries)	Unlock ₹6 L/yr - ₹12.7 L/yr 26% more
PNB Housing Finance Credit Manager Salary 0 - 10 years exp. (18 salaries)	Unlock ₹5 L/yr - ₹11.4 L/yr 22% more
Edelweiss Credit Manager Salary 0 - 8 years exp. (17 salaries)	Unlock ₹3.5 L/yr - ₹10.7 L/yr 12% less
Kotak Mahindra Prime Credit Manager Salary 1 - 8 years exp. (17 salaries)	Unlock ₹4.5 L/yr - ₹11 L/yr 21% more
Muthoot Finance Credit Manager Salary 0 - 12 years exp. (12 salaries)	Unlock ₹3.5 L/yr - ₹6 L/yr 32% less	1 job opening
Tata Capital Housing Finance Credit Manager Salary 4 - 8 years exp. (9 salaries)	Unlock ₹5 L/yr - ₹11 L/yr 11% more
Aavas Financiers Credit Manager Salary 4 - 9 years exp. (9 salaries)	Unlock ₹3.8 L/yr - ₹7.6 L/yr 15% less	6 job openings

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Credit Manager salary at Mahindra Finance ranges between ₹4.7 Lakhs to ₹12.2 Lakhs per year for employees with experience between 5 years to 13 years. Salary estimates are based on 9 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Credit Manager salaries in Mumbai

Last Updated: 8 Mar 2025

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	Unlock ₹7 L/yr - ₹11.6 L/yr
6 years (AmbitionBox Estimate)	Unlock ₹4.7 L/yr - ₹9.5 L/yr
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7 years (AmbitionBox Estimate)	Unlock ₹2.8 L/yr - ₹7.6 L/yr
8 years (AmbitionBox Estimate)	Unlock ₹2.8 L/yr - ₹12.6 L/yr
9 years (AmbitionBox Estimate)	Unlock ₹6.3 L/yr - ₹8.1 L/yr
10 years (AmbitionBox Estimate)	Unlock ₹2.8 L/yr - ₹8.7 L/yr
11 years (AmbitionBox Estimate)	Unlock ₹6.3 L/yr - ₹8.1 L/yr
12 years (AmbitionBox Estimate)	Unlock ₹6.3 L/yr - ₹8.1 L/yr
13 years (AmbitionBox Estimate)	Unlock ₹2.8 L/yr - ₹9.5 L/yr

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Similar Designation salaries in Mahindra Finance

Deputy Manager Salary

(80 salaries)

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₹4.2 L/yr - ₹11.5 L/yr

Chief Manager Salary

(32 salaries)

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₹15 L/yr - ₹30 L/yr

Sales Manager Salary

(6 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

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 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 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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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... read more

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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 ₹12.2 Lakhs for experience between 5 years to 13 years. According to our estimates it is 14% less than the average Credit Manager Salary in India. Salary estimates are based on 9 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 14% less 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 ₹17.4 Lakhs per year
Axis Bank Credit Manager Salary - ₹4.0 Lakhs to ₹15.3 Lakhs per year
HDFC Bank Credit Manager Salary - ₹4.0 Lakhs to ₹15.0 Lakhs per year
L&T Finance Credit Manager Salary - ₹6.0 Lakhs to ₹12.7 Lakhs per year
PNB Housing Finance Credit Manager Salary - ₹5.0 Lakhs to ₹11.4 Lakhs per year

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

Kotak Mahindra Prime Credit Manager Salary - ₹4.5 Lakhs to ₹11.0 Lakhs per year
Yes Bank Credit Manager Salary - ₹4.6 Lakhs to ₹14.0 Lakhs per year
IDFC FIRST Bank Credit Manager Salary - ₹4.3 Lakhs to ₹14.9 Lakhs per year
Kotak Mahindra Bank Credit Manager Salary - ₹3.7 Lakhs to ₹13.0 Lakhs per year
Tata Capital Credit Manager Salary - ₹3.7 Lakhs to ₹12.4 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 ₹52,579 per month to ₹53,886 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 ₹12.2 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, 77% of the Mahindra Finance Credit Managers in Mumbai reported a notice period of 3 Months, 23% reported a notice period of 1 Month.This is based on 13 responses on AmbitionBox in last 2 years.

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Mahindra Finance Credit Manager Salaries in Mumbai

Mahindra Finance Credit Manager salary in Mumbai ranges between ₹4.7 Lakhs to ₹12.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 9 Mahindra Finance latest salaries received from various employees of Mahindra Finance.