Mahindra Finance Credit Officer Salaries by 30+ Employees (Updated 2025)

0 - 7 years exp.

₹1.5 Lakh - ₹3.6 Lakhs

Salary of majority employees

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28% less than the average Credit Officer Salary in NBFC Companies for 0 - 7 years of experience

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Salaries in different departments

Finance & Accounting Credit Officer Salary 1 - 7 years exp. (16 salaries)	Unlock ₹2 L/yr - ₹3.4 L/yr
BFSI, Investments & Trading Credit Officer Salary 2 - 5 years exp. (6 salaries)	Unlock ₹1.5 L/yr - ₹3 L/yr
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Risk Management & Compliance Credit Officer Salary 2 - 4 years exp. (3 salaries)	Unlock ₹2.8 L/yr - ₹3.1 L/yr
Customer Success, Service & Operations Credit Officer Salary 3 - 7 years exp. (AmbitionBox Estimate)	Unlock ₹2.2 L/yr - ₹3.6 L/yr

Last Updated: 28 Jan 2025

Companies similar to Mahindra Finance for Credit Officer

Company name	Avg Annual Salary	Open Jobs
Bajaj Finance Credit Officer Salary 0 - 5 years exp. (38 salaries)	Unlock ₹1.9 L/yr - ₹5.5 L/yr 35% more
HDFC Bank Credit Officer Salary 1 - 8 years exp. (252 salaries)	Unlock ₹1.2 L/yr - ₹4 L/yr 2% less
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Shriram Finance Credit Officer Salary 0 - 9 years exp. (170 salaries)	Unlock ₹1.2 L/yr - ₹4.5 L/yr 4% more
L&T Finance Credit Officer Salary 1 - 6 years exp. (46 salaries)	Unlock ₹1.8 L/yr - ₹4 L/yr 28% more
Cholamandalam Investment & Finance Credit Officer Salary 0 - 8 years exp. (131 salaries)	Unlock ₹1.7 L/yr - ₹4 L/yr 10% more
Muthoot Finance Credit Officer Salary 1 - 5 years exp. (8 salaries)	Unlock ₹1.7 L/yr - ₹2.4 L/yr 18% less
Aditya Birla Capital Credit Officer Salary 0 - 8 years exp. (42 salaries)	Unlock ₹2.6 L/yr - ₹5 L/yr 48% more
Edelweiss Credit Officer Salary 0 - 9 years exp. (225 salaries)	Unlock ₹2 L/yr - ₹4.5 L/yr 29% more
Sammaan Capital Limited Credit Officer Salary 0 - 6 years exp. (136 salaries)	Unlock ₹1.7 L/yr - ₹3.8 L/yr 10% more
Mahindra Rural Housing Finance Credit Officer Salary 0 - 6 years exp. (199 salaries)	Unlock ₹1.2 L/yr - ₹4 L/yr 4% more
Muthoot Fincorp Credit Officer Salary 0 - 6 years exp. (162 salaries)	Unlock ₹1.7 L/yr - ₹4 L/yr 9% more
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SMFG India Credit Credit Officer Salary 0 - 7 years exp. (99 salaries)	Unlock ₹1.6 L/yr - ₹4.5 L/yr 14% more
Muthoot Microfin Credit Officer Salary 0 - 6 years exp. (69 salaries)	Unlock ₹1.4 L/yr - ₹2.7 L/yr 23% less
IIFL Finance Credit Officer Salary 1 - 7 years exp. (56 salaries)	Unlock ₹1.4 L/yr - ₹4.2 L/yr 10% more
Aavas Financiers Credit Officer Salary 1 - 5 years exp. (52 salaries)	Unlock ₹1.2 L/yr - ₹4.5 L/yr 18% more	1 job opening
SK Finance Limited Credit Officer Salary 1 - 6 years exp. (47 salaries)	Unlock ₹1.6 L/yr - ₹4.5 L/yr 16% more
Capri Global Capital Credit Officer Salary 0 - 6 years exp. (42 salaries)	Unlock ₹1.5 L/yr - ₹3.7 L/yr 4% more
Manappuram Finance Credit Officer Salary 1 - 3 years exp. (11 salaries)	Unlock ₹2.2 L/yr - ₹4.5 L/yr 21% more
Tata Capital Housing Finance Credit Officer Salary 2 - 6 years exp. (18 salaries)	Unlock ₹3 L/yr - ₹3.8 L/yr 29% more
Kotak Mahindra Prime Credit Officer Salary 0 - 4 years exp. (17 salaries)	Unlock ₹1.6 L/yr - ₹2.7 L/yr 17% less

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Credit Officer salary at Mahindra Finance ranges between ₹1.5 Lakh to ₹3.6 Lakhs per year for employees with less than 1 year of experience to 7 years. Salary estimates are based on 33 latest salaries received from various employees of Mahindra Finance.

Latest annual salaries shared by Mahindra Finance Credit Officer

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3 years exp.

5mo ago

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4 years exp.

7mo ago

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6 years exp.

1y ago

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3 years exp.

1y ago

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7 years exp.

1y ago

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3 years exp.

1y ago

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1 year exp.

1y ago

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4 years exp.

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6 years exp.

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5 years exp.

Experience wise Mahindra Finance Credit Officer salaries

Last Updated: 28 Jan 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	Unlock ₹1.6 L/yr - ₹4.4 L/yr
1 year (AmbitionBox Estimate)	Unlock ₹2 L/yr - ₹4.5 L/yr
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2 years (6 salaries)	Unlock ₹1.5 L/yr - ₹2.8 L/yr
3 years (6 salaries)	Unlock ₹1.5 L/yr - ₹3.6 L/yr
4 years (6 salaries)	Unlock ₹2 L/yr - ₹3.4 L/yr
5 years (5 salaries)	Unlock ₹2 L/yr - ₹3.4 L/yr
6 years (3 salaries)	Unlock ₹2.1 L/yr - ₹3.2 L/yr
7 years (4 salaries)	Unlock ₹2.2 L/yr - ₹5.1 L/yr

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Similar Designation salaries in Mahindra Finance

Credit Manager Salary

(88 salaries)

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₹2.3 L/yr - ₹12.01 L/yr

Sales Officer Salary

(53 salaries)

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₹1.65 L/yr - ₹4.25 L/yr

Credit Analyst Salary

(13 salaries)

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₹3.25 L/yr - ₹10 L/yr

Senior Credit Officer Salary

(AmbitionBox Estimate)

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₹4.5 L/yr - ₹5.8 L/yr

Officer Salary

(5 salaries)

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₹1.86 L/yr - ₹2.8 L/yr

Credit Underwriter Salary

(5 salaries)

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₹8 L/yr - ₹10 L/yr

Credit Executive Salary

(21 salaries)

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₹1.6 L/yr - ₹3.5 L/yr

Area Credit Manager Salary

(7 salaries)

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₹5.45 L/yr - ₹14 L/yr

Branch Manager Salary

(163 salaries)

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₹2.05 L/yr - ₹9.1 L/yr

Deputy Manager Salary

(234 salaries)

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₹4.04 L/yr - ₹11.5 L/yr

Salary related reviews for Mahindra Finance

1.4

Rated by 11 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

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

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

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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... read more

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Mahindra Finance Credit Officer Salary FAQs

What is the salary of Credit Officer at Mahindra Finance?

Credit Officer salary at Mahindra Finance in India ranges between ₹1.5 Lakhs to ₹3.6 Lakhs for less than 1 year of experience to 7 years. According to our estimates it is 28% less than the average Credit Officer Salary in India. Salary estimates are based on 33 latest salaries received from various employees of Mahindra Finance India.

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

The average salary of a Credit Officer at Mahindra Finance is 28% less than the average salary of a Credit Officer in India. To know exact salary insights, login to view.

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

Bharat Financial Inclusion Credit Officer Salary - ₹3.0 Lakhs to ₹6.5 Lakhs per year
Aditya Birla Capital Credit Officer Salary - ₹2.6 Lakhs to ₹5.0 Lakhs per year
Bajaj Finance Credit Officer Salary - ₹1.9 Lakhs to ₹5.5 Lakhs per year
Tata Capital Housing Finance Credit Officer Salary - ₹3.0 Lakhs to ₹3.8 Lakhs per year
Edelweiss Credit Officer Salary - ₹2.0 Lakhs to ₹4.5 Lakhs per year

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

L&T Finance Credit Officer Salary - ₹1.8 Lakhs to ₹4.0 Lakhs per year
Electronica Finance Credit Officer Salary - ₹2.5 Lakhs to ₹4.8 Lakhs per year
Manappuram Finance Credit Officer Salary - ₹2.2 Lakhs to ₹4.5 Lakhs per year
Poonawalla Fincorp Credit Officer Salary - ₹2.4 Lakhs to ₹3.5 Lakhs per year
Aavas Financiers Credit Officer Salary - ₹1.2 Lakhs to ₹4.5 Lakhs per year

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

The estimated take-home salary of a Credit Officer at Mahindra Finance ranges between ₹18,444 per month to ₹20,130 per month in India. The take-home salary calculation is based on the average Mahindra Finance Credit Officer salary in India which ranges between ₹1.5 Lakhs to ₹3.6 Lakhs per year for employees with less than 1 year of experience to 7 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 44% of the Mahindra Finance Credit Officers reported a notice period of 1 Month, 34% reported a notice period of 3 Months and the remaining reported other notice period durations. This is based on 9 responses on AmbitionBox in last 2 years.

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Mahindra Finance Credit Officer Salaries by Location

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Mahindra Finance Credit Officer Salaries

Mahindra Finance Credit Officer salary in India ranges between ₹1.5 Lakh to ₹3.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 33 Mahindra Finance latest salaries received from various employees of Mahindra Finance.

Mahindra Finance Credit Officer salaries in India (Updated 2025)

Companies similar to Mahindra Finance for Credit Officer

Latest annual salaries shared by Mahindra Finance Credit Officer

Experience wise Mahindra Finance Credit Officer salaries

Similar Designation salaries in Mahindra Finance

Salary related reviews for Mahindra Finance

Credit Manager in Chennai

Deputy Manager in Mumbai

Relationship Manager in Chandigarh

Credit Manager in Mumbai

Credit Manager in Sinnar

Mahindra Finance Credit Officer Salary FAQs

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