Mahindra Finance Loan Manager Salaries by 4 Employees (Updated 2025)

2 - 5 years exp.

₹3 Lakhs - ₹4.5 Lakhs

Low Confidence

Salary of majority employees

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At par with the average Loan Manager Salary in NBFC Companies for 2 - 5 years of experience

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Last Updated: 1 Nov 2024

Companies similar to Mahindra Finance for Loan Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Loan Manager Salary 10 - 14 years exp. (4 salaries)	Unlock ₹5.1 L/yr - ₹6 L/yr 52% more
IIFL Finance Loan Manager Salary 2 - 9 years exp. (194 salaries)	Unlock ₹2.1 L/yr - ₹5.5 L/yr 7% less	5 job openings
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Muthoot Fincorp Loan Manager Salary 1 - 7 years exp. (26 salaries)	Unlock ₹2.6 L/yr - ₹4 L/yr 19% less
Manappuram Finance Loan Manager Salary 1 - 6 years exp. (4 salaries)	Unlock ₹1 L/yr - ₹5 L/yr 18% less
LendingKart Loan Manager Salary 4 - 6 years exp. (3 salaries)	Unlock ₹3 L/yr - ₹6 L/yr 6% more
Capri Global Capital Loan Manager Salary 5 - 6 years exp. (3 salaries)	Unlock ₹2.8 L/yr - ₹4.2 L/yr 6% less

Loan Manager salary at Mahindra Finance ranges between ₹3 Lakhs to ₹4.5 Lakhs per year for employees with experience between 2 years to 5 years. Salary estimates are based on 4 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Loan Manager salaries

Last Updated: 1 Nov 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	Unlock ₹2.7 L/yr - ₹3.4 L/yr
3 years (AmbitionBox Estimate)	Unlock ₹3.8 L/yr - ₹4.8 L/yr
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4 years (AmbitionBox Estimate)	Unlock ₹3.8 L/yr - ₹4.8 L/yr
5 years (AmbitionBox Estimate)	Unlock ₹4.1 L/yr - ₹5.2 L/yr

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Salary related reviews for Mahindra Finance

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.

Collections Manager in New Delhi

Full Time

Finance & Accounting Department

4.0

• posted on 21 Jun 2023

4.0

for Salary and Benefits

Likes

Mahindra and Mahindra company is very best industry, this company staff & senior is very helpfull , & company culture and company timing is the best.

Salary - Good

+3 more

Dislikes

Mahindra and Mahindra company neither promotes it's employee nor increase the salary in appraisal.

Promotions - Poor

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

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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 Loan Manager Salary FAQs

What is the salary of Loan Manager at Mahindra Finance?

Loan Manager salary at Mahindra Finance in India ranges between ₹3.0 Lakhs to ₹4.5 Lakhs for experience between 2 years to 5 years. According to our estimates it is 3% more than the average Loan Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Mahindra Finance India.

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

The average salary of a Loan Manager at Mahindra Finance is 3% more than the average salary of a Loan Manager in India. To know exact salary insights, login to view.

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

HDFC Bank Loan Manager Salary - ₹5.1 Lakhs to ₹6.0 Lakhs per year
LendingKart Loan Manager Salary - ₹3.0 Lakhs to ₹6.0 Lakhs per year

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

Capri Global Capital Loan Manager Salary - ₹2.8 Lakhs to ₹4.2 Lakhs per year
IIFL Finance Loan Manager Salary - ₹2.1 Lakhs to ₹5.5 Lakhs per year
Manappuram Finance Loan Manager Salary - ₹1.0 Lakhs to ₹5.0 Lakhs per year
Muthoot Fincorp Loan Manager Salary - ₹2.6 Lakhs to ₹4.0 Lakhs per year

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

The estimated take-home salary of a Loan Manager at Mahindra Finance ranges between ₹29,230 per month to ₹30,605 per month in India. The take-home salary calculation is based on the average Mahindra Finance Loan Manager salary in India which ranges between ₹3.0 Lakhs to ₹4.5 Lakhs per year for employees with experience between 2 years to 5 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 100% of the Mahindra Finance Loan Managers reported a notice period of 3 Months.This is based on 3 responses on AmbitionBox in last 2 years.

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Mahindra Finance Loan Manager Salaries

Mahindra Finance Loan Manager salary in India ranges between ₹3 Lakhs to ₹4.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Mahindra Finance latest salaries received from various employees of Mahindra Finance.