Mahindra Rural Housing Finance Area Credit Manager Salaries by 30+ Employees (Updated 2025)

6 - 18 years exp.

₹5.6 Lakhs - ₹14.3 Lakhs

Salary of majority employees

28% less than the average Area Credit Manager Salary in NBFC Companies for 6 - 18 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

BFSI, Investments & Trading Area Credit Manager Salary 7 - 15 years exp. (9 salaries)	₹6.6 L/yr - ₹13.5 L/yr
Finance & Accounting Area Credit Manager Salary 8 - 10 years exp. (6 salaries)	₹7 L/yr - ₹13 L/yr
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Risk Management & Compliance Area Credit Manager Salary 6 - 15 years exp. (6 salaries)	₹7 L/yr - ₹14.3 L/yr
Customer Success, Service & Operations Area Credit Manager Salary 9 - 18 years exp. (3 salaries)	₹7 L/yr - ₹7.7 L/yr
Sales & Business Development Area Credit Manager Salary 14 - 15 years exp. (AmbitionBox Estimate)	₹7.2 L/yr - ₹7.8 L/yr

Last Updated: 17 Feb 2025

Companies similar to Mahindra Rural Housing Finance for Area Credit Manager

Company name	Avg Annual Salary	Open Jobs
Aavas Financiers Area Credit Manager Salary 4 - 16 years exp. (84 salaries)	₹5 L/yr - ₹14 L/yr 10% more	1 job opening
Repco Home Finance Area Credit Manager Salary 9 - 12 years exp. (4 salaries)	₹10.6 L/yr - ₹16.5 L/yr 61% more
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L&T Finance Area Credit Manager Salary 4 - 13 years exp. (130 salaries)	₹6 L/yr - ₹20 L/yr 53% more
Piramal Capital Housing Finance Area Credit Manager Salary 3 - 12 years exp. (68 salaries)	₹8.3 L/yr - ₹17 L/yr 53% more
Shriram Housing Finance Area Credit Manager Salary 10 - 19 years exp. (15 salaries)	₹10 L/yr - ₹17.8 L/yr 62% more
Sammaan Capital Limited Area Credit Manager Salary 4 - 15 years exp. (48 salaries)	₹5.9 L/yr - ₹14.1 L/yr 16% more
HDFC Bank Area Credit Manager Salary 5 - 18 years exp. (228 salaries)	₹8 L/yr - ₹30 L/yr 113% more
Poonawalla Fincorp Area Credit Manager Salary 2 - 13 years exp. (225 salaries)	₹5.2 L/yr - ₹20 L/yr 37% more
HDB Financial Services Area Credit Manager Salary 5 - 18 years exp. (225 salaries)	₹6.1 L/yr - ₹16.5 L/yr 29% more
Tata Capital Area Credit Manager Salary 2 - 14 years exp. (137 salaries)	₹8 L/yr - ₹27.5 L/yr 98% more	7 job openings
Aditya Birla Finance Area Credit Manager Salary 6 - 15 years exp. (112 salaries)	₹8.1 L/yr - ₹21.5 L/yr 68% more
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Bajaj Finance Area Credit Manager Salary 3 - 12 years exp. (85 salaries)	₹4.4 L/yr - ₹14 L/yr 9% more
SMFG India Credit Area Credit Manager Salary 5 - 14 years exp. (41 salaries)	₹6 L/yr - ₹23.7 L/yr 65% more
IIFL Finance Area Credit Manager Salary 3 - 11 years exp. (32 salaries)	₹5.2 L/yr - ₹19.2 L/yr 23% more
Muthoot Microfin Area Credit Manager Salary 2 - 8 years exp. (28 salaries)	₹2 L/yr - ₹5.5 L/yr 56% less
Tata Motors Finance Area Credit Manager Salary 0 - 16 years exp. (24 salaries)	₹5.5 L/yr - ₹12.9 L/yr 6% more
Shriram Finance Area Credit Manager Salary 5 - 13 years exp. (21 salaries)	₹9.5 L/yr - ₹21 L/yr 68% more
SK Finance Limited Area Credit Manager Salary 5 - 13 years exp. (23 salaries)	₹4.8 L/yr - ₹9.6 L/yr 18% less
CreditAccess Grameen Area Credit Manager Salary 5 - 16 years exp. (17 salaries)	₹4.4 L/yr - ₹13.1 L/yr 5% less
TVS Credit Area Credit Manager Salary 5 - 25 years exp. (10 salaries)	₹6.6 L/yr - ₹15.1 L/yr 27% more

View all

Area Credit Manager salary at Mahindra Rural Housing Finance ranges between ₹5.6 Lakhs to ₹14.3 Lakhs per year for employees with experience between 6 years to 18 years. Salary estimates are based on 35 latest salaries received from various employees of Mahindra Rural Housing Finance.

Experience wise Mahindra Rural Housing Finance Area Credit Manager salaries

Last Updated: 17 Feb 2025

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹7 L/yr - ₹14.9 L/yr
7 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹15 L/yr
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8 years (7 salaries)	₹5.6 L/yr - ₹11.6 L/yr
9 years (9 salaries)	₹6 L/yr - ₹13 L/yr
10 years (6 salaries)	₹6 L/yr - ₹13.5 L/yr
11 years (AmbitionBox Estimate)	₹7.9 L/yr - ₹15.5 L/yr
12 years (AmbitionBox Estimate)	₹7.8 L/yr - ₹10 L/yr
13 years (AmbitionBox Estimate)	₹7.7 L/yr - ₹15.7 L/yr
14 years (3 salaries)	₹7.8 L/yr - ₹15.8 L/yr
15+ years (4 salaries)	₹7 L/yr - ₹14.3 L/yr

View all

Similar Designation salaries in Mahindra Rural Housing Finance

Zonal Credit Manager Salary

(4 salaries)

₹40.8 L/yr - ₹52 L/yr

Branch Credit Manager Salary

(128 salaries)

₹2.1 L/yr - ₹7.81 L/yr

Credit Manager Salary

(80 salaries)

₹2 L/yr - ₹8.66 L/yr

Deputy Credit Manager Salary

(34 salaries)

₹3.2 L/yr - ₹8.5 L/yr

Regional Credit Manager Salary

(4 salaries)

₹16.3 L/yr - ₹19 L/yr

Assistant Credit Manager Salary

(62 salaries)

₹2.25 L/yr - ₹6 L/yr

Branch Manager Salary

(363 salaries)

₹1.85 L/yr - ₹8 L/yr

Sales Manager Salary

(19 salaries)

₹1.5 L/yr - ₹6 L/yr

Credit Officer Salary

(199 salaries)

₹1.15 L/yr - ₹4 L/yr

Relationship Manager Salary

(35 salaries)

₹2.6 L/yr - ₹4 L/yr

Top skills at Mahindra Rural Housing Finance for Area Credit Manager

Disbursement Credit Underwriting Credit Risk Analysis Credit Appraisal Credit Analysis Credit Management Home Loans Credit Underwriting Credit Risk Credit Credit Operations Credit Operations Credit Monitoring Credit Risk Analysis Sanction

Salary related reviews for Mahindra Rural Housing Finance

3.3

Rated by 10 employees for salary & benefits

Area Credit Manager in Kochi

Full Time

Other Department

1.0

• posted on 27 Sep 2024

1.0

for Salary and Benefits

Likes

Skill development

Skill development - Good

Dislikes

I got promoted on Feb 2024 as an area Credit Manager but there is no change in my salary pack and grade. Hence I expected which will rectify after appraisal time but there is no decent salary hike as well as grade change during appraisal. I am continuing with organisation with same grade since joined on June 2022 as a manager grade

Salary - Bad

+1 more

Branch Manager in Shujalpur

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 15 Dec 2024

3.0

for Salary and Benefits

Likes

...ed us and made us resign and then did not even give us relief, we felt very bad. Despite the salary being very low (21500), we worked honestly for 8 years in Mahindra company. A staff in another company earns this much salary

Skill development - Good

Dislikes

The company to which the employee gave 8 years of his life, harassed the employee and made him resign from the job, after which I was asked for early relieving, then even after I mailed for early relieving, I was not given early relieving,If I want, I can seek relief through court case because I have the recording which was spoken by the company's HR and Deepak sir (Business Head).

Job security - Poor

Branch Manager in Akola

Full Time

Sales & Business Development Department

4.0

• posted on 03 Oct 2024

3.0

for Salary and Benefits

Likes

I like company culture environment co operative senior..

Skill development - Good

+5 more

Dislikes

I dislike company salary structure compare for new joining against old employee who was complete his above 5 years in company but company not provide as per role benefits.

Credit Manager in Jalandhar

Full Time

Risk Management & Compliance Department

1.0

• posted on 01 Apr 2023

3.0

for Salary and Benefits

Likes

Nothing at all

Dislikes

...Credit manager is responsible if vendor doesn't submit their bills timely, 😔 Travel allowance is not paid on time, No proper hygiene branches. Overall experience is much bad and not recommended

Skill development - Bad

+5 more

Branch Credit Manager in Rajahmundry

Full Time

Other Department

5.0

• posted on 17 Jun 2023

3.0

for Salary and Benefits

Likes

Even though it is NBFC Work life balance is too good, In credit department all superiors are very supportive and will help you in difficult assignments. Overall work experience is good

Skill development - Excellent

+5 more

Dislikes

Low salary but good incentive structure and recognise your hard work In some places bad politics

see more salary related reviews

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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 my previous org.

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Mahindra Rural Housing Finance Area Credit Manager Salary FAQs

What is the salary of Area Credit Manager at Mahindra Rural Housing Finance?

Area Credit Manager salary at Mahindra Rural Housing Finance in India ranges between ₹5.6 Lakhs to ₹14.3 Lakhs for experience between 6 years to 18 years. According to our estimates it is 28% less than the average Area Credit Manager Salary in India. Salary estimates are based on 35 latest salaries received from various employees of Mahindra Rural Housing Finance India.

How does the salary of a Area Credit Manager at Mahindra Rural Housing Finance India compare with the average salary range for this job?

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

What are the top skills required to work as a Area Credit Manager at Mahindra Rural Housing Finance?

Disbursement, Credit Underwriting, Credit Risk Analysis, Credit Appraisal and Credit Analysis are some of the popular skills required to work as a Area Credit Manager at Mahindra Rural Housing Finance India.

Which similar companies are paying more than Mahindra Rural Housing Finance to a Area Credit Manager in India?

HDFC Bank Area Credit Manager Salary - ₹8.0 Lakhs to ₹30.0 Lakhs per year
Tata Capital Area Credit Manager Salary - ₹8.0 Lakhs to ₹27.5 Lakhs per year
Aditya Birla Finance Area Credit Manager Salary - ₹8.1 Lakhs to ₹21.5 Lakhs per year
Shriram Finance Area Credit Manager Salary - ₹9.5 Lakhs to ₹21.0 Lakhs per year
SMFG India Credit Area Credit Manager Salary - ₹6.0 Lakhs to ₹23.7 Lakhs per year

What is the salary of a Area Credit Manager in companies similar to Mahindra Rural Housing Finance in India?

Shriram Housing Finance Area Credit Manager Salary - ₹10.0 Lakhs to ₹17.8 Lakhs per year
Repco Home Finance Area Credit Manager Salary - ₹10.6 Lakhs to ₹16.5 Lakhs per year
Piramal Capital Housing Finance Area Credit Manager Salary - ₹8.3 Lakhs to ₹17.0 Lakhs per year
L&T Finance Area Credit Manager Salary - ₹6.0 Lakhs to ₹20.0 Lakhs per year
Kotak Mahindra Prime Area Credit Manager Salary - ₹7.0 Lakhs to ₹15.3 Lakhs per year

What is the estimated take home salary of a Area Credit Manager at Mahindra Rural Housing Finance in India?

The estimated take-home salary of a Area Credit Manager at Mahindra Rural Housing Finance ranges between ₹63,317 per month to ₹64,928 per month in India. The take-home salary calculation is based on the average Mahindra Rural Housing Finance Area Credit Manager salary in India which ranges between ₹5.6 Lakhs to ₹14.3 Lakhs per year for employees with experience between 6 years to 18 years. Check how did we calculate take home salary?

What is the notice period for Area Credit Manager at Mahindra Rural Housing Finance?

According to AmbitionBox, 86% of the Mahindra Rural Housing Finance Area Credit Managers reported a notice period of 3 Months, 9% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 64 responses on AmbitionBox in last 2 years.

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Mahindra Rural Housing Finance Area Credit Manager Salaries

Mahindra Rural Housing Finance Area Credit Manager salary in India ranges between ₹5.6 Lakhs to ₹14.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 35 Mahindra Rural Housing Finance latest salaries received from various employees of Mahindra Rural Housing Finance.