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

6 - 18 years exp.

₹5.6 Lakhs - ₹14.8 Lakhs

Salary of majority employees

24% 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. (12 salaries)	₹6.6 L/yr - ₹14.8 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 - ₹8.9 L/yr
Sales & Business Development Area Credit Manager Salary 14 - 15 years exp. (AmbitionBox Estimate)	₹7.8 L/yr - ₹9 L/yr

Last Updated: 7 Mar 2025

Companies similar to Mahindra Rural Housing Finance for Area Credit Manager

Company name	Avg Annual Salary	Open Jobs
HDB Financial Services Area Credit Manager Salary 5 - 18 years exp. (215 salaries)	₹6.1 L/yr - ₹16.5 L/yr 22% more	2 job openings
Poonawalla Fincorp Area Credit Manager Salary 5 - 12 years exp. (211 salaries)	₹5.4 L/yr - ₹22 L/yr 35% more
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Tata Capital Area Credit Manager Salary 1 - 14 years exp. (143 salaries)	₹8 L/yr - ₹27.4 L/yr 85% more	7 job openings
L&T Finance Area Credit Manager Salary 4 - 13 years exp. (133 salaries)	₹6 L/yr - ₹20 L/yr 46% more
Aditya Birla Finance Area Credit Manager Salary 6 - 15 years exp. (118 salaries)	₹8.1 L/yr - ₹21.5 L/yr 60% more
Bajaj Finance Area Credit Manager Salary 3 - 12 years exp. (87 salaries)	₹4.4 L/yr - ₹14 L/yr 5% more
Aavas Financiers Area Credit Manager Salary 4 - 16 years exp. (85 salaries)	₹5 L/yr - ₹14 L/yr 6% more	1 job opening
Piramal Capital Housing Finance Area Credit Manager Salary 3 - 12 years exp. (65 salaries)	₹8.3 L/yr - ₹17 L/yr 43% more
SMFG India Credit Area Credit Manager Salary 5 - 14 years exp. (41 salaries)	₹6 L/yr - ₹23.7 L/yr 58% more
IIFL Finance Area Credit Manager Salary 3 - 11 years exp. (32 salaries)	₹5.2 L/yr - ₹19.2 L/yr 17% more
Muthoot Microfin Area Credit Manager Salary 2 - 8 years exp. (28 salaries)	₹2 L/yr - ₹5.5 L/yr 58% less
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SK Finance Limited Area Credit Manager Salary 5 - 13 years exp. (26 salaries)	₹4.8 L/yr - ₹9.6 L/yr 20% less
Tata Motors Finance Area Credit Manager Salary 2 - 14 years exp. (18 salaries)	₹6.5 L/yr - ₹16 L/yr 21% more
Shriram Finance Area Credit Manager Salary 5 - 13 years exp. (21 salaries)	₹9.5 L/yr - ₹21 L/yr 59% more
CreditAccess Grameen Area Credit Manager Salary 5 - 17 years exp. (16 salaries)	₹4.5 L/yr - ₹13.1 L/yr 6% less
Axis Finance Area Credit Manager Salary 7 - 14 years exp. (14 salaries)	₹11.5 L/yr - ₹27 L/yr 82% more
TVS Credit Area Credit Manager Salary 5 - 25 years exp. (10 salaries)	₹6.6 L/yr - ₹15.1 L/yr 20% more
Muthoot Fincorp Area Credit Manager Salary 2 - 11 years exp. (7 salaries)	₹2.2 L/yr - ₹9 L/yr 31% less
Mahindra Finance Area Credit Manager Salary 7 - 16 years exp. (7 salaries)	₹5.5 L/yr - ₹14 L/yr 5% more
Bharat Financial Inclusion Area Credit Manager Salary 12 - 17 years exp. (6 salaries)	₹4.3 L/yr - ₹9 L/yr 31% less

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Area Credit Manager salary at Mahindra Rural Housing Finance ranges between ₹5.6 Lakhs to ₹14.8 Lakhs per year for employees with experience between 6 years to 18 years. Salary estimates are based on 38 latest salaries received from various employees of Mahindra Rural Housing Finance.

Experience wise Mahindra Rural Housing Finance Area Credit Manager salaries

Last Updated: 7 Mar 2025

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹7 L/yr - ₹16 L/yr
7 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹16.1 L/yr
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8 years (7 salaries)	₹5.6 L/yr - ₹11.6 L/yr
9 years (10 salaries)	₹6 L/yr - ₹14.5 L/yr
10 years (6 salaries)	₹6 L/yr - ₹13.5 L/yr
11 years (AmbitionBox Estimate)	₹7.9 L/yr - ₹16.4 L/yr
12 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹9.5 L/yr
13 years (AmbitionBox Estimate)	₹7.7 L/yr - ₹16.5 L/yr
14 years (4 salaries)	₹7.8 L/yr - ₹14.8 L/yr
15+ years (4 salaries)	₹7 L/yr - ₹14.3 L/yr

View all

Similar Designation salaries in Mahindra Rural Housing Finance

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Deputy Credit Manager Salary

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₹3 L/yr - ₹8.5 L/yr

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Branch Manager Salary

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Sales Manager Salary

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₹1.5 L/yr - ₹6 L/yr

Credit Officer Salary

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Relationship Manager Salary

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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

3.0

Rated by 12 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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Mahindra Rural Housing Finance Area Credit Manager Salary FAQs

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

The average salary of a Area Credit Manager at Mahindra Rural Housing Finance in India typically ranges from ₹5.6 Lakhs to ₹14.8 Lakhs per year, depending on experience (from 6 years to 18 years).

The top 10% of Area Credit Manager at Mahindra Rural Housing Finance earn more than ₹13.4 Lakhs per year, and the top 1% earn over ₹14.8 Lakhs per year. Area Credit Manager Salaries at Mahindra Rural Housing Finance can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 30+ Mahindra Rural Housing Finance employees in India.

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 in India typically ranges from ₹66,414 to ₹68,112 per month. This is based on the average salary range of ₹5.6 Lakhs to ₹14.8 Lakhs per year for employees with experience ranging from 6 years to 18 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 30+ salaries received from various employees of Mahindra Rural Housing Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Area Credit Manager at Mahindra Rural Housing Finance ?

To be a Area Credit Manager at Mahindra Rural Housing Finance in india, the key skills required include:

- Disbursement
- Credit Underwriting
- Credit Risk Analysis
- Credit Appraisal
- Credit Analysis

These skills are highly valued at Mahindra Rural Housing Finance and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Mahindra Rural Housing Finance for Area Credit Manager in India?

Tata Capital	₹8.0 Lakhs to ₹27.4 Lakhs per year
Axis Finance	₹11.5 Lakhs to ₹27.0 Lakhs per year
LIC Housing Finance	₹8.5 Lakhs to ₹20.0 Lakhs per year
Aditya Birla Finance	₹8.1 Lakhs to ₹21.5 Lakhs per year
Shriram Finance	₹9.5 Lakhs to ₹21.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Mahindra Rural Housing Finance, depending on the role and experience level.

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

The salary of a Area Credit Manager at companies similar to Mahindra Rural Housing Finance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

SMFG India Credit	₹6.0 Lakhs to ₹23.7 Lakhs per year
L&T Finance	₹6.0 Lakhs to ₹20.0 Lakhs per year
Piramal Capital Housing Finance	₹8.3 Lakhs to ₹17.0 Lakhs per year
Kotak Mahindra Prime	₹10.0 Lakhs to ₹15.3 Lakhs per year
Poonawalla Fincorp	₹5.4 Lakhs to ₹22.0 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Area Credit Manager at Mahindra Rural Housing Finance in India?

The salary growth for a Area Credit Manager at Mahindra Rural Housing Finance depends on factors such as experience, performance, and promotions. On average, a Area Credit Manager can expect the following growth trajectory at Mahindra Rural Housing Finance:

Experience	Average Salary Range
6 years	₹7.0 Lakhs to ₹16.0 Lakhs per year
7 years	₹7.2 Lakhs to ₹16.1 Lakhs per year
8 years	₹5.6 Lakhs to ₹11.6 Lakhs per year
9 years	₹6.0 Lakhs to ₹14.5 Lakhs per year

and so on.

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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 ₹14.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 38 Mahindra Rural Housing Finance latest salaries received from various employees of Mahindra Rural Housing Finance.