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Mahindra Rural Housing Finance Credit Officer salaries in India (Updated 2025)

Annual salary range
0 - 6 years exp.
₹1.2 Lakh - ₹4 Lakhs
Salary of majority employees
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25% less than the average Credit Officer Salary in NBFC Companies for 0 - 6 years of experience

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Salaries in different departments

Finance & Accounting
Credit Officer Salary
0 - 6 years exp. (80 salaries)
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₹1.7 L/yr - ₹4 L/yr

BFSI, Investments & Trading
Credit Officer Salary
0 - 6 years exp. (42 salaries)
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₹1.5 L/yr - ₹3.8 L/yr

Customer Success, Service & Operations
Credit Officer Salary
1 - 5 years exp. (13 salaries)
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₹1.8 L/yr - ₹3.5 L/yr

Risk Management & Compliance
Credit Officer Salary
0 - 6 years exp. (10 salaries)
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₹1.9 L/yr - ₹3 L/yr

Last Updated: 16 Feb 2025

Companies similar to Mahindra Rural Housing Finance for Credit Officer

Company name Avg Annual Salary Open Jobs
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Muthoot Fincorp Credit Officer Salary

0 - 6 years exp. (165 salaries)

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₹1.3 L/yr - ₹4 L/yr

arrow icon 4% more
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Shriram Finance Credit Officer Salary

0 - 7 years exp. (159 salaries)

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₹1.2 L/yr - ₹4.5 L/yr

arrow icon 1% more
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HDB Financial Services Credit Officer Salary

1 - 7 years exp. (119 salaries)

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₹1.1 L/yr - ₹4.1 L/yr

arrow icon 1% less
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SMFG India Credit Credit Officer Salary

0 - 6 years exp. (100 salaries)

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₹1 L/yr - ₹4.5 L/yr

arrow icon 6% more
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Muthoot Microfin Credit Officer Salary

0 - 6 years exp. (69 salaries)

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₹1.4 L/yr - ₹2.7 L/yr

arrow icon 26% less
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Aditya Birla Finance Credit Officer Salary

0 - 7 years exp. (66 salaries)

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₹2.4 L/yr - ₹4.6 L/yr

arrow icon 30% more
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IIFL Finance Credit Officer Salary

1 - 7 years exp. (56 salaries)

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₹1.4 L/yr - ₹4.2 L/yr

arrow icon 6% more
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Aavas Financiers Credit Officer Salary

1 - 5 years exp. (52 salaries)

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₹1.5 L/yr - ₹4.5 L/yr

arrow icon 16% more
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L&T Finance Credit Officer Salary

0 - 5 years exp. (48 salaries)

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₹1.5 L/yr - ₹4 L/yr

arrow icon 19% more
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SK Finance Limited Credit Officer Salary

1 - 6 years exp. (47 salaries)

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₹1.6 L/yr - ₹4.5 L/yr

arrow icon 12% more
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Bajaj Finance Credit Officer Salary

0 - 5 years exp. (38 salaries)

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₹1.9 L/yr - ₹5.5 L/yr

arrow icon 30% more
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Mahindra Finance Credit Officer Salary

0 - 7 years exp. (33 salaries)

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₹1.5 L/yr - ₹3.6 L/yr

arrow icon 3% less
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₹1.2 L/yr - ₹3.5 L/yr

arrow icon 12% less
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Manappuram Finance Credit Officer Salary

1 - 11 years exp. (25 salaries)

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₹2.2 L/yr - ₹4.5 L/yr

arrow icon 30% more
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₹1.9 L/yr - ₹6.4 L/yr

arrow icon 31% more
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Tata Capital Credit Officer Salary

0 - 5 years exp. (20 salaries)

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₹2.5 L/yr - ₹5 L/yr

arrow icon 19% more
1 job opening
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Kotak Mahindra Prime Credit Officer Salary

1 - 6 years exp. (19 salaries)

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₹1.6 L/yr - ₹2.7 L/yr

arrow icon 16% less
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CreditAccess Grameen Credit Officer Salary

0 - 8 years exp. (15 salaries)

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₹1.8 L/yr - ₹3.5 L/yr

arrow icon 1% less
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TVS Credit Credit Officer Salary

3 - 7 years exp. (10 salaries)

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₹2 L/yr - ₹4.1 L/yr

arrow icon 13% less
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Muthoot Finance Credit Officer Salary

1 - 5 years exp. (8 salaries)

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₹1.7 L/yr - ₹2.4 L/yr

arrow icon 21% less
View all
Credit Officer salary at Mahindra Rural Housing Finance ranges between ₹1.2 Lakh to ₹4 Lakhs per year for employees with less than 1 year of experience to 6 years. Salary estimates are based on 199 latest salaries received from various employees of Mahindra Rural Housing Finance.

Latest annual salaries shared by Mahindra Rural Housing Finance Credit Officer

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Experience wise Mahindra Rural Housing Finance Credit Officer salaries

Last Updated: 16 Feb 2025

Experience Avg Annual Salary
Fresher  (9 salaries)

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₹1.5 L/yr - ₹3 L/yr
1 year  (28 salaries)

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₹1.1 L/yr - ₹3.3 L/yr
2 years  (40 salaries)

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₹1.5 L/yr - ₹3.7 L/yr
3 years  (48 salaries)

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₹1.7 L/yr - ₹3.5 L/yr
4 years  (34 salaries)

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₹1.7 L/yr - ₹3.6 L/yr
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Similar Designation salaries in Mahindra Rural Housing Finance

Credit Manager Salary
(84 salaries)
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₹2 L/yr - ₹8.54 L/yr
Sales Officer Salary
(6 salaries)
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₹1.85 L/yr - ₹2.5 L/yr
Credit Analyst Salary
(5 salaries)
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₹1.2 L/yr - ₹2.1 L/yr
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₹2.71 L/yr - ₹3.7 L/yr
Credit Executive Salary
(141 salaries)
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₹1.4 L/yr - ₹3.5 L/yr
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₹5.6 L/yr - ₹14.78 L/yr
Branch Manager Salary
(364 salaries)
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₹1.85 L/yr - ₹8 L/yr
Deputy Manager Salary
(89 salaries)
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₹3.2 L/yr - ₹10.75 L/yr
Chief Manager Salary
(7 salaries)
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₹17.1 L/yr - ₹25 L/yr
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₹40.8 L/yr - ₹52 L/yr

Salary related reviews for Mahindra Rural Housing Finance

3.5

Rated by 72 employees for salary & benefits

Finance & Accounting Department

4.0
  •  posted on 01 Feb 2020

3.0
 for  Salary and Benefits

Likes

The company offer a pretty comfortable work environment and readily adopted the latest technology. I feel proud to be part of process centric team That ethically huge client base The boss are also very supportive.

read more
  • Job security - Good
  • +2 more

Dislikes

Compensation is decent ,but growth is slow . The work pressure is very high.i have to work 12-15 hours straight in a day as i have attend client calls .

read more

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

read more
  • 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).

read more
  • Job security - Poor

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

read more
  • Salary - Bad
  • +1 more

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.

read more

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

read more
  • Skill development - Bad
  • +5 more
see more salary related reviews

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Mahindra Rural Housing Finance Credit Officer Salary FAQs

What is the salary of Credit Officer at Mahindra Rural Housing Finance ?
The average salary of a Credit Officer at Mahindra Rural Housing Finance in India typically ranges from ₹1.2 Lakhs to ₹4.0 Lakhs per year, depending on experience (from Fresher to 6 years).

The top 10% of Credit Officer at Mahindra Rural Housing Finance earn more than ₹3.2 Lakhs per year, and the top 1% earn over ₹3.8 Lakhs per year. Credit Officer 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 100+ Mahindra Rural Housing Finance employees in India.
What is the estimated take home salary of a Credit Officer at Mahindra Rural Housing Finance in India?
The estimated take-home salary of a Credit Officer at Mahindra Rural Housing Finance in India typically ranges from ₹19,244 to ₹20,919 per month. This is based on the average salary range of ₹1.2 Lakhs to ₹4.0 Lakhs per year for employees with experience ranging from Fresher to 6 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 100+ salaries received from various employees of Mahindra Rural Housing Finance. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Mahindra Rural Housing Finance for Credit Officer in India?
Bharat Financial Inclusion ₹3.0 Lakhs to ₹6.5 Lakhs per year
Piramal Capital Housing Finance ₹1.9 Lakhs to ₹6.4 Lakhs per year
Aditya Birla Finance ₹2.4 Lakhs to ₹4.6 Lakhs per year
Bajaj Finance ₹1.9 Lakhs to ₹5.5 Lakhs per year
Manappuram Finance ₹2.2 Lakhs to ₹4.5 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 Credit Officer in companies similar to Mahindra Rural Housing Finance in India?
The salary of a Credit Officer 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:

Tata Capital ₹2.5 Lakhs to ₹5.0 Lakhs per year
L&T Finance ₹1.5 Lakhs to ₹4.0 Lakhs per year
Poonawalla Fincorp ₹2.4 Lakhs to ₹3.5 Lakhs per year
Aavas Financiers ₹1.5 Lakhs to ₹4.5 Lakhs per year
SK Finance Limited ₹1.6 Lakhs to ₹4.5 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 Credit Officer at Mahindra Rural Housing Finance in India?
The salary growth for a Credit Officer at Mahindra Rural Housing Finance depends on factors such as experience, performance, and promotions. On average, a Credit Officer can expect the following growth trajectory at Mahindra Rural Housing Finance:

Experience Average Salary Range
Fresher ₹1.5 Lakhs to ₹3.0 Lakhs per year
1 year ₹1.1 Lakhs to ₹3.3 Lakhs per year
2 years ₹1.5 Lakhs to ₹3.7 Lakhs per year
3 years ₹1.7 Lakhs to ₹3.5 Lakhs per year
and so on.

Tell us how to improve this page.

Mahindra Rural Housing Finance Credit Officer salary in India ranges between ₹1.2 Lakh to ₹4 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 199 Mahindra Rural Housing Finance latest salaries received from various employees of Mahindra Rural Housing Finance.