Mahindra Rural Housing Finance Lucknow Credit Officer Salaries by 7 Employees

2 - 5 years exp.

₹1.6 Lakh - ₹3 Lakhs

Avg. annual salary

Monthly In-hand Salary

50% less than the average Credit Officer Salary in NBFC Companies for 2 - 5 years of experience

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Salaries in different departments

Finance & Accounting Credit Officer Salary 3 - 5 years exp. (3 salaries)	₹2.7 L/yr - ₹3 L/yr
Customer Success, Service & Operations Credit Officer Salary 2 - 3 years exp. (AmbitionBox Estimate)	₹2.2 L/yr - ₹3.2 L/yr
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BFSI, Investments & Trading Credit Officer Salary 2 years exp. (AmbitionBox Estimate)	₹1.6 L/yr - ₹2.8 L/yr

Last Updated: 14 Oct 2024

Companies similar to Mahindra Rural Housing Finance for Credit Officer in Lucknow

Mahindra Rural Housing Finance Credit Officer Salary

2 - 5 years exp. (7 salaries)

₹1.6 L/yr - ₹3 L/yr

Company name	Avg Annual Salary	Open Jobs
Muthoot Fincorp Credit Officer Salary 0 - 6 years exp. (10 salaries)	₹2.1 L/yr - ₹3.6 L/yr 5% more
HDFC Sales Credit Officer Salary 2 - 7 years exp. (5 salaries)	₹2.1 L/yr - ₹3.9 L/yr 22% more
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Bank of Baroda Credit Officer Salary 5 - 8 years exp. (5 salaries)	₹11 L/yr - ₹17.5 L/yr 431% more
Kashi Capital Credit Officer Salary 0 - 4 years exp. (4 salaries)	₹1.5 L/yr - ₹2.7 L/yr 21% less
Bank of India Credit Officer Salary 3 - 5 years exp. (4 salaries)	₹9.5 L/yr - ₹12 L/yr 272% more

Credit Officer salary at Mahindra Rural Housing Finance ranges between ₹1.6 Lakh to ₹3 Lakhs per year for employees with experience between 2 years to 5 years. Salary estimates are based on 7 latest salaries received from various employees of Mahindra Rural Housing Finance.

Experience wise Mahindra Rural Housing Finance Credit Officer salaries in Lucknow

Last Updated: 14 Oct 2024

Experience	Avg Annual Salary
2 years (3 salaries)	₹1.6 L/yr - ₹3 L/yr
3 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹3.1 L/yr
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4 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr
5 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.3 L/yr

Similar Designation salaries in Mahindra Rural Housing Finance

Branch Credit Manager Salary

(3 salaries)

₹5.55 L/yr - ₹7.05 L/yr

Salary related reviews for Mahindra Rural Housing Finance

1.8

Rated by 3 employees for salary & benefits

Credit Officer

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.

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 .

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

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 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

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Mahindra Rural Housing Finance Credit Officer Salary FAQs

What is the salary of Credit Officer at Mahindra Rural Housing Finance in Lucknow?

The average salary of a Credit Officer at Mahindra Rural Housing Finance in Lucknow typically ranges from ₹1.6 Lakhs to ₹3.0 Lakhs per year, depending on experience (from 2 years to 5 years).

The top 10% of Credit Officer in Lucknow at Mahindra Rural Housing Finance earn more than ₹3.0 Lakhs per year, and the top 1% earn over ₹3.0 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 7 Mahindra Rural Housing Finance employees in India.

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

The estimated take-home salary of a Credit Officer at Mahindra Rural Housing Finance in Lucknow typically ranges from ₹19,182 to ₹20,857 per month. This is based on the average salary range of ₹1.6 Lakhs to ₹3.0 Lakhs per year for employees with experience ranging from 2 years to 5 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 7 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?

Bank of Baroda	₹11.0 Lakhs to ₹17.5 Lakhs per year
Bank of India	₹9.5 Lakhs to ₹12.0 Lakhs per year
HDFC Sales	₹2.1 Lakhs to ₹3.9 Lakhs per year
Muthoot Fincorp	₹2.1 Lakhs to ₹3.6 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 Lucknow?

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

Kashi Capital

₹1.5 Lakhs to ₹2.7 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 Lucknow?

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

Experience	Average Salary Range
2 years	₹1.6 Lakhs to ₹3.0 Lakhs per year
3 years	₹2.4 Lakhs to ₹3.1 Lakhs per year
4 years	₹2.5 Lakhs to ₹3.2 Lakhs per year
5 years	₹2.5 Lakhs to ₹3.3 Lakhs per year

and so on.

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Mahindra Rural Housing Finance Credit Officer Salaries in Lucknow

Mahindra Rural Housing Finance Credit Officer salary in Lucknow ranges between ₹1.6 Lakh to ₹3 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Mahindra Rural Housing Finance latest salaries received from various employees of Mahindra Rural Housing Finance.

Mahindra Rural Housing Finance Credit Officer salaries in Lucknow

Companies similar to Mahindra Rural Housing Finance for Credit Officer in Lucknow

Latest annual salaries shared by Mahindra Rural Housing Finance Credit Officer in Lucknow

Experience wise Mahindra Rural Housing Finance Credit Officer salaries in Lucknow

Similar Designation salaries in Mahindra Rural Housing Finance

Salary related reviews for Mahindra Rural Housing Finance

Credit Officer

Branch Manager in Shujalpur

Area Credit Manager in Kochi

Branch Manager in Akola

Credit Manager in Jalandhar

Mahindra Rural Housing Finance Credit Officer Salary FAQs

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