Mahindra Rural Housing Finance Zonal Credit Manager Salaries by 4 Employees (Updated 2025)

12 - 17 years exp.

₹40.8 Lakhs - ₹52 Lakhs

Low Confidence

Salary of majority employees

Fixed (88%)

₹39.5 Lakhs

Variable (12%)

₹5.2 Lakhs

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79% more than the average Zonal Credit Manager Salary in NBFC Companies for 12 - 17 years of experience

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Salaries in different departments

BFSI, Investments & Trading Zonal Credit Manager Salary 16 - 17 years exp. (AmbitionBox Estimate)	Unlock ₹38.7 L/yr - ₹47.3 L/yr
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Finance & Accounting Zonal Credit Manager Salary 15 years exp. (AmbitionBox Estimate)	Unlock ₹49.4 L/yr - ₹54.6 L/yr

Last Updated: 17 Feb 2025

Companies similar to Mahindra Rural Housing Finance for Zonal Credit Manager

Company name	Avg Annual Salary	Open Jobs
Aavas Financiers Zonal Credit Manager Salary 9 - 10 years exp. (5 salaries)	Unlock ₹21.9 L/yr - ₹24.5 L/yr 48% less
L&T Finance Zonal Credit Manager Salary 15 - 16 years exp. (3 salaries)	Unlock ₹33 L/yr - ₹46 L/yr 7% less
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Piramal Capital Housing Finance Zonal Credit Manager Salary 14 - 20 years exp. (7 salaries)	Unlock ₹21 L/yr - ₹50 L/yr 18% less
Tata Motors Finance Zonal Credit Manager Salary 0 - 18 years exp. (42 salaries)	Unlock ₹4.4 L/yr - ₹17 L/yr 77% less
HDB Financial Services Zonal Credit Manager Salary 10 - 22 years exp. (16 salaries)	Unlock ₹20.4 L/yr - ₹29 L/yr 43% less
Bajaj Finance Zonal Credit Manager Salary 11 - 19 years exp. (13 salaries)	Unlock ₹28 L/yr - ₹45 L/yr 18% less
Tata Capital Zonal Credit Manager Salary 12 - 24 years exp. (10 salaries)	Unlock ₹30 L/yr - ₹36.5 L/yr 27% less	1 job opening
Poonawalla Fincorp Zonal Credit Manager Salary 17 - 24 years exp. (6 salaries)	Unlock ₹32 L/yr - ₹50 L/yr 11% less
Muthoot Fincorp Zonal Credit Manager Salary 15 - 22 years exp. (5 salaries)	Unlock ₹26.5 L/yr - ₹33 L/yr 36% less
Aditya Birla Finance Zonal Credit Manager Salary 12 - 15 years exp. (5 salaries)	Unlock ₹22.4 L/yr - ₹52 L/yr 20% less
Muthoot Microfin Zonal Credit Manager Salary 8 - 10 years exp. (5 salaries)	Unlock ₹5 L/yr - ₹10.1 L/yr 84% less
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Muthoot Finance Zonal Credit Manager Salary 11 - 19 years exp. (5 salaries)	Unlock ₹13 L/yr - ₹27 L/yr 58% less
IIFL Finance Zonal Credit Manager Salary 13 - 18 years exp. (4 salaries)	Unlock ₹27 L/yr - ₹42 L/yr 38% less
Kotak Mahindra Prime Zonal Credit Manager Salary 10 - 15 years exp. (4 salaries)	Unlock ₹19 L/yr - ₹30 L/yr 45% less
Shriram Finance Zonal Credit Manager Salary 11 - 22 years exp. (4 salaries)	Unlock ₹4.5 L/yr - ₹36.6 L/yr 58% less
SMFG India Credit Zonal Credit Manager Salary 13 - 14 years exp. (3 salaries)	Unlock ₹28.8 L/yr - ₹38.3 L/yr 25% less

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Zonal Credit Manager salary at Mahindra Rural Housing Finance ranges between ₹40.8 Lakhs to ₹52 Lakhs per year for employees with experience between 12 years to 17 years. Salary estimates are based on 4 latest salaries received from various employees of Mahindra Rural Housing Finance.

Experience wise Mahindra Rural Housing Finance Zonal Credit Manager salaries

Last Updated: 17 Feb 2025

Experience	Avg Annual Salary
12 years (AmbitionBox Estimate)	Unlock ₹36.7 L/yr - ₹46.9 L/yr
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15+ years (3 salaries)	Unlock ₹43 L/yr - ₹52 L/yr

Similar Designation salaries in Mahindra Rural Housing Finance

Regional Credit Manager Salary

(4 salaries)

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₹16.3 L/yr - ₹19 L/yr

Area Credit Manager Salary

(38 salaries)

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₹5.6 L/yr - ₹14.78 L/yr

Branch Credit Manager Salary

(136 salaries)

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₹2.1 L/yr - ₹7.5 L/yr

Credit Manager Salary

(80 salaries)

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₹2 L/yr - ₹8.66 L/yr

Deputy Credit Manager Salary

(34 salaries)

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₹3.2 L/yr - ₹8.5 L/yr

Assistant Credit Manager Salary

(62 salaries)

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₹2.25 L/yr - ₹6 L/yr

Sales Manager Salary

(19 salaries)

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₹1.5 L/yr - ₹6 L/yr

Senior Credit Officer Salary

(5 salaries)

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₹2.71 L/yr - ₹3.7 L/yr

Relationship Manager Salary

(35 salaries)

Unlock

₹2.6 L/yr - ₹4 L/yr

Credit Officer Salary

(199 salaries)

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₹1.15 L/yr - ₹4 L/yr

Salary related reviews for Mahindra Rural Housing Finance

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

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

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Mahindra Rural Housing Finance Zonal Credit Manager Salary FAQs

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

Zonal Credit Manager salary at Mahindra Rural Housing Finance in India ranges between ₹40.8 Lakhs to ₹52.0 Lakhs for experience between 12 years to 17 years. According to our estimates it is 79% more than the average Zonal Credit Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Mahindra Rural Housing Finance India.

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

The average salary of a Zonal Credit Manager at Mahindra Rural Housing Finance is 79% more than the average salary of a Zonal Credit Manager in India. To know exact salary insights, login to view.

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

L&T Finance Zonal Credit Manager Salary - ₹33.0 Lakhs to ₹46.0 Lakhs per year
Poonawalla Fincorp Zonal Credit Manager Salary - ₹32.0 Lakhs to ₹50.0 Lakhs per year
Piramal Capital Housing Finance Zonal Credit Manager Salary - ₹21.0 Lakhs to ₹50.0 Lakhs per year
Bajaj Finance Zonal Credit Manager Salary - ₹28.0 Lakhs to ₹45.0 Lakhs per year
Aditya Birla Finance Zonal Credit Manager Salary - ₹22.4 Lakhs to ₹52.0 Lakhs per year

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

The estimated take-home salary of a Zonal Credit Manager at Mahindra Rural Housing Finance ranges between ₹2,63,443 per month to ₹2,74,218 per month in India. The take-home salary calculation is based on the average Mahindra Rural Housing Finance Zonal Credit Manager salary in India which ranges between ₹40.8 Lakhs to ₹52.0 Lakhs per year for employees with experience between 12 years to 17 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 100% of the Mahindra Rural Housing Finance Zonal Credit 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 Rural Housing Finance Zonal Credit Manager Salaries

Mahindra Rural Housing Finance Zonal Credit Manager salary in India ranges between ₹40.8 Lakhs to ₹52 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Mahindra Rural Housing Finance latest salaries received from various employees of Mahindra Rural Housing Finance.