NBFC Credit Manager Salaries by 10+ Employees (Updated 2025)

0 - 7 years exp.

₹3 Lakhs - ₹10.3 Lakhs

Salary of majority employees

25% less than the average Credit Manager Salary in Insurance Companies for 0 - 7 years of experience

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Last Updated: 11 Jan 2025

Companies similar to NBFC for Credit Manager

Company name	Avg Annual Salary	Open Jobs
Bajaj Finserv Credit Manager Salary 1 - 9 years exp. (384 salaries)	₹2.5 L/yr - ₹8.5 L/yr At par
Tata Capital Credit Manager Salary 0 - 11 years exp. (437 salaries)	₹4.5 L/yr - ₹13 L/yr 42% more	8 job openings
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L&T Finance Credit Manager Salary 1 - 9 years exp. (83 salaries)	₹3.6 L/yr - ₹14 L/yr 43% more
Muthoot Finance Credit Manager Salary 0 - 12 years exp. (74 salaries)	₹3 L/yr - ₹7.2 L/yr 15% less
Mahindra Finance Credit Manager Salary 5 - 14 years exp. (89 salaries)	₹2.9 L/yr - ₹13 L/yr 27% more
Aditya Birla Finance Credit Manager Salary 1 - 9 years exp. (301 salaries)	₹3 L/yr - ₹11.2 L/yr 24% more
Shriram Finance Credit Manager Salary 0 - 12 years exp. (144 salaries)	₹1.8 L/yr - ₹10.3 L/yr 5% more	2 job openings
Edelweiss Credit Manager Salary 0 - 8 years exp. (149 salaries)	₹2.7 L/yr - ₹11.5 L/yr 12% more
Indiabulls Finance Center Credit Manager Salary 0 - 6 years exp. (4 salaries)	₹2.6 L/yr - ₹4.5 L/yr 38% less
Reliance Capital Credit Manager Salary 0 - 13 years exp. (7 salaries)	₹6 L/yr - ₹8.4 L/yr 26% more
ICICI Bank Credit Manager Salary 0 - 11 years exp. (3.1k salaries)	₹4.2 L/yr - ₹15 L/yr 72% more	1 job opening
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HDFC Bank Credit Manager Salary 0 - 12 years exp. (2.7k salaries)	₹3.5 L/yr - ₹14 L/yr 45% more	1 job opening
Kotak Mahindra Bank Credit Manager Salary 0 - 11 years exp. (1k salaries)	₹4 L/yr - ₹14.5 L/yr 54% more
Axis Bank Credit Manager Salary 0 - 12 years exp. (821 salaries)	₹4 L/yr - ₹14.5 L/yr 50% more
Bajaj Finance Credit Manager Salary 1 - 9 years exp. (191 salaries)	₹2.4 L/yr - ₹9 L/yr At par
Aditya Birla Capital Credit Manager Salary 2 - 10 years exp. (162 salaries)	₹4 L/yr - ₹10.8 L/yr 26% more
Cholamandalam MS General Insurance Credit Manager Salary 6 - 7 years exp. (5 salaries)	₹4.7 L/yr - ₹8 L/yr 13% more
Canara HSBC Life Insurance Credit Manager Salary 1 - 7 years exp. (4 salaries)	₹2.8 L/yr - ₹5.7 L/yr 28% less
HDFC Life Credit Manager Salary 0 - 9 years exp. (4 salaries)	₹4.2 L/yr - ₹9.5 L/yr 9% more
ICICI Prudential Life Insurance Credit Manager Salary 0 - 2 years exp. (3 salaries)	₹2.6 L/yr - ₹8 L/yr 8% less

Credit Manager salary at NBFC ranges between ₹3 Lakhs to ₹10.3 Lakhs per year for employees with less than 1 year of experience to 7 years. Salary estimates are based on 13 latest salaries received from various employees of NBFC.

Experience wise NBFC Credit Manager salaries

Last Updated: 11 Jan 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.2 L/yr - ₹6.4 L/yr
1 year (AmbitionBox Estimate)	₹3.8 L/yr - ₹6.4 L/yr
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2 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹10.3 L/yr
3 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹10.5 L/yr
4 years (4 salaries)	₹3 L/yr - ₹10.6 L/yr
5 years (AmbitionBox Estimate)	₹3 L/yr - ₹10.7 L/yr
6 years (AmbitionBox Estimate)	₹6 L/yr - ₹10.3 L/yr
7 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹8 L/yr

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Similar Designation salaries in NBFC

Credit Officer Salary

(9 salaries)

₹2 L/yr - ₹3.2 L/yr

Area Credit Manager Salary

(4 salaries)

₹9.45 L/yr - ₹15 L/yr

Branch Manager Salary

(18 salaries)

₹2.6 L/yr - ₹7 L/yr

Deputy Manager Salary

(5 salaries)

₹4 L/yr - ₹7 L/yr

Chief Manager Salary

(AmbitionBox Estimate)

₹7 L/yr - ₹9 L/yr

Credit Analyst Salary

(4 salaries)

₹3 L/yr - ₹9 L/yr

Zonal Credit Manager Salary

(3 salaries)

₹37.2 L/yr - ₹45 L/yr

Sales Manager Salary

(13 salaries)

₹2 L/yr - ₹6 L/yr

Branch Credit Manager Salary

(4 salaries)

₹1.65 L/yr - ₹8 L/yr

Deputy Credit Manager Salary

(5 salaries)

₹6.8 L/yr - ₹9.5 L/yr

Salary related reviews for NBFC

Back Office Executive in Jaipur

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 02 Jul 2024

2.0

for Salary and Benefits

Likes

Nbfc are hell for anyone…some of target and money greedy companies wants 100% for employee and want from them to work overtime no holiday in closings and if any festival comes in closing they will not give holiday.. If your employee is not happy how could he work better…

Skill development - Good

+3 more

Dislikes

Work load and salary low

Salary - Poor

+1 more

Bajaj Finance Limited in Mumbai

Asset Based Finance . FD . Secured and Unsecured Loans both.. Department

5.0

• posted on 22 Apr 2019

5.0

for Salary and Benefits

Likes

...gement is very demanding. It's very tough and challenging for middle Management. Compensation , R&R , salary increment is better then competition.

Salary - Excellent

+4 more

Dislikes

Higher management is very demanding. It's very tough and challenging for middle Management. Work Life balance is poor.

Work-life balance - Poor

Assistant Manager

Sales & Business Development Department

4.0

• posted on 04 Oct 2017

4.0

for Salary and Benefits

Likes

Highly motivated teams, proper training, innovations in marketing, helps for a strong foundation in career growth are good aspects

Salary - Good

+1 more

Dislikes

No job security and less career growth less salary, bad work-life balance

Job security - Poor

Assistant Manager in Gurgaon / Gurugram

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 20 Apr 2022

4.0

for Salary and Benefits

Likes

Yeah company policy and work managment are really great because I joined 2017 and now I m working same company.

Salary - Good

+6 more

Dislikes

Not any particular as always there is two thing's of anything but it's depend on us that how can we manage or balanced.

Senior Area Collection Manager in Wani

BFSI, Investments & Trading Department

5.0

• posted on 28 Oct 2021

5.0

for Salary and Benefits

Likes

i like the working culture of NBFC in collection segment. as well as there is fast career growth based on performance along with salary increment.

Salary - Excellent

+3 more

Dislikes

In NBFC their is problem of holiday as compare to banking sector.

Work-life balance - Poor

see more salary related reviews

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New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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NBFC Credit Manager Salary FAQs

What is the salary of Credit Manager at NBFC?

Credit Manager salary at NBFC in India ranges between ₹3.0 Lakhs to ₹10.3 Lakhs for less than 1 year of experience to 7 years. According to our estimates it is 25% less than the average Credit Manager Salary in India. Salary estimates are based on 13 latest salaries received from various employees of NBFC India.

How does the salary of a Credit Manager at NBFC India compare with the average salary range for this job?

The average salary of a Credit Manager at NBFC is 25% less than the average salary of a Credit Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than NBFC to a Credit Manager in India?

ICICI Bank Credit Manager Salary - ₹4.2 Lakhs to ₹15.0 Lakhs per year
Kotak Mahindra Bank Credit Manager Salary - ₹4.0 Lakhs to ₹14.5 Lakhs per year
Axis Bank Credit Manager Salary - ₹4.0 Lakhs to ₹14.5 Lakhs per year
HDFC Bank Credit Manager Salary - ₹3.5 Lakhs to ₹14.0 Lakhs per year
L&T Finance Credit Manager Salary - ₹3.6 Lakhs to ₹14.0 Lakhs per year

What is the salary of a Credit Manager in companies similar to NBFC in India?

Tata Capital Credit Manager Salary - ₹4.5 Lakhs to ₹13.0 Lakhs per year
Mahindra Finance Credit Manager Salary - ₹2.9 Lakhs to ₹13.0 Lakhs per year
Reliance Capital Credit Manager Salary - ₹6.0 Lakhs to ₹8.4 Lakhs per year
Aditya Birla Capital Credit Manager Salary - ₹4.0 Lakhs to ₹10.8 Lakhs per year
Aditya Birla Finance Credit Manager Salary - ₹3.0 Lakhs to ₹11.2 Lakhs per year

What is the estimated take home salary of a Credit Manager at NBFC in India?

The estimated take-home salary of a Credit Manager at NBFC ranges between ₹44,364 per month to ₹45,464 per month in India. The take-home salary calculation is based on the average NBFC Credit Manager salary in India which ranges between ₹3.0 Lakhs to ₹10.3 Lakhs per year for employees with less than 1 year of experience to 7 years. Check how did we calculate take home salary?

What is the notice period for Credit Manager at NBFC?

According to AmbitionBox, 50% of the NBFC Credit Managers reported a notice period of 1 Month, 50% reported a notice period of 2 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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NBFC Credit Manager Salaries

NBFC Credit Manager salary in India ranges between ₹3 Lakhs to ₹10.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 13 NBFC latest salaries received from various employees of NBFC.