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

0 - 7 years exp.

₹3 Lakhs - ₹10.3 Lakhs

Salary of majority employees

28% 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
Cholamandalam MS General Insurance Credit Manager Salary 6 - 7 years exp. (5 salaries)	₹4.7 L/yr - ₹8 L/yr 18% more
Canara HSBC Life Insurance Credit Manager Salary 1 - 7 years exp. (4 salaries)	₹2.8 L/yr - ₹5.7 L/yr 25% less
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HDFC Life Credit Manager Salary 0 - 9 years exp. (4 salaries)	₹4.2 L/yr - ₹9.5 L/yr 14% more
ICICI Prudential Life Insurance Credit Manager Salary 0 - 2 years exp. (3 salaries)	₹2.6 L/yr - ₹8 L/yr 4% less
ICICI Bank Credit Manager Salary 0 - 11 years exp. (3.3k salaries)	₹4.3 L/yr - ₹17.5 L/yr 79% more

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)	₹2.2 L/yr - ₹10.3 L/yr
3 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹10 L/yr
4 years (4 salaries)	₹3 L/yr - ₹10.1 L/yr
5 years (AmbitionBox Estimate)	₹3 L/yr - ₹10.1 L/yr
6 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹10.3 L/yr
7 years (AmbitionBox Estimate)	₹2.3 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)

₹7 L/yr - ₹17.25 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 - ₹4 L/yr

Zonal Credit Manager Salary

(3 salaries)

₹37.2 L/yr - ₹45 L/yr

Sales Manager Salary

(9 salaries)

₹2.05 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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NBFC Credit Manager Salary FAQs

What is the salary of Credit Manager at NBFC ?

The average salary of a Credit Manager at NBFC in India typically ranges from ₹3.0 Lakhs to ₹10.3 Lakhs per year, depending on experience (from Fresher to 7 years).

The top 10% of Credit Manager at NBFC earn more than ₹10.3 Lakhs per year, and the top 1% earn over ₹10.3 Lakhs per year. Credit Manager Salaries at NBFC 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 10+ NBFC employees in India.

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 in India typically ranges from ₹42,316 to ₹43,447 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹10.3 Lakhs per year for employees with experience ranging from Fresher to 7 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 10+ salaries received from various employees of NBFC. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than NBFC for Credit Manager in India?

ICICI Bank	₹4.3 Lakhs to ₹17.5 Lakhs per year
Cholamandalam MS General Insurance	₹4.7 Lakhs to ₹8.0 Lakhs per year
HDFC Life	₹4.2 Lakhs to ₹9.5 Lakhs per year

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

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

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

ICICI Prudential Life Insurance	₹2.6 Lakhs to ₹8.0 Lakhs per year
Canara HSBC Life Insurance	₹2.8 Lakhs to ₹5.7 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 Manager at NBFC in India?

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

Experience	Average Salary Range
Fresher	₹2.2 Lakhs to ₹6.4 Lakhs per year
1 year	₹3.8 Lakhs to ₹6.4 Lakhs per year
2 years	₹2.2 Lakhs to ₹10.3 Lakhs per year
3 years	₹4.4 Lakhs to ₹10.0 Lakhs per year

and so on.

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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.