NBFC Credit Officer Salaries by 9 Employees (Updated 2024)

3 - 5 years exp.

₹2 Lakhs - ₹3.2 Lakhs

Salary of majority employees

29% less than the average Credit Officer Salary in Insurance Companies for 3 - 5 years of experience

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Salaries in different departments

Finance & Accounting Credit Officer Salary 3 - 5 years exp. (6 salaries)	₹2 L/yr - ₹3.2 L/yr
Customer Success, Service & Operations Credit Officer Salary 4 - 5 years exp. (AmbitionBox Estimate)	₹2.5 L/yr - ₹2.6 L/yr
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BFSI, Investments & Trading Credit Officer Salary 5 years exp. (AmbitionBox Estimate)	₹2.5 L/yr - ₹3 L/yr

Last Updated: 16 Mar 2023

Companies similar to NBFC for Credit Officer

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Credit Officer Salary 1 - 8 years exp. (335 salaries)	₹1.3 L/yr - ₹3.9 L/yr 2% more
Bajaj Finance Credit Officer Salary 0 - 5 years exp. (37 salaries)	₹1.9 L/yr - ₹5 L/yr 38% more
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ICICI Bank Credit Officer Salary 0 - 8 years exp. (111 salaries)	₹1.3 L/yr - ₹4.7 L/yr 3% more
Axis Bank Credit Officer Salary 0 - 6 years exp. (181 salaries)	₹1.2 L/yr - ₹6.5 L/yr 41% more
Kotak Mahindra Bank Credit Officer Salary 0 - 6 years exp. (106 salaries)	₹1.5 L/yr - ₹4.5 L/yr 4% more
Tata Capital Credit Officer Salary 0 - 10 years exp. (26 salaries)	₹2.5 L/yr - ₹5 L/yr 34% more	2 job openings
Aditya Birla Capital Credit Officer Salary 0 - 6 years exp. (36 salaries)	₹2.2 L/yr - ₹5.1 L/yr 44% more
Mahindra Finance Credit Officer Salary 0 - 7 years exp. (39 salaries)	₹1.5 L/yr - ₹3.4 L/yr 4% less
L&T Finance Credit Officer Salary 1 - 6 years exp. (46 salaries)	₹1.8 L/yr - ₹4 L/yr 33% more
Shriram Finance Credit Officer Salary 0 - 9 years exp. (180 salaries)	₹1.2 L/yr - ₹4.5 L/yr 9% more

Credit Officer salary at NBFC ranges between ₹2 Lakhs to ₹3.2 Lakhs per year for employees with experience between 3 years to 5 years. Salary estimates are based on 9 latest salaries received from various employees of NBFC.

Experience wise NBFC Credit Officer salaries

Last Updated: 16 Mar 2023

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹1 L/yr - ₹3.2 L/yr
4 years (3 salaries)	₹2 L/yr - ₹2.8 L/yr
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5 years (4 salaries)	₹2.3 L/yr - ₹3 L/yr

Similar Designation salaries in NBFC

Credit Manager Salary

(9 salaries)

₹3 L/yr - ₹10 L/yr

Sales Officer Salary

(10 salaries)

₹2.1 L/yr - ₹3 L/yr

Credit Analyst Salary

(4 salaries)

₹3 L/yr - ₹9 L/yr

Senior Credit Officer Salary

(3 salaries)

₹3 L/yr - ₹7.6 L/yr

Officer Salary

(AmbitionBox Estimate)

₹2.3 L/yr - ₹2.9 L/yr

Credit Underwriter Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Credit Executive Salary

(4 salaries)

₹2.1 L/yr - ₹2.3 L/yr

Area Credit Manager Salary

(4 salaries)

₹9.45 L/yr - ₹15 L/yr

Branch Manager Salary

(18 salaries)

₹2.6 L/yr - ₹7.45 L/yr

Deputy Manager Salary

(5 salaries)

₹2 L/yr - ₹7 L/yr

Salary related reviews for NBFC

3.0

Rated by 1 employees for salary & benefits

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…

Dislikes

Work load and salary low

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.

Dislikes

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

Dislikes

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

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.

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.

Dislikes

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

see more salary related reviews

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a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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NBFC Credit Officer Salary FAQs

What is the salary of Credit Officer at NBFC?

Credit Officer salary at NBFC in India ranges between ₹2.0 Lakhs to ₹3.2 Lakhs for experience between 3 years to 5 years. According to our estimates it is 29% less than the average Credit Officer Salary in India. Salary estimates are based on 9 latest salaries received from various employees of NBFC India.

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

The average salary of a Credit Officer at NBFC is 29% less than the average salary of a Credit Officer in India. To know exact salary insights, login to view.

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

Aditya Birla Capital Credit Officer Salary - ₹2.2 Lakhs to ₹5.1 Lakhs per year
Axis Bank Credit Officer Salary - ₹1.2 Lakhs to ₹6.5 Lakhs per year
Bajaj Finance Credit Officer Salary - ₹1.9 Lakhs to ₹5.0 Lakhs per year
Tata Capital Credit Officer Salary - ₹2.5 Lakhs to ₹5.0 Lakhs per year
L&T Finance Credit Officer Salary - ₹1.8 Lakhs to ₹4.0 Lakhs per year

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

Shriram Finance Credit Officer Salary - ₹1.2 Lakhs to ₹4.5 Lakhs per year
Kotak Mahindra Bank Credit Officer Salary - ₹1.5 Lakhs to ₹4.5 Lakhs per year
ICICI Bank Credit Officer Salary - ₹1.3 Lakhs to ₹4.7 Lakhs per year
HDFC Bank Credit Officer Salary - ₹1.3 Lakhs to ₹3.9 Lakhs per year
Mahindra Finance Credit Officer Salary - ₹1.5 Lakhs to ₹3.4 Lakhs per year

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

The estimated take-home salary of a Credit Officer at NBFC ranges between ₹17,740 per month to ₹19,437 per month in India. The take-home salary calculation is based on the average NBFC Credit Officer salary in India which ranges between ₹2.0 Lakhs to ₹3.2 Lakhs per year for employees with experience between 3 years to 5 years. Check how did we calculate take home salary?

What is the notice period for Credit Officer at NBFC?

According to AmbitionBox, 100% of the NBFC Credit Officers reported a notice period of 15 days or less.This is based on 1 response on AmbitionBox in last 2 years.

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NBFC Credit Officer Salaries

NBFC Credit Officer salary in India ranges between ₹2 Lakhs to ₹3.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 9 NBFC latest salaries received from various employees of NBFC.