Poonawalla Finance Mumbai Area Credit Manager Salaries by 4 Employees

5 - 10 years exp.

₹10.7 Lakhs - ₹19.3 Lakhs

Avg. annual salary

Monthly In-hand Salary

13% less than the average Area Credit Manager Salary in NBFC Companies for 5 - 10 years of experience

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Salaries in different departments

BFSI, Investments & Trading Area Credit Manager Salary 5 - 7 years exp. (AmbitionBox Estimate)	₹10.9 L/yr - ₹19.3 L/yr
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Finance & Accounting Area Credit Manager Salary 8 - 10 years exp. (AmbitionBox Estimate)	₹11.7 L/yr - ₹16.4 L/yr

Last Updated: 18 May 2024

Companies similar to Poonawalla Finance for Area Credit Manager in Mumbai

Poonawalla Finance Area Credit Manager Salary

5 - 10 years exp. (4 salaries)

₹10.7 L/yr - ₹19.3 L/yr

Company name	Avg Annual Salary	Open Jobs
HDB Financial Services Area Credit Manager Salary 8 - 17 years exp. (12 salaries)	₹7 L/yr - ₹15.1 L/yr 11% more	3 job openings
Hero FinCorp Area Credit Manager Salary 5 - 11 years exp. (10 salaries)	₹11 L/yr - ₹18 L/yr 24% more
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Anand Rathi Global Finance Area Credit Manager Salary 3 - 8 years exp. (5 salaries)	₹12 L/yr - ₹21.7 L/yr 39% more
Bajaj Finance Area Credit Manager Salary 3 - 11 years exp. (5 salaries)	₹9 L/yr - ₹10.6 L/yr 7% less	1 job opening
Rattanindia Finance Area Credit Manager Salary 10 - 18 years exp. (5 salaries)	₹9.5 L/yr - ₹14.1 L/yr 7% more
Bajaj Housing Finance Area Credit Manager Salary 6 - 9 years exp. (3 salaries)	₹11.6 L/yr - ₹16 L/yr 27% more

Area Credit Manager salary at Poonawalla Finance ranges between ₹10.7 Lakhs to ₹19.3 Lakhs per year for employees with experience between 5 years to 10 years. Salary estimates are based on 4 latest salaries received from various employees of Poonawalla Finance.

Experience wise Poonawalla Finance Area Credit Manager salaries in Mumbai

Last Updated: 18 May 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹10.7 L/yr - ₹13.6 L/yr
6 years (AmbitionBox Estimate)	₹10.5 L/yr - ₹13.4 L/yr
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7 years (AmbitionBox Estimate)	₹10.3 L/yr - ₹13.2 L/yr
8 years (AmbitionBox Estimate)	₹10.2 L/yr - ₹13 L/yr
9 years (AmbitionBox Estimate)	₹10 L/yr - ₹12.8 L/yr
10 years (AmbitionBox Estimate)	₹9.8 L/yr - ₹12.5 L/yr

View all

Similar Designation salaries in Poonawalla Finance

Credit Manager Salary

(5 salaries)

₹4 L/yr - ₹8.25 L/yr

Branch Credit Manager Salary

(3 salaries)

₹7.46 L/yr - ₹8.5 L/yr

Relationship Manager Salary

(3 salaries)

₹3.5 L/yr - ₹4.35 L/yr

Top skills at Poonawalla Finance for Area Credit Manager

Credit Management Credit Appraisal Due Diligence Credit Rating Lap Credit Policy Financial Statements Business Loan Process Training Analytical skills Communication Skills Working Capital Team Management Mba Finance Underwriting

Salary related reviews for Poonawalla Finance

Senior Executive Operations in Jhansi

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 03 Jan 2023

1.0

for Salary and Benefits

Likes

...Assistant manager saying there is no rules for promotion after senior executive. I am searching new job where i can get salary hike as well as promotion. I suggest not to join poonawalla fincorp as there is no job stablity. Any time they can trnasfer to any roll. I transfered operations to collection. This is the wrost company ever.

Dislikes

Company any time transfer to any roll withouth informing. I transferd to collection with immediate effect. I suggest do not join the wrost company poonawalla fincorp ltd.

Salary - Bad

+6 more

Technical Manager in Agra

Full Time

Finance & Accounting Department

3.0

• posted on 18 Jun 2023

4.0

for Salary and Benefits

Likes

Good as giving chances to less experienced people

Salary - Good

Dislikes

...ly sales oriented and many technical things are neglected in business pressure..less salary high working hours

Job security - Poor

+2 more

Executive in Jaipur

Full Time

Other Department

5.0

• posted on 20 Oct 2022

5.0

for Salary and Benefits

Likes

Poonawalla Finance Reviews by current and past employees about ✓salary & benefits ✓work culture ✓skill development ✓career grow

Salary - Excellent

+6 more

Dislikes

Poonawalla Finance Reviews by current and past employees about ✓salary & benefits ✓work culture ✓skill development ✓career growth ✓job security ...

Legal Manager in Bangalore / Bengaluru

Full Time

Other Department

3.0

• posted on 11 Nov 2023

3.0

for Salary and Benefits

Likes

I like only giving 2 days weekly off

Dislikes

I most dislike this company because there is no proper sitting place in office, not a good environment, not good working culture, nothing to learn something in this company.

Credit Manager in Pune

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 26 Apr 2023

1.0

for Salary and Benefits

Likes

System are quite advance

Dislikes

Whether it's appraisal, job security or worklife balance all are pathetic. They just say 3saturdays off but u will get only 2saturday and rest all days will be working including sundays.

Salary - 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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Poonawalla Finance Area Credit Manager Salary FAQs

What is the salary of Area Credit Manager at Poonawalla Finance in Mumbai?

The average salary of a Area Credit Manager at Poonawalla Finance in Mumbai typically ranges from ₹10.7 Lakhs to ₹19.3 Lakhs per year, depending on experience (from 5 years to 10 years).

The top 10% of Area Credit Manager in Mumbai at Poonawalla Finance earn more than ₹19.3 Lakhs per year, and the top 1% earn over ₹19.3 Lakhs per year. Area Credit Manager Salaries at Poonawalla 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 4 Poonawalla Finance employees in India.

What is the estimated take home salary of a Area Credit Manager at Poonawalla Finance in Mumbai?

The estimated take-home salary of a Area Credit Manager at Poonawalla Finance in Mumbai typically ranges from ₹80,618 to ₹82,718 per month. This is based on the average salary range of ₹10.7 Lakhs to ₹19.3 Lakhs per year for employees with experience ranging from 5 years to 10 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 4 salaries received from various employees of Poonawalla Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Area Credit Manager at Poonawalla Finance in Mumbai?

To be a Area Credit Manager at Poonawalla Finance in Mumbai, the key skills required include:

- Credit Management
- Credit Appraisal
- Due Diligence
- Credit Rating
- Lap

These skills are highly valued at Poonawalla Finance and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Poonawalla Finance for Area Credit Manager in India?

Anand Rathi Global Finance	₹12.0 Lakhs to ₹21.7 Lakhs per year
Bajaj Housing Finance	₹11.6 Lakhs to ₹16.0 Lakhs per year
Hero FinCorp	₹11.0 Lakhs to ₹18.0 Lakhs per year
HDB Financial Services	₹7.0 Lakhs to ₹15.1 Lakhs per year
Rattanindia Finance	₹9.5 Lakhs to ₹14.1 Lakhs per year

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

What is the salary of a Area Credit Manager in companies similar to Poonawalla Finance in Mumbai?

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

Bajaj Finance

₹9.0 Lakhs to ₹10.6 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 Area Credit Manager at Poonawalla Finance in Mumbai?

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

Experience	Average Salary Range
5 years	₹10.7 Lakhs to ₹13.6 Lakhs per year
6 years	₹10.5 Lakhs to ₹13.4 Lakhs per year
7 years	₹10.3 Lakhs to ₹13.2 Lakhs per year
8 years	₹10.2 Lakhs to ₹13.0 Lakhs per year

and so on.

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Poonawalla Finance Area Credit Manager Salaries in Mumbai

Poonawalla Finance Area Credit Manager salary in Mumbai ranges between ₹10.7 Lakhs to ₹19.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Poonawalla Finance latest salaries received from various employees of Poonawalla Finance.