Poonawalla Fincorp Chennai Credit Manager Salaries by 4 Employees

1 - 5 years exp.

₹5 Lakhs - ₹7.2 Lakhs

Avg. annual salary

Monthly In-hand Salary

19% less than the average Credit Manager Salary in NBFC Companies for 1 - 5 years of experience

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Salaries in different departments

BFSI, Investments & Trading Credit Manager Salary 3 - 4 years exp. (AmbitionBox Estimate)	₹5 L/yr - ₹7.5 L/yr
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Finance & Accounting Credit Manager Salary 1 year exp. (AmbitionBox Estimate)	₹5.5 L/yr - ₹7 L/yr

Last Updated: 17 Mar 2023

Companies similar to Poonawalla Fincorp for Credit Manager in Chennai

Poonawalla Fincorp Credit Manager Salary

1 - 5 years exp. (4 salaries)

₹5 L/yr - ₹7.2 L/yr

Company name	Avg Annual Salary	Open Jobs
Shriram Finance Credit Manager Salary 1 - 10 years exp. (11 salaries)	₹2.2 L/yr - ₹8.2 L/yr 37% less	2 job openings
Ugro Capital Credit Manager Salary 5 - 9 years exp. (8 salaries)	₹5 L/yr - ₹9 L/yr 2% more
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Muthoot Fincorp Credit Manager Salary 2 - 11 years exp. (6 salaries)	₹3.6 L/yr - ₹6 L/yr 31% less	1 job opening
Kotak Mahindra Prime Credit Manager Salary 2 - 7 years exp. (6 salaries)	₹4.5 L/yr - ₹9.8 L/yr 2% more
TVS Credit Credit Manager Salary 4 - 8 years exp. (6 salaries)	₹3.9 L/yr - ₹8.5 L/yr 20% less
Sundaram Finance Credit Manager Salary 1 - 8 years exp. (6 salaries)	₹4.8 L/yr - ₹10 L/yr 8% more
Mahindra Finance Credit Manager Salary 3 - 13 years exp. (5 salaries)	₹5.4 L/yr - ₹12 L/yr 26% more
Tata Capital Housing Finance Credit Manager Salary 6 - 8 years exp. (5 salaries)	₹5.6 L/yr - ₹9 L/yr 10% more
PNB Housing Finance Credit Manager Salary 5 - 12 years exp. (4 salaries)	₹7.3 L/yr - ₹10.3 L/yr 35% more
L&T Finance Credit Manager Salary 2 - 10 years exp. (4 salaries)	₹4.8 L/yr - ₹9.8 L/yr 22% more
Muthoot Finance Credit Manager Salary 2 - 5 years exp. (4 salaries)	₹3.5 L/yr - ₹5.2 L/yr 32% less	1 job opening
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Credit Manager salary at Poonawalla Fincorp ranges between ₹5 Lakhs to ₹7.2 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 4 latest salaries received from various employees of Poonawalla Fincorp.

Experience wise Poonawalla Fincorp Credit Manager salaries in Chennai

Last Updated: 17 Mar 2023

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹5.7 L/yr - ₹7.3 L/yr
2 years (AmbitionBox Estimate)	₹5.8 L/yr - ₹7.4 L/yr
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3 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.6 L/yr
4 years (AmbitionBox Estimate)	₹6 L/yr - ₹7.7 L/yr
5 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹7.8 L/yr

Similar Designation salaries in Poonawalla Fincorp

Area Credit Manager Salary

(6 salaries)

₹4.8 L/yr - ₹20.3 L/yr

Top skills at Poonawalla Fincorp for Credit Manager

Credit Underwriting Credit Management Credit Appraisal Credit Analysis Medical Underwriting Personal Loans Business Loan

Salary related reviews for Poonawalla Fincorp

Sales Manager in Kolkata

Full Time

Sales & Business Development Department

3.0

• posted on 02 Aug 2023

4.0

for Salary and Benefits

Likes

The salary benifits such as incentive is good

Salary - Good

Dislikes

The work culture of the company is very bad the way boss talk with there employes are worst they even call at mid night and shout with out any reason they do the same thing whole day.

Job security - Poor

+4 more

Sales Manager in Agra

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2.0

• posted on 29 Oct 2023

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for Salary and Benefits

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Salary on time

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+1 more

Dislikes

HR is only for hiring. Lot of pressure for target. After 20th of every month, you have to come to the office and work even on holidays, and you don't get any compensation for it. But this culture has now become common across all NBFC .

Job security - Poor

+2 more

Deputy Manager in Begusarai

Other Department

5.0

• posted on 22 Sep 2019

4.0

for Salary and Benefits

Likes

Yes, Good culture in magma with all vertical.

Salary - Good

+6 more

Dislikes

Some times to see some here is no value for our old staff. Same position working and good performance giving after that new staff salary is high and old staff has to low. request to our management at list keep near. other this staff demotivate. pls need to revise. if any one person work with organisation from long time this is not good.

Business Analyst in Pune

Full Time

IT & Information Security Department

3.0

• posted on 07 Feb 2025

4.0

for Salary and Benefits

Likes

Good salary and job security

Salary - Good

+1 more

Dislikes

Too much favouritism, nothing to learn, only manager's favourite females recieve good increment, here you are not judged basis on skills but on faces and personal relationship.

Skill development - Bad

+3 more

Senior Manager in Pune

Full Time

Data Science & Analytics Department

1.0

• posted on 08 Jan 2025

3.0

for Salary and Benefits

Likes

only infra structure which looks great.

Job security - Good

Dislikes

...om home after dinner... so you endup closing at least 11.30-12 if not 1.30-2 AM. no salary hikes as compared to work done, failed promises, they will promise you for many things but wont fulfill anything. You might end up with high blood pressure or sugar issues

Skill development - Bad

+3 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 Fincorp Credit Manager Salary FAQs

What is the salary of Credit Manager at Poonawalla Fincorp in Chennai?

The average salary of a Credit Manager at Poonawalla Fincorp in Chennai typically ranges from ₹5.0 Lakhs to ₹7.2 Lakhs per year, depending on experience (from 1 year to 5 years).

The top 10% of Credit Manager in Chennai at Poonawalla Fincorp earn more than ₹5.5 Lakhs per year, and the top 1% earn over ₹5.5 Lakhs per year. Credit Manager Salaries at Poonawalla Fincorp 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 Fincorp employees in India.

What is the estimated take home salary of a Credit Manager at Poonawalla Fincorp in Chennai?

The estimated take-home salary of a Credit Manager at Poonawalla Fincorp in Chennai typically ranges from ₹51,475 to ₹52,689 per month. This is based on the average salary range of ₹5.0 Lakhs to ₹7.2 Lakhs per year for employees with experience ranging from 1 year to 5 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 Fincorp. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Credit Manager at Poonawalla Fincorp in Chennai?

To be a Credit Manager at Poonawalla Fincorp in Chennai, the key skills required include:

- Credit Underwriting
- Credit Management
- Credit Appraisal
- Credit Analysis
- Medical Underwriting

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

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

PNB Housing Finance	₹7.3 Lakhs to ₹10.3 Lakhs per year
Mahindra Finance	₹5.4 Lakhs to ₹12.0 Lakhs per year
L&T Finance	₹4.8 Lakhs to ₹9.8 Lakhs per year
Tata Capital Housing Finance	₹5.6 Lakhs to ₹9.0 Lakhs per year
Sundaram Finance	₹4.8 Lakhs to ₹10.0 Lakhs per year

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

What is the salary of a Credit Manager in companies similar to Poonawalla Fincorp in Chennai?

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

Ugro Capital	₹5.0 Lakhs to ₹9.0 Lakhs per year
Kotak Mahindra Prime	₹4.5 Lakhs to ₹9.8 Lakhs per year
TVS Credit	₹3.9 Lakhs to ₹8.5 Lakhs per year
Muthoot Fincorp	₹3.6 Lakhs to ₹6.0 Lakhs per year
Muthoot Finance	₹3.5 Lakhs to ₹5.2 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 Poonawalla Fincorp in Chennai?

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

Experience	Average Salary Range
1 year	₹5.7 Lakhs to ₹7.3 Lakhs per year
2 years	₹5.8 Lakhs to ₹7.4 Lakhs per year
3 years	₹5.9 Lakhs to ₹7.6 Lakhs per year
4 years	₹6.0 Lakhs to ₹7.7 Lakhs per year

and so on.

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Poonawalla Fincorp Credit Manager Salaries in Chennai

Poonawalla Fincorp Credit Manager salary in Chennai ranges between ₹5 Lakhs to ₹7.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Poonawalla Fincorp latest salaries received from various employees of Poonawalla Fincorp.