Protium Finance Mumbai Credit Manager Salaries by 10+ Employees (Updated 2025)

2 - 11 years exp.

₹3.8 Lakhs - ₹11 Lakhs

Avg. annual salary

Monthly In-hand Salary

20% less than the average Credit Manager Salary in Financial Services Companies for 2 - 11 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

BFSI, Investments & Trading Credit Manager Salary 2 - 9 years exp. (4 salaries)	₹4.5 L/yr - ₹8 L/yr
Finance & Accounting Credit Manager Salary 3 - 11 years exp. (4 salaries)	₹4 L/yr - ₹6.7 L/yr
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Customer Success, Service & Operations Credit Manager Salary 7 - 9 years exp. (3 salaries)	₹6 L/yr - ₹11 L/yr

Last Updated: 14 Mar 2025

Companies similar to Protium Finance for Credit Manager in Mumbai

Protium Finance Credit Manager Salary

2 - 11 years exp. (18 salaries)

₹3.8 L/yr - ₹11 L/yr

Company name	Avg Annual Salary	Open Jobs
Aadhar Housing Finance Credit Manager Salary 2 - 10 years exp. (42 salaries)	₹3.4 L/yr - ₹6.3 L/yr 27% less
ICICI Home Finance Credit Manager Salary 1 - 9 years exp. (23 salaries)	₹2.5 L/yr - ₹12.1 L/yr 5% more
Login to view exact salary
Edelweiss Credit Manager Salary 0 - 8 years exp. (17 salaries)	₹3.5 L/yr - ₹10.7 L/yr 1% less
Sharekhan Credit Manager Salary 2 - 7 years exp. (5 salaries)	₹4 L/yr - ₹8.3 L/yr 19% less
ICICI Bank Credit Manager Salary 0 - 12 years exp. (563 salaries)	₹4 L/yr - ₹17.6 L/yr 52% more

Credit Manager salary at Protium Finance ranges between ₹3.8 Lakhs to ₹11 Lakhs per year for employees with experience between 2 years to 11 years. Salary estimates are based on 18 latest salaries received from various employees of Protium Finance.

Latest annual salaries shared by Protium Finance Credit Manager in Mumbai

3w ago

₹7 Lakhs

4 years exp.

4w ago

₹5.3 Lakhs

6 years exp.

1mo ago

₹4 Lakhs

3 years exp.

2mo ago

₹5 Lakhs

3 years exp.

3mo ago

₹6.3 Lakhs

2 years exp.

3mo ago

11 years exp.

5mo ago

6 years exp.

7mo ago

3 years exp.

7mo ago

3 years exp.

9mo ago

2 years exp.

Experience wise Protium Finance Credit Manager salaries in Mumbai

Last Updated: 14 Mar 2025

Experience	Avg Annual Salary
2 years (4 salaries)	₹5.2 L/yr - ₹6.3 L/yr
3 years (4 salaries)	₹4 L/yr - ₹6 L/yr
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4 years (AmbitionBox Estimate)	₹5.2 L/yr - ₹6.7 L/yr
5 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹7 L/yr
6 years (AmbitionBox Estimate)	₹5.8 L/yr - ₹7.4 L/yr
7 years (AmbitionBox Estimate)	₹6 L/yr - ₹7.7 L/yr
8 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹8 L/yr
9 years (AmbitionBox Estimate)	₹6.6 L/yr - ₹8.4 L/yr
10 years (AmbitionBox Estimate)	₹6.8 L/yr - ₹8.7 L/yr
11 years (AmbitionBox Estimate)	₹7.1 L/yr - ₹9 L/yr

View all

Similar Designation salaries in Protium Finance

Deputy Manager Salary

(18 salaries)

₹3.07 L/yr - ₹6.6 L/yr

Chief Manager Salary

(7 salaries)

₹14 L/yr - ₹20 L/yr

Sales Manager Salary

(3 salaries)

₹4.9 L/yr - ₹6.07 L/yr

Top skills at Protium Finance for Credit Manager

Credit Underwriting Underwriting Credit Appraisal Credit Management CAM Sanction Credit Assessment Credit Analysis Credit Appraisal Lap Credit Evaluation mortgage Medical Underwriting Credit Risk Management Business Loan

Salary related reviews for Protium Finance

3.5

Rated by 2 employees for salary & benefits

Branch Credit Manager in Hyderabad / Secunderabad

Full Time

Finance & Accounting Department

1.0

• posted on 12 Dec 2024

1.0

for Salary and Benefits

Likes

Nothing much

Dislikes

... getting any appraisal, work life balance is a joke in the company and lays off.employees not only in sales but also in all departments if they want cost cutting and no human touch in this company culture. 0.5/5 rating.

Salary - Bad

+6 more

Senior Manager in Mumbai

Full Time

Sales & Business Development Department

1.0

• posted on 22 Dec 2023

5.0

for Salary and Benefits

Likes

They offer good salary and office infrastructure is also good.

Salary - Excellent

Dislikes

Job Security is always at stake in Protium. They lay off twice every year along with small layoffs at any given time of year without any strong reason. Even the people holding highest designation micro manage things.

Skill development - Bad

+5 more

Collection Officer in All City

Full Time

Finance & Accounting Department

1.0

• posted on 17 Aug 2024

1.0

for Salary and Benefits

Likes

Nothing

Dislikes

...d harassment from his manager thn after he treated very bad to give resignation. He jobless for 2 month and salary got only 12k after proper completing notice period also. Dont go for ths company. Otherwise you also suffer same.

Salary - Bad

+6 more

Branch Credit Manager in Bangalore / Bengaluru

Full Time

Risk Management & Compliance Department

1.0

• posted on 31 Dec 2024

1.0

for Salary and Benefits

Likes

I don't have any positive comments. I have only bad comments. I am suggesting please no one go to protium.

Dislikes

Working at Protium has been a challenging experience. The company lacks proper work-life balance as promised policies like alternate Saturday offs are not implemented, and leave requests, even for personal or festival occasions, are often denied. The management uses inappropriate language and exerts undue pressure on employees, creating a stressful and toxic environment. Promotions and appraisals seem biased, favoring those who conform rather than recognizing genuine hard work. Additionally, customers face issues like high-interest rates, exorbitant processing fees, and unnecessary insurance charges, which damage trust and the company's reputation. Employees here are expected to sacrifice personal life entirely, which is unsustainable. Protium must prioritize employee well-being, fairness, and customer satisfaction to improve its work culture and credibility.

Salary - Bad

+6 more

Branch Manager in Mumbai

Full Time

Sales & Business Development Department

3.0

• posted on 05 Nov 2024

3.0

for Salary and Benefits

Likes

Good bonus and increments for performers or favorites

Promotions - Good

Dislikes

High rate of interest. Tough credit policies and bad culture in direct channel. favoritism during appraisals...Senior management have lot of attitude and ego...use foul language...ready to compromise on work ethics for business...HR is useless ..never help in recruitment. No one follow branch timing

Skill development - Bad

+1 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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Protium Finance Credit Manager Salary FAQs

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

The average salary of a Credit Manager at Protium Finance in Mumbai typically ranges from ₹3.8 Lakhs to ₹11.0 Lakhs per year, depending on experience (from 2 years to 11 years).

The top 10% of Credit Manager in Mumbai at Protium Finance earn more than ₹9.8 Lakhs per year, and the top 1% earn over ₹11.0 Lakhs per year. Credit Manager Salaries at Protium 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 10+ Protium Finance employees in India.

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

The estimated take-home salary of a Credit Manager at Protium Finance in Mumbai typically ranges from ₹50,087 to ₹51,270 per month. This is based on the average salary range of ₹3.8 Lakhs to ₹11.0 Lakhs per year for employees with experience ranging from 2 years to 11 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 Protium Finance. 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 Protium Finance in Mumbai?

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

- Credit Underwriting
- Underwriting
- Credit Appraisal
- Credit Management
- CAM

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

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

ICICI Bank	₹4.0 Lakhs to ₹17.6 Lakhs per year
ICICI Home Finance	₹2.5 Lakhs to ₹12.1 Lakhs per year

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

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

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

Edelweiss	₹3.5 Lakhs to ₹10.7 Lakhs per year
Sharekhan	₹4.0 Lakhs to ₹8.3 Lakhs per year
Aadhar Housing Finance	₹3.4 Lakhs to ₹6.3 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 Protium Finance in Mumbai?

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

Experience	Average Salary Range
2 years	₹5.2 Lakhs to ₹6.3 Lakhs per year
3 years	₹4.0 Lakhs to ₹6.0 Lakhs per year
4 years	₹5.2 Lakhs to ₹6.7 Lakhs per year
5 years	₹5.5 Lakhs to ₹7.0 Lakhs per year

and so on.

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Protium Finance Credit Manager Salaries in Mumbai

Protium Finance Credit Manager salary in Mumbai ranges between ₹3.8 Lakhs to ₹11 Lakhs with an average annual salary of ₹. Salary estimates are based on 18 Protium Finance latest salaries received from various employees of Protium Finance.