Varthana Mumbai Credit Manager Salaries by 4 Employees (Updated 2025)

5 - 10 years exp.

₹6.7 Lakhs - ₹7.8 Lakhs

Avg. annual salary

Monthly In-hand Salary

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

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Salaries in different departments

Finance & Accounting Credit Manager Salary 7 - 10 years exp. (3 salaries)	₹7 L/yr - ₹7.8 L/yr
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BFSI, Investments & Trading Credit Manager Salary 5 years exp. (AmbitionBox Estimate)	₹6.7 L/yr - ₹7.1 L/yr

Last Updated: 1 Jan 2025

Companies similar to Varthana for Credit Manager in Mumbai

Varthana Credit Manager Salary

5 - 10 years exp. (4 salaries)

₹6.7 L/yr - ₹7.8 L/yr

Company name	Avg Annual Salary	Open Jobs
InCred Finance Credit Manager Salary 2 - 9 years exp. (24 salaries)	₹4.1 L/yr - ₹10.4 L/yr 5% more
Shubham Housing Development Finance Credit Manager Salary 2 - 10 years exp. (16 salaries)	₹2.4 L/yr - ₹6 L/yr 34% less
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Anand Rathi Global Finance Credit Manager Salary 2 - 5 years exp. (6 salaries)	₹7.5 L/yr - ₹10.5 L/yr 21% more
SBFC Finance Credit Manager Salary 0 - 4 years exp. (6 salaries)	₹3 L/yr - ₹5 L/yr 35% less
Bajaj Housing Finance Credit Manager Salary 1 - 4 years exp. (4 salaries)	₹3.1 L/yr - ₹10 L/yr 28% less
Hinduja Leyland Finance Credit Manager Salary 4 - 18 years exp. (4 salaries)	₹7.3 L/yr - ₹13.3 L/yr 24% more
Reliance Home Finance Credit Manager Salary 6 - 10 years exp. (3 salaries)	₹10.2 L/yr - ₹11.5 L/yr 45% more

Credit Manager salary at Varthana ranges between ₹6.7 Lakhs to ₹7.8 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 Varthana.

Experience wise Varthana Credit Manager salaries in Mumbai

Last Updated: 1 Jan 2025

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹6.4 L/yr - ₹8.2 L/yr
6 years (AmbitionBox Estimate)	₹6.4 L/yr - ₹8.2 L/yr
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7 years (AmbitionBox Estimate)	₹6.4 L/yr - ₹8.2 L/yr
8 years (AmbitionBox Estimate)	₹6.4 L/yr - ₹8.1 L/yr
9 years (AmbitionBox Estimate)	₹6.4 L/yr - ₹8.1 L/yr
10 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹8.1 L/yr

View all

Similar Designation salaries in Varthana

Relationship Manager Salary

(5 salaries)

₹2.8 L/yr - ₹3.7 L/yr

Top skills at Varthana for Credit Manager

Credit Management Underwriting Portfolio Management Credit Analysis Stakeholder Management Retail Banking Credit Appraisal Due Diligence Credit Analysis Business Development Credit Team Handling Relationship Management Team Development Ratio Analysis

Salary related reviews for Varthana

Cluster Credit Manager in Lucknow

Full Time

Risk Management & Compliance Department

2.0

• posted on 14 Jul 2023

5.0

for Salary and Benefits

Likes

Salary got on time, Training on regular basis.

Salary - Excellent

+1 more

Dislikes

No policy and process. No timing, Employee should work alone and handle all kind of work. No work life balance. Working on weekends even an holidays also.

Work-life balance - Poor

Relationship Manager in New Delhi

Full Time

Sales Department

4.0

• posted on 01 Dec 2022

4.0

for Salary and Benefits

Likes

Flexible working hour, salary and reimbursement release on time

Salary - Good

+1 more

Dislikes

Politics between staff and senior manager new joiner can't stable on account of them , senior staff behaviour also not good to new joiner

Skill development - Poor

+1 more

Relationship Manager in Vijayawada

Full Time

Customer Success, Service & Operations Department

5.0

• posted on 09 Apr 2022

5.0

for Salary and Benefits

Likes

...ronment and culture. Teammates are supportive and the management is transparent. Company policies are good, appraisal are fair and they give good salary hike and promotions bonus every year.

Salary - Excellent

+6 more

Dislikes

Relationship Manager in Jalndhar

Finance Department

5.0

• posted on 01 Apr 2021

5.0

for Salary and Benefits

Likes

...ronment and culture, Teammates are supportive and the management is transparent. Company polices are good, appraisals are fair and they give good salary hike and bonus every year.

Salary - Excellent

+6 more

Dislikes

Nothing for that column

Relationship Manager in Thane Mumbai

Full Time

Finance Department

5.0

• posted on 28 Mar 2021

3.0

for Salary and Benefits

Likes

...ronment and culture. Teammates are supportive and the management is transparent.Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Skill development - Excellent

+4 more

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow. There is a bond of 2 years before which you cannot resign. On the job training is not given to new joinees

see more salary related reviews

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What people are saying about Varthana

View All

a manager

Ambiguity in JOB offer.

I recently changed my Job as Business Manager with Arka Fincap, but some how I also selected as BM(Branch manager) with HDB financial and Varthana finance. I am very confused, to what I will do. CTC would be same approximately. Suggest me right decision with reason... 1. I can continue with Arka Fincap. 2. Will join HDB financial as BM. 3. Will join Varthana finance as BM. Your feedback will be appreciated.

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Varthana Credit Manager Salary FAQs

What is the salary of Credit Manager at Varthana in Mumbai?

The average salary of a Credit Manager at Varthana in Mumbai typically ranges from ₹6.7 Lakhs to ₹7.8 Lakhs per year, depending on experience (from 5 years to 10 years).

The top 10% of Credit Manager in Mumbai at Varthana earn more than ₹7.8 Lakhs per year, and the top 1% earn over ₹7.8 Lakhs per year. Credit Manager Salaries at Varthana 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 Varthana employees in India.

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

The estimated take-home salary of a Credit Manager at Varthana in Mumbai typically ranges from ₹52,968 to ₹54,286 per month. This is based on the average salary range of ₹6.7 Lakhs to ₹7.8 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 Varthana. 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 Varthana in Mumbai?

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

- Credit Management
- Underwriting
- Portfolio Management
- Credit Analysis
- Stakeholder Management

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

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

Reliance Home Finance	₹10.2 Lakhs to ₹11.5 Lakhs per year
Hinduja Leyland Finance	₹7.3 Lakhs to ₹13.3 Lakhs per year
Anand Rathi Global Finance	₹7.5 Lakhs to ₹10.5 Lakhs per year
InCred Finance	₹4.1 Lakhs to ₹10.4 Lakhs per year

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

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

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

Bajaj Housing Finance	₹3.1 Lakhs to ₹10.0 Lakhs per year
Shubham Housing Development Finance	₹2.4 Lakhs to ₹6.0 Lakhs per year
SBFC Finance	₹3.0 Lakhs to ₹5.0 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 Varthana in Mumbai?

The salary growth for a Credit Manager at Varthana 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 Varthana:

Experience	Average Salary Range
5 years	₹6.4 Lakhs to ₹8.2 Lakhs per year
6 years	₹6.4 Lakhs to ₹8.2 Lakhs per year
7 years	₹6.4 Lakhs to ₹8.2 Lakhs per year
8 years	₹6.4 Lakhs to ₹8.1 Lakhs per year

and so on.

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Varthana Credit Manager Salaries in Mumbai

Varthana Credit Manager salary in Mumbai ranges between ₹6.7 Lakhs to ₹7.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Varthana latest salaries received from various employees of Varthana.