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Mahindra Rural Housing Finance Credit Manager salaries in India (Updated 2025)

Annual salary range
1 - 10 years exp.
₹2 Lakhs - ₹8.4 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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Credit Manager Salary at Mahindra Rural Housing Finance ranges between ₹2 Lakhs to ₹8.4 Lakhs per year for employees with experience between 1 year to 10 years. Salary estimates are based on 88 latest salaries... Read more

38% less than the average Credit Manager Salary in NBFC Companies for 1 - 10 years of experience

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Last Updated: 21 May 2025

Companies similar to Mahindra Rural Housing Finance for Credit Manager

Company name Avg Annual Salary Open Jobs
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HDB Financial Services Credit Manager Salary

0 - 12 years exp. (448 salaries)

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₹2 L/yr - ₹8 L/yr

arrow icon 7% less
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Tata Capital Credit Manager Salary

0 - 12 years exp. (496 salaries)

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₹3.5 L/yr - ₹13.5 L/yr

arrow icon 70% more
17 job openings
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₹2.5 L/yr - ₹10.3 L/yr

arrow icon 40% more
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SMFG India Credit Credit Manager Salary

1 - 12 years exp. (336 salaries)

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₹2.4 L/yr - ₹11.2 L/yr

arrow icon 37% more
1 job opening
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Aditya Birla Finance Credit Manager Salary

1 - 10 years exp. (230 salaries)

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₹4 L/yr - ₹12 L/yr

arrow icon 49% more
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Bajaj Finance Credit Manager Salary

1 - 9 years exp. (217 salaries)

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₹2.4 L/yr - ₹9.5 L/yr

arrow icon 27% more
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IIFL Finance Credit Manager Salary

0 - 8 years exp. (180 salaries)

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₹2.3 L/yr - ₹9.5 L/yr

arrow icon 10% more
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Poonawalla Fincorp Credit Manager Salary

0 - 9 years exp. (166 salaries)

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₹4.2 L/yr - ₹12.6 L/yr

arrow icon 56% more
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Kotak Mahindra Prime Credit Manager Salary

0 - 8 years exp. (135 salaries)

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₹3.9 L/yr - ₹12 L/yr

arrow icon 64% more
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Shriram Finance Credit Manager Salary

0 - 10 years exp. (141 salaries)

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₹1.8 L/yr - ₹9.5 L/yr

arrow icon 22% more
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Mahindra Finance Credit Manager Salary

1 - 12 years exp. (121 salaries)

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₹2.3 L/yr - ₹12.7 L/yr

arrow icon 45% more
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L&T Finance Credit Manager Salary

1 - 10 years exp. (98 salaries)

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₹3.2 L/yr - ₹14 L/yr

arrow icon 64% more
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Axis Finance Credit Manager Salary

4 - 12 years exp. (76 salaries)

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₹4.5 L/yr - ₹16 L/yr

arrow icon 126% more
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Muthoot Finance Credit Manager Salary

0 - 9 years exp. (72 salaries)

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₹3 L/yr - ₹7 L/yr

arrow icon 1% less
3 job openings
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TVS Credit Credit Manager Salary

4 - 10 years exp. (52 salaries)

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₹3.3 L/yr - ₹9.5 L/yr

arrow icon 13% more
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Muthoot Fincorp Credit Manager Salary

2 - 12 years exp. (45 salaries)

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₹1.9 L/yr - ₹9.8 L/yr

arrow icon 9% more
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SK Finance Limited Credit Manager Salary

1 - 10 years exp. (43 salaries)

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₹2.5 L/yr - ₹6 L/yr

arrow icon 17% less
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Manappuram Finance Credit Manager Salary

2 - 10 years exp. (31 salaries)

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₹3 L/yr - ₹5.8 L/yr

arrow icon 14% less
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Capri Global Capital Credit Manager Salary

2 - 8 years exp. (28 salaries)

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₹3.4 L/yr - ₹10.9 L/yr

arrow icon 20% more
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Tata Motors Finance Credit Manager Salary

0 - 12 years exp. (16 salaries)

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₹7.1 L/yr - ₹12.8 L/yr

arrow icon 88% more
View all

Latest annual salaries shared by Mahindra Rural Housing Finance Credit Manager

3w ago
₹4.7 Lakhs
5 years exp.
3w ago
₹5.5 Lakhs
2 years exp.
1mo ago
₹6.3 Lakhs
9 years exp.
1mo ago
₹7 Lakhs
6 years exp.
2mo ago
₹6 Lakhs
3 years exp.
2mo ago
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7 years exp.
3mo ago
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6 years exp.
4mo ago
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5 years exp.
5mo ago
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2 years exp.
6mo ago
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8 years exp.

Mahindra Rural Housing Finance Credit Manager salaries by

Years of experience Avg. annual salary
1 year  (6 salaries)

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₹2.2 L/yr - ₹5.9 L/yr
2 years  (5 salaries)

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₹2.8 L/yr - ₹6 L/yr
3 years  (10 salaries)

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₹2 L/yr - ₹6 L/yr
4 years  (13 salaries)

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₹2.2 L/yr - ₹5.9 L/yr
5 years  (21 salaries)

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₹2.4 L/yr - ₹7.4 L/yr
View all salaries by experience

Similar Designation Salaries at Mahindra Rural Housing Finance

Similar Designation Avg. annual salary
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₹1.2 L/yr - ₹4 L/yr

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₹5.6 L/yr - ₹14.3 L/yr

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₹1.9 L/yr - ₹8.5 L/yr

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₹3.2 L/yr - ₹10.3 L/yr

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₹17.1 L/yr - ₹21 L/yr

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₹1.2 L/yr - ₹2 L/yr

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₹40.8 L/yr - ₹52 L/yr

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₹1.5 L/yr - ₹6 L/yr

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₹2.1 L/yr - ₹8 L/yr

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₹3 L/yr - ₹8.5 L/yr

View more similar designations

Top trending discussions

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Salary Discussions, Hike & Promotions
1w
a senior executive
GF salary Vs. My salary
Me and my gf have been dating for 5 years. Back in 2020, I started my career with a package of ₹5 LPA. Over the years, I’ve reached ₹22 LPA in 2025. She started her journey with ₹3 LPA(2020) and is now earning ₹8 LPA(2025). We’ve been in a live-in relationship for around 2 years, and the idea was to share expenses equally. But, equal sharing never really happened. If we go to a café she likes, especially with friends, I will pay the entire bill. We only split the house rent and grocery bills. I told her lots of time to cut down these costly cafe expenses or earn more money, increase your package, study and work hard, but.....she is now in her comfort zone. Being from a tech background, I have seen people upgrade their skills and package for a good life in metro cities. I am ready to support her in her studies, but she is like I am earning enough for myself.... No, you are not. I love her, but I don't know how to overcome this issue between us. Please suggest!
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Salary related reviews for Mahindra Rural Housing Finance

3.1

Rated by 34 employees for salary & benefits

Full Time

 · 

Risk Management & Compliance Department

1.0
  •  updated on 01 Apr 2023

3.0
 for  Salary and Benefits

Likes

Nothing at all

Dislikes

...Credit manager is responsible if vendor doesn't submit their bills timely, 😔 Travel allowance is not paid on time, No proper hygiene branches. Overall experience is much bad and not recommended

read more
  • Skill development - Bad
  • +5 more

Full Time

 · 

Customer Success, Service & Operations Department

3.0
  •  updated on 15 Dec 2024

3.0
 for  Salary and Benefits

Likes

...ed us and made us resign and then did not even give us relief, we felt very bad. Despite the salary being very low (21500), we worked honestly for 8 years in Mahindra company. A staff in another company earns this much salary

read more
  • Skill development - Good

Dislikes

The company to which the employee gave 8 years of his life, harassed the employee and made him resign from the job, after which I was asked for early relieving, then even after I mailed for early relieving, I was not given early relieving,If I want, I can seek relief through court case because I have the recording which was spoken by the company's HR and Deepak sir (Business Head).

read more
  • Job security - Poor

Full Time

 · 

Other Department

1.0
  •  updated on 27 Sep 2024

1.0
 for  Salary and Benefits

Likes

Skill development

  • Skill development - Good

Dislikes

I got promoted on Feb 2024 as an area Credit Manager but there is no change in my salary pack and grade. Hence I expected which will rectify after appraisal time but there is no decent salary hike as well as grade change during appraisal. I am continuing with organisation with same grade since joined on June 2022 as a manager grade

read more
  • Salary - Bad
  • +1 more

Full Time

 · 

Sales & Business Development Department

4.0
  •  updated on 03 Oct 2024

3.0
 for  Salary and Benefits

Likes

I like company culture environment co operative senior..

  • Skill development - Good
  • +5 more

Dislikes

I dislike company salary structure compare for new joining against old employee who was complete his above 5 years in company but company not provide as per role benefits.

read more

Full Time

 · 

Other Department

5.0
  •  updated on 17 Jun 2023

3.0
 for  Salary and Benefits

Likes

Even though it is NBFC Work life balance is too good, In credit department all superiors are very supportive and will help you in difficult assignments. Overall work experience is good

read more
  • Skill development - Excellent
  • +5 more

Dislikes

Low salary but good incentive structure and recognise your hard work In some places bad politics

read more
see more salary related reviews

Mahindra Rural Housing Finance Credit Manager Salary FAQs

What is the salary of Credit Manager at Mahindra Rural Housing Finance ?
The average salary of a Credit Manager at Mahindra Rural Housing Finance in India typically ranges from ₹2.0 Lakhs to ₹8.4 Lakhs per year, depending on experience (from 1 year to 10 years).

The top 10% of Credit Manager at Mahindra Rural Housing Finance earn more than ₹6.5 Lakhs per year, and the top 1% earn over ₹9.5 Lakhs per year. Credit Manager Salaries at Mahindra Rural Housing 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 80+ Mahindra Rural Housing Finance employees in India.
What is the estimated take home salary of a Credit Manager at Mahindra Rural Housing Finance in India?
The estimated take-home salary of a Credit Manager at Mahindra Rural Housing Finance in India typically ranges from ₹37,141 to ₹38,349 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹8.4 Lakhs per year for employees with experience ranging from 1 year 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 80+ salaries received from various employees of Mahindra Rural Housing 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 Mahindra Rural Housing Finance ?
To be a Credit Manager at Mahindra Rural Housing Finance in india, the key skills required include:

  • - Credit Underwriting
  • - Credit Appraisal
  • - Policies
  • - Risk Analysis
  • - Credit Management

These skills are highly valued at Mahindra Rural Housing Finance and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than Mahindra Rural Housing Finance for Credit Manager in India?
LIC Housing Finance ₹12.5 Lakhs to ₹30.0 Lakhs per year
Axis Finance ₹4.5 Lakhs to ₹16.0 Lakhs per year
Tata Motors Finance ₹7.1 Lakhs to ₹12.8 Lakhs per year
Tata Capital ₹3.5 Lakhs to ₹13.5 Lakhs per year
Kotak Mahindra Prime ₹3.9 Lakhs to ₹12.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Mahindra Rural Housing Finance, depending on the role and experience level.
What is the salary of a Credit Manager in companies similar to Mahindra Rural Housing Finance in India?
The salary of a Credit Manager at companies similar to Mahindra Rural Housing Finance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

L&T Finance ₹3.2 Lakhs to ₹14.0 Lakhs per year
Poonawalla Fincorp ₹4.2 Lakhs to ₹12.6 Lakhs per year
Aditya Birla Finance ₹4.0 Lakhs to ₹12.0 Lakhs per year
Mahindra Finance ₹2.3 Lakhs to ₹12.7 Lakhs per year
Piramal Capital Housing Finance ₹2.5 Lakhs to ₹10.3 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 Mahindra Rural Housing Finance in India?
The salary growth for a Credit Manager at Mahindra Rural Housing Finance depends on factors such as experience, performance, and promotions. On average, a Credit Manager can expect the following growth trajectory at Mahindra Rural Housing Finance:

Experience Average Salary Range
1 year ₹2.2 Lakhs to ₹5.9 Lakhs per year
2 years ₹2.8 Lakhs to ₹6.0 Lakhs per year
3 years ₹2.0 Lakhs to ₹6.0 Lakhs per year
4 years ₹2.2 Lakhs to ₹5.9 Lakhs per year
and so on.

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Mahindra Rural Housing Finance Credit Manager salary in India ranges between ₹2 Lakhs to ₹8.4 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 88 Mahindra Rural Housing Finance latest salaries received from various employees of Mahindra Rural Housing Finance.