Axis Bank Chennai Loan Officer Salaries by 4 Employees

1 - 5 years exp.

₹2.1 Lakhs - ₹2.2 Lakhs

Salary of majority employees

26% less than the average Loan Officer Salary in Banking Companies for 1 - 5 years of experience

Interested in this particular role? 3 job openings

Last Updated: 1 Mar 2024

Companies similar to Axis Bank for Loan Officer in Chennai

Axis Bank Loan Officer Salary

1 - 5 years exp. (4 salaries)

₹2.1 L/yr - ₹2.2 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Loan Officer Salary 0 - 4 years exp. (6 salaries)	₹1.2 L/yr - ₹2.9 L/yr 32% more
ICICI Bank Loan Officer Salary 1 - 7 years exp. (4 salaries)	₹1.8 L/yr - ₹4 L/yr 29% more
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HDFC Sales Loan Officer Salary 1 - 6 years exp. (35 salaries)	₹1.6 L/yr - ₹3.5 L/yr 28% more
Ujjivan Small Finance Bank Loan Officer Salary 1 - 7 years exp. (17 salaries)	₹2.1 L/yr - ₹3.1 L/yr 36% more	3 job openings
Kinara Capital Loan Officer Salary 0 - 4 years exp. (4 salaries)	₹2.2 L/yr - ₹3.5 L/yr 28% more

Loan Officer salary at Axis Bank ranges between ₹2.1 Lakhs to ₹2.2 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 Axis Bank.

Experience wise Axis Bank Loan Officer salaries in Chennai

Last Updated: 1 Mar 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹0.8 L/yr - ₹2.2 L/yr
2 years (AmbitionBox Estimate)	₹0.9 L/yr - ₹2.2 L/yr
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3 years (AmbitionBox Estimate)	₹2 L/yr - ₹2.5 L/yr
4 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹4.1 L/yr
5 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹4.1 L/yr

Similar Designation salaries in Axis Bank

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Sales Manager Salary

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Sales Officer Salary

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Team Lead Salary

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Senior Sales Officer Salary

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Top skills at Axis Bank for Loan Officer

Business Development Direct Sales Banking Sales Field Sales Home Loans Auto Loans Microfinance iprocess Credit Cards Insurance housing finance Lap Business Loan Home Loans Personal Loans

Salary related reviews for Axis Bank

Deputy Manager in Bangalore / Bengaluru (working remotely)

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 24 Jan 2025

3.0

for Salary and Benefits

Likes

Skill development compared to other bank axis provide good learnings

Job security - Good

Dislikes

Axis gives less salary compared to other bank and also high work pressure and high pressure to cross sell and make employees to run behind the customer and its make Customer to get irritated

Work satisfaction - Poor

+2 more

Deputy Manager in Lucknow

Full Time

Legal & Regulatory Department

2.0

• posted on 11 Dec 2024

1.0

for Salary and Benefits

Likes

The team is good and if you want to learn on your own

Job security - Excellent

Dislikes

Location placement is not good Culture is not good as well Salary is the worst as compared to other national banks Overall learning is not that great No training facilities

Salary - Bad

+3 more

Deputy Manager in Kolkata

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 21 Nov 2024

5.0

for Salary and Benefits

Likes

Salary on time. Descent salary package they provide compare to other companies.

Salary - Excellent

Dislikes

No work life balance. Unlimited pressure on tpp products. Huge mental pressure. Worst work culture. Huge partiality within employees. No team work.

Work satisfaction - Poor

+2 more

Deputy Manager in Noida

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 02 Nov 2024

2.0

for Salary and Benefits

Likes

Job certainty, less pressure of work as compared to other bank.

Job security - Good

Dislikes

Out dated Process of work, no training for new joiners, less salary package as compared to other company, lack of communication before application of new process, no leave encashment

Salary - Poor

+3 more

Sales Officer in Kollam (working remotely)

Full Time

Sales & Business Development Department

1.0

• posted on 08 Oct 2024

1.0

for Salary and Benefits

Likes

I'm very disappointed with my experience at Axis Bank. The work culture feels overly pressurized, and I find the numerous account charges frustrating. It seems like there are fees for every little thing, which adds to my dissatisfaction. Overall, I do not appreciate the environment or the practices at Axis Bank.

Dislikes

... to such pressure, especially during peak login times. I hate this bank forever. I’ve been facing significant financial strain due to my salary being consistently low at 7,000 to 8,000 for the past 10 months. The bank has deducted amounts for parental insurance without proper communication, and this has caused me a lot of hardship.

Salary - Bad

+6 more

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Axis Bank Loan Officer Salary FAQs

What is the salary of Loan Officer at Axis Bank in Chennai?

The average salary of a Loan Officer at Axis Bank in Chennai typically ranges from ₹2.1 Lakhs to ₹2.2 Lakhs per year, depending on experience (from 1 year to 5 years).

The top 10% of Loan Officer in Chennai at Axis Bank earn more than ₹2.2 Lakhs per year, and the top 1% earn over ₹2.2 Lakhs per year. Loan Officer Salaries at Axis Bank 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 Axis Bank employees in India.

What is the estimated take home salary of a Loan Officer at Axis Bank in Chennai?

The estimated take-home salary of a Loan Officer at Axis Bank in Chennai typically ranges from ₹15,114 to ₹16,691 per month. This is based on the average salary range of ₹2.1 Lakhs to ₹2.2 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 Axis Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Loan Officer at Axis Bank in Chennai?

To be a Loan Officer at Axis Bank in Chennai, the key skills required include:

- Business Development
- Direct Sales
- Banking Sales
- Field Sales
- Home Loans

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

Which companies offer higher salaries than Axis Bank for Loan Officer in India?

Ujjivan Small Finance Bank	₹2.1 Lakhs to ₹3.1 Lakhs per year
HDFC Bank	₹1.2 Lakhs to ₹2.9 Lakhs per year
ICICI Bank	₹1.8 Lakhs to ₹4.0 Lakhs per year
Kinara Capital	₹2.2 Lakhs to ₹3.5 Lakhs per year
HDFC Sales	₹1.6 Lakhs to ₹3.5 Lakhs per year

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

How the salary growth look like for a Loan Officer at Axis Bank in Chennai?

The salary growth for a Loan Officer at Axis Bank in Chennai depends on factors such as experience, performance, and promotions. On average, a Loan Officer in Chennai can expect the following growth trajectory at Axis Bank:

Experience	Average Salary Range
1 year	₹0.8 Lakhs to ₹2.2 Lakhs per year
2 years	₹0.9 Lakhs to ₹2.2 Lakhs per year
3 years	₹2.0 Lakhs to ₹2.5 Lakhs per year
4 years	₹2.2 Lakhs to ₹4.1 Lakhs per year

and so on.

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Axis Bank Loan Officer Salaries in Chennai

Axis Bank Loan Officer salary in Chennai ranges between ₹2.1 Lakhs to ₹2.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Axis Bank latest salaries received from various employees of Axis Bank.