CENTRUM MICROCREDIT Loan Officer Salaries by 10+ Employees

0 - 4 years exp.

₹1.5 Lakh - ₹2.3 Lakhs

Avg. annual salary

Monthly In-hand Salary

37% less than the average Loan Officer Salary in NBFC Companies for 0 - 4 years of experience

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Salaries in different departments

Finance & Accounting Loan Officer Salary 1 - 4 years exp. (4 salaries)	₹1.7 L/yr - ₹2.3 L/yr
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BFSI, Investments & Trading Loan Officer Salary Fresher (AmbitionBox Estimate)	₹1.5 L/yr - ₹1.7 L/yr

Last Updated: 24 Sep 2023

Companies similar to CENTRUM MICROCREDIT for Loan Officer

Company name	Avg Annual Salary	Open Jobs
Sewa Grih Rin Loan Officer Salary 0 - 5 years exp. (31 salaries)	₹1.7 L/yr - ₹3.5 L/yr 48% more
Ujjivan Small Finance Bank Loan Officer Salary 0 - 9 years exp. (352 salaries)	₹1.7 L/yr - ₹4.3 L/yr 77% more	3 job openings
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HDFC Sales Loan Officer Salary 1 - 6 years exp. (246 salaries)	₹1.5 L/yr - ₹4.5 L/yr 72% more	1 job opening
Bharat Financial Inclusion Loan Officer Salary 0 - 4 years exp. (202 salaries)	₹1.2 L/yr - ₹4.5 L/yr 38% more
HDFC Bank Loan Officer Salary 0 - 5 years exp. (107 salaries)	₹1.2 L/yr - ₹5 L/yr 75% more

Loan Officer salary at CENTRUM MICROCREDIT ranges between ₹1.5 Lakh to ₹2.3 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 11 latest salaries received from various employees of CENTRUM MICROCREDIT.

Experience wise CENTRUM MICROCREDIT Loan Officer salaries

Last Updated: 24 Sep 2023

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹1.5 L/yr - ₹1.9 L/yr
1 year (3 salaries)	₹1.5 L/yr - ₹1.7 L/yr
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2 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹2 L/yr
3 years (3 salaries)	₹1.8 L/yr - ₹2.3 L/yr
4 years (AmbitionBox Estimate)	₹1.7 L/yr - ₹2.1 L/yr

Similar Designation salaries in CENTRUM MICROCREDIT

Collection Officer Salary

(AmbitionBox Estimate)

₹1.4 L/yr - ₹1.7 L/yr

Branch Manager Salary

(11 salaries)

₹2.5 L/yr - ₹4.5 L/yr

Relationship Manager Salary

(AmbitionBox Estimate)

₹2.3 L/yr - ₹3 L/yr

Salary related reviews for CENTRUM MICROCREDIT

3.5

Rated by 2 employees for salary & benefits

Assistant Manager/Manager -(Technical) in Mumbai

Full Time

Internal Audit Department

1.0

• posted on 02 May 2021

1.0

for Salary and Benefits

Likes

All the employees are inexprienced, entire top management are fraudual staffs, they are also recruited few fraudual staffs, most of the branches have a huge fraud in house rent, it's a one of the example of fraud by top management

Dislikes

If someone is a fraudual staff , before polishing that staffs, management think about the personal relationships with top management

Salary - Bad

+6 more

Regional Manager in Bhubaneswar

Full Time

Internal Audit Department

1.0

• posted on 01 Apr 2021

1.0

for Salary and Benefits

Likes

Job not secure, portfolio is very less, as well as staff fraud is very high. Also senior manager are not the professional, Audit head also a Medicine sales person who don't have the audit knowledge.

Dislikes

Due to a darty politics. Professional and experienced people's exposure are very less

Salary - Bad

+6 more

Branch Manager in Navi Mumbai

Sales Department

3.0

• posted on 26 Jan 2020

3.0

for Salary and Benefits

Likes

Nothing

Dislikes

Very pathetic 10 months experience in all my 7 yrs working journey. No involvement of HR, Audit and compliance in any matter of sales department. If seniors thinks they want to make out anyone they just do that without referring the matter to HR or Audit. And HR's are just blind folded. No corporate culture at all. Just everyone believes he is the owner of the company. Rules and procedure are changing every forthnight. No stable procedure at all.

Skill development - Poor

+4 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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CENTRUM MICROCREDIT Loan Officer Salary FAQs

What is the salary of Loan Officer at CENTRUM MICROCREDIT ?

The average salary of a Loan Officer at CENTRUM MICROCREDIT in India typically ranges from ₹1.5 Lakhs to ₹2.3 Lakhs per year, depending on experience (from Fresher to 4 years).

The top 10% of Loan Officer at CENTRUM MICROCREDIT earn more than ₹2.3 Lakhs per year, and the top 1% earn over ₹2.3 Lakhs per year. Loan Officer Salaries at CENTRUM MICROCREDIT 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+ CENTRUM MICROCREDIT employees in India.

What is the estimated take home salary of a Loan Officer at CENTRUM MICROCREDIT in India?

The estimated take-home salary of a Loan Officer at CENTRUM MICROCREDIT in India typically ranges from ₹11,896 to ₹13,195 per month. This is based on the average salary range of ₹1.5 Lakhs to ₹2.3 Lakhs per year for employees with experience ranging from Fresher to 4 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 CENTRUM MICROCREDIT. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than CENTRUM MICROCREDIT for Loan Officer in India?

Ujjivan Small Finance Bank	₹1.7 Lakhs to ₹4.3 Lakhs per year
HDFC Bank	₹1.2 Lakhs to ₹5.0 Lakhs per year
HDFC Sales	₹1.5 Lakhs to ₹4.5 Lakhs per year
Sewa Grih Rin	₹1.7 Lakhs to ₹3.5 Lakhs per year
Bharat Financial Inclusion	₹1.2 Lakhs to ₹4.5 Lakhs per year

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

How the salary growth look like for a Loan Officer at CENTRUM MICROCREDIT in India?

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

Experience	Average Salary Range
Fresher	₹1.5 Lakhs to ₹1.9 Lakhs per year
1 year	₹1.5 Lakhs to ₹1.7 Lakhs per year
2 years	₹1.6 Lakhs to ₹2.0 Lakhs per year
3 years	₹1.8 Lakhs to ₹2.3 Lakhs per year

and so on.

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CENTRUM MICROCREDIT Loan Officer Salaries

CENTRUM MICROCREDIT Loan Officer salary in India ranges between ₹1.5 Lakh to ₹2.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 11 CENTRUM MICROCREDIT latest salaries received from various employees of CENTRUM MICROCREDIT.