CENTRUM MICROCREDIT Mumbai Loan Officer Salaries by 7 Employees

0 - 4 years exp.

₹1.5 Lakh - ₹2 Lakhs

Avg. annual salary

Monthly In-hand Salary

41% 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. (AmbitionBox Estimate)	₹1.7 L/yr - ₹2 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 in Mumbai

CENTRUM MICROCREDIT Loan Officer Salary

0 - 4 years exp. (7 salaries)

₹1.5 L/yr - ₹2 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Sales Loan Officer Salary 1 - 7 years exp. (36 salaries)	₹1.8 L/yr - ₹3.5 L/yr 67% more	1 job opening
Ujjivan Small Finance Bank Loan Officer Salary 0 - 7 years exp. (20 salaries)	₹1.9 L/yr - ₹4 L/yr 79% more	2 job openings
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HDFC Bank Loan Officer Salary 1 - 6 years exp. (11 salaries)	₹1.7 L/yr - ₹4 L/yr 88% more
TJSB Sahakari Bank Loan Officer Salary 4 - 9 years exp. (8 salaries)	₹3.8 L/yr - ₹5.2 L/yr 179% more
Credit Agricole Corporate and Investment Bank Loan Officer Salary 3 - 8 years exp. (7 salaries)	₹5 L/yr - ₹9 L/yr 345% more

Loan Officer salary at CENTRUM MICROCREDIT ranges between ₹1.5 Lakh to ₹2 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 7 latest salaries received from various employees of CENTRUM MICROCREDIT.

Experience wise CENTRUM MICROCREDIT Loan Officer salaries in Mumbai

Last Updated: 24 Sep 2023

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹1.4 L/yr - ₹1.9 L/yr
1 year (AmbitionBox Estimate)	₹1.5 L/yr - ₹1.9 L/yr
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2 years (AmbitionBox Estimate)	₹1.5 L/yr - ₹2 L/yr
3 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹2 L/yr
4 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹2.1 L/yr

Similar Designation salaries in CENTRUM MICROCREDIT

Branch Manager Salary

(7 salaries)

₹3.51 L/yr - ₹4.5 L/yr

Salary related reviews for CENTRUM MICROCREDIT

5.0

Rated by 1 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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1w (edited)

an inside sales executive

Unexpected job policies: stay or switch?

I recently switched jobs with a 48% hike, and my current in-hand salary is ₹35K. But after joining, I realized a few important things that weren’t mentioned during the interview. 1. No Phones or Bags Allowed – We have to keep them in lockers, which I wasn’t informed about before joining. 2. Working Saturdays – HR said all Saturdays are working but assured that one Saturday off per month would be introduced soon. I can't see that happening anytime soon 3. Phone Policy Confusion – When I asked HR why this wasn’t discussed earlier, they said it’s only for two months and won’t be the case at the new location (which was discussed earlier). But some old employees say the same rule applies there too. 4. Leaves – We get 21 paid leaves a year. I’m already thinking of switching. Would it be too soon to leave within 3 months, or should I stay for at least 6 months? Also, since I just got a good hike, how much can I ask for in my next job?

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CENTRUM MICROCREDIT Loan Officer Salary FAQs

What is the salary of Loan Officer at CENTRUM MICROCREDIT in Mumbai?

The average salary of a Loan Officer at CENTRUM MICROCREDIT in Mumbai typically ranges from ₹1.5 Lakhs to ₹2.0 Lakhs per year, depending on experience (from Fresher to 4 years).

The top 10% of Loan Officer in Mumbai at CENTRUM MICROCREDIT earn more than ₹2.0 Lakhs per year, and the top 1% earn over ₹2.0 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 7 CENTRUM MICROCREDIT employees in India.

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

The estimated take-home salary of a Loan Officer at CENTRUM MICROCREDIT in Mumbai typically ranges from ₹11,708 to ₹12,991 per month. This is based on the average salary range of ₹1.5 Lakhs to ₹2.0 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 7 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?

Credit Agricole Corporate and Investment Bank	₹5.0 Lakhs to ₹9.0 Lakhs per year
TJSB Sahakari Bank	₹3.8 Lakhs to ₹5.2 Lakhs per year
HDFC Bank	₹1.7 Lakhs to ₹4.0 Lakhs per year
Ujjivan Small Finance Bank	₹1.9 Lakhs to ₹4.0 Lakhs per year
HDFC Sales	₹1.8 Lakhs to ₹3.5 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 Mumbai?

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

Experience	Average Salary Range
Fresher	₹1.4 Lakhs to ₹1.9 Lakhs per year
1 year	₹1.5 Lakhs to ₹1.9 Lakhs per year
2 years	₹1.5 Lakhs to ₹2.0 Lakhs per year
3 years	₹1.6 Lakhs to ₹2.0 Lakhs per year

and so on.

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CENTRUM MICROCREDIT Loan Officer Salaries in Mumbai

CENTRUM MICROCREDIT Loan Officer salary in Mumbai ranges between ₹1.5 Lakh to ₹2 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 CENTRUM MICROCREDIT latest salaries received from various employees of CENTRUM MICROCREDIT.