SMFG India Credit Cluster Credit Manager Salaries by 70+ Employees (Updated 2025)

3 - 15 years exp.

₹4.3 Lakhs - ₹17 Lakhs

Salary of majority employees

At par with the average Cluster Credit Manager Salary in NBFC Companies for 3 - 15 years of experience

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Salaries in different departments

BFSI, Investments & Trading Cluster Credit Manager Salary 3 - 15 years exp. (35 salaries)	₹4.6 L/yr - ₹17 L/yr
Finance & Accounting Cluster Credit Manager Salary 5 - 13 years exp. (21 salaries)	₹4.3 L/yr - ₹18.1 L/yr
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Risk Management & Compliance Cluster Credit Manager Salary 6 - 13 years exp. (5 salaries)	₹5.1 L/yr - ₹17.7 L/yr
Customer Success, Service & Operations Cluster Credit Manager Salary 3 - 7 years exp. (AmbitionBox Estimate)	₹5.1 L/yr - ₹10.1 L/yr

Last Updated: 1 Jan 2025

Companies similar to SMFG India Credit for Cluster Credit Manager

Company name	Avg Annual Salary	Open Jobs
Bajaj Finance Cluster Credit Manager Salary 4 - 18 years exp. (17 salaries)	₹12.3 L/yr - ₹22 L/yr 70% more
HDFC Bank Cluster Credit Manager Salary 1 - 7 years exp. (5 salaries)	₹3.6 L/yr - ₹9.8 L/yr 33% less
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ICICI Bank Cluster Credit Manager Salary 3 - 8 years exp. (3 salaries)	₹7.3 L/yr - ₹11.5 L/yr 2% less
Tata Capital Cluster Credit Manager Salary 4 - 21 years exp. (6 salaries)	₹10.7 L/yr - ₹17 L/yr 46% more
Mahindra Finance Cluster Credit Manager Salary 8 - 10 years exp. (6 salaries)	₹4.8 L/yr - ₹14 L/yr 10% less
Edelweiss Cluster Credit Manager Salary 3 - 6 years exp. (9 salaries)	₹10 L/yr - ₹14.3 L/yr 29% more
IIFL SAMASTA Cluster Credit Manager Salary 6 - 13 years exp. (48 salaries)	₹5.5 L/yr - ₹13.3 L/yr 9% less
HDB Financial Services Cluster Credit Manager Salary 13 - 20 years exp. (40 salaries)	₹11.9 L/yr - ₹24 L/yr 93% more
Annapurna Finance Cluster Credit Manager Salary 4 - 17 years exp. (30 salaries)	₹4.5 L/yr - ₹15.5 L/yr 11% less
Manappuram Finance Cluster Credit Manager Salary 6 - 14 years exp. (8 salaries)	₹5 L/yr - ₹7.9 L/yr 34% less
SK Finance Limited Cluster Credit Manager Salary 9 - 16 years exp. (7 salaries)	₹8.4 L/yr - ₹11.5 L/yr 1% more
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IIFL Finance Cluster Credit Manager Salary 4 - 12 years exp. (4 salaries)	₹6 L/yr - ₹8.2 L/yr 30% less
Satin Creditcare Network Cluster Credit Manager Salary 5 - 9 years exp. (4 salaries)	₹5 L/yr - ₹9 L/yr 31% less
Aye Finance Cluster Credit Manager Salary 5 - 11 years exp. (4 salaries)	₹4.9 L/yr - ₹8.5 L/yr 21% less
Bharat Financial Inclusion Cluster Credit Manager Salary 5 - 6 years exp. (3 salaries)	₹4.3 L/yr - ₹7.9 L/yr 49% less

Cluster Credit Manager salary at SMFG India Credit ranges between ₹4.3 Lakhs to ₹17 Lakhs per year for employees with experience between 3 years to 15 years. Salary estimates are based on 78 latest salaries received from various employees of SMFG India Credit.

Experience wise SMFG India Credit Cluster Credit Manager salaries

Last Updated: 1 Jan 2025

Experience	Avg Annual Salary
3 years (4 salaries)	₹5.1 L/yr - ₹16.2 L/yr
4 years (3 salaries)	₹5.4 L/yr - ₹16.5 L/yr
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5 years (3 salaries)	₹5 L/yr - ₹10 L/yr
6 years (6 salaries)	₹4.5 L/yr - ₹16.9 L/yr
7 years (6 salaries)	₹4.6 L/yr - ₹14 L/yr
8 years (12 salaries)	₹4.3 L/yr - ₹14 L/yr
9 years (6 salaries)	₹5 L/yr - ₹14.5 L/yr
10 years (12 salaries)	₹6.1 L/yr - ₹17.7 L/yr
11 years (6 salaries)	₹7.2 L/yr - ₹18.1 L/yr
12 years (10 salaries)	₹5.3 L/yr - ₹13 L/yr
13 years (5 salaries)	₹7.9 L/yr - ₹17 L/yr
14 years (AmbitionBox Estimate)	₹6.7 L/yr - ₹15.2 L/yr
15+ years (3 salaries)	₹6 L/yr - ₹16.2 L/yr

View all

Similar Designation salaries in SMFG India Credit

Area Credit Manager Salary

(41 salaries)

₹6 L/yr - ₹23.73 L/yr

Deputy Credit Manager Salary

(AmbitionBox Estimate)

₹5.9 L/yr - ₹7.5 L/yr

Branch Credit Manager Salary

(240 salaries)

₹2 L/yr - ₹9.25 L/yr

Zonal Credit Manager Salary

(3 salaries)

₹28.8 L/yr - ₹38.2 L/yr

Assistant Credit Manager Salary

(4 salaries)

₹2.2 L/yr - ₹3 L/yr

Regional Credit Manager Salary

(14 salaries)

₹21 L/yr - ₹40 L/yr

Credit Manager Salary

(341 salaries)

₹2.35 L/yr - ₹11.19 L/yr

Senior Credit Officer Salary

(11 salaries)

₹1.43 L/yr - ₹3 L/yr

Relationship Manager Salary

(338 salaries)

₹2.35 L/yr - ₹6.6 L/yr

Chief Manager Salary

(AmbitionBox Estimate)

₹18 L/yr - ₹23 L/yr

Top skills at SMFG India Credit for Cluster Credit Manager

Credit Underwriting Team Handling Credit Management Personal Loans Underwriting Risk Management Financial Management Business Loan Portfolio Management Credit Processing Credit Policy Underwriting Business Management

Salary related reviews for SMFG India Credit

4.1

Rated by 10 employees for salary & benefits

Sales Manager in Kadapa

Full Time

Sales & Business Development Department

5.0

• posted on 22 Mar 2024

5.0

for Salary and Benefits

Likes

I'm happy to work with SMFG company this company is excellent for every employee good salary very good incentives and also good growth 📈 working here thanks to big opportunity for me SMFG india credit

Salary - Excellent

+6 more

Dislikes

Nothing dislike this company it's a very good company more than other NBFC companies

Officer in Mumbai

Full Time

Customer Success, Service & Operations Department

5.0

• posted on 24 Mar 2023

5.0

for Salary and Benefits

Likes

I am very happy from this this company People Management, Working Pattern, Salary & Perks, Work Life Balance except other things like Learning & Development, Motivational Thoughts.

Salary - Excellent

+4 more

Dislikes

Learning & Development, Next Level (Promotion).

Skill development - Poor

+1 more

Sales Manager in Chhindwara

Full Time

Sales & Business Development Department

5.0

• posted on 04 Mar 2023

3.0

for Salary and Benefits

Likes

There are many products here from which we get a lot of knowledge

Skill development - Excellent

+5 more

Dislikes

The salary that should have been received according to the work was not known! When the full salary was not received even after completing the achievement goal.

Sales Manager in Jorhat

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 31 May 2022

5.0

for Salary and Benefits

Likes

...'s worst to selling product due to high interest rate and poor customer service. Other hand, Employees are getting good salary and other benefits.

Salary - Excellent

+4 more

Dislikes

Poor customer service &high interest rate

Sales Manager in Hyderabad / Secunderabad

Full Time

Sales & Business Development Department

3.0

• posted on 16 Sep 2023

4.0

for Salary and Benefits

Likes

Nice company.work condition is good. Get good insentive. Hear work and family can manage easily time manage.

Salary - Good

+2 more

Dislikes

...policy. Company hold the old staff. they can't support new join . No pramotions. They not pay TA DA expenses properly.

Skill development - Bad

+1 more

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Salary Discussions, Hike & Promotions

Hi All, During a job opportunity, when the recruiter asked for my expected CTC, I mentioned 12 LPA, as my previous job's fixed salary was 7.8 LPA. Now, I’ve been shortlisted for the Product Designer role and have learned from some sources that their maximum budget is 14 LPA. How should I approach the negotiation? Would it be reasonable to ask for 14 LPA, considering I initially stated my expectation as 12 LPA? The job is based in Gurgaon, and I have 4.5 years of experience. Looking forward to your advice!

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SMFG India Credit Cluster Credit Manager Salary FAQs

What is the salary of Cluster Credit Manager at SMFG India Credit?

Cluster Credit Manager salary at SMFG India Credit in India ranges between ₹4.3 Lakhs to ₹17.0 Lakhs for experience between 3 years to 15 years. According to our estimates it is 2% less than the average Cluster Credit Manager Salary in India. Salary estimates are based on 78 latest salaries received from various employees of SMFG India Credit India.

How does the salary of a Cluster Credit Manager at SMFG India Credit India compare with the average salary range for this job?

The average salary of a Cluster Credit Manager at SMFG India Credit is 2% less than the average salary of a Cluster Credit Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Cluster Credit Manager at SMFG India Credit?

Credit Underwriting, Team Handling, Credit Management, Personal Loans and Underwriting are some of the popular skills required to work as a Cluster Credit Manager at SMFG India Credit India.

Which similar companies are paying more than SMFG India Credit to a Cluster Credit Manager in India?

HDB Financial Services Cluster Credit Manager Salary - ₹11.9 Lakhs to ₹24.0 Lakhs per year
Bajaj Finance Cluster Credit Manager Salary - ₹12.3 Lakhs to ₹22.0 Lakhs per year
Tata Capital Cluster Credit Manager Salary - ₹10.7 Lakhs to ₹17.0 Lakhs per year
Edelweiss Cluster Credit Manager Salary - ₹10.0 Lakhs to ₹14.3 Lakhs per year
SK Finance Limited Cluster Credit Manager Salary - ₹8.4 Lakhs to ₹11.5 Lakhs per year

What is the salary of a Cluster Credit Manager in companies similar to SMFG India Credit in India?

ICICI Bank Cluster Credit Manager Salary - ₹7.3 Lakhs to ₹11.5 Lakhs per year
IIFL SAMASTA Cluster Credit Manager Salary - ₹5.5 Lakhs to ₹13.3 Lakhs per year
Mahindra Finance Cluster Credit Manager Salary - ₹4.8 Lakhs to ₹14.0 Lakhs per year
Annapurna Finance Cluster Credit Manager Salary - ₹4.5 Lakhs to ₹15.5 Lakhs per year
Aye Finance Cluster Credit Manager Salary - ₹4.9 Lakhs to ₹8.5 Lakhs per year

What is the estimated take home salary of a Cluster Credit Manager at SMFG India Credit in India?

The estimated take-home salary of a Cluster Credit Manager at SMFG India Credit ranges between ₹70,834 per month to ₹72,657 per month in India. The take-home salary calculation is based on the average SMFG India Credit Cluster Credit Manager salary in India which ranges between ₹4.3 Lakhs to ₹17.0 Lakhs per year for employees with experience between 3 years to 15 years. Check how did we calculate take home salary?

What is the notice period for Cluster Credit Manager at SMFG India Credit?

According to AmbitionBox, 91% of the SMFG India Credit Cluster Credit Managers reported a notice period of 3 Months, 6% reported a notice period of More than 3 months and the remaining reported other notice period durations. This is based on 32 responses on AmbitionBox in last 2 years.

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SMFG India Credit Cluster Credit Manager Salaries

SMFG India Credit Cluster Credit Manager salary in India ranges between ₹4.3 Lakhs to ₹17 Lakhs with an average annual salary of ₹. Salary estimates are based on 78 SMFG India Credit latest salaries received from various employees of SMFG India Credit.