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SMFG India Credit Cluster Credit Manager salaries in India (Updated 2025)

Annual salary range
7 - 13 years exp.
₹4.6 Lakhs - ₹18.5 Lakhs
Salary of majority employees
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At par with the average Cluster Credit Manager Salary in NBFC Companies for 7 - 13 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Cluster Credit Manager Salary
7 - 13 years exp. (23 salaries)
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₹4.6 L/yr - ₹17 L/yr

Finance & Accounting
Cluster Credit Manager Salary
7 - 13 years exp. (17 salaries)
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₹5.1 L/yr - ₹18.5 L/yr

Risk Management & Compliance
Cluster Credit Manager Salary
10 - 13 years exp. (4 salaries)
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₹11.1 L/yr - ₹17.7 L/yr

Last Updated: 1 Jan 2025

Companies similar to SMFG India Credit for Cluster Credit Manager

Company name Avg Annual Salary Open Jobs
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IIFL SAMASTA Cluster Credit Manager Salary

6 - 11 years exp. (49 salaries)

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₹5.5 L/yr - ₹13.3 L/yr

arrow icon 16% less
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₹11.9 L/yr - ₹24 L/yr

arrow icon 82% more
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Annapurna Finance Cluster Credit Manager Salary

6 - 17 years exp. (31 salaries)

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₹4 L/yr - ₹16 L/yr

arrow icon 10% less
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Bajaj Finance Cluster Credit Manager Salary

4 - 18 years exp. (19 salaries)

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₹12.3 L/yr - ₹23 L/yr

arrow icon 66% more
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₹5 L/yr - ₹7.9 L/yr

arrow icon 38% less
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₹8.4 L/yr - ₹11.5 L/yr

arrow icon 5% less
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₹4.8 L/yr - ₹14 L/yr

arrow icon 15% less
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Veritas Finance Cluster Credit Manager Salary

6 - 15 years exp. (6 salaries)

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₹4.3 L/yr - ₹9.8 L/yr

arrow icon 9% less
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IIFL Finance Cluster Credit Manager Salary

4 - 12 years exp. (4 salaries)

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₹6 L/yr - ₹8.2 L/yr

arrow icon 34% less
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₹5 L/yr - ₹9 L/yr

arrow icon 35% less
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Aye Finance Cluster Credit Manager Salary

5 - 11 years exp. (4 salaries)

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₹4.9 L/yr - ₹8.1 L/yr

arrow icon 27% less
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₹4.3 L/yr - ₹7.9 L/yr

arrow icon 52% less
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₹10 L/yr - ₹14.5 L/yr

arrow icon 17% more
Cluster Credit Manager salary at SMFG India Credit ranges between ₹4.6 Lakhs to ₹18.5 Lakhs per year for employees with experience between 7 years to 13 years. Salary estimates are based on 53 latest salaries received from various employees of SMFG India Credit.

Latest annual salaries shared by SMFG India Credit Cluster Credit Manager

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11 years exp.
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11 years exp.
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7 years exp.

Experience wise SMFG India Credit Cluster Credit Manager salaries

Last Updated: 1 Jan 2025

Experience Avg Annual Salary
7 years  (5 salaries)

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₹4.6 L/yr - ₹14 L/yr
8 years  (9 salaries)

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₹5 L/yr - ₹14 L/yr
9 years  (6 salaries)

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₹5 L/yr - ₹14.5 L/yr
10 years  (12 salaries)

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₹6.1 L/yr - ₹17.7 L/yr
11 years  (6 salaries)

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₹7.2 L/yr - ₹18.5 L/yr
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Similar Designation salaries in SMFG India Credit

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₹6 L/yr - ₹23.73 L/yr
Deputy Credit Manager Salary
(AmbitionBox Estimate)
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₹5.9 L/yr - ₹7.5 L/yr
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₹1.85 L/yr - ₹9.25 L/yr
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₹28.8 L/yr - ₹38.2 L/yr
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₹2.2 L/yr - ₹3 L/yr
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₹21 L/yr - ₹40 L/yr
Credit Manager Salary
(345 salaries)
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₹2.35 L/yr - ₹11.1 L/yr
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₹1.43 L/yr - ₹3 L/yr
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₹2.4 L/yr - ₹6.25 L/yr
Chief Manager Salary
(AmbitionBox Estimate)
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₹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

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

read more
  • Salary - Excellent
  • +6 more

Dislikes

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

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.

read more
  • Salary - Excellent
  • +4 more

Dislikes

Learning & Development, Next Level (Promotion).

  • Skill development - Poor
  • +1 more

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.

read more

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.

read more
  • Salary - Excellent
  • +4 more

Dislikes

Poor customer service &high interest rate

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.

read more
  • Skill development - Bad
  • +1 more
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SMFG India Credit Cluster Credit Manager Salary FAQs

What is the salary of Cluster Credit Manager at SMFG India Credit ?
The average salary of a Cluster Credit Manager at SMFG India Credit in India typically ranges from ₹4.6 Lakhs to ₹18.5 Lakhs per year, depending on experience (from 7 years to 13 years).

The top 10% of Cluster Credit Manager at SMFG India Credit earn more than ₹17.0 Lakhs per year, and the top 1% earn over ₹18.5 Lakhs per year. Cluster Credit Manager Salaries at SMFG India Credit 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 50+ SMFG India Credit employees in India.
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 in India typically ranges from ₹74,722 to ₹76,655 per month. This is based on the average salary range of ₹4.6 Lakhs to ₹18.5 Lakhs per year for employees with experience ranging from 7 years to 13 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 50+ salaries received from various employees of SMFG India Credit. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Cluster Credit Manager at SMFG India Credit ?
To be a Cluster Credit Manager at SMFG India Credit in india, the key skills required include:

  • - Credit Underwriting
  • - Team Handling
  • - Credit Management
  • - Personal Loans
  • - Underwriting

These skills are highly valued at SMFG India Credit and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than SMFG India Credit for Cluster Credit Manager in India?
HDB Financial Services ₹11.9 Lakhs to ₹24.0 Lakhs per year
Bajaj Finance ₹12.3 Lakhs to ₹23.0 Lakhs per year
Asirvad Microfinance ₹10.0 Lakhs to ₹14.5 Lakhs per year

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

SK Finance Limited ₹8.4 Lakhs to ₹11.5 Lakhs per year
Veritas Finance ₹4.3 Lakhs to ₹9.8 Lakhs per year
Annapurna Finance ₹4.0 Lakhs to ₹16.0 Lakhs per year
Mahindra Finance ₹4.8 Lakhs to ₹14.0 Lakhs per year
IIFL SAMASTA ₹5.5 Lakhs to ₹13.3 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 Cluster Credit Manager at SMFG India Credit in India?
The salary growth for a Cluster Credit Manager at SMFG India Credit depends on factors such as experience, performance, and promotions. On average, a Cluster Credit Manager can expect the following growth trajectory at SMFG India Credit:

Experience Average Salary Range
7 years ₹4.6 Lakhs to ₹14.0 Lakhs per year
8 years ₹5.0 Lakhs to ₹14.0 Lakhs per year
9 years ₹5.0 Lakhs to ₹14.5 Lakhs per year
10 years ₹6.1 Lakhs to ₹17.7 Lakhs per year
and so on.

Tell us how to improve this page.

SMFG India Credit Cluster Credit Manager salary in India ranges between ₹4.6 Lakhs to ₹18.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 53 SMFG India Credit latest salaries received from various employees of SMFG India Credit.