SMFG India Credit New Delhi Cluster Credit Manager Salaries by 5 Employees (Updated 2025)

8 - 11 years exp.

₹6.1 Lakhs - ₹17.7 Lakhs

Avg. annual salary

Monthly In-hand Salary

47% more than the average Cluster Credit Manager Salary in NBFC Companies for 8 - 11 years of experience

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Salaries in different departments

BFSI, Investments & Trading Cluster Credit Manager Salary 10 - 11 years exp. (3 salaries)	₹6.1 L/yr - ₹17 L/yr
Finance & Accounting Cluster Credit Manager Salary 8 years exp. (AmbitionBox Estimate)	₹12 L/yr - ₹15.5 L/yr
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Risk Management & Compliance Cluster Credit Manager Salary 10 years exp. (AmbitionBox Estimate)	₹15 L/yr - ₹17.7 L/yr

Last Updated: 1 Jan 2025

Companies similar to SMFG India Credit for Cluster Credit Manager in New Delhi

SMFG India Credit Cluster Credit Manager Salary

8 - 11 years exp. (5 salaries)

₹6.1 L/yr - ₹17.7 L/yr

Company name	Avg Annual Salary	Open Jobs
Bajaj Finance Cluster Credit Manager Salary 5 - 16 years exp. (7 salaries)	₹13.8 L/yr - ₹20.3 L/yr 29% more
HDB Financial Services Cluster Credit Manager Salary 13 - 18 years exp. (5 salaries)	₹15.5 L/yr - ₹22.5 L/yr 33% more
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Hinduja Housing Finance Cluster Credit Manager Salary 1 - 12 years exp. (49 salaries)	₹3.5 L/yr - ₹9 L/yr 58% less	4 job openings
AU Small Finance Bank Cluster Credit Manager Salary 6 - 12 years exp. (15 salaries)	₹8.8 L/yr - ₹20 L/yr 12% more
Ujjivan Small Finance Bank Cluster Credit Manager Salary 5 - 10 years exp. (12 salaries)	₹5.6 L/yr - ₹12.2 L/yr 32% less

Cluster Credit Manager salary at SMFG India Credit ranges between ₹6.1 Lakhs to ₹17.7 Lakhs per year for employees with experience between 8 years to 11 years. Salary estimates are based on 5 latest salaries received from various employees of SMFG India Credit.

Experience wise SMFG India Credit Cluster Credit Manager salaries in New Delhi

Last Updated: 1 Jan 2025

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹13 L/yr - ₹16.6 L/yr
9 years (AmbitionBox Estimate)	₹13.1 L/yr - ₹16.8 L/yr
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10 years (3 salaries)	₹6.1 L/yr - ₹17.7 L/yr
11 years (AmbitionBox Estimate)	₹13.3 L/yr - ₹17 L/yr

Similar Designation salaries in SMFG India Credit

Credit Manager Salary

(64 salaries)

₹2.8 L/yr - ₹11.12 L/yr

Relationship Manager Salary

(21 salaries)

₹2.81 L/yr - ₹6.25 L/yr

Branch Credit Manager Salary

(16 salaries)

₹3.5 L/yr - ₹8.8 L/yr

Area Credit Manager Salary

(9 salaries)

₹10 L/yr - ₹23.73 L/yr

Regional Credit Manager Salary

(4 salaries)

₹23 L/yr - ₹40 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

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• posted on 22 Mar 2024

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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

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Dislikes

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

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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

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• posted on 04 Mar 2023

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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.

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Full Time

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

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Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

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SMFG India Credit Cluster Credit Manager Salary FAQs

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

The average salary of a Cluster Credit Manager at SMFG India Credit in New Delhi typically ranges from ₹6.1 Lakhs to ₹17.7 Lakhs per year, depending on experience (from 8 years to 11 years).

The top 10% of Cluster Credit Manager in New Delhi at SMFG India Credit earn more than ₹17.7 Lakhs per year, and the top 1% earn over ₹17.7 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 5 SMFG India Credit employees in India.

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

The estimated take-home salary of a Cluster Credit Manager at SMFG India Credit in New Delhi typically ranges from ₹1,02,336 to ₹1,05,133 per month. This is based on the average salary range of ₹6.1 Lakhs to ₹17.7 Lakhs per year for employees with experience ranging from 8 years to 11 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 5 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 in New Delhi?

To be a Cluster Credit Manager at SMFG India Credit in New Delhi, 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	₹15.5 Lakhs to ₹22.5 Lakhs per year
Bajaj Finance	₹13.8 Lakhs to ₹20.3 Lakhs per year
AU Small Finance Bank	₹8.8 Lakhs to ₹20.0 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 New Delhi?

The salary of a Cluster Credit Manager at companies similar to SMFG India Credit in New Delhi varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Ujjivan Small Finance Bank	₹5.6 Lakhs to ₹12.2 Lakhs per year
Hinduja Housing Finance	₹3.5 Lakhs to ₹9.0 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 New Delhi?

The salary growth for a Cluster Credit Manager at SMFG India Credit in New Delhi depends on factors such as experience, performance, and promotions. On average, a Cluster Credit Manager in New Delhi can expect the following growth trajectory at SMFG India Credit:

Experience	Average Salary Range
8 years	₹13.0 Lakhs to ₹16.6 Lakhs per year
9 years	₹13.1 Lakhs to ₹16.8 Lakhs per year
10 years	₹6.1 Lakhs to ₹17.7 Lakhs per year
11 years	₹13.3 Lakhs to ₹17.0 Lakhs per year

and so on.

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SMFG India Credit Cluster Credit Manager Salaries in New Delhi

SMFG India Credit Cluster Credit Manager salary in New Delhi ranges between ₹6.1 Lakhs to ₹17.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 SMFG India Credit latest salaries received from various employees of SMFG India Credit.