SMFG India Credit Chennai Credit Manager Salaries by 10+ Employees

2 - 11 years exp.

₹3.2 Lakhs - ₹10.5 Lakhs

Salary of majority employees

20% less than the average Credit Manager Salary in NBFC Companies for 2 - 11 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading Credit Manager Salary 7 - 11 years exp. (5 salaries)	₹5 L/yr - ₹10.5 L/yr
Finance & Accounting Credit Manager Salary 3 - 11 years exp. (5 salaries)	₹4.5 L/yr - ₹7 L/yr
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Risk Management & Compliance Credit Manager Salary 2 years exp. (AmbitionBox Estimate)	₹4.6 L/yr - ₹6.8 L/yr

Last Updated: 25 Dec 2024

Companies similar to SMFG India Credit for Credit Manager in Chennai

SMFG India Credit Credit Manager Salary

2 - 11 years exp. (16 salaries)

₹3.2 L/yr - ₹10.5 L/yr

Company name	Avg Annual Salary	Open Jobs
HDB Financial Services Credit Manager Salary 0 - 11 years exp. (67 salaries)	₹2.5 L/yr - ₹9 L/yr 28% less	2 job openings
Aditya Birla Finance Credit Manager Salary 2 - 10 years exp. (45 salaries)	₹4 L/yr - ₹8.7 L/yr 8% more
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Shriram Finance Credit Manager Salary 1 - 10 years exp. (11 salaries)	₹2.2 L/yr - ₹8.2 L/yr 34% less	2 job openings
Bajaj Finance Credit Manager Salary 3 - 8 years exp. (11 salaries)	₹4 L/yr - ₹6.6 L/yr 10% less	4 job openings
TVS Credit Credit Manager Salary 4 - 8 years exp. (6 salaries)	₹3.9 L/yr - ₹8.5 L/yr 13% less
Muthoot Fincorp Credit Manager Salary 2 - 12 years exp. (5 salaries)	₹3.6 L/yr - ₹6 L/yr 26% less	1 job opening
Annapurna Finance Credit Manager Salary 3 - 10 years exp. (5 salaries)	₹3.4 L/yr - ₹5.1 L/yr 27% less
Mahindra Finance Credit Manager Salary 5 - 13 years exp. (4 salaries)	₹5.4 L/yr - ₹12 L/yr 28% more
L&T Finance Credit Manager Salary 2 - 10 years exp. (4 salaries)	₹4.8 L/yr - ₹9.8 L/yr 24% more
Muthoot Finance Credit Manager Salary 2 - 6 years exp. (4 salaries)	₹3.5 L/yr - ₹5.2 L/yr 30% less
IIFL SAMASTA Credit Manager Salary 2 - 9 years exp. (3 salaries)	₹1.9 L/yr - ₹5 L/yr 36% less
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Credit Manager salary at SMFG India Credit ranges between ₹3.2 Lakhs to ₹10.5 Lakhs per year for employees with experience between 2 years to 11 years. Salary estimates are based on 16 latest salaries received from various employees of SMFG India Credit.

Experience wise SMFG India Credit Credit Manager salaries in Chennai

Last Updated: 25 Dec 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹7.1 L/yr
3 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹7.2 L/yr
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4 years (3 salaries)	₹3.2 L/yr - ₹11.5 L/yr
5 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.5 L/yr
6 years (AmbitionBox Estimate)	₹6 L/yr - ₹7.6 L/yr
7 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹7.8 L/yr
8 years (AmbitionBox Estimate)	₹6.2 L/yr - ₹7.9 L/yr
9 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹8.1 L/yr
10 years (4 salaries)	₹6 L/yr - ₹10.5 L/yr
11 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹8.3 L/yr

View all

From

Credit Manager

0 - 13 years exp.

Cluster Credit Manager

7 - 13 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

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Branch Sales Manager Salary

(10 salaries)

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Collections Manager Salary

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₹2.5 L/yr - ₹5.65 L/yr

Transaction Officer Salary

(4 salaries)

₹1.5 L/yr - ₹2.81 L/yr

Senior Manager Credit Salary

(3 salaries)

₹7.5 L/yr - ₹17.4 L/yr

Collection Officer Salary

(3 salaries)

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Branch Collection Incharge Salary

(3 salaries)

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Top skills at SMFG India Credit for Credit Manager

Credit Underwriting Credit Management Lap housing loan Underwriting Mortgage Loans hl Business Loan Credit Credit Risk Analysis Credit Risk Home Loans Credit Policy Credit Appraisal Finance

Salary related reviews for SMFG India Credit

4.1

Rated by 7 employees for salary & benefits

Credit Manager in Wani

BFSI, Investments & Trading Department

5.0

• posted on 04 Apr 2021

5.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Salary - Excellent

+6 more

Dislikes

Because of my health I am not able to continue working on the field and from me company work not complete on time so I have leave from Fullerton

Credit Manager in Chandigarh

Finance & Accounting Department

1.0

• posted on 22 Dec 2018

4.0

for Salary and Benefits

Likes

Salary structure nothing else.

Salary - Good

Dislikes

Credit Team of PL dept in Fullerton Branch Chd is pathetic in terms of co - operation especially the teammates who are jealous to the new hired people and the supervisor is so pathetic who starts threatening to resign only after a weeks period.

Skill development - Poor

+5 more

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.

see more salary related reviews

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Salary Discussions, Hike & Promotions

a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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SMFG India Credit Credit Manager Salary FAQs

What is the salary of Credit Manager at SMFG India Credit in Chennai?

The average salary of a Credit Manager at SMFG India Credit in Chennai typically ranges from ₹3.2 Lakhs to ₹10.5 Lakhs per year, depending on experience (from 2 years to 11 years).

The top 10% of Credit Manager in Chennai at SMFG India Credit earn more than ₹9.8 Lakhs per year, and the top 1% earn over ₹10.5 Lakhs per year. 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 10+ SMFG India Credit employees in India.

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

The estimated take-home salary of a Credit Manager at SMFG India Credit in Chennai typically ranges from ₹50,318 to ₹51,506 per month. This is based on the average salary range of ₹3.2 Lakhs to ₹10.5 Lakhs per year for employees with experience ranging from 2 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 10+ 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 Credit Manager at SMFG India Credit in Chennai?

To be a Credit Manager at SMFG India Credit in Chennai, the key skills required include:

- Credit Underwriting
- Credit Management
- Lap
- housing loan
- 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 Credit Manager in India?

Mahindra Finance	₹5.4 Lakhs to ₹12.0 Lakhs per year
L&T Finance	₹4.8 Lakhs to ₹9.8 Lakhs per year
Aditya Birla Finance	₹4.0 Lakhs to ₹8.7 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 Credit Manager in companies similar to SMFG India Credit in Chennai?

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

Bajaj Finance	₹4.0 Lakhs to ₹6.6 Lakhs per year
TVS Credit	₹3.9 Lakhs to ₹8.5 Lakhs per year
Muthoot Fincorp	₹3.6 Lakhs to ₹6.0 Lakhs per year
Annapurna Finance	₹3.4 Lakhs to ₹5.1 Lakhs per year
HDB Financial Services	₹2.5 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 Credit Manager at SMFG India Credit in Chennai?

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

Experience	Average Salary Range
2 years	₹5.6 Lakhs to ₹7.1 Lakhs per year
3 years	₹5.7 Lakhs to ₹7.2 Lakhs per year
4 years	₹3.2 Lakhs to ₹11.5 Lakhs per year
5 years	₹5.9 Lakhs to ₹7.5 Lakhs per year

and so on.

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SMFG India Credit Credit Manager Salaries in Chennai

SMFG India Credit Credit Manager salary in Chennai ranges between ₹3.2 Lakhs to ₹10.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 16 SMFG India Credit latest salaries received from various employees of SMFG India Credit.