SMFG India Credit Credit Officer Salaries by 90+ Employees (Updated 2025)

0 - 6 years exp.

₹1 Lakh - ₹4.5 Lakhs

Salary of majority employees

21% less than the average Credit Officer Salary in NBFC Companies for 0 - 6 years of experience

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Salaries in different departments

Finance & Accounting Credit Officer Salary 0 - 6 years exp. (38 salaries)	₹1.8 L/yr - ₹4 L/yr
BFSI, Investments & Trading Credit Officer Salary 1 - 5 years exp. (24 salaries)	₹2.1 L/yr - ₹3.5 L/yr
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Customer Success, Service & Operations Credit Officer Salary 0 - 5 years exp. (10 salaries)	₹2 L/yr - ₹4.5 L/yr
Risk Management & Compliance Credit Officer Salary 1 - 5 years exp. (6 salaries)	₹1 L/yr - ₹3.5 L/yr
Sales & Business Development Credit Officer Salary 0 - 6 years exp. (5 salaries)	₹2.9 L/yr - ₹3.8 L/yr

Last Updated: 16 Mar 2025

Companies similar to SMFG India Credit for Credit Officer

Company name	Avg Annual Salary	Open Jobs
Bajaj Finserv Credit Officer Salary 0 - 5 years exp. (59 salaries)	₹2 L/yr - ₹5.5 L/yr 18% more
HDFC Bank Credit Officer Salary 1 - 8 years exp. (252 salaries)	₹1.5 L/yr - ₹4 L/yr 10% less
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ICICI Bank Credit Officer Salary 0 - 6 years exp. (118 salaries)	₹1.2 L/yr - ₹4.7 L/yr 12% less
Axis Bank Credit Officer Salary 0 - 6 years exp. (172 salaries)	₹1.2 L/yr - ₹6.5 L/yr 27% more	1 job opening
Kotak Mahindra Bank Credit Officer Salary 1 - 6 years exp. (96 salaries)	₹1.5 L/yr - ₹4.5 L/yr 6% less
Edelweiss Credit Officer Salary 0 - 9 years exp. (222 salaries)	₹2 L/yr - ₹4.5 L/yr 18% more
Mahindra Rural Housing Finance Credit Officer Salary 0 - 6 years exp. (199 salaries)	₹1.2 L/yr - ₹4 L/yr 5% less
Shriram Finance Credit Officer Salary 0 - 7 years exp. (159 salaries)	₹1.2 L/yr - ₹4.5 L/yr 4% less
Muthoot Fincorp Credit Officer Salary 0 - 6 years exp. (164 salaries)	₹1.3 L/yr - ₹4 L/yr 1% more
Aye Finance Credit Officer Salary 0 - 7 years exp. (153 salaries)	₹2.2 L/yr - ₹4 L/yr 5% more

View all

Credit Officer salary at SMFG India Credit ranges between ₹1 Lakh to ₹4.5 Lakhs per year for employees with less than 1 year of experience to 6 years. Salary estimates are based on 99 latest salaries received from various employees of SMFG India Credit.

Experience wise SMFG India Credit Credit Officer salaries

Last Updated: 16 Mar 2025

Experience	Avg Annual Salary
Fresher (7 salaries)	₹1.2 L/yr - ₹4 L/yr
1 year (12 salaries)	₹2 L/yr - ₹4 L/yr
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2 years (26 salaries)	₹1.8 L/yr - ₹4.5 L/yr
3 years (15 salaries)	₹1 L/yr - ₹3.6 L/yr
4 years (17 salaries)	₹1.6 L/yr - ₹3.9 L/yr
5 years (16 salaries)	₹2 L/yr - ₹3.8 L/yr
6 years (6 salaries)	₹2 L/yr - ₹3.3 L/yr

View all

From

Credit Officer

₹

Lakhs/yr

0 - 6 years exp.

Cluster Credit Manager

₹

Lakhs/yr

7 - 13 years exp.

Credit Officer 0 - 6 years exp.

Credit Manager 0 - 13 years exp.

131% hike

Cluster Credit Manager 7 - 13 years exp.

57% hike

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.

Similar Designation salaries in SMFG India Credit

Credit Manager Salary

(342 salaries)

₹2.35 L/yr - ₹10.9 L/yr

Sales Officer Salary

(75 salaries)

₹1.2 L/yr - ₹4.5 L/yr

Credit Analyst Salary

(8 salaries)

₹2.55 L/yr - ₹4 L/yr

Senior Credit Officer Salary

(11 salaries)

₹1.43 L/yr - ₹3 L/yr

Officer Salary

(42 salaries)

₹1 L/yr - ₹4.8 L/yr

Credit Underwriter Salary

(AmbitionBox Estimate)

₹4.6 L/yr - ₹5.9 L/yr

Credit Executive Salary

(54 salaries)

₹1.9 L/yr - ₹4.5 L/yr

Area Credit Manager Salary

(41 salaries)

₹6 L/yr - ₹23.73 L/yr

Branch Manager Salary

(175 salaries)

₹4 L/yr - ₹15 L/yr

Deputy Manager Salary

(6 salaries)

₹3.85 L/yr - ₹7.43 L/yr

Salary related reviews for SMFG India Credit

3.0

Rated by 34 employees for salary & benefits

Credit Officer in Nandes

Customer Success, Service & Operations Department

2.0

• posted on 01 Oct 2020

2.0

for Salary and Benefits

Likes

...n company but in covid19 pandemic / situation not thinking about credit officer.salary is not provide in this time.very helpless feel in Covid 19 Pandemic. Thank You..

Company culture - Excellent

Dislikes

I very feel helpless.

Salary - 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.

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

see more salary related reviews

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Salary Discussions, Hike & Promotions

an architect

Help me choose New Regime or Old Regime for my salary revision

Hi I am working as a full stack Architect (14 yeo) and Following is my CTC. Please help me calculate in hand salary and choose New or OLD regime. I have been doing Old regime till last year with a salary of 48 CTC. Now post revision it increased to 56L CTC effective March 1st. My PF alone will cover 80C Also have additional 50000 contribution in NPS My HRA is around 25K per month (300000) Health insurance for family 28000 Mom's medical expense 30000 (No personal (Have medical complications) or corporate insurance unfortunately) I have a home loan however its under construction, so not eligible yet for tax benefits

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SMFG India Credit Credit Officer Salary FAQs

What is the salary of Credit Officer at SMFG India Credit ?

The average salary of a Credit Officer at SMFG India Credit in India typically ranges from ₹1.0 Lakhs to ₹4.5 Lakhs per year, depending on experience (from Fresher to 6 years).

The top 10% of Credit Officer at SMFG India Credit earn more than ₹3.7 Lakhs per year, and the top 1% earn over ₹4.3 Lakhs per year. Credit Officer 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 90+ SMFG India Credit employees in India.

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

The estimated take-home salary of a Credit Officer at SMFG India Credit in India typically ranges from ₹20,430 to ₹22,087 per month. This is based on the average salary range of ₹1.0 Lakhs to ₹4.5 Lakhs per year for employees with experience ranging from Fresher to 6 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 90+ salaries received from various employees of SMFG India Credit. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than SMFG India Credit for Credit Officer in India?

Bharat Financial Inclusion	₹3.0 Lakhs to ₹6.5 Lakhs per year
Aditya Birla Capital	₹2.0 Lakhs to ₹5.0 Lakhs per year
Axis Bank	₹1.2 Lakhs to ₹6.5 Lakhs per year
Aditya Birla Finance	₹2.4 Lakhs to ₹4.6 Lakhs per year
Bajaj Finance	₹1.9 Lakhs to ₹5.5 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 Credit Officer in companies similar to SMFG India Credit in India?

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

Manappuram Finance	₹2.2 Lakhs to ₹4.5 Lakhs per year
Fusion Microfinance	₹2.0 Lakhs to ₹5.0 Lakhs per year
Edelweiss	₹2.0 Lakhs to ₹4.5 Lakhs per year
Bajaj Finserv	₹2.0 Lakhs to ₹5.5 Lakhs per year
Tata Capital	₹2.5 Lakhs to ₹5.0 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 Officer at SMFG India Credit in India?

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

Experience	Average Salary Range
Fresher	₹1.2 Lakhs to ₹4.0 Lakhs per year
1 year	₹2.0 Lakhs to ₹4.0 Lakhs per year
2 years	₹1.8 Lakhs to ₹4.5 Lakhs per year
3 years	₹1.0 Lakhs to ₹3.6 Lakhs per year

and so on.

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SMFG India Credit Credit Officer Salaries

SMFG India Credit Credit Officer salary in India ranges between ₹1 Lakh to ₹4.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 99 SMFG India Credit latest salaries received from various employees of SMFG India Credit.