SMFG India Credit Loan Officer Salaries by 7 Employees (Updated 2025)

1 - 3 years exp.

₹1.8 Lakh - ₹2.5 Lakhs

Low Confidence

Salary of majority employees

19% less than the average Loan Officer Salary in NBFC Companies for 1 - 3 years of experience

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Salaries in different departments

Sales & Business Development Loan Officer Salary 1 year exp. (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.5 L/yr
BFSI, Investments & Trading Loan Officer Salary 2 years exp. (AmbitionBox Estimate)	₹1.9 L/yr - ₹2.3 L/yr
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Customer Success, Service & Operations Loan Officer Salary 3 years exp. (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.7 L/yr
Production, Manufacturing & Engineering Loan Officer Salary 2 years exp. (AmbitionBox Estimate)	₹2 L/yr - ₹2.4 L/yr

Last Updated: 24 Sep 2024

Companies similar to SMFG India Credit for Loan Officer

Company name	Avg Annual Salary	Open Jobs
Bajaj Finance Loan Officer Salary 0 - 5 years exp. (9 salaries)	₹1.4 L/yr - ₹3 L/yr 21% more
HDFC Bank Loan Officer Salary 0 - 5 years exp. (106 salaries)	₹1.2 L/yr - ₹5 L/yr 31% more
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ICICI Bank Loan Officer Salary 0 - 8 years exp. (22 salaries)	₹1.8 L/yr - ₹6 L/yr 26% more
Tata Capital Loan Officer Salary 0 - 5 years exp. (75 salaries)	₹2.1 L/yr - ₹3.5 L/yr 34% more	30 job openings
Shriram Finance Loan Officer Salary 1 - 6 years exp. (5 salaries)	₹2.5 L/yr - ₹4 L/yr 30% more
L&T Finance Loan Officer Salary 1 - 3 years exp. (19 salaries)	₹1.5 L/yr - ₹2.8 L/yr 4% more
Bharat Financial Inclusion Loan Officer Salary 0 - 4 years exp. (203 salaries)	₹1.2 L/yr - ₹4.5 L/yr 13% more
Aye Finance Loan Officer Salary 1 - 6 years exp. (65 salaries)	₹2 L/yr - ₹3.6 L/yr 17% more
HDB Financial Services Loan Officer Salary 0 - 4 years exp. (50 salaries)	₹1.2 L/yr - ₹4 L/yr 8% more	3 job openings
Spandana Sphoorty Financial Loan Officer Salary 0 - 6 years exp. (41 salaries)	₹1.4 L/yr - ₹5 L/yr 29% more
Muthoot Fincorp Loan Officer Salary 0 - 4 years exp. (19 salaries)	₹1.5 L/yr - ₹2.7 L/yr 8% less
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IIFL Finance Loan Officer Salary 1 - 6 years exp. (13 salaries)	₹1.8 L/yr - ₹3.7 L/yr 40% more
Home Credit Finance Loan Officer Salary 1 - 4 years exp. (6 salaries)	₹1.3 L/yr - ₹3 L/yr 10% less
IIFL SAMASTA Loan Officer Salary 0 - 3 years exp. (5 salaries)	₹1.4 L/yr - ₹2.8 L/yr 7% less
Aditya Birla Finance Loan Officer Salary 1 - 10 years exp. (4 salaries)	₹3 L/yr - ₹4.5 L/yr 73% more
Satin Creditcare Network Loan Officer Salary 0 - 4 years exp. (4 salaries)	₹1.9 L/yr - ₹2.2 L/yr 9% less
Manappuram Finance Loan Officer Salary 0 - 6 years exp. (4 salaries)	₹1.5 L/yr - ₹3.2 L/yr 2% less
SK Finance Limited Loan Officer Salary 0 - 2 years exp. (4 salaries)	₹1.5 L/yr - ₹2.4 L/yr 8% less
Annapurna Finance Loan Officer Salary 1 - 5 years exp. (4 salaries)	₹2 L/yr - ₹2.5 L/yr 3% less
Muthoot Microfin Loan Officer Salary 0 - 6 years exp. (3 salaries)	₹1.2 L/yr - ₹5.3 L/yr 28% more

View all

Loan Officer salary at SMFG India Credit ranges between ₹1.8 Lakh to ₹2.5 Lakhs per year for employees with experience between 1 year to 3 years. Salary estimates are based on 7 latest salaries received from various employees of SMFG India Credit.

Experience wise SMFG India Credit Loan Officer salaries

Last Updated: 24 Sep 2024

Experience	Avg Annual Salary
1 year (3 salaries)	₹1.8 L/yr - ₹2.5 L/yr
2 years (3 salaries)	₹2.1 L/yr - ₹2.4 L/yr
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3 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹4.4 L/yr

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Salary related reviews for SMFG India Credit

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

Collection Officer in Mumbai

Full Time

Customer Success, Service & Operations Department

5.0

• posted on 29 Sep 2023

5.0

for Salary and Benefits

Likes

I am happy with working pattern like a home, salary,perks is heigher from a standards MNC . I had given 💯 percentage from our end.

Salary - Excellent

+3 more

Dislikes

Some time learning and promotion things not meet accordance to me. Overall some time happy rather not satisfied.

Promotions - Poor

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

Collection Officer in Lalgudi

Full Time

Collection department Department

4.0

• posted on 15 Nov 2022

5.0

for Salary and Benefits

Likes

...rs are very selfish and cannot think about team members life. So I disappointed. But company salary and incentives are very attractive.

Salary - Excellent

+2 more

Dislikes

Team members have lot of problems due to partiality and politics

Job security - Poor

see more salary related reviews

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Salary Discussions, Hike & Promotions

1w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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SMFG India Credit Loan Officer Salary FAQs

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

Loan Officer salary at SMFG India Credit in India ranges between ₹1.8 Lakhs to ₹2.5 Lakhs for experience between 1 years to 3 years. According to our estimates it is 19% less than the average Loan Officer Salary in India. Salary estimates are based on 7 latest salaries received from various employees of SMFG India Credit India.

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

The average salary of a Loan Officer at SMFG India Credit is 19% less than the average salary of a Loan Officer in India. To know exact salary insights, login to view.

Which similar companies are paying more than SMFG India Credit to a Loan Officer in India?

Aditya Birla Finance Loan Officer Salary - ₹3.0 Lakhs to ₹4.5 Lakhs per year
IIFL Finance Loan Officer Salary - ₹1.8 Lakhs to ₹3.7 Lakhs per year
Tata Capital Loan Officer Salary - ₹2.1 Lakhs to ₹3.5 Lakhs per year
HDFC Bank Loan Officer Salary - ₹1.2 Lakhs to ₹5.0 Lakhs per year
Shriram Finance Loan Officer Salary - ₹2.5 Lakhs to ₹4.0 Lakhs per year

What is the salary of a Loan Officer in companies similar to SMFG India Credit in India?

Spandana Sphoorty Financial Loan Officer Salary - ₹1.4 Lakhs to ₹5.0 Lakhs per year
Muthoot Microfin Loan Officer Salary - ₹1.2 Lakhs to ₹5.3 Lakhs per year
ICICI Bank Loan Officer Salary - ₹1.8 Lakhs to ₹6.0 Lakhs per year
Bajaj Finance Loan Officer Salary - ₹1.4 Lakhs to ₹3.0 Lakhs per year
TVS Credit Loan Officer Salary - ₹2.2 Lakhs to ₹3.5 Lakhs per year

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

The estimated take-home salary of a Loan Officer at SMFG India Credit ranges between ₹15,258 per month to ₹16,848 per month in India. The take-home salary calculation is based on the average SMFG India Credit Loan Officer salary in India which ranges between ₹1.8 Lakhs to ₹2.5 Lakhs per year for employees with experience between 1 years to 3 years. Check how did we calculate take home salary?

What is the notice period for Loan Officer at SMFG India Credit?

According to AmbitionBox, 33% of the SMFG India Credit Loan Officers reported a notice period of 15 days or less, 34% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 3 responses on AmbitionBox in last 2 years.

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SMFG India Credit Loan Officer Salaries

SMFG India Credit Loan Officer salary in India ranges between ₹1.8 Lakh to ₹2.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 SMFG India Credit latest salaries received from various employees of SMFG India Credit.