SMFG India Credit State Credit Manager Salaries by 20+ Employees (Updated 2025)

12 - 19 years exp.

₹9 Lakhs - ₹24.5 Lakhs

Salary of majority employees

Fixed (91%)

₹15.6 Lakhs

Variable (9%)

₹1.5 Lakh

16% more than the average State Credit Manager Salary in NBFC Companies for 12 - 19 years of experience

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Salaries in different departments

BFSI, Investments & Trading State Credit Manager Salary 12 - 19 years exp. (15 salaries)	₹10 L/yr - ₹24.5 L/yr
Finance & Accounting State Credit Manager Salary 16 - 19 years exp. (3 salaries)	₹16.6 L/yr - ₹22.5 L/yr
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Risk Management & Compliance State Credit Manager Salary 15 - 18 years exp. (AmbitionBox Estimate)	₹9 L/yr - ₹19.6 L/yr

Last Updated: 13 Feb 2025

Companies similar to SMFG India Credit for State Credit Manager

Company name	Avg Annual Salary	Open Jobs
Kotak Mahindra Bank State Credit Manager Salary 7 - 23 years exp. (16 salaries)	₹9 L/yr - ₹18.8 L/yr 20% less
IndusInd Bank State Credit Manager Salary 3 - 14 years exp. (59 salaries)	₹5 L/yr - ₹16.6 L/yr 41% less
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IDFC FIRST Bank State Credit Manager Salary 11 - 18 years exp. (27 salaries)	₹12.2 L/yr - ₹30 L/yr 27% more
RBL Bank State Credit Manager Salary 10 - 11 years exp. (3 salaries)	₹7.7 L/yr - ₹14.5 L/yr 34% less
Tata Capital State Credit Manager Salary 10 - 16 years exp. (4 salaries)	₹10.5 L/yr - ₹16 L/yr 25% less
IIFL SAMASTA State Credit Manager Salary 9 - 19 years exp. (6 salaries)	₹12.3 L/yr - ₹15 L/yr 18% less
Tata Motors Finance State Credit Manager Salary 9 - 14 years exp. (6 salaries)	₹7.4 L/yr - ₹20 L/yr 29% less
IIFL Finance State Credit Manager Salary 11 - 25 years exp. (4 salaries)	₹15 L/yr - ₹16.5 L/yr 9% less
Muthoot Fincorp State Credit Manager Salary 11 - 16 years exp. (4 salaries)	₹13.7 L/yr - ₹20 L/yr 5% less
Satin Creditcare Network State Credit Manager Salary 7 - 9 years exp. (4 salaries)	₹6 L/yr - ₹7.5 L/yr 61% less
Fusion Microfinance State Credit Manager Salary 9 - 14 years exp. (4 salaries)	₹11 L/yr - ₹14.5 L/yr 26% less
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SK Finance Limited State Credit Manager Salary 10 - 15 years exp. (4 salaries)	₹15.4 L/yr - ₹17 L/yr 6% less
Annapurna Finance State Credit Manager Salary 8 - 15 years exp. (4 salaries)	₹9.1 L/yr - ₹16 L/yr 28% less

State Credit Manager salary at SMFG India Credit ranges between ₹9 Lakhs to ₹24.5 Lakhs per year for employees with experience between 12 years to 19 years. Salary estimates are based on 27 latest salaries received from various employees of SMFG India Credit.

Experience wise SMFG India Credit State Credit Manager salaries

Last Updated: 13 Feb 2025

Experience	Avg Annual Salary
12 years (AmbitionBox Estimate)	₹13 L/yr - ₹22.1 L/yr
13 years (AmbitionBox Estimate)	₹9.6 L/yr - ₹23.5 L/yr
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14 years (3 salaries)	₹11.8 L/yr - ₹22 L/yr
15+ years (20 salaries)	₹9 L/yr - ₹24.5 L/yr

Similar Designation salaries in SMFG India Credit

Area Credit Manager Salary

(41 salaries)

₹6 L/yr - ₹23.73 L/yr

Branch Credit Manager Salary

(240 salaries)

₹2 L/yr - ₹9.25 L/yr

Zonal Credit Manager Salary

(3 salaries)

₹28.8 L/yr - ₹38.2 L/yr

Cluster Credit Manager Salary

(78 salaries)

₹4.25 L/yr - ₹17 L/yr

Deputy Credit Manager Salary

(AmbitionBox Estimate)

₹5.9 L/yr - ₹7.5 L/yr

Credit Manager Salary

(341 salaries)

₹2.35 L/yr - ₹11.19 L/yr

Assistant Credit Manager Salary

(4 salaries)

₹2.2 L/yr - ₹3 L/yr

Regional Credit Manager Salary

(14 salaries)

₹21 L/yr - ₹40 L/yr

Senior Credit Officer Salary

(11 salaries)

₹1.43 L/yr - ₹3 L/yr

Relationship Manager Salary

(338 salaries)

₹2.35 L/yr - ₹6.6 L/yr

Top skills at SMFG India Credit for State Credit Manager

Credit Management Home Loans Lap Underwriting mortgage Team Handling Credit Risk Team Management Credit Underwriting Credit Risk Analysis Credit Control Credit Evaluation Credit Management

Salary related reviews for SMFG India Credit

3.8

Rated by 7 employees for salary & benefits

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

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

Relationship Manager in South Karnataka

Customer Success, Service & Operations Department

4.0

• posted on 23 Jul 2021

4.0

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 - Good

+6 more

Dislikes

...ot okThere is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow. There is a bond of 2 years before which you cannot resign. On the job training is not given to new joinees.

Officer in Pune

BFSI, Investments & Trading Department

5.0

• posted on 31 Jul 2021

5.0

for Salary and Benefits

Likes

If you work hard then You can get anything in this org. like growth, opportunity, salary. & today i happy to share because i have worked here & it's very useful for my growth.

Salary - Excellent

+6 more

Dislikes

But here no timing limit for work.......

Credit Executive in Hyderabad / Secunderabad

Finance & Accounting Department

5.0

• posted on 11 Jan 2021

5.0

for Salary and Benefits

Likes

My work places and my mangers and company it's to good covid lockdown Schiwation also is provided salary am very provided in company employment thank you Fullerton India company ltd

Salary - Excellent

+5 more

Dislikes

Work places not good it's not adjusted setting thear..

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Salary Discussions, Hike & Promotions

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SMFG India Credit State Credit Manager Salary FAQs

What is the salary of State Credit Manager at SMFG India Credit?

State Credit Manager salary at SMFG India Credit in India ranges between ₹9.0 Lakhs to ₹24.5 Lakhs for experience between 12 years to 19 years. According to our estimates it is 16% more than the average State Credit Manager Salary in India. Salary estimates are based on 27 latest salaries received from various employees of SMFG India Credit India.

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

The average salary of a State Credit Manager at SMFG India Credit is 16% more than the average salary of a State Credit Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a State Credit Manager at SMFG India Credit?

Credit Management, Home Loans, Lap, Underwriting and mortgage are some of the popular skills required to work as a State Credit Manager at SMFG India Credit India.

Which similar companies are paying more than SMFG India Credit to a State Credit Manager in India?

IDFC FIRST Bank State Credit Manager Salary - ₹12.2 Lakhs to ₹30.0 Lakhs per year

What is the salary of a State Credit Manager in companies similar to SMFG India Credit in India?

Muthoot Fincorp State Credit Manager Salary - ₹13.7 Lakhs to ₹20.0 Lakhs per year
SK Finance Limited State Credit Manager Salary - ₹15.4 Lakhs to ₹17.0 Lakhs per year
IIFL Finance State Credit Manager Salary - ₹15.0 Lakhs to ₹16.5 Lakhs per year
IIFL SAMASTA State Credit Manager Salary - ₹12.3 Lakhs to ₹15.0 Lakhs per year
Kotak Mahindra Bank State Credit Manager Salary - ₹9.0 Lakhs to ₹18.8 Lakhs per year

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

The estimated take-home salary of a State Credit Manager at SMFG India Credit ranges between ₹1,15,941 per month to ₹1,19,178 per month in India. The take-home salary calculation is based on the average SMFG India Credit State Credit Manager salary in India which ranges between ₹9.0 Lakhs to ₹24.5 Lakhs per year for employees with experience between 12 years to 19 years. Check how did we calculate take home salary?

What is the notice period for State Credit Manager at SMFG India Credit?

According to AmbitionBox, 100% of the SMFG India Credit State Credit Managers reported a notice period of 3 Months.This is based on 16 responses on AmbitionBox in last 2 years.

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SMFG India Credit State Credit Manager Salaries

SMFG India Credit State Credit Manager salary in India ranges between ₹9 Lakhs to ₹24.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 27 SMFG India Credit latest salaries received from various employees of SMFG India Credit.