IIFL Home Finance Cluster Credit Manager Salaries by 3 Employees (Updated 2025)

8 - 11 years exp.

₹8 Lakhs - ₹19 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

54% more than the average Cluster Credit Manager Salary in NBFC Companies for 8 - 11 years of experience

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Last Updated: 14 Mar 2025

Companies similar to IIFL Home Finance for Cluster Credit Manager

Company name	Avg Annual Salary	Open Jobs
Hinduja Housing Finance Cluster Credit Manager Salary 1 - 12 years exp. (290 salaries)	₹3.4 L/yr - ₹9.2 L/yr 61% less	4 job openings
Ambit Finvest Cluster Credit Manager Salary 5 - 17 years exp. (47 salaries)	₹6.5 L/yr - ₹16 L/yr 24% less
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Vistaar Finance Cluster Credit Manager Salary 6 - 15 years exp. (38 salaries)	₹7 L/yr - ₹12.5 L/yr 33% less
Finova Capital Cluster Credit Manager Salary 2 - 7 years exp. (23 salaries)	₹4.2 L/yr - ₹8 L/yr 65% less
Ugro Capital Cluster Credit Manager Salary 4 - 14 years exp. (15 salaries)	₹6.5 L/yr - ₹12.5 L/yr 31% less
Bajaj Housing Finance Cluster Credit Manager Salary 8 - 13 years exp. (12 salaries)	₹10.7 L/yr - ₹19.6 L/yr 9% less
SBFC Finance Cluster Credit Manager Salary 5 - 11 years exp. (11 salaries)	₹6.5 L/yr - ₹12 L/yr 46% less
Hinduja Leyland Finance Cluster Credit Manager Salary 1 - 15 years exp. (7 salaries)	₹4 L/yr - ₹8.5 L/yr 62% less
Kogta Financial India Limited Cluster Credit Manager Salary 9 - 13 years exp. (6 salaries)	₹5.4 L/yr - ₹9 L/yr 48% less
Kotak Mahindra Prime Cluster Credit Manager Salary 6 - 14 years exp. (5 salaries)	₹7 L/yr - ₹16 L/yr 24% less
Hero FinCorp Cluster Credit Manager Salary 0 - 14 years exp. (4 salaries)	₹5 L/yr - ₹20.3 L/yr 13% less
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Electronica Finance Cluster Credit Manager Salary 5 - 11 years exp. (4 salaries)	₹5 L/yr - ₹8.5 L/yr 53% less

Cluster Credit Manager salary at IIFL Home Finance ranges between ₹8 Lakhs to ₹19 Lakhs per year for employees with experience between 8 years to 11 years. Salary estimates are based on 3 latest salaries received from various employees of IIFL Home Finance.

Experience wise IIFL Home Finance Cluster Credit Manager salaries

Last Updated: 14 Mar 2025

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹10.8 L/yr - ₹13.8 L/yr
9 years (AmbitionBox Estimate)	₹11.5 L/yr - ₹14.7 L/yr
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10 years (AmbitionBox Estimate)	₹12.2 L/yr - ₹15.6 L/yr
11 years (AmbitionBox Estimate)	₹12.9 L/yr - ₹16.5 L/yr

Similar Designation salaries in IIFL Home Finance

Area Credit Manager Salary

(15 salaries)

₹10.5 L/yr - ₹16.05 L/yr

Branch Credit Manager Salary

(16 salaries)

₹3.5 L/yr - ₹9.5 L/yr

Zonal Credit Manager Salary

(12 salaries)

₹26.5 L/yr - ₹38.39 L/yr

Assistant Credit Manager Salary

(9 salaries)

₹3.25 L/yr - ₹7.5 L/yr

Regional Credit Manager Salary

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₹18 L/yr - ₹24.5 L/yr

Credit Manager Salary

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₹2.56 L/yr - ₹7 L/yr

Senior Credit Officer Salary

(6 salaries)

₹3.4 L/yr - ₹4.3 L/yr

Relationship Manager Salary

(87 salaries)

₹3 L/yr - ₹5.65 L/yr

Credit Officer Salary

(5 salaries)

₹2.1 L/yr - ₹3.1 L/yr

Branch Manager Salary

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₹3.5 L/yr - ₹7.3 L/yr

Salary related reviews for IIFL Home Finance

Deputy Manager in New Delhi

Full Time

Customer Success, Service & Operations Department

4.0

• posted on 22 Jul 2024

4.0

for Salary and Benefits

Likes

Working as a team Salary and other perks are good

Salary - Good

+3 more

Dislikes

Issue in granting leave to employees. If they grant leave then will have to do work most of the time. Need to carry your laptop. Officially Saturday is week off but need to work full day on Saturday.

Skill development - Poor

+1 more

Sales Manager in Dehradun

Full Time

Sales & Business Development Department

3.0

• posted on 20 Apr 2023

4.0

for Salary and Benefits

Likes

Company and Salary is good .

Salary - Good

Dislikes

Working environment was not good specially for my home branch where I was working. I worked and resigned within 3 months and no senior level person not even asked for my decision .Not only me others staff were also resigning from there post whenever the are getting any opportunity. Company profile was good, products were goods to sell in market but the local system was spoiling each and every thing

Skill development - Poor

+4 more

Relationship Manager in Virar West Maharashtra India

Full Time

Finance & Accounting Department

1.0

• posted on 14 Jun 2023

1.0

for Salary and Benefits

Likes

...ompany in my life.very bad experience in my carriar of life.i have joined the 3.50 lac annual package but 3 months has gone salary is given 15k without any notice.and totally harrasment this company.

Dislikes

Haven't any possitive word there is written me .

Salary - Bad

+6 more

Relationship Manager in Vasai-Virar

Sales & Business Development Department

1.0

• posted on 29 Jun 2022

1.0

for Salary and Benefits

Likes

Friendly with credit team

Skill development - Good

Dislikes

Salary deduction incentives not giving overall experience didnot company terms conditions designed self totally haresment mentally & financially... 15 years experience feeling fist time seen very very bad & poor company...

Salary - Bad

+5 more

Branch Credit Manager in Jaipur

Finance & Accounting Department

2.0

• posted on 03 Aug 2020

2.0

for Salary and Benefits

Likes

Only single advantage in the company is that salary is credited in your bank account on time.

Skill development - Good

Dislikes

...otally insensitive to their employees. They are firing employees day in and out. Salary cuts have been also for the whole year as compared to few months only in other organisations. They are harassing employees by overburdening them with work pressure and taking undue advantage of the current situation. Policy changes in the organisation are also so frequent that it is impossible to integrate all the functions.

Salary - Poor

+4 more

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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IIFL Home Finance Cluster Credit Manager Salary FAQs

How the salary growth look like for a Cluster Credit Manager at IIFL Home Finance in India?

The salary growth for a Cluster Credit Manager at IIFL Home Finance depends on factors such as experience, performance, and promotions. On average, a Cluster Credit Manager can expect the following growth trajectory at IIFL Home Finance:

Experience	Average Salary Range
8 years	₹10.8 Lakhs to ₹13.8 Lakhs per year
9 years	₹11.5 Lakhs to ₹14.7 Lakhs per year
10 years	₹12.2 Lakhs to ₹15.6 Lakhs per year
11 years	₹12.9 Lakhs to ₹16.5 Lakhs per year

and so on.

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IIFL Home Finance Cluster Credit Manager Salaries

IIFL Home Finance Cluster Credit Manager salary in India ranges between ₹8 Lakhs to ₹19 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 IIFL Home Finance latest salaries received from various employees of IIFL Home Finance.