IIFL Finance Cluster Credit Manager Salaries by 4 Employees (Updated 2024)

7 - 14 years exp.

₹6.3 Lakhs - ₹8.2 Lakhs

Low Confidence

Salary of majority employees

32% less than the average Cluster Credit Manager Salary in NBFC Companies for 7 - 14 years of experience

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Salaries in different departments

BFSI, Investments & Trading Cluster Credit Manager Salary 7 - 8 years exp. (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.2 L/yr
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Finance & Accounting Cluster Credit Manager Salary 12 years exp. (AmbitionBox Estimate)	₹7.3 L/yr - ₹9 L/yr

Last Updated: 18 Sep 2024

Companies similar to IIFL Finance for Cluster Credit Manager

Company name	Avg Annual Salary	Open Jobs
Motilal Oswal Financial Services Cluster Credit Manager Salary 8 - 12 years exp. (4 salaries)	₹5.8 L/yr - ₹11.7 L/yr 30% more
Edelweiss Cluster Credit Manager Salary 3 - 6 years exp. (9 salaries)	₹10 L/yr - ₹14.3 L/yr 85% more
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Piramal Capital Housing Finance Cluster Credit Manager Salary 7 - 20 years exp. (78 salaries)	₹7.7 L/yr - ₹19.7 L/yr 115% more
IDFC FIRST Bharat Cluster Credit Manager Salary 6 - 13 years exp. (76 salaries)	₹5 L/yr - ₹11.2 L/yr 32% more
SMFG India Credit Cluster Credit Manager Salary 5 - 13 years exp. (68 salaries)	₹4.3 L/yr - ₹17.9 L/yr 47% more
HDB Financial Services Cluster Credit Manager Salary 13 - 20 years exp. (39 salaries)	₹12.8 L/yr - ₹24 L/yr 178% more	1 job opening
Annapurna Finance Cluster Credit Manager Salary 6 - 17 years exp. (30 salaries)	₹4.5 L/yr - ₹16 L/yr 35% more
Bajaj Finance Cluster Credit Manager Salary 4 - 18 years exp. (16 salaries)	₹12.3 L/yr - ₹19.8 L/yr 135% more
Manappuram Finance Cluster Credit Manager Salary 6 - 14 years exp. (8 salaries)	₹5 L/yr - ₹7.9 L/yr 6% less
Mahindra Finance Cluster Credit Manager Salary 8 - 10 years exp. (6 salaries)	₹4.8 L/yr - ₹14 L/yr 29% more
Muthoot Fincorp Cluster Credit Manager Salary 5 - 15 years exp. (6 salaries)	₹10 L/yr - ₹13 L/yr 61% more
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Tata Capital Cluster Credit Manager Salary 6 - 21 years exp. (5 salaries)	₹12.1 L/yr - ₹17 L/yr 116% more
Bharat Financial Inclusion Cluster Credit Manager Salary 0 - 6 years exp. (3 salaries)	₹4.3 L/yr - ₹7.9 L/yr 5% less

Cluster Credit Manager salary at IIFL Finance ranges between ₹6.3 Lakhs to ₹8.2 Lakhs per year for employees with experience between 7 years to 14 years. Salary estimates are based on 4 latest salaries received from various employees of IIFL Finance.

Experience wise IIFL Finance Cluster Credit Manager salaries

Last Updated: 18 Sep 2024

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.5 L/yr
8 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.5 L/yr
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12 years (AmbitionBox Estimate)	₹7.3 L/yr - ₹9.4 L/yr
14 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹7.2 L/yr

Similar Designation salaries in IIFL Finance

Area Credit Manager Salary

(28 salaries)

₹5.17 L/yr - ₹17.53 L/yr

Deputy Credit Manager Salary

(AmbitionBox Estimate)

₹5.9 L/yr - ₹7.5 L/yr

Branch Credit Manager Salary

(62 salaries)

₹1.74 L/yr - ₹6.94 L/yr

Zonal Credit Manager Salary

(4 salaries)

₹27 L/yr - ₹30 L/yr

Assistant Credit Manager Salary

(19 salaries)

₹3 L/yr - ₹6.5 L/yr

Regional Credit Manager Salary

(8 salaries)

₹18 L/yr - ₹28.6 L/yr

Credit Manager Salary

(167 salaries)

₹2.5 L/yr - ₹9.54 L/yr

Senior Credit Officer Salary

(7 salaries)

₹3.2 L/yr - ₹5 L/yr

Relationship Manager Salary

(448 salaries)

₹1.2 L/yr - ₹6.2 L/yr

Chief Manager Salary

(AmbitionBox Estimate)

₹13.4 L/yr - ₹17.1 L/yr

Salary related reviews for IIFL Finance

Branch Manager in Dholka

Full Time

Other Department

3.0

• posted on 16 Nov 2024

1.0

for Salary and Benefits

Likes

Good scheams to serve customers

Dislikes

Giving low salary and huge pressure over work load more than salary. Hieringe from compitition with huge salary but not giving them who are wintage and loyal to the company.

Branch Manager in Hyderabad / Secunderabad

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 31 Mar 2023

3.0

for Salary and Benefits

Likes

Value of positions, friendly nature with colleagues working areas,good customers at IIFL, salary intime credit employees,good service by employees for customers ,believed to customers iifl

Dislikes

Some politics have in promotion s and grade changes, not completed in time eligible employees by promotions,no value for old employees ,some branches business depend by only some employees because future time face to problems company,zero walk-in some locations.some IRAs misuse job rules .

Branch Credit Manager in Kolkata

Full Time

Finance & Accounting Department

4.0

• posted on 11 Jun 2023

4.0

for Salary and Benefits

Likes

Salary is good but work culture nd working time is not that much good If u r Ina branch level then u have to work for 14-16 hours in a day Like joining time morning 9am Nd closings time 12/1 pm

Dislikes

Heavy work pressure

Deputy Manager in Mumbai

Full Time

Data Science & Analytics Department

3.0

• posted on 06 Sep 2023

1.0

for Salary and Benefits

Likes

...wth. Seniors are very rude and insensitive and careless... No work life balance. No salary promotions. No bonuses.. bonus are delayed with less %

Dislikes

Senior behaviour with junior

Branch Manager in Jaipur

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 10 Oct 2018

5.0

for Salary and Benefits

Likes

Salary,learning

Dislikes

Work pressure is high, manager do not have value of person, senior does not guide only need business that's it. Job is not secure , mentaly pressure given by senior, company and top management is best but over all not satisfactory.

see more salary related reviews

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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IIFL Finance Cluster Credit Manager Salary FAQs

What is the salary of Cluster Credit Manager at IIFL Finance?

Cluster Credit Manager salary at IIFL Finance in India ranges between ₹6.3 Lakhs to ₹8.2 Lakhs for experience between 7 years to 14 years. According to our estimates it is 32% less than the average Cluster Credit Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of IIFL Finance India.

How does the salary of a Cluster Credit Manager at IIFL Finance India compare with the average salary range for this job?

The average salary of a Cluster Credit Manager at IIFL Finance is 32% less than the average salary of a Cluster Credit Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than IIFL Finance to a Cluster Credit Manager in India?

HDB Financial Services Cluster Credit Manager Salary - ₹12.8 Lakhs to ₹24.0 Lakhs per year
Bajaj Finance Cluster Credit Manager Salary - ₹12.3 Lakhs to ₹19.8 Lakhs per year
Tata Capital Cluster Credit Manager Salary - ₹12.1 Lakhs to ₹17.0 Lakhs per year
Piramal Capital Housing Finance Cluster Credit Manager Salary - ₹7.7 Lakhs to ₹19.7 Lakhs per year
Edelweiss Cluster Credit Manager Salary - ₹10.0 Lakhs to ₹14.3 Lakhs per year

What is the salary of a Cluster Credit Manager in companies similar to IIFL Finance in India?

Muthoot Fincorp Cluster Credit Manager Salary - ₹10.0 Lakhs to ₹13.0 Lakhs per year
SMFG India Credit Cluster Credit Manager Salary - ₹4.3 Lakhs to ₹17.9 Lakhs per year
Annapurna Finance Cluster Credit Manager Salary - ₹4.5 Lakhs to ₹16.0 Lakhs per year
IDFC FIRST Bharat Cluster Credit Manager Salary - ₹5.0 Lakhs to ₹11.2 Lakhs per year
Motilal Oswal Financial Services Cluster Credit Manager Salary - ₹5.8 Lakhs to ₹11.7 Lakhs per year

What is the estimated take home salary of a Cluster Credit Manager at IIFL Finance in India?

The estimated take-home salary of a Cluster Credit Manager at IIFL Finance ranges between ₹52,445 per month to ₹53,680 per month in India. The take-home salary calculation is based on the average IIFL Finance Cluster Credit Manager salary in India which ranges between ₹6.3 Lakhs to ₹8.2 Lakhs per year for employees with experience between 7 years to 14 years. Check how did we calculate take home salary?

What is the notice period for Cluster Credit Manager at IIFL Finance?

According to AmbitionBox, 100% of the IIFL Finance Cluster Credit Managers reported a notice period of 3 Months.This is based on 3 responses on AmbitionBox in last 2 years.

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IIFL Finance Cluster Credit Manager Salaries

IIFL Finance Cluster Credit Manager salary in India ranges between ₹6.3 Lakhs to ₹8.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 IIFL Finance latest salaries received from various employees of IIFL Finance.