IIFL Finance Ludhiana Credit Manager Salaries by 4 Employees

0 - 4 years exp.

₹4 Lakhs - ₹7.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

20% less than the average Credit Manager Salary in NBFC Companies for 0 - 4 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading Credit Manager Salary 0 - 4 years exp. (3 salaries)	₹4 L/yr - ₹7.5 L/yr
Login to view exact salary
Finance & Accounting Credit Manager Salary Fresher (AmbitionBox Estimate)	₹4.5 L/yr - ₹7.8 L/yr

Last Updated: 30 Jul 2023

Companies similar to IIFL Finance for Credit Manager in Ludhiana

IIFL Finance Credit Manager Salary

0 - 4 years exp. (4 salaries)

₹4 L/yr - ₹7.5 L/yr

Company name	Avg Annual Salary	Open Jobs
DCB Bank Credit Manager Salary 4 - 9 years exp. (9 salaries)	₹3.5 L/yr - ₹9 L/yr 6% more	1 job opening
Kotak Mahindra Prime Credit Manager Salary 2 - 5 years exp. (4 salaries)	₹5 L/yr - ₹8.1 L/yr 33% more
Login to view exact salary
Edelweiss Credit Manager Salary 5 - 7 years exp. (3 salaries)	₹7 L/yr - ₹8.3 L/yr 23% more
Equitas Small Finance Bank Credit Manager Salary 7 - 10 years exp. (3 salaries)	₹5.8 L/yr - ₹11 L/yr 14% more	8 job openings
Capital Small Finance Bank Credit Manager Salary 7 - 12 years exp. (3 salaries)	₹4 L/yr - ₹6.3 L/yr 1% less

Credit Manager salary at IIFL Finance ranges between ₹4 Lakhs to ₹7.5 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 4 latest salaries received from various employees of IIFL Finance.

Experience wise IIFL Finance Credit Manager salaries in Ludhiana

Last Updated: 30 Jul 2023

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.4 L/yr
1 year (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.7 L/yr
Login to view exact salary
2 years (AmbitionBox Estimate)	₹4.7 L/yr - ₹6 L/yr
3 years (AmbitionBox Estimate)	₹5 L/yr - ₹6.4 L/yr
4 years (AmbitionBox Estimate)	₹5.2 L/yr - ₹6.7 L/yr

Top skills at IIFL Finance for Credit Manager

Credit Underwriting Credit Appraisal Underwriting Credit Management SME Business Loan Credit Assessment Credit Analysis Personal Loans Credit Risk Credit TL Credit Monitoring Credit Risk Analysis Team Leading

Salary related reviews for IIFL Finance

Credit Manager in Kolkata, Shakespeare Sarani, 700017.

BFSI, Investments & Trading Department

5.0

• posted on 05 Aug 2020

3.0

for Salary and Benefits

Likes

Teammates are supportive. Office environment are good & fair. Yearly hike in salary & bonus given. Company policy is workable & fair.

Skill development - Excellent

+1 more

Dislikes

...n in current covid 19 period as well as they're given notice entire credit team.salary deducted , no bonus & hike given in last financial.

Job security - Poor

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

Skill development - Excellent

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.

Salary - Bad

+4 more

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

Skill development - Excellent

+3 more

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 .

Job security - Poor

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

Salary - Good

+1 more

Dislikes

Heavy work pressure

Work satisfaction - Bad

+1 more

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

Salary - Bad

+5 more

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

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?

Got a question about IIFL Finance?

Ask anonymously on communities.

IIFL Finance Credit Manager Salary FAQs

What is the salary of Credit Manager at IIFL Finance in Ludhiana?

The average salary of a Credit Manager at IIFL Finance in Ludhiana typically ranges from ₹4.0 Lakhs to ₹7.5 Lakhs per year, depending on experience (from Fresher to 4 years).

The top 10% of Credit Manager in Ludhiana at IIFL Finance earn more than ₹7.5 Lakhs per year, and the top 1% earn over ₹7.5 Lakhs per year. Credit Manager Salaries at IIFL Finance 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 4 IIFL Finance employees in India.

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

The estimated take-home salary of a Credit Manager at IIFL Finance in Ludhiana typically ranges from ₹46,228 to ₹47,324 per month. This is based on the average salary range of ₹4.0 Lakhs to ₹7.5 Lakhs per year for employees with experience ranging from Fresher to 4 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 4 salaries received from various employees of IIFL Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Credit Manager at IIFL Finance in Ludhiana?

To be a Credit Manager at IIFL Finance in Ludhiana, the key skills required include:

- Credit Underwriting
- Credit Appraisal
- Underwriting
- Credit Management
- SME

These skills are highly valued at IIFL Finance and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than IIFL Finance for Credit Manager in India?

Kotak Mahindra Prime	₹5.0 Lakhs to ₹8.1 Lakhs per year
Edelweiss	₹7.0 Lakhs to ₹8.3 Lakhs per year
Equitas Small Finance Bank	₹5.8 Lakhs to ₹11.0 Lakhs per year
DCB Bank	₹3.5 Lakhs to ₹9.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by IIFL Finance, depending on the role and experience level.

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

The salary of a Credit Manager at companies similar to IIFL Finance in Ludhiana varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Capital Small Finance Bank

₹4.0 Lakhs to ₹6.3 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 Manager at IIFL Finance in Ludhiana?

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

Experience	Average Salary Range
Fresher	₹4.2 Lakhs to ₹5.4 Lakhs per year
1 year	₹4.5 Lakhs to ₹5.7 Lakhs per year
2 years	₹4.7 Lakhs to ₹6.0 Lakhs per year
3 years	₹5.0 Lakhs to ₹6.4 Lakhs per year

and so on.

Tell us how to improve this page.

Home >
Salaries >
IIFL Finance Salaries >
IIFL Finance Credit Manager Salaries >
IIFL Finance Credit Manager Salaries in Ludhiana

IIFL Finance Credit Manager salary in Ludhiana ranges between ₹4 Lakhs to ₹7.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 IIFL Finance latest salaries received from various employees of IIFL Finance.

IIFL Finance Credit Manager salaries in Ludhiana

Companies similar to IIFL Finance for Credit Manager in Ludhiana

Latest annual salaries shared by IIFL Finance Credit Manager in Ludhiana

Experience wise IIFL Finance Credit Manager salaries in Ludhiana

Top skills at IIFL Finance for Credit Manager

Salary related reviews for IIFL Finance

Credit Manager in Kolkata, Shakespeare Sarani, 700017.

Branch Manager in Dholka

Branch Manager in Hyderabad / Secunderabad

Branch Credit Manager in Kolkata

Deputy Manager in Mumbai

IIFL Finance Credit Manager Salary FAQs

Tell us how to improve this page.