IIFL Finance Mumbai Loan Manager Salaries by 10 Employees (Updated 2025)

2 - 7 years exp.

₹3 Lakhs - ₹4.7 Lakhs

Avg. annual salary

Monthly In-hand Salary

5% less than the average Loan Manager Salary in NBFC Companies for 2 - 7 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

Sales & Business Development Loan Manager Salary 2 - 5 years exp. (3 salaries)	₹3 L/yr - ₹4.2 L/yr
Customer Success, Service & Operations Loan Manager Salary 4 - 5 years exp. (AmbitionBox Estimate)	₹3.1 L/yr - ₹4 L/yr
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Finance & Accounting Loan Manager Salary 3 - 7 years exp. (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.1 L/yr
BFSI, Investments & Trading Loan Manager Salary 5 years exp. (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.7 L/yr

Last Updated: 1 Feb 2025

Companies similar to IIFL Finance for Loan Manager in Mumbai

IIFL Finance Loan Manager Salary

2 - 7 years exp. (10 salaries)

₹3 L/yr - ₹4.7 L/yr

Company name	Avg Annual Salary	Open Jobs
Rupeek Loan Manager Salary 2 - 9 years exp. (9 salaries)	₹2.9 L/yr - ₹4.3 L/yr 5% more
indiagold Loan Manager Salary 3 - 8 years exp. (6 salaries)	₹4.3 L/yr - ₹5.5 L/yr 23% more
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Money2Me Finance Loan Manager Salary 2 - 5 years exp. (4 salaries)	₹2.6 L/yr - ₹3.5 L/yr 16% less
Master minds Loan Manager Salary 6 - 8 years exp. (3 salaries)	₹3 L/yr - ₹3.6 L/yr 7% less
Labdhi Lifestyle Limited Loan Manager Salary 10 - 13 years exp. (3 salaries)	₹7 L/yr - ₹7.5 L/yr 100% more

Loan Manager salary at IIFL Finance ranges between ₹3 Lakhs to ₹4.7 Lakhs per year for employees with experience between 2 years to 7 years. Salary estimates are based on 10 latest salaries received from various employees of IIFL Finance.

Experience wise IIFL Finance Loan Manager salaries in Mumbai

Last Updated: 1 Feb 2025

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
3 years (3 salaries)	₹3.1 L/yr - ₹3.6 L/yr
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4 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹4 L/yr
5 years (3 salaries)	₹3.1 L/yr - ₹4.7 L/yr
6 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.3 L/yr
7 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.4 L/yr

View all

Similar Designation salaries in IIFL Finance

Branch Manager Salary

(77 salaries)

₹2.15 L/yr - ₹7 L/yr

Deputy Manager Salary

(56 salaries)

₹3.5 L/yr - ₹10 L/yr

Credit Manager Salary

(48 salaries)

₹2.8 L/yr - ₹10.2 L/yr

Team Lead Salary

(23 salaries)

₹1.25 L/yr - ₹9.28 L/yr

Sales Manager Salary

(15 salaries)

₹2.85 L/yr - ₹7.2 L/yr

Accountant Salary

(7 salaries)

₹2 L/yr - ₹5.5 L/yr

Collections Manager Salary

(6 salaries)

₹4.4 L/yr - ₹6.5 L/yr

Area Sales Manager Salary

(3 salaries)

₹9.42 L/yr - ₹17 L/yr

Top skills at IIFL Finance for Loan Manager

Gold Loan gold Sales Field Sales Lead Generation Gold Loan Gold Loan Operations Finance NBFC Cross Sales English Grievance Handling Field Work Sales Management Marketing

Salary related reviews for IIFL Finance

3.5

Rated by 2 employees for salary & benefits

Loan Manager in New Delhi

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 14 Jul 2021

3.0

for Salary and Benefits

Likes

Company gives every year diwali bonus which is deducted from your salary

Dislikes

In the interview the HR said that you only make loans against the gold but did not tell about self sourcing targets which is disgusting

Skill development - Poor

+1 more

Loan Manager in Puducherry/Pondicherry, Puducherry

Full Time

Sales & Business Development Department

1.0

• posted on 21 May 2023

5.0

for Salary and Benefits

Likes

Only salary and incentives is ok

Salary - Excellent

Dislikes

when they recruited for LM they told us that they give leads and having 30% sales but they didn't gave any lead. Cornering employees, traveling allowance not giving, induction training was given by only video, operation process not get trained

Skill development - Bad

+5 more

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

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Salary Discussions, Hike & Promotions

Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

Option 1

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IIFL Finance Loan Manager Salary FAQs

What is the salary of Loan Manager at IIFL Finance in Mumbai?

The average salary of a Loan Manager at IIFL Finance in Mumbai typically ranges from ₹3.0 Lakhs to ₹4.7 Lakhs per year, depending on experience (from 2 years to 7 years).

The top 10% of Loan Manager in Mumbai at IIFL Finance earn more than ₹4.5 Lakhs per year, and the top 1% earn over ₹4.7 Lakhs per year. Loan 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 10 IIFL Finance employees in India.

What is the estimated take home salary of a Loan Manager at IIFL Finance in Mumbai?

The estimated take-home salary of a Loan Manager at IIFL Finance in Mumbai typically ranges from ₹26,868 to ₹28,279 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹4.7 Lakhs per year for employees with experience ranging from 2 years to 7 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 10 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 Loan Manager at IIFL Finance in Mumbai?

To be a Loan Manager at IIFL Finance in Mumbai, the key skills required include:

- Gold Loan
- gold
- Sales
- Field Sales
- Lead Generation

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 Loan Manager in India?

Labdhi Lifestyle Limited	₹7.0 Lakhs to ₹7.5 Lakhs per year
indiagold	₹4.3 Lakhs to ₹5.5 Lakhs per year
Rupeek	₹2.9 Lakhs to ₹4.3 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 Loan Manager in companies similar to IIFL Finance in Mumbai?

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

Master minds	₹3.0 Lakhs to ₹3.6 Lakhs per year
Money2Me Finance	₹2.6 Lakhs to ₹3.5 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 Loan Manager at IIFL Finance in Mumbai?

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

Experience	Average Salary Range
2 years	₹2.9 Lakhs to ₹3.7 Lakhs per year
3 years	₹3.1 Lakhs to ₹3.6 Lakhs per year
4 years	₹3.1 Lakhs to ₹4.0 Lakhs per year
5 years	₹3.1 Lakhs to ₹4.7 Lakhs per year

and so on.

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IIFL Finance Loan Manager Salaries in Mumbai

IIFL Finance Loan Manager salary in Mumbai ranges between ₹3 Lakhs to ₹4.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 10 IIFL Finance latest salaries received from various employees of IIFL Finance.