IIFL SAMASTA Indore Credit Manager Salaries by 4 Employees

3 - 5 years exp.

₹4 Lakhs - ₹5 Lakhs

Avg. annual salary

Monthly In-hand Salary

37% less than the average Credit Manager Salary in NBFC Companies for 3 - 5 years of experience

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Salaries in different departments

BFSI, Investments & Trading Credit Manager Salary 5 years exp. (AmbitionBox Estimate)	₹3.1 L/yr - ₹5 L/yr
Customer Success, Service & Operations Credit Manager Salary 3 years exp. (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.9 L/yr
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Finance & Accounting Credit Manager Salary 4 years exp. (AmbitionBox Estimate)	₹4 L/yr - ₹5.9 L/yr

Last Updated: 10 Jan 2024

Companies similar to IIFL SAMASTA for Credit Manager in Indore

IIFL SAMASTA Credit Manager Salary

3 - 5 years exp. (4 salaries)

₹4 L/yr - ₹5 L/yr

Company name	Avg Annual Salary	Open Jobs
Aavas Financiers Credit Manager Salary 1 - 10 years exp. (11 salaries)	₹2.5 L/yr - ₹8 L/yr 32% more	6 job openings
Tata Capital Credit Manager Salary 2 - 10 years exp. (11 salaries)	₹5.5 L/yr - ₹13.2 L/yr 78% more	6 job openings
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Annapurna Finance Credit Manager Salary 3 - 9 years exp. (8 salaries)	₹3.4 L/yr - ₹4.6 L/yr 14% less
Bajaj Finance Credit Manager Salary 1 - 9 years exp. (8 salaries)	₹3.6 L/yr - ₹8 L/yr 39% more	4 job openings
Poonawalla Fincorp Credit Manager Salary 1 - 7 years exp. (8 salaries)	₹5.3 L/yr - ₹8.6 L/yr 65% more
Mahindra Rural Housing Finance Credit Manager Salary 1 - 6 years exp. (5 salaries)	₹2.2 L/yr - ₹6.5 L/yr 5% less
Capri Global Capital Credit Manager Salary 2 - 7 years exp. (5 salaries)	₹6.2 L/yr - ₹8.2 L/yr 41% more
Aditya Birla Finance Credit Manager Salary 4 - 6 years exp. (4 salaries)	₹7 L/yr - ₹9.2 L/yr 62% more
IIFL Finance Credit Manager Salary 1 - 6 years exp. (3 salaries)	₹3.7 L/yr - ₹7.3 L/yr 33% more
Aye Finance Credit Manager Salary 5 - 10 years exp. (3 salaries)	₹3.8 L/yr - ₹5.3 L/yr 2% more
SK Finance Limited Credit Manager Salary 6 - 10 years exp. (3 salaries)	₹3.9 L/yr - ₹5 L/yr At par
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Credit Manager salary at IIFL SAMASTA ranges between ₹4 Lakhs to ₹5 Lakhs per year for employees with experience between 3 years to 5 years. Salary estimates are based on 4 latest salaries received from various employees of IIFL SAMASTA.

Experience wise IIFL SAMASTA Credit Manager salaries in Indore

Last Updated: 10 Jan 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.3 L/yr
4 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
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5 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹5 L/yr

Similar Designation salaries in IIFL SAMASTA

Cluster Credit Manager Salary

(6 salaries)

₹7 L/yr - ₹13.26 L/yr

Branch Credit Manager Salary

(5 salaries)

₹2.16 L/yr - ₹3.25 L/yr

Top skills at IIFL SAMASTA for Credit Manager

Credit Appraisal Credit Management Credit Underwriting Credit Assessment Credit Analysis

Salary related reviews for IIFL SAMASTA

Branch Credit Manager in Kavali

Full Time

Finance & Accounting Department

3.0

• posted on 24 Dec 2024

4.0

for Salary and Benefits

Likes

On time salary

Salary - Good

+1 more

Dislikes

Actual time is 9.30 to 5.30 but in reality we work 6.30 to 7.00 sometime 8:30pm. No respect for women employee. Sometime BM force to deviate the work if we said no for it bm will targets employee. Today i resign because of that type of manager.

Promotions - Bad

+1 more

Cluster Credit Manager in Tirunelveli

Full Time

Risk Management & Compliance Department

1.0

• posted on 23 Oct 2024

3.0

for Salary and Benefits

Likes

Nothing

Promotions - Good

Dislikes

...on you will be treated differently.No one got their Reliving letter on due date.All existing employees had hold their minimum 1st month salary on their current employers.Existing employees to beg HR for their Reliving letter on daily basis.No one response and you felt why I worked at this ........ company.

Skill development - Poor

+4 more

Branch Credit Manager (working remotely)

Full Time

Customer Success, Service & Operations Department

5.0

• posted on 27 Nov 2024

3.0

for Salary and Benefits

Likes

The company fosters a positive work culture with no internal politics, ensuring a harmonious environment. Promotions are performance-based, motivating employees to excel. Additionally, there is a strong focus on employee learning and development, empowering individuals to grow professionally."

Skill development - Excellent

+4 more

Dislikes

Work Life Balance & Interional Promoted employee salary hike ,As per vintage Salary No

Work-life balance - Poor

Branch Credit Manager in Bhairoganj Bihar

Full Time

Other Department

5.0

• posted on 02 Apr 2023

3.0

for Salary and Benefits

Likes

I Good fill because I am work in iifl Samasta Finance ltd wrok experience in Samasta 3 years four months I am joining for cro post but company promot BCM I am very happy I am do good work than company give me next opportunity in Branch Credit Manager

Skill development - Excellent

+5 more

Dislikes

No any dislike point my hand his company but I am one question October 2022 all bcm salary excrement but not excrement my salary please next time will take care and same rules apply all bcm I am fill vary happy because at work great organization

Branch Manager (working remotely)

Full Time

Sales Department

1.0

• posted on 26 Dec 2022

1.0

for Salary and Benefits

Likes

...about. The worst place to work. After getting offer letter confirm your net pay. Because there is deduction only from your salary. You will never get what was offered to you. There is no management no proper hr team. There is no leaves, even if you are getting married or you met with accident.

Dislikes

Can't explain. I will need months to explain. It will never end.

Salary - Bad

+6 more

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What people are saying about IIFL SAMASTA

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an application support associate

Need advice

Hi, I have been working in an organisation(bangalore )from june 2023 to as of now as application support, now am thinking of switching job because of toxic culture, no skills improvement and unsatisfied salary with 6day working, at the same Time am fearing/nervous what if not getting job after resign. Any suggestions?

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IIFL SAMASTA Credit Manager Salary FAQs

What is the salary of Credit Manager at IIFL SAMASTA in Indore?

The average salary of a Credit Manager at IIFL SAMASTA in Indore typically ranges from ₹4.0 Lakhs to ₹5.0 Lakhs per year, depending on experience (from 3 years to 5 years).

The top 10% of Credit Manager in Indore at IIFL SAMASTA earn more than ₹5.0 Lakhs per year, and the top 1% earn over ₹5.0 Lakhs per year. Credit Manager Salaries at IIFL SAMASTA 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 SAMASTA employees in India.

What is the estimated take home salary of a Credit Manager at IIFL SAMASTA in Indore?

The estimated take-home salary of a Credit Manager at IIFL SAMASTA in Indore typically ranges from ₹33,290 to ₹34,555 per month. This is based on the average salary range of ₹4.0 Lakhs to ₹5.0 Lakhs per year for employees with experience ranging from 3 years to 5 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 SAMASTA. 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 SAMASTA in Indore?

To be a Credit Manager at IIFL SAMASTA in Indore, the key skills required include:

- Credit Appraisal
- Credit Management
- Credit Underwriting
- Credit Assessment
- Credit Analysis

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

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

Tata Capital	₹5.5 Lakhs to ₹13.2 Lakhs per year
Poonawalla Fincorp	₹5.3 Lakhs to ₹8.6 Lakhs per year
Aditya Birla Finance	₹7.0 Lakhs to ₹9.2 Lakhs per year
Capri Global Capital	₹6.2 Lakhs to ₹8.2 Lakhs per year
Bajaj Finance	₹3.6 Lakhs to ₹8.0 Lakhs per year

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

What is the salary of a Credit Manager in companies similar to IIFL SAMASTA in Indore?

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

IIFL Finance	₹3.7 Lakhs to ₹7.3 Lakhs per year
Aavas Financiers	₹2.5 Lakhs to ₹8.0 Lakhs per year
Aye Finance	₹3.8 Lakhs to ₹5.3 Lakhs per year
SK Finance Limited	₹3.9 Lakhs to ₹5.0 Lakhs per year
Mahindra Rural Housing Finance	₹2.2 Lakhs to ₹6.5 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 Credit Manager at IIFL SAMASTA in Indore?

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

Experience	Average Salary Range
3 years	₹3.3 Lakhs to ₹4.3 Lakhs per year
4 years	₹3.6 Lakhs to ₹4.6 Lakhs per year
5 years	₹3.9 Lakhs to ₹5.0 Lakhs per year

and so on.

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IIFL SAMASTA Credit Manager Salaries in Indore

IIFL SAMASTA Credit Manager salary in Indore ranges between ₹4 Lakhs to ₹5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 IIFL SAMASTA latest salaries received from various employees of IIFL SAMASTA.