Kotak Mahindra Bank Loan Manager Salaries by 4 Employees (Updated 2025)

4 - 7 years exp.

₹3 Lakhs - ₹9.8 Lakhs

Low Confidence

Salary of majority employees

29% more than the average Loan Manager Salary in Banking Companies for 4 - 7 years of experience

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Salaries in different departments

BFSI, Investments & Trading Loan Manager Salary 7 years exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.3 L/yr
Customer Success, Service & Operations Loan Manager Salary 4 years exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.3 L/yr
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Finance & Accounting Loan Manager Salary 6 years exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.3 L/yr

Last Updated: 22 Jan 2025

Companies similar to Kotak Mahindra Bank for Loan Manager

Company name	Avg Annual Salary	Open Jobs
IndusInd Bank Loan Manager Salary 0 - 5 years exp. (5 salaries)	₹1.1 L/yr - ₹4 L/yr 43% less
Yes Bank Loan Manager Salary 3 - 7 years exp. (5 salaries)	₹5 L/yr - ₹6.5 L/yr 19% more
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IDFC FIRST Bank Loan Manager Salary 5 - 10 years exp. (5 salaries)	₹2.9 L/yr - ₹7.3 L/yr 2% more
Ujjivan Small Finance Bank Loan Manager Salary 4 - 9 years exp. (5 salaries)	₹2.4 L/yr - ₹4 L/yr 37% less
HDFC Bank Loan Manager Salary 10 - 14 years exp. (4 salaries)	₹5.1 L/yr - ₹6 L/yr 20% more
Bandhan Bank Loan Manager Salary 4 - 8 years exp. (4 salaries)	₹2.8 L/yr - ₹4.4 L/yr 31% less

Loan Manager salary at Kotak Mahindra Bank ranges between ₹3 Lakhs to ₹9.8 Lakhs per year for employees with experience between 4 years to 7 years. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Loan Manager salaries

Last Updated: 22 Jan 2025

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹3 L/yr - ₹11.3 L/yr
5 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹9.8 L/yr
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6 years (AmbitionBox Estimate)	₹3 L/yr - ₹8.3 L/yr
7 years (AmbitionBox Estimate)	₹3 L/yr - ₹6.8 L/yr

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Salary related reviews for Kotak Mahindra Bank

Senior Relationship Manager in Ranchi

Full Time

Sales & Business Development Department

1.0

• posted on 02 Mar 2025

2.0

for Salary and Benefits

Likes

I don't remember a single thing which gave me a satisfaction

Dislikes

Threatening every day Too much work pressure Conveyance not easy,in the hands of boss Every single hour you have to justify your salary No proper support from senior management in the form of needs for fulfilling duties Small company and daily even after joining 3 months you will start getting threatening from supervisor. Poorest leadership...Good for nothing

Salary - Poor

+6 more

Assistant Vice President in Ernakulam

Full Time

Finance & Accounting Department

4.0

• posted on 02 Jul 2024

1.0

for Salary and Benefits

Likes

Work life balance No bad words from senior managers in my 10 years tenure with Kotak

Skill development - Good

+2 more

Dislikes

Low salary hike every year even for Achievers. If we have grade promotion they will give grade promotion this year and salary hike next year that too 4% extra with normal appraisal.

Salary - Bad

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

3.0

• posted on 11 Jun 2024

2.0

for Salary and Benefits

Likes

The company is good if you are mediocre in performance and can live with less payment. The company has less clients and similary cannot pay employees much. They have very less promotion buckets and blatantly lie to people for the same.

Job security - Good

+2 more

Dislikes

Salary, promortion - these are the worst over here.

Salary - Poor

+1 more

Deputy Manager in Vadodara

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 18 May 2024

3.0

for Salary and Benefits

Likes

Kotak pays good salary and promotions are totally based on your performance.

Skill development - Good

+1 more

Dislikes

The attrition rate is 56%, one of the highest in the industry. You don't get Saturdays and they act fussy when you ask for a well deserved general leave. The pressure of doing sales is eminent, even in impossible scenarios. The new CEO wants to make it JP morgan of India, but the way they are doing it is laughable.

Work satisfaction - Bad

+2 more

Deputy Manager in Kolkata

Full Time

Sales & Business Development Department

1.0

• posted on 10 Mar 2024

2.0

for Salary and Benefits

Likes

Apprisal system is based on own performance and productivity. No recommendation required from the any line managers.

Job security - Good

Dislikes

Not pay enough as per the industry. No work life balance as you have to work on weekends and public holidays. Toxic work culture along with bad words if sales is not happening. If sale's not completed the you have to spend your own money for the target achievement.

Salary - Poor

+4 more

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Kotak Mahindra Bank Loan Manager Salary FAQs

What is the salary of Loan Manager at Kotak Mahindra Bank ?

The average salary of a Loan Manager at Kotak Mahindra Bank in India typically ranges from ₹3.0 Lakhs to ₹9.8 Lakhs per year, depending on experience (from 4 years to 7 years).

The top 10% of Loan Manager at Kotak Mahindra Bank earn more than ₹10.6 Lakhs per year, and the top 1% earn over ₹10.6 Lakhs per year. Loan Manager Salaries at Kotak Mahindra Bank 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 Kotak Mahindra Bank employees in India.

What is the estimated take home salary of a Loan Manager at Kotak Mahindra Bank in India?

The estimated take-home salary of a Loan Manager at Kotak Mahindra Bank in India typically ranges from ₹37,599 to ₹38,800 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹9.8 Lakhs per year for employees with experience ranging from 4 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 4 salaries received from various employees of Kotak Mahindra Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Kotak Mahindra Bank for Loan Manager in India?

HDFC Bank	₹5.1 Lakhs to ₹6.0 Lakhs per year
Yes Bank	₹5.0 Lakhs to ₹6.5 Lakhs per year
IDFC FIRST Bank	₹2.9 Lakhs to ₹7.3 Lakhs per year

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

What is the salary of a Loan Manager in companies similar to Kotak Mahindra Bank in India?

The salary of a Loan Manager at companies similar to Kotak Mahindra Bank in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Bandhan Bank	₹2.8 Lakhs to ₹4.4 Lakhs per year
Ujjivan Small Finance Bank	₹2.4 Lakhs to ₹4.0 Lakhs per year
IndusInd Bank	₹1.1 Lakhs to ₹4.0 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 Kotak Mahindra Bank in India?

The salary growth for a Loan Manager at Kotak Mahindra Bank depends on factors such as experience, performance, and promotions. On average, a Loan Manager can expect the following growth trajectory at Kotak Mahindra Bank:

Experience	Average Salary Range
4 years	₹3.0 Lakhs to ₹11.3 Lakhs per year
5 years	₹2.2 Lakhs to ₹9.8 Lakhs per year
6 years	₹3.0 Lakhs to ₹8.3 Lakhs per year
7 years	₹3.0 Lakhs to ₹6.8 Lakhs per year

and so on.

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Kotak Mahindra Bank Loan Manager Salaries

Kotak Mahindra Bank Loan Manager salary in India ranges between ₹3 Lakhs to ₹9.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.