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Kotak Mahindra Bank Loan Officer salaries in India (Updated 2025)

Annual salary range
0 - 6 years exp.
₹2 Lakhs - ₹3 Lakhs
Salary of majority employees
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9% less than the average Loan Officer Salary in Banking Companies for 0 - 6 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Loan Officer Salary
0 - 5 years exp. (4 salaries)
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₹2.4 L/yr - ₹2.5 L/yr

Finance & Accounting
Loan Officer Salary
4 - 6 years exp. (4 salaries)
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₹2 L/yr - ₹2.6 L/yr

Sales & Business Development
Loan Officer Salary
0 - 1 year exp. (AmbitionBox Estimate)
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₹2.2 L/yr - ₹3 L/yr

Last Updated: 3 Feb 2025

Companies similar to Kotak Mahindra Bank for Loan Officer

Company name Avg Annual Salary Open Jobs
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HDFC Bank Loan Officer Salary

0 - 5 years exp. (107 salaries)

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₹1.2 L/yr - ₹5 L/yr

arrow icon 20% more
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ICICI Bank Loan Officer Salary

1 - 8 years exp. (23 salaries)

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₹1.8 L/yr - ₹6 L/yr

arrow icon 18% more
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Axis Bank Loan Officer Salary

0 - 5 years exp. (32 salaries)

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₹1.6 L/yr - ₹3.3 L/yr

arrow icon 15% less
3 job openings
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State Bank of India Loan Officer Salary

1 - 8 years exp. (13 salaries)

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₹2.3 L/yr - ₹5.1 L/yr

arrow icon 73% more
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Bajaj Finance Loan Officer Salary

0 - 6 years exp. (14 salaries)

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₹1.3 L/yr - ₹3 L/yr

arrow icon 3% more
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IndusInd Bank Loan Officer Salary

0 - 5 years exp. (33 salaries)

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₹1.5 L/yr - ₹4.2 L/yr

arrow icon 12% more
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IDFC FIRST Bank Loan Officer Salary

0 - 5 years exp. (44 salaries)

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₹1.5 L/yr - ₹3.8 L/yr

At par
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RBL Bank Loan Officer Salary

0 - 5 years exp. (48 salaries)

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₹1.2 L/yr - ₹3.5 L/yr

arrow icon 21% less
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Federal Bank Loan Officer Salary

1 - 2 years exp. (4 salaries)

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₹1.3 L/yr - ₹3.5 L/yr

arrow icon 7% less
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Ujjivan Small Finance Bank Loan Officer Salary

0 - 9 years exp. (354 salaries)

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₹1.7 L/yr - ₹4.3 L/yr

arrow icon 24% more
3 job openings
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Bandhan Bank Loan Officer Salary

0 - 6 years exp. (27 salaries)

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₹1.7 L/yr - ₹4.1 L/yr

arrow icon 13% more
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Jana Small Finance Bank Loan Officer Salary

0 - 6 years exp. (13 salaries)

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₹1.5 L/yr - ₹3.1 L/yr

arrow icon 8% less
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IDBI Bank Loan Officer Salary

0 - 11 years exp. (7 salaries)

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₹2 L/yr - ₹7 L/yr

arrow icon 142% more
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Canara Bank Loan Officer Salary

1 - 8 years exp. (5 salaries)

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₹1.4 L/yr - ₹10 L/yr

arrow icon 137% more
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₹3.5 L/yr - ₹4.5 L/yr

arrow icon 53% more
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₹1.2 L/yr - ₹3.6 L/yr

arrow icon 9% less
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Bank of Baroda Loan Officer Salary

5 - 6 years exp. (4 salaries)

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₹7 L/yr - ₹12 L/yr

arrow icon 296% more
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Karur Vysya Bank Loan Officer Salary

0 - 9 years exp. (3 salaries)

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₹1.6 L/yr - ₹10.9 L/yr

arrow icon 95% more
Loan Officer salary at Kotak Mahindra Bank ranges between ₹2 Lakhs to ₹3 Lakhs per year for employees with less than 1 year of experience to 6 years. Salary estimates are based on 14 latest salaries received from various employees of Kotak Mahindra Bank.

Latest annual salaries shared by Kotak Mahindra Bank Loan Officer

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6 years exp.
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Experience wise Kotak Mahindra Bank Loan Officer salaries

Last Updated: 3 Feb 2025

Experience Avg Annual Salary
Fresher  (4 salaries)

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₹2.2 L/yr - ₹3 L/yr
1 year  (3 salaries)

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₹2.2 L/yr - ₹4.6 L/yr
2 years (AmbitionBox Estimate)

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₹2.5 L/yr - ₹3 L/yr
3 years (AmbitionBox Estimate)

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₹2.2 L/yr - ₹2.9 L/yr
4 years (AmbitionBox Estimate)

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₹2 L/yr - ₹4.4 L/yr
View all

Similar Designation salaries in Kotak Mahindra Bank

Sales Officer Salary
(343 salaries)
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₹1.15 L/yr - ₹4.3 L/yr
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₹1.6 L/yr - ₹4.8 L/yr
Branch Manager Salary
(1k salaries)
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₹7 L/yr - ₹26 L/yr
Team Lead Salary
(422 salaries)
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₹1.5 L/yr - ₹6.76 L/yr
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₹2 L/yr - ₹6.5 L/yr
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₹1.85 L/yr - ₹3.5 L/yr
Sales Manager Salary
(868 salaries)
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₹2.04 L/yr - ₹10 L/yr
Analyst Salary
(26 salaries)
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₹2.41 L/yr - ₹12 L/yr
Deputy Manager Salary
(11.3k salaries)
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₹1.65 L/yr - ₹8.5 L/yr
Accountant Salary
(67 salaries)
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₹1.55 L/yr - ₹4.6 L/yr

Salary related reviews for Kotak Mahindra Bank

4.0

Rated by 5 employees for salary & benefits

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.

read more
  • Job security - Good
  • +2 more

Dislikes

Salary, promortion - these are the worst over here.

  • Salary - Poor
  • +1 more

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.

read more
  • 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.

read more
  • Work satisfaction - Bad
  • +2 more

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.

read more
  • Salary - Poor
  • +4 more

Full Time

 · 

Finance & Accounting Department

3.0
  •  posted on 30 Dec 2023

3.0
 for  Salary and Benefits

Likes

Work life balance is very good. That is the only good part.

  • Work-life balance - Good

Dislikes

Gratuity to be paid after 5 yrs is added in CTC. Salary hike is not more than 5% if ur not a CA. Manager will forcibly tell us to come to Diwali party and other festivities but will not pay a single rupee for food and fun activities. Employees are forced to pay. Even picnics are organised on employee money but bank does not pays a single rupee. And if any employee refuses to pay then they r accused on non bonding wid team.

read more
  • Skill development - Poor
  • +1 more

Full Time

 · 

Customer Success, Service & Operations Department

3.0
  •  posted on 18 Nov 2023

2.0
 for  Salary and Benefits

Likes

Work profile and process is good.

Dislikes

Bad management they hire TL who ask money from their employees and do not return. no work-life balance less salary package only fancy designations are given which does not have a value in the market if u go out.No job security HR listens more to management then employees do not support after you leave the job or be on the job.They do not invest in their system updates but only on themselves.

read more
  • Salary - Poor
  • +4 more
see more salary related reviews

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Kotak Mahindra Bank Loan Officer Salary FAQs

What is the salary of Loan Officer at Kotak Mahindra Bank ?
The average salary of a Loan Officer at Kotak Mahindra Bank in India typically ranges from ₹2.0 Lakhs to ₹3.0 Lakhs per year, depending on experience (from Fresher to 6 years).

The top 10% of Loan Officer at Kotak Mahindra Bank earn more than ₹3.0 Lakhs per year, and the top 1% earn over ₹3.0 Lakhs per year. Loan Officer 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 10+ Kotak Mahindra Bank employees in India.
What is the estimated take home salary of a Loan Officer at Kotak Mahindra Bank in India?
The estimated take-home salary of a Loan Officer at Kotak Mahindra Bank in India typically ranges from ₹17,355 to ₹19,058 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹3.0 Lakhs per year for employees with experience ranging from Fresher to 6 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 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 Officer in India?
Bank of Baroda ₹7.0 Lakhs to ₹12.0 Lakhs per year
IDBI Bank ₹2.0 Lakhs to ₹7.0 Lakhs per year
Canara Bank ₹1.4 Lakhs to ₹10.0 Lakhs per year
Karur Vysya Bank ₹1.6 Lakhs to ₹10.9 Lakhs per year
State Bank of India ₹2.3 Lakhs to ₹5.1 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 Officer in companies similar to Kotak Mahindra Bank in India?
The salary of a Loan Officer at companies similar to Kotak Mahindra Bank in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

The Saraswat Co-operative Bank ₹3.5 Lakhs to ₹4.5 Lakhs per year
Ujjivan Small Finance Bank ₹1.7 Lakhs to ₹4.3 Lakhs per year
HDFC Bank ₹1.2 Lakhs to ₹5.0 Lakhs per year
ICICI Bank ₹1.8 Lakhs to ₹6.0 Lakhs per year
Bandhan Bank ₹1.7 Lakhs to ₹4.1 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 Officer at Kotak Mahindra Bank in India?
The salary growth for a Loan Officer at Kotak Mahindra Bank depends on factors such as experience, performance, and promotions. On average, a Loan Officer can expect the following growth trajectory at Kotak Mahindra Bank:

Experience Average Salary Range
Fresher ₹2.2 Lakhs to ₹3.0 Lakhs per year
1 year ₹2.2 Lakhs to ₹4.6 Lakhs per year
2 years ₹2.5 Lakhs to ₹3.0 Lakhs per year
3 years ₹2.2 Lakhs to ₹2.9 Lakhs per year
and so on.

Tell us how to improve this page.

Kotak Mahindra Bank Loan Officer salary in India ranges between ₹2 Lakhs to ₹3 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 14 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.