L&T Finance Chennai Area Credit Manager Salaries by 8 Employees (Updated 2025)

7 - 12 years exp.

₹11.9 Lakhs - ₹14.2 Lakhs

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakhs

Monthly In-hand Salary

At par with the average Area Credit Manager Salary in NBFC Companies for 7 - 12 years of experience

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Salaries in different departments

BFSI, Investments & Trading Area Credit Manager Salary 7 - 11 years exp. (4 salaries)	₹11.9 L/yr - ₹14.9 L/yr
Finance & Accounting Area Credit Manager Salary 10 - 11 years exp. (AmbitionBox Estimate)	₹13 L/yr - ₹15.4 L/yr
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Risk Management & Compliance Area Credit Manager Salary 12 years exp. (AmbitionBox Estimate)	₹12.5 L/yr - ₹14.6 L/yr

Last Updated: 4 Jan 2025

Companies similar to L&T Finance for Area Credit Manager in Chennai

L&T Finance Area Credit Manager Salary

7 - 12 years exp. (8 salaries)

₹11.9 L/yr - ₹14.2 L/yr

Company name	Avg Annual Salary	Open Jobs
Ugro Capital Area Credit Manager Salary 6 - 8 years exp. (6 salaries)	₹10.5 L/yr - ₹15 L/yr 15% less
Poonawalla Fincorp Area Credit Manager Salary 5 - 12 years exp. (6 salaries)	₹4.8 L/yr - ₹20.3 L/yr 10% less
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Mahindra Finance Area Credit Manager Salary 7 - 10 years exp. (3 salaries)	₹5.5 L/yr - ₹14 L/yr 33% less
ICICI Bank Area Credit Manager Salary 2 - 13 years exp. (36 salaries)	₹4.5 L/yr - ₹18 L/yr 16% less
HDB Financial Services Area Credit Manager Salary 5 - 18 years exp. (14 salaries)	₹8.8 L/yr - ₹15 L/yr 16% less	3 job openings

Area Credit Manager salary at L&T Finance ranges between ₹11.9 Lakhs to ₹14.2 Lakhs per year for employees with experience between 7 years to 12 years. Salary estimates are based on 8 latest salaries received from various employees of L&T Finance.

Experience wise L&T Finance Area Credit Manager salaries in Chennai

Last Updated: 4 Jan 2025

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	₹11.7 L/yr - ₹15 L/yr
8 years (AmbitionBox Estimate)	₹11.9 L/yr - ₹15.2 L/yr
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9 years (AmbitionBox Estimate)	₹12.1 L/yr - ₹15.4 L/yr
10 years (AmbitionBox Estimate)	₹12.2 L/yr - ₹15.6 L/yr
11 years (AmbitionBox Estimate)	₹12.4 L/yr - ₹15.9 L/yr
12 years (AmbitionBox Estimate)	₹12.6 L/yr - ₹16.1 L/yr

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Similar Designation salaries in L&T Finance

Credit Officer Salary

(6 salaries)

₹1.95 L/yr - ₹3.5 L/yr

Regional Credit Manager Salary

(5 salaries)

₹20.23 L/yr - ₹23.8 L/yr

Credit Manager Salary

(4 salaries)

₹4.83 L/yr - ₹9.8 L/yr

Branch Credit Manager Salary

(3 salaries)

₹4.5 L/yr - ₹5.1 L/yr

Top skills at L&T Finance for Area Credit Manager

Financial Statements Collection Management Credit Risk Analysis Credit Policy Finance Credit Analysis Credit Management Salesforce Compliance Credit Underwriting Financial Analysis Portfolio Management Medical Billing Risk Assessment Accounts Receivable

Salary related reviews for L&T Finance

Rated by 1 employees for salary & benefits

Branch Manager in Hanwada

Full Time

Finance & Accounting Department

4.0

• posted on 10 Feb 2025

4.0

for Salary and Benefits

Likes

Work life Salary Skill development

Salary - Good

+4 more

Dislikes

Some kind of aggressive mentors monitoring, It's too worst to face and use some salary to work comparision words continue revert by supervisor and superior officials

Branch Manager in Madhubani

Full Time

Finance & Accounting Department

2.0

• posted on 01 Dec 2024

4.0

for Salary and Benefits

Likes

Salary credit on time in any condition

Salary - Good

+1 more

Dislikes

Leave Policy.if the senior wishes,he will make him work for 30 days in a month's.There is no Hr Policy.secondly even if you are eligible for prmotion,if your senior does not wants it then will not get promotion,and if your senior wants it but is not eligible then he will also get promotion.There is no Hr Policy at all.

Job security - Bad

+4 more

Branch Manager in Kochi

Full Time

Other Department

1.0

• posted on 01 Jul 2024

1.0

for Salary and Benefits

Likes

Nothing here to be liked

Dislikes

...ated people to save their job. If you complaints, you will be their next target. Mandatory yearly bonus is a part of your salary. Actually its not given. Always cutting your incentives.

Salary - Bad

+6 more

Branch Manager in Kusheshwar Asthan

Full Time

Sales & Business Development Department

4.0

• posted on 06 Aug 2024

4.0

for Salary and Benefits

Likes

When I was working in L&T finance I was feeling very good, I got promotion and salary benefits

Salary - Good

+1 more

Dislikes

I am telling you what happened to me, low level bosses make us work as per their wish, why is it not wrong, on small matters they tell us to resign.

Job security - Poor

+1 more

Branch Manager (working remotely)

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 20 Jan 2023

4.0

for Salary and Benefits

Likes

If you work well the company give quik promotion and good salary, Company s salary good but , benifits very worst

Salary - Good

+1 more

Dislikes

Hr benifits very worst, the higher or reporting manager are very worst people most. They like personal vanchens only.The company like employees benefits, but the reporting manager are don't care about employees benefits.communication lag in hr and employees, hr support only Regional manager concern about employees.No benifits for work this. Organisation.

Job security - Bad

+1 more

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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?

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L&T Finance Area Credit Manager Salary FAQs

What is the salary of Area Credit Manager at L&T Finance in Chennai?

The average salary of a Area Credit Manager at L&T Finance in Chennai typically ranges from ₹11.9 Lakhs to ₹14.2 Lakhs per year, depending on experience (from 7 years to 12 years).

The top 10% of Area Credit Manager in Chennai at L&T Finance earn more than ₹13.0 Lakhs per year, and the top 1% earn over ₹13.0 Lakhs per year. Area Credit Manager Salaries at L&T 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 8 L&T Finance employees in India.

What is the estimated take home salary of a Area Credit Manager at L&T Finance in Chennai?

The estimated take-home salary of a Area Credit Manager at L&T Finance in Chennai typically ranges from ₹93,686 to ₹96,204 per month. This is based on the average salary range of ₹11.9 Lakhs to ₹14.2 Lakhs per year for employees with experience ranging from 7 years to 12 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 8 salaries received from various employees of L&T Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Area Credit Manager at L&T Finance in Chennai?

To be a Area Credit Manager at L&T Finance in Chennai, the key skills required include:

- Financial Statements
- Collection Management
- Credit Risk Analysis
- Credit Policy
- Finance

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

What is the salary of a Area Credit Manager in companies similar to L&T Finance in Chennai?

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

Poonawalla Fincorp	₹4.8 Lakhs to ₹20.3 Lakhs per year
Ugro Capital	₹10.5 Lakhs to ₹15.0 Lakhs per year
HDB Financial Services	₹8.8 Lakhs to ₹15.0 Lakhs per year
ICICI Bank	₹4.5 Lakhs to ₹18.0 Lakhs per year
Mahindra Finance	₹5.5 Lakhs to ₹14.0 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 Area Credit Manager at L&T Finance in Chennai?

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

Experience	Average Salary Range
7 years	₹11.7 Lakhs to ₹15.0 Lakhs per year
8 years	₹11.9 Lakhs to ₹15.2 Lakhs per year
9 years	₹12.1 Lakhs to ₹15.4 Lakhs per year
10 years	₹12.2 Lakhs to ₹15.6 Lakhs per year

and so on.

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L&T Finance Area Credit Manager Salaries in Chennai

L&T Finance Area Credit Manager salary in Chennai ranges between ₹11.9 Lakhs to ₹14.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 L&T Finance latest salaries received from various employees of L&T Finance.