L&T Finance Mumbai Area Credit Manager Salaries by 30+ Employees (Updated 2024)

3 - 13 years exp.

₹8 Lakhs - ₹20 Lakhs

Salary of majority employees

At par with the average Area Credit Manager Salary in NBFC Companies for 3 - 13 years of experience

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Salaries in different departments

BFSI, Investments & Trading Area Credit Manager Salary 3 - 13 years exp. (23 salaries)	₹8.1 L/yr - ₹20 L/yr
Finance & Accounting Area Credit Manager Salary 4 - 13 years exp. (4 salaries)	₹10.2 L/yr - ₹14.5 L/yr
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Risk Management & Compliance Area Credit Manager Salary 8 - 9 years exp. (AmbitionBox Estimate)	₹12.8 L/yr - ₹14 L/yr

Last Updated: 17 Dec 2024

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

L&T Finance Area Credit Manager Salary

3 - 13 years exp. (37 salaries)

₹8 L/yr - ₹20 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Area Credit Manager Salary 6 - 16 years exp. (27 salaries)	₹7.5 L/yr - ₹26 L/yr 42% more
ICICI Bank Area Credit Manager Salary 1 - 13 years exp. (44 salaries)	₹5.2 L/yr - ₹19 L/yr 4% less
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Axis Bank Area Credit Manager Salary 6 - 13 years exp. (26 salaries)	₹9.6 L/yr - ₹22.8 L/yr 16% more
Kotak Mahindra Bank Area Credit Manager Salary 4 - 10 years exp. (15 salaries)	₹7 L/yr - ₹18 L/yr 8% more
Bajaj Finance Area Credit Manager Salary 2 - 8 years exp. (4 salaries)	₹9.5 L/yr - ₹10.6 L/yr 20% less
Tata Capital Area Credit Manager Salary 3 - 13 years exp. (21 salaries)	₹10.4 L/yr - ₹30 L/yr 50% more	26 job openings
HDB Financial Services Area Credit Manager Salary 8 - 18 years exp. (16 salaries)	₹7 L/yr - ₹17.5 L/yr 11% less	1 job opening
IIFL Finance Area Credit Manager Salary 4 - 9 years exp. (10 salaries)	₹9 L/yr - ₹11.1 L/yr 20% less
Poonawalla Fincorp Area Credit Manager Salary 5 - 13 years exp. (8 salaries)	₹6.5 L/yr - ₹18.7 L/yr 14% less	3 job openings
PNB Housing Finance Area Credit Manager Salary 4 - 9 years exp. (7 salaries)	₹12 L/yr - ₹22 L/yr 14% more	1 job opening
Aditya Birla Capital Area Credit Manager Salary 7 - 11 years exp. (7 salaries)	₹10 L/yr - ₹16 L/yr 11% more
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Aavas Financiers Area Credit Manager Salary 6 - 11 years exp. (5 salaries)	₹6.7 L/yr - ₹11.5 L/yr 28% less

Area Credit Manager salary at L&T Finance ranges between ₹8 Lakhs to ₹20 Lakhs per year for employees with experience between 3 years to 13 years. Salary estimates are based on 37 latest salaries received from various employees of L&T Finance.

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

Last Updated: 17 Dec 2024

Experience	Avg Annual Salary
3 years (5 salaries)	₹11.1 L/yr - ₹13 L/yr
4 years (3 salaries)	₹8.1 L/yr - ₹14.5 L/yr
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5 years (3 salaries)	₹8 L/yr - ₹16 L/yr
6 years (7 salaries)	₹9.4 L/yr - ₹16 L/yr
7 years (AmbitionBox Estimate)	₹10.2 L/yr - ₹20 L/yr
8 years (4 salaries)	₹10 L/yr - ₹23.5 L/yr
9 years (6 salaries)	₹8.5 L/yr - ₹14 L/yr
10 years (AmbitionBox Estimate)	₹10.6 L/yr - ₹15.4 L/yr
11 years (AmbitionBox Estimate)	₹8.5 L/yr - ₹14.7 L/yr
12 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹18 L/yr
13 years (AmbitionBox Estimate)	₹10 L/yr - ₹14.5 L/yr

View all

Similar Designation salaries in L&T Finance

Credit Manager Salary

(19 salaries)

₹6 L/yr - ₹14 L/yr

Credit Officer Salary

(14 salaries)

₹2.15 L/yr - ₹3.75 L/yr

Sales Manager Salary

(13 salaries)

₹3 L/yr - ₹10.5 L/yr

Relationship Manager Salary

(12 salaries)

₹3 L/yr - ₹11 L/yr

Top skills at L&T Finance for Area Credit Manager

Credit Management Competitive Benchmarking Credit Policy Report Writing Credit Appraisal Product Sales Credit Credit Underwriting Credit Risk Analysis Analysis Area Sales Credit Evaluation Underwriting

Salary related reviews for L&T Finance

4.0

Rated by 2 employees for salary & benefits

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

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.

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.

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

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.

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

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.

Branch Manager in Mysuru / Mysore

Branch maneger Department

5.0

• posted on 28 Apr 2022

4.0

for Salary and Benefits

Likes

Good work environment and culture teammates are supportive and the management is transparent. There is a huge cafeteria and gaming arcade for chilling company

Dislikes

There is a lot of plolitices and the management doesn't address our issues salary is decent but career grouth is slow there is a beautiful ND of 5 years before which 4th of cannot resign on the job

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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L&T Finance Area Credit Manager Salary FAQs

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

Area Credit Manager salary at L&T Finance in Mumbai ranges between ₹8.0 Lakhs to ₹20.0 Lakhs for experience between 3 years to 13 years. According to our estimates it is 3% more than the average Area Credit Manager Salary in India. Salary estimates are based on 37 latest salaries received from various employees of L&T Finance Mumbai.

How does the salary of a Area Credit Manager at L&T Finance Mumbai compare with the average salary range for this job?

The average salary of a Area Credit Manager at L&T Finance is 3% more than the average salary of a Area Credit Manager in Mumbai. To know exact salary insights, login to view.

What are the top skills required to work as a Area Credit Manager at L&T Finance?

Credit Management, Competitive Benchmarking, Credit Policy, Report Writing and Credit Appraisal are some of the popular skills required to work as a Area Credit Manager at L&T Finance Mumbai.

Which similar companies are paying more than L&T Finance to a Area Credit Manager in Mumbai?

Tata Capital Area Credit Manager Salary - ₹10.4 Lakhs to ₹30.0 Lakhs per year
HDFC Bank Area Credit Manager Salary - ₹7.5 Lakhs to ₹26.0 Lakhs per year
Axis Bank Area Credit Manager Salary - ₹9.6 Lakhs to ₹22.8 Lakhs per year
PNB Housing Finance Area Credit Manager Salary - ₹12.0 Lakhs to ₹22.0 Lakhs per year
Aditya Birla Capital Area Credit Manager Salary - ₹10.0 Lakhs to ₹16.0 Lakhs per year

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

Kotak Mahindra Bank Area Credit Manager Salary - ₹7.0 Lakhs to ₹18.0 Lakhs per year
ICICI Bank Area Credit Manager Salary - ₹5.2 Lakhs to ₹19.0 Lakhs per year
HDB Financial Services Area Credit Manager Salary - ₹7.0 Lakhs to ₹17.5 Lakhs per year
Poonawalla Fincorp Area Credit Manager Salary - ₹6.5 Lakhs to ₹18.7 Lakhs per year
Bajaj Finance Area Credit Manager Salary - ₹9.5 Lakhs to ₹10.6 Lakhs per year

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

The estimated take-home salary of a Area Credit Manager at L&T Finance ranges between ₹92,017 per month to ₹94,480 per month in Mumbai. The take-home salary calculation is based on the average L&T Finance Area Credit Manager salary in India which ranges between ₹8.0 Lakhs to ₹20.0 Lakhs per year for employees with experience between 3 years to 13 years. Check how did we calculate take home salary?

What is the notice period for Area Credit Manager at L&T Finance in Mumbai?

According to AmbitionBox, 73% of the L&T Finance Area Credit Managers in Mumbai reported a notice period of 3 Months, 12% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 26 responses on AmbitionBox in last 2 years.

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L&T Finance Area Credit Manager Salaries in Mumbai

L&T Finance Area Credit Manager salary in Mumbai ranges between ₹8 Lakhs to ₹20 Lakhs with an average annual salary of ₹. Salary estimates are based on 37 L&T Finance latest salaries received from various employees of L&T Finance.