L&T Finance Mumbai Collection Officer Salaries by 10+ Employees (Updated 2024)

1 - 6 years exp.

₹1.5 Lakh - ₹3.8 Lakhs

Salary of majority employees

5% less than the average Collection Officer Salary in NBFC Companies for 1 - 6 years of experience

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Salaries in different departments

Customer Success, Service & Operations Collection Officer Salary 3 - 4 years exp. (3 salaries)	₹2.4 L/yr - ₹3.5 L/yr
Finance & Accounting Collection Officer Salary 3 - 4 years exp. (AmbitionBox Estimate)	₹2.4 L/yr - ₹3.5 L/yr
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Marketing & Communication Collection Officer Salary 3 - 5 years exp. (AmbitionBox Estimate)	₹2.4 L/yr - ₹2.7 L/yr
BFSI, Investments & Trading Collection Officer Salary 2 years exp. (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.6 L/yr

Last Updated: 27 Sep 2024

Companies similar to L&T Finance for Collection Officer in Mumbai

L&T Finance Collection Officer Salary

1 - 6 years exp. (16 salaries)

₹1.5 L/yr - ₹3.8 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Collection Officer Salary 0 - 7 years exp. (37 salaries)	₹1.5 L/yr - ₹3.5 L/yr 1% more
Kotak Mahindra Bank Collection Officer Salary 3 - 5 years exp. (6 salaries)	₹2 L/yr - ₹3.7 L/yr 4% more
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Bajaj Finance Collection Officer Salary 0 - 8 years exp. (17 salaries)	₹1.5 L/yr - ₹5.1 L/yr 43% more
HDB Financial Services Collection Officer Salary 0 - 8 years exp. (115 salaries)	₹1 L/yr - ₹4.5 L/yr 6% less	4 job openings
Sammaan Capital Limited Collection Officer Salary 0 - 9 years exp. (27 salaries)	₹2 L/yr - ₹3.6 L/yr 6% more
SMFG India Credit Collection Officer Salary 3 - 6 years exp. (12 salaries)	₹2 L/yr - ₹4 L/yr 29% more
IIFL Finance Collection Officer Salary 2 - 6 years exp. (6 salaries)	₹1.8 L/yr - ₹3.5 L/yr 10% more
Satin Creditcare Network Collection Officer Salary 2 - 6 years exp. (4 salaries)	₹2.5 L/yr - ₹3.5 L/yr 12% more
Shriram Finance Collection Officer Salary 3 - 6 years exp. (3 salaries)	₹2.2 L/yr - ₹3.5 L/yr 18% more

Collection Officer salary at L&T Finance ranges between ₹1.5 Lakh to ₹3.8 Lakhs per year for employees with experience between 1 year to 6 years. Salary estimates are based on 16 latest salaries received from various employees of L&T Finance.

Experience wise L&T Finance Collection Officer salaries in Mumbai

Last Updated: 27 Sep 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹1.6 L/yr - ₹4.3 L/yr
2 years (5 salaries)	₹1.5 L/yr - ₹2.5 L/yr
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3 years (5 salaries)	₹1.9 L/yr - ₹3.3 L/yr
4 years (3 salaries)	₹1 L/yr - ₹3.5 L/yr
5 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹4.7 L/yr
6 years (AmbitionBox Estimate)	₹1.1 L/yr - ₹3.8 L/yr

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Similar Designation salaries in L&T Finance

Officer Salary

(21 salaries)

₹1.2 L/yr - ₹2.8 L/yr

Sales Officer Salary

(12 salaries)

₹1.8 L/yr - ₹3.5 L/yr

Collections Manager Salary

(12 salaries)

₹4.45 L/yr - ₹8.15 L/yr

Senior Collection Officer Salary

(3 salaries)

₹2.05 L/yr - ₹3.05 L/yr

Top skills at L&T Finance for Collection Officer

Collections Finance Payment Collection Microfinance Collection Management Banking Recovery Debt Recovery Credit Collection Sales Financial Services

Salary related reviews for L&T Finance

4.6

Rated by 4 employees for salary & benefits

Collection Officer in Jabalpur

Full Time

Finance & Accounting Department

4.0

• posted on 05 Mar 2023

1.0

for Salary and Benefits

Likes

L and me Collection officer ki job me salary bhut kam hai traget pura karne k baad bhi incentive nahi aata loan dena bhi band kar diya

Dislikes

Work theek salary bhut jyda kam h jesa naam hai wesi bilkul nahi hai

Collection Officer in Kolkata

Full Time

Finance & Accounting Department

5.0

• posted on 02 Dec 2021

3.0

for Salary and Benefits

Likes

Very bad work environment.Teammates are supportive but management are not support any time.company appraisal is very very bad.no good salary & no bonus..

Dislikes

Career growth is very slow..actually lot of politics..no increments &no salary increase

Collection Officer in Bihar Sharif

Finance & Accounting Department

5.0

• posted on 06 Apr 2021

5.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Dislikes

There is a lot of politics and the management doesn't address our issues salary is decent but career growth is slow. There is a bond of 2 years before which you cannot resign on the job training is not given to new joining l

Collection Officer in Kumta

Finance & Accounting Department

5.0

• posted on 06 Feb 2021

5.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow. There is a bond of 2 years before which you cannot resign. On the job training is not given to new joinees

Collection Officer in Patna

Finance & Accounting Department

5.0

• posted on 01 Mar 2021

5.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year

Dislikes

There is a lot of politics and the management doesn't address aur issues salary is decent but career growth is slow there is a bond of 2 years before which you cannot resing. On the job training is not given to new joiners.

see more salary related reviews

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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 Collection Officer Salary FAQs

What is the salary of Collection Officer at L&T Finance Mumbai?

Collection Officer salary at L&T Finance in Mumbai ranges between ₹1.5 Lakhs to ₹3.8 Lakhs for experience between 1 years to 6 years. According to our estimates it is 5% less than the average Collection Officer Salary in India. Salary estimates are based on 16 latest salaries received from various employees of L&T Finance Mumbai.

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

The average salary of a Collection Officer at L&T Finance is 5% less than the average salary of a Collection Officer in Mumbai. To know exact salary insights, login to view.

What are the top skills required to work as a Collection Officer at L&T Finance?

Collections, Finance, Payment Collection, Microfinance and Collection Management are some of the popular skills required to work as a Collection Officer at L&T Finance Mumbai.

Which similar companies are paying more than L&T Finance to a Collection Officer in Mumbai?

Bajaj Finance Collection Officer Salary - ₹1.5 Lakhs to ₹5.1 Lakhs per year
SMFG India Credit Collection Officer Salary - ₹2.0 Lakhs to ₹4.0 Lakhs per year
Shriram Finance Collection Officer Salary - ₹2.2 Lakhs to ₹3.5 Lakhs per year
Satin Creditcare Network Collection Officer Salary - ₹2.5 Lakhs to ₹3.5 Lakhs per year
IIFL Finance Collection Officer Salary - ₹1.8 Lakhs to ₹3.5 Lakhs per year

What is the salary of a Collection Officer in companies similar to L&T Finance in Mumbai?

Sammaan Capital Limited Collection Officer Salary - ₹2.0 Lakhs to ₹3.6 Lakhs per year
Kotak Mahindra Bank Collection Officer Salary - ₹2.0 Lakhs to ₹3.7 Lakhs per year
HDFC Bank Collection Officer Salary - ₹1.5 Lakhs to ₹3.5 Lakhs per year
HDB Financial Services Collection Officer Salary - ₹1.0 Lakhs to ₹4.5 Lakhs per year

What is the estimated take home salary of a Collection Officer at L&T Finance in Mumbai?

The estimated take-home salary of a Collection Officer at L&T Finance ranges between ₹17,825 per month to ₹19,520 per month in Mumbai. The take-home salary calculation is based on the average L&T Finance Collection Officer salary in India which ranges between ₹1.5 Lakhs to ₹3.8 Lakhs per year for employees with experience between 1 years to 6 years. Check how did we calculate take home salary?

What is the notice period for Collection Officer at L&T Finance in Mumbai?

According to AmbitionBox, 50% of the L&T Finance Collection Officers in Mumbai reported a notice period of 3 Months, 25% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 4 responses on AmbitionBox in last 2 years.

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L&T Finance Collection Officer Salaries in Mumbai

L&T Finance Collection Officer salary in Mumbai ranges between ₹1.5 Lakh to ₹3.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 16 L&T Finance latest salaries received from various employees of L&T Finance.