L&T Finance Mumbai Collection Officer Salaries by 10+ Employees

1 - 6 years exp.

₹1.5 Lakh - ₹3.8 Lakhs

Salary of majority employees

7% less than the average Collection Officer Salary in NBFC Companies for 1 - 6 years of experience

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Salaries in different departments

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

Last Updated: 19 Dec 2024

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

L&T Finance Collection Officer Salary

1 - 6 years exp. (13 salaries)

₹1.5 L/yr - ₹3.8 L/yr

Company name	Avg Annual Salary	Open Jobs
Sammaan Capital Limited Collection Officer Salary 1 - 8 years exp. (22 salaries)	₹2 L/yr - ₹3.6 L/yr 10% more
SMFG India Credit Collection Officer Salary 3 - 6 years exp. (12 salaries)	₹2 L/yr - ₹4 L/yr 22% more
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IIFL Finance Collection Officer Salary 1 - 10 years exp. (7 salaries)	₹2.2 L/yr - ₹4 L/yr 30% more
Ugro Capital Collection Officer Salary 1 - 6 years exp. (6 salaries)	₹2.8 L/yr - ₹3.8 L/yr 44% more
Shriram Finance Collection Officer Salary 3 - 8 years exp. (5 salaries)	₹2.2 L/yr - ₹3.5 L/yr 26% more
Satin Creditcare Network Collection Officer Salary 2 - 6 years exp. (4 salaries)	₹2.5 L/yr - ₹3.5 L/yr 12% more
Mahindra Finance Collection Officer Salary 1 - 5 years exp. (3 salaries)	₹2.4 L/yr - ₹3.5 L/yr 14% 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 13 latest salaries received from various employees of L&T Finance.

Experience wise L&T Finance Collection Officer salaries in Mumbai

Last Updated: 19 Dec 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.1 L/yr - ₹2.7 L/yr
2 years (3 salaries)	₹1.5 L/yr - ₹4.3 L/yr
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3 years (4 salaries)	₹1.9 L/yr - ₹3 L/yr
4 years (3 salaries)	₹1 L/yr - ₹3.5 L/yr
5 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.9 L/yr
6 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹3 L/yr

View all

From

Collection Officer

1 - 7 years exp.

Collections Executive

0 - 10 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in L&T Finance

Officer Salary

(22 salaries)

₹1.2 L/yr - ₹3.6 L/yr

Sales Officer Salary

(14 salaries)

₹1.45 L/yr - ₹3.5 L/yr

Collections Manager Salary

(13 salaries)

₹4.45 L/yr - ₹8.5 L/yr

Senior Collection Officer Salary

(4 salaries)

₹2.05 L/yr - ₹3.05 L/yr

Top skills at L&T Finance for Collection Officer

Collections Finance Customer Service Team Management Collection Management Loan Recovery Communication Skills Compliance Salesforce Debt Recovery Credit Collection Debtors Control Export Documentation Reconciliation Debt Management

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

Skill development - Excellent

+4 more

Dislikes

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

Salary - Bad

+1 more

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..

Skill development - Excellent

+1 more

Dislikes

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

Job security - Bad

+2 more

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.

Salary - Excellent

+6 more

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.

Salary - Excellent

+6 more

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 Rewa

Finance & Accounting Department

5.0

• posted on 12 Jan 2021

5.0

for Salary and Benefits

Likes

Good work in government and company culture management and everything's are very good company call company policy and company culture manager and all Arif management appreciate every associate.

Salary - Excellent

+6 more

Dislikes

Thereis alot of politics and management dose not address our issues and salary hike is very slow job training not given to new joining

see more salary related reviews

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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L&T Finance Collection Officer Salary FAQs

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

The average salary of a Collection Officer at L&T Finance in Mumbai typically ranges from ₹1.5 Lakhs to ₹3.8 Lakhs per year, depending on experience (from 1 year to 6 years).

The top 10% of Collection Officer in Mumbai at L&T Finance earn more than ₹3.6 Lakhs per year, and the top 1% earn over ₹3.8 Lakhs per year. Collection Officer 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 10+ L&T Finance employees in India.

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 in Mumbai typically ranges from ₹17,356 to ₹19,059 per month. This is based on the average salary range of ₹1.5 Lakhs to ₹3.8 Lakhs per year for employees with experience ranging from 1 year 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 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 Collection Officer at L&T Finance in Mumbai?

To be a Collection Officer at L&T Finance in Mumbai, the key skills required include:

- Collections
- Finance
- Customer Service
- Team Management
- Collection Management

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

Which companies offer higher salaries than L&T Finance for Collection Officer in India?

Ugro Capital	₹2.8 Lakhs to ₹3.8 Lakhs per year
IIFL Finance	₹2.2 Lakhs to ₹4.0 Lakhs per year
Shriram Finance	₹2.2 Lakhs to ₹3.5 Lakhs per year
SMFG India Credit	₹2.0 Lakhs to ₹4.0 Lakhs per year
Mahindra Finance	₹2.4 Lakhs to ₹3.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by L&T Finance, depending on the role and experience level.

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

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

Satin Creditcare Network	₹2.5 Lakhs to ₹3.5 Lakhs per year
Sammaan Capital Limited	₹2.0 Lakhs to ₹3.6 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 Collection Officer at L&T Finance in Mumbai?

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

Experience	Average Salary Range
1 year	₹2.1 Lakhs to ₹2.7 Lakhs per year
2 years	₹1.5 Lakhs to ₹4.3 Lakhs per year
3 years	₹1.9 Lakhs to ₹3.0 Lakhs per year
4 years	₹1.0 Lakhs to ₹3.5 Lakhs per year

and so on.

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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 13 L&T Finance latest salaries received from various employees of L&T Finance.