L&T Finance Chennai Collections Manager Salaries by 7 Employees

6 - 10 years exp.

₹5.5 Lakhs - ₹8.6 Lakhs

Avg. annual salary

Monthly In-hand Salary

13% more than the average Collections Manager Salary in NBFC Companies for 6 - 10 years of experience

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Salaries in different departments

BFSI, Investments & Trading Collections Manager Salary 6 - 9 years exp. (3 salaries)	₹5.5 L/yr - ₹7.1 L/yr
Finance & Accounting Collections Manager Salary 7 - 10 years exp. (AmbitionBox Estimate)	₹6.3 L/yr - ₹8.6 L/yr
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Risk Management & Compliance Collections Manager Salary 6 - 7 years exp. (AmbitionBox Estimate)	₹5.7 L/yr - ₹8 L/yr

Last Updated: 21 Aug 2024

Companies similar to L&T Finance for Collections Manager in Chennai

L&T Finance Collections Manager Salary

6 - 10 years exp. (7 salaries)

₹5.5 L/yr - ₹8.6 L/yr

Company name	Avg Annual Salary	Open Jobs
Shriram Finance Collections Manager Salary 3 - 10 years exp. (15 salaries)	₹2.2 L/yr - ₹6 L/yr 45% less
SMFG India Credit Collections Manager Salary 4 - 10 years exp. (10 salaries)	₹2.5 L/yr - ₹5.7 L/yr 29% less
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Mahindra Rural Housing Finance Collections Manager Salary 3 - 7 years exp. (6 salaries)	₹1.8 L/yr - ₹3.6 L/yr 54% less	1 job opening
Kotak Mahindra Prime Collections Manager Salary 3 - 6 years exp. (5 salaries)	₹3.2 L/yr - ₹5.2 L/yr 37% less
TVS Credit Collections Manager Salary 7 - 12 years exp. (5 salaries)	₹4.1 L/yr - ₹5.7 L/yr 24% less
LendingKart Collections Manager Salary 6 - 11 years exp. (4 salaries)	₹5.5 L/yr - ₹6.5 L/yr 11% less
IIFL Finance Collections Manager Salary 6 - 10 years exp. (3 salaries)	₹5 L/yr - ₹6 L/yr 14% less
Tata Capital Housing Finance Collections Manager Salary 9 - 12 years exp. (3 salaries)	₹6 L/yr - ₹6.5 L/yr 6% less

Collections Manager salary at L&T Finance ranges between ₹5.5 Lakhs to ₹8.6 Lakhs per year for employees with experience between 6 years to 10 years. Salary estimates are based on 7 latest salaries received from various employees of L&T Finance.

Experience wise L&T Finance Collections Manager salaries in Chennai

Last Updated: 21 Aug 2024

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹6 L/yr - ₹7.7 L/yr
7 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹7.7 L/yr
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8 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹7.8 L/yr
9 years (AmbitionBox Estimate)	₹6.2 L/yr - ₹7.9 L/yr
10 years (AmbitionBox Estimate)	₹6.2 L/yr - ₹7.9 L/yr

Similar Designation salaries in L&T Finance

Area Credit Manager Salary

(8 salaries)

₹11.85 L/yr - ₹14.19 L/yr

Credit Officer Salary

(6 salaries)

₹1.95 L/yr - ₹3.5 L/yr

Regional Collection Manager Salary

(5 salaries)

₹14 L/yr - ₹26.43 L/yr

Credit Manager Salary

(4 salaries)

₹4.83 L/yr - ₹9.8 L/yr

Top skills at L&T Finance for Collections Manager

Collection Management Collections Recovery Collection Management Collections Finance Customer Service Salesforce Team Leading Home Loans Loan Recovery Credit Control Communication Skills Mortgage Loans Debt Management

Salary related reviews for L&T Finance

4.0

Rated by 2 employees for salary & benefits

Sales Executive in Chandigarh

Full Time

Finance & Accounting Department

4.0

• posted on 24 Mar 2025

5.0

for Salary and Benefits

Likes

This is a very good company. Company culture is also good and all co-workers are very helpful and 24 hour salary system is also very good.And the company has a very good health policy

Salary - Excellent

+3 more

Dislikes

The company is good but the salary is not right as per the time, it is very less and neither is the incentive structure right

Promotions - Poor

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

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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 Collections Manager Salary FAQs

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

The average salary of a Collections Manager at L&T Finance in Chennai typically ranges from ₹5.5 Lakhs to ₹8.6 Lakhs per year, depending on experience (from 6 years to 10 years).

The top 10% of Collections Manager in Chennai at L&T Finance earn more than ₹8.5 Lakhs per year, and the top 1% earn over ₹8.6 Lakhs per year. Collections 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 7 L&T Finance employees in India.

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

The estimated take-home salary of a Collections Manager at L&T Finance in Chennai typically ranges from ₹51,885 to ₹53,108 per month. This is based on the average salary range of ₹5.5 Lakhs to ₹8.6 Lakhs per year for employees with experience ranging from 6 years to 10 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 7 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 Collections Manager at L&T Finance in Chennai?

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

- Collection Management
- Collections
- Recovery
- Collection Management
- Collections

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 Collections Manager in companies similar to L&T Finance in Chennai?

The salary of a Collections 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:

Tata Capital Housing Finance	₹6.0 Lakhs to ₹6.5 Lakhs per year
LendingKart	₹5.5 Lakhs to ₹6.5 Lakhs per year
IIFL Finance	₹5.0 Lakhs to ₹6.0 Lakhs per year
TVS Credit	₹4.1 Lakhs to ₹5.7 Lakhs per year
SMFG India Credit	₹2.5 Lakhs to ₹5.7 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 Collections Manager at L&T Finance in Chennai?

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

Experience	Average Salary Range
6 years	₹6.0 Lakhs to ₹7.7 Lakhs per year
7 years	₹6.1 Lakhs to ₹7.7 Lakhs per year
8 years	₹6.1 Lakhs to ₹7.8 Lakhs per year
9 years	₹6.2 Lakhs to ₹7.9 Lakhs per year

and so on.

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L&T Finance Collections Manager Salaries in Chennai

L&T Finance Collections Manager salary in Chennai ranges between ₹5.5 Lakhs to ₹8.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 L&T Finance latest salaries received from various employees of L&T Finance.