L&T Finance Mumbai Collections Manager Salaries by 10+ Employees (Updated 2025)

5 - 12 years exp.

₹4.5 Lakhs - ₹8.5 Lakhs

Salary of majority employees

At par with the average Collections Manager Salary in NBFC Companies for 5 - 12 years of experience

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Salaries in different departments

BFSI, Investments & Trading Collections Manager Salary 8 - 10 years exp. (5 salaries)	₹5 L/yr - ₹8.5 L/yr
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Finance & Accounting Collections Manager Salary 5 - 11 years exp. (3 salaries)	₹5.2 L/yr - ₹6.6 L/yr

Last Updated: 16 Jan 2025

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

L&T Finance Collections Manager Salary

5 - 12 years exp. (13 salaries)

₹4.5 L/yr - ₹8.5 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Collections Manager Salary 2 - 18 years exp. (82 salaries)	₹2.9 L/yr - ₹10.5 L/yr 15% more	3 job openings
ICICI Bank Collections Manager Salary 3 - 13 years exp. (18 salaries)	₹4.1 L/yr - ₹11 L/yr 26% more
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Axis Bank Collections Manager Salary 8 - 12 years exp. (7 salaries)	₹4.4 L/yr - ₹9.2 L/yr 25% more
Kotak Mahindra Bank Collections Manager Salary 3 - 15 years exp. (37 salaries)	₹3.1 L/yr - ₹9.2 L/yr 3% more
IndusInd Bank Collections Manager Salary 1 - 13 years exp. (9 salaries)	₹3.6 L/yr - ₹9 L/yr 5% more	7 job openings
Yes Bank Collections Manager Salary 4 - 15 years exp. (11 salaries)	₹4.2 L/yr - ₹10.4 L/yr 27% more
IDFC FIRST Bank Collections Manager Salary 1 - 10 years exp. (57 salaries)	₹3 L/yr - ₹9 L/yr 3% more
RBL Bank Collections Manager Salary 6 - 11 years exp. (8 salaries)	₹2.5 L/yr - ₹8.5 L/yr At par
Bajaj Finance Collections Manager Salary 0 - 10 years exp. (34 salaries)	₹1.2 L/yr - ₹8 L/yr 15% less
HDB Financial Services Collections Manager Salary 2 - 17 years exp. (27 salaries)	₹3.5 L/yr - ₹8 L/yr 12% more	3 job openings
Tata Capital Collections Manager Salary 3 - 12 years exp. (16 salaries)	₹4 L/yr - ₹9 L/yr 8% more	10 job openings
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Kotak Mahindra Prime Collections Manager Salary 3 - 10 years exp. (11 salaries)	₹2.3 L/yr - ₹5.9 L/yr 20% less
Sammaan Capital Limited Collections Manager Salary 4 - 11 years exp. (10 salaries)	₹2.4 L/yr - ₹5.6 L/yr 23% less
Aditya Birla Capital Collections Manager Salary 4 - 10 years exp. (8 salaries)	₹3.1 L/yr - ₹10.9 L/yr 12% more
Shriram Finance Collections Manager Salary 5 - 11 years exp. (7 salaries)	₹3.9 L/yr - ₹4.9 L/yr 31% less
SMFG India Credit Collections Manager Salary 6 - 10 years exp. (6 salaries)	₹4.6 L/yr - ₹7.7 L/yr 1% less
IIFL Finance Collections Manager Salary 7 - 10 years exp. (6 salaries)	₹4.4 L/yr - ₹6.5 L/yr 19% less
PNB Housing Finance Collections Manager Salary 3 - 9 years exp. (6 salaries)	₹4 L/yr - ₹5.9 L/yr 22% less
Mahindra Finance Collections Manager Salary 3 - 10 years exp. (3 salaries)	₹2.6 L/yr - ₹5.4 L/yr 37% less

Collections Manager salary at L&T Finance ranges between ₹4.5 Lakhs to ₹8.5 Lakhs per year for employees with experience between 5 years to 12 years. Salary estimates are based on 13 latest salaries received from various employees of L&T Finance.

Experience wise L&T Finance Collections Manager salaries in Mumbai

Last Updated: 16 Jan 2025

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹6.6 L/yr
6 years (3 salaries)	₹4.8 L/yr - ₹6.6 L/yr
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7 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹5.9 L/yr
8 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹8.2 L/yr
9 years (AmbitionBox Estimate)	₹5 L/yr - ₹8.5 L/yr
10 years (AmbitionBox Estimate)	₹5 L/yr - ₹7.5 L/yr
11 years (AmbitionBox Estimate)	₹5.2 L/yr - ₹11.1 L/yr
12 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹11.2 L/yr

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Similar Designation salaries in L&T Finance

Collection Officer Salary

(18 salaries)

₹1.5 L/yr - ₹3.76 L/yr

Relationship Manager Salary

(12 salaries)

₹3 L/yr - ₹11 L/yr

Zonal Collection Manager Salary

(3 salaries)

₹40.83 L/yr - ₹44 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

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

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

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amangupta9965

works at

Tussle Digital Pvt Ltd

IT Quarterly Awards - Q2 FY'24

I am thrilled to share that I have received an certificate of appreciation for Q2 FY'24, a true honor for my hard work and dedication. I want to express my sincere gratitude to L&T Finance Team for their support, guidance, and collaboration, which played a significant role in achieving this milestone.

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L&T Finance Collections Manager Salary FAQs

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

Collections Manager salary at L&T Finance in Mumbai ranges between ₹4.5 Lakhs to ₹8.5 Lakhs for experience between 5 years to 12 years. According to our estimates it is 3% more than the average Collections Manager Salary in India. Salary estimates are based on 13 latest salaries received from various employees of L&T Finance Mumbai.

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

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

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

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

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

Yes Bank Collections Manager Salary - ₹4.2 Lakhs to ₹10.4 Lakhs per year
ICICI Bank Collections Manager Salary - ₹4.1 Lakhs to ₹11.0 Lakhs per year
Axis Bank Collections Manager Salary - ₹4.4 Lakhs to ₹9.2 Lakhs per year
HDFC Bank Collections Manager Salary - ₹2.9 Lakhs to ₹10.5 Lakhs per year
Aditya Birla Capital Collections Manager Salary - ₹3.1 Lakhs to ₹10.9 Lakhs per year

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

HDB Financial Services Collections Manager Salary - ₹3.5 Lakhs to ₹8.0 Lakhs per year
Tata Capital Collections Manager Salary - ₹4.0 Lakhs to ₹9.0 Lakhs per year
IndusInd Bank Collections Manager Salary - ₹3.6 Lakhs to ₹9.0 Lakhs per year
IDFC FIRST Bank Collections Manager Salary - ₹3.0 Lakhs to ₹9.0 Lakhs per year
Kotak Mahindra Bank Collections Manager Salary - ₹3.1 Lakhs to ₹9.2 Lakhs per year

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

The estimated take-home salary of a Collections Manager at L&T Finance ranges between ₹45,048 per month to ₹46,137 per month in Mumbai. The take-home salary calculation is based on the average L&T Finance Collections Manager salary in India which ranges between ₹4.5 Lakhs to ₹8.5 Lakhs per year for employees with experience between 5 years to 12 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 88% of the L&T Finance Collections Managers in Mumbai reported a notice period of 3 Months, 12% reported a notice period of 2 Months.This is based on 8 responses on AmbitionBox in last 2 years.

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L&T Finance Collections Manager Salaries in Mumbai

L&T Finance Collections Manager salary in Mumbai ranges between ₹4.5 Lakhs to ₹8.5 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.