L&T Finance Mumbai Collections Manager Salaries by 10+ Employees (Updated 2024)

5 - 12 years exp.

₹4.5 Lakhs - ₹8.2 Lakhs

Salary of majority employees

11% more than 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. (4 salaries)	₹5 L/yr - ₹8.2 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: 5 Dec 2024

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

L&T Finance Collections Manager Salary

5 - 12 years exp. (12 salaries)

₹4.5 L/yr - ₹8.2 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Collections Manager Salary 2 - 18 years exp. (80 salaries)	₹2.9 L/yr - ₹10.5 L/yr 10% more	1 job opening
ICICI Bank Collections Manager Salary 3 - 15 years exp. (18 salaries)	₹4.1 L/yr - ₹11 L/yr 19% more
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Axis Bank Collections Manager Salary 8 - 12 years exp. (5 salaries)	₹4.4 L/yr - ₹13.8 L/yr 24% more
Kotak Mahindra Bank Collections Manager Salary 3 - 15 years exp. (33 salaries)	₹3.1 L/yr - ₹9.2 L/yr 10% less
IndusInd Bank Collections Manager Salary 1 - 13 years exp. (8 salaries)	₹3.6 L/yr - ₹8.5 L/yr 3% less
Yes Bank Collections Manager Salary 4 - 15 years exp. (12 salaries)	₹4.2 L/yr - ₹10.4 L/yr 23% more	1 job opening
IDFC FIRST Bank Collections Manager Salary 1 - 10 years exp. (59 salaries)	₹3 L/yr - ₹9 L/yr 4% less
RBL Bank Collections Manager Salary 6 - 9 years exp. (6 salaries)	₹2.5 L/yr - ₹8.5 L/yr 12% less
HDB Financial Services Collections Manager Salary 2 - 16 years exp. (30 salaries)	₹2.2 L/yr - ₹8 L/yr 3% less	3 job openings
Tata Capital Collections Manager Salary 3 - 12 years exp. (16 salaries)	₹4 L/yr - ₹9 L/yr 2% less	17 job openings
Kotak Mahindra Prime Collections Manager Salary 3 - 10 years exp. (11 salaries)	₹2.3 L/yr - ₹5.9 L/yr 30% less
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Sammaan Capital Limited Collections Manager Salary 3 - 11 years exp. (11 salaries)	₹2.4 L/yr - ₹5.6 L/yr 29% less
IIFL Finance Collections Manager Salary 6 - 10 years exp. (7 salaries)	₹4.4 L/yr - ₹6.5 L/yr 24% less
Aditya Birla Capital Collections Manager Salary 4 - 10 years exp. (7 salaries)	₹3.1 L/yr - ₹12.2 L/yr 18% more
Shriram Finance Collections Manager Salary 5 - 11 years exp. (7 salaries)	₹3.9 L/yr - ₹4.9 L/yr 36% less
PNB Housing Finance Collections Manager Salary 3 - 9 years exp. (6 salaries)	₹4 L/yr - ₹5.9 L/yr 27% less
SMFG India Credit Collections Manager Salary 6 - 10 years exp. (6 salaries)	₹4.6 L/yr - ₹7.7 L/yr 24% less
Mahindra Finance Collections Manager Salary 3 - 10 years exp. (3 salaries)	₹2.6 L/yr - ₹5.4 L/yr 38% less
Tata Capital Housing Finance Collections Manager Salary 6 - 15 years exp. (3 salaries)	₹6.6 L/yr - ₹9 L/yr 8% more

Collections Manager salary at L&T Finance ranges between ₹4.5 Lakhs to ₹8.2 Lakhs per year for employees with experience between 5 years to 12 years. Salary estimates are based on 12 latest salaries received from various employees of L&T Finance.

Experience wise L&T Finance Collections Manager salaries in Mumbai

Last Updated: 5 Dec 2024

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)	₹5.9 L/yr - ₹11.6 L/yr
8 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹8.2 L/yr
9 years (AmbitionBox Estimate)	₹5 L/yr - ₹11.5 L/yr
10 years (AmbitionBox Estimate)	₹5 L/yr - ₹7.5 L/yr
11 years (AmbitionBox Estimate)	₹5.2 L/yr - ₹11.4 L/yr
12 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹11.4 L/yr

View all

Similar Designation salaries in L&T Finance

Collection Officer Salary

(16 salaries)

₹1.5 L/yr - ₹3.76 L/yr

Relationship Manager Salary

(11 salaries)

₹3 L/yr - ₹11 L/yr

Zonal Collection Manager Salary

(5 salaries)

₹37 L/yr - ₹44 L/yr

Top skills at L&T Finance for Collections Manager

Collection Management Collections Recovery Home Loans Mortgage Loans housing finance

Salary related reviews for L&T Finance

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 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.

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

Area Collection Manager in Nagpur

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 25 Jan 2020

4.0

for Salary and Benefits

Likes

Good organization..gives u chance for self improvement.easy policies.compensation n incentives are good.work life balance.

Dislikes

Only insecurity feels about job guarantee...company having bad history to sack employees.

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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 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 ₹8.2 Lakhs for experience between 5 years to 12 years. According to our estimates it is 11% more than the average Collections Manager Salary in India. Salary estimates are based on 12 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 11% 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, Home Loans and Mortgage Loans 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?

Axis Bank Collections Manager Salary - ₹4.4 Lakhs to ₹13.8 Lakhs per year
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
Aditya Birla Capital Collections Manager Salary - ₹3.1 Lakhs to ₹12.2 Lakhs per year
HDFC Bank Collections Manager Salary - ₹2.9 Lakhs to ₹10.5 Lakhs per year

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

Tata Capital Housing Finance Collections Manager Salary - ₹6.6 Lakhs to ₹9.0 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 ₹8.5 Lakhs per year
HDB Financial Services Collections Manager Salary - ₹2.2 Lakhs to ₹8.0 Lakhs per year
IDFC FIRST Bank Collections Manager Salary - ₹3.0 Lakhs to ₹9.0 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 ₹49,166 per month to ₹50,328 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 ₹8.2 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, 86% of the L&T Finance Collections Managers in Mumbai reported a notice period of 3 Months, 14% reported a notice period of 2 Months.This is based on 7 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 ₹8.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 12 L&T Finance latest salaries received from various employees of L&T Finance.