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

2 - 9 years exp.

₹6 Lakhs - ₹12.7 Lakhs

Salary of majority employees

8% more than the average Credit Manager Salary in NBFC Companies for 2 - 9 years of experience

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Salaries in different departments

Finance & Accounting Credit Manager Salary 2 - 9 years exp. (9 salaries)	₹6 L/yr - ₹12 L/yr
BFSI, Investments & Trading Credit Manager Salary 3 - 7 years exp. (4 salaries)	₹9 L/yr - ₹12.7 L/yr
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Risk Management & Compliance Credit Manager Salary 7 - 8 years exp. (AmbitionBox Estimate)	₹8.6 L/yr - ₹10.2 L/yr

Last Updated: 9 Feb 2025

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

L&T Finance Credit Manager Salary

2 - 9 years exp. (19 salaries)

₹6 L/yr - ₹12.7 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Credit Manager Salary 0 - 11 years exp. (454 salaries)	₹3.6 L/yr - ₹15 L/yr At par	5 job openings
ICICI Bank Credit Manager Salary 0 - 11 years exp. (567 salaries)	₹4.3 L/yr - ₹15 L/yr 13% more
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Axis Bank Credit Manager Salary 0 - 13 years exp. (148 salaries)	₹4 L/yr - ₹15.3 L/yr 7% more
Kotak Mahindra Bank Credit Manager Salary 0 - 11 years exp. (241 salaries)	₹4 L/yr - ₹13 L/yr 6% less
Tata Capital Credit Manager Salary 0 - 10 years exp. (80 salaries)	₹3 L/yr - ₹12.4 L/yr 13% less	13 job openings
Mahindra Finance Credit Manager Salary 5 - 13 years exp. (8 salaries)	₹4.7 L/yr - ₹12.7 L/yr 18% less
Aditya Birla Finance Credit Manager Salary 1 - 9 years exp. (56 salaries)	₹4.6 L/yr - ₹12.5 L/yr 17% less
Yes Bank Credit Manager Salary 0 - 10 years exp. (73 salaries)	₹4.6 L/yr - ₹14.1 L/yr 4% less
IDFC FIRST Bank Credit Manager Salary 0 - 10 years exp. (212 salaries)	₹4.1 L/yr - ₹12.3 L/yr 8% less	1 job opening
SMFG India Credit Credit Manager Salary 1 - 12 years exp. (75 salaries)	₹3.2 L/yr - ₹13.3 L/yr 15% less
IIFL Finance Credit Manager Salary 0 - 10 years exp. (52 salaries)	₹2.8 L/yr - ₹10.1 L/yr 25% less
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HDB Financial Services Credit Manager Salary 1 - 13 years exp. (43 salaries)	₹2.7 L/yr - ₹7 L/yr 47% less
Aditya Birla Capital Credit Manager Salary 2 - 9 years exp. (41 salaries)	₹4.5 L/yr - ₹10.8 L/yr 17% less
Kotak Mahindra Prime Credit Manager Salary 1 - 9 years exp. (22 salaries)	₹4.5 L/yr - ₹11 L/yr 8% less
PNB Housing Finance Credit Manager Salary 0 - 10 years exp. (18 salaries)	₹5 L/yr - ₹11.4 L/yr 8% less
Muthoot Finance Credit Manager Salary 0 - 12 years exp. (12 salaries)	₹3.5 L/yr - ₹6 L/yr 46% less	4 job openings
Tata Capital Housing Finance Credit Manager Salary 4 - 8 years exp. (10 salaries)	₹5 L/yr - ₹11 L/yr 8% less
Aavas Financiers Credit Manager Salary 4 - 9 years exp. (9 salaries)	₹3.8 L/yr - ₹7.6 L/yr 34% less	8 job openings
Sammaan Capital Limited Credit Manager Salary 2 - 8 years exp. (9 salaries)	₹3.5 L/yr - ₹8 L/yr 42% less
Poonawalla Fincorp Credit Manager Salary 0 - 6 years exp. (6 salaries)	₹4.8 L/yr - ₹7.5 L/yr 26% less

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Credit Manager salary at L&T Finance ranges between ₹6 Lakhs to ₹12.7 Lakhs per year for employees with experience between 2 years to 9 years. Salary estimates are based on 19 latest salaries received from various employees of L&T Finance.

Experience wise L&T Finance Credit Manager salaries in Mumbai

Last Updated: 9 Feb 2025

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹11 L/yr
3 years (3 salaries)	₹3.5 L/yr - ₹11 L/yr
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4 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹10 L/yr
5 years (AmbitionBox Estimate)	₹6.6 L/yr - ₹9 L/yr
6 years (5 salaries)	₹6 L/yr - ₹11.7 L/yr
7 years (3 salaries)	₹8.6 L/yr - ₹12.7 L/yr
8 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹10.2 L/yr
9 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹12 L/yr

View all

Similar Designation salaries in L&T Finance

Chief Manager Salary

(79 salaries)

₹19.75 L/yr - ₹52 L/yr

Area Credit Manager Salary

(30 salaries)

₹8 L/yr - ₹20 L/yr

Credit Officer Salary

(14 salaries)

₹2.15 L/yr - ₹3.75 L/yr

Sales Manager Salary

(12 salaries)

₹3 L/yr - ₹8.5 L/yr

Top skills at L&T Finance for Credit Manager

Financial Statements Credit Appraisal Credit Policy Credit Analysis Credit Management Relationship Management Compliance Medical Underwriting Credit Underwriting Credit Underwriting Credit Risk Modelling Debt Recovery Risk Assessment SME Finance Credit 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

Branch Manager (working remotely)

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 20 Jan 2023

4.0

for Salary and Benefits

Likes

If you work well the company give quik promotion and good salary, Company s salary good but , benifits very worst

Salary - Good

+1 more

Dislikes

Hr benifits very worst, the higher or reporting manager are very worst people most. They like personal vanchens only.The company like employees benefits, but the reporting manager are don't care about employees benefits.communication lag in hr and employees, hr support only Regional manager concern about employees.No benifits for work this. Organisation.

Job security - Bad

+1 more

Branch Manager in Mysuru / Mysore

Branch maneger Department

5.0

• posted on 28 Apr 2022

4.0

for Salary and Benefits

Likes

Good work environment and culture teammates are supportive and the management is transparent. There is a huge cafeteria and gaming arcade for chilling company

Salary - Good

+5 more

Dislikes

There is a lot of plolitices and the management doesn't address our issues salary is decent but career grouth is slow there is a beautiful ND of 5 years before which 4th of cannot resign on the job

see more salary related reviews

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L&T Finance Credit Manager Salary FAQs

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

Credit Manager salary at L&T Finance in Mumbai ranges between ₹6.0 Lakhs to ₹12.7 Lakhs for experience between 2 years to 9 years. According to our estimates it is 8% more than the average Credit Manager Salary in India. Salary estimates are based on 19 latest salaries received from various employees of L&T Finance Mumbai.

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

The average salary of a Credit Manager at L&T Finance is 8% more than the average salary of a Credit Manager in Mumbai. To know exact salary insights, login to view.

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

Financial Statements, Credit Appraisal, Credit Policy, Credit Analysis and Credit Management are some of the popular skills required to work as a Credit Manager at L&T Finance Mumbai.

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

ICICI Bank Credit Manager Salary - ₹4.3 Lakhs to ₹15.0 Lakhs per year
Axis Bank Credit Manager Salary - ₹4.0 Lakhs to ₹15.3 Lakhs per year

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

HDFC Bank Credit Manager Salary - ₹3.6 Lakhs to ₹15.0 Lakhs per year
Yes Bank Credit Manager Salary - ₹4.6 Lakhs to ₹14.1 Lakhs per year
Kotak Mahindra Bank Credit Manager Salary - ₹4.0 Lakhs to ₹13.0 Lakhs per year
IDFC FIRST Bank Credit Manager Salary - ₹4.1 Lakhs to ₹12.3 Lakhs per year
PNB Housing Finance Credit Manager Salary - ₹5.0 Lakhs to ₹11.4 Lakhs per year

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

The estimated take-home salary of a Credit Manager at L&T Finance ranges between ₹64,546 per month to ₹66,192 per month in Mumbai. The take-home salary calculation is based on the average L&T Finance Credit Manager salary in India which ranges between ₹6.0 Lakhs to ₹12.7 Lakhs per year for employees with experience between 2 years to 9 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 100% of the L&T Finance Credit Managers in Mumbai reported a notice period of 3 Months.This is based on 19 responses on AmbitionBox in last 2 years.

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L&T Finance Credit Manager Salaries in Mumbai

L&T Finance Credit Manager salary in Mumbai ranges between ₹6 Lakhs to ₹12.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 19 L&T Finance latest salaries received from various employees of L&T Finance.