L&T Finance Mumbai Credit Manager Salaries by 20+ Employees (Updated 2025)

2 - 9 years exp.

₹6 Lakhs - ₹14 Lakhs

Salary of majority employees

19% 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. (10 salaries)	₹6 L/yr - ₹14 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: 17 Mar 2025

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

L&T Finance Credit Manager Salary

2 - 9 years exp. (20 salaries)

₹6 L/yr - ₹14 L/yr

Company name	Avg Annual Salary	Open Jobs
SMFG India Credit Credit Manager Salary 1 - 12 years exp. (73 salaries)	₹3.2 L/yr - ₹10.4 L/yr 26% less
IIFL Finance Credit Manager Salary 0 - 10 years exp. (49 salaries)	₹2.8 L/yr - ₹10.2 L/yr 28% less
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PNB Housing Finance Credit Manager Salary 0 - 10 years exp. (19 salaries)	₹5 L/yr - ₹11.4 L/yr 14% less
Kotak Mahindra Prime Credit Manager Salary 1 - 8 years exp. (17 salaries)	₹4.5 L/yr - ₹11 L/yr 15% less
Muthoot Finance Credit Manager Salary 0 - 12 years exp. (12 salaries)	₹3.5 L/yr - ₹6 L/yr 48% less
Tata Capital Housing Finance Credit Manager Salary 4 - 14 years exp. (11 salaries)	₹5 L/yr - ₹13.3 L/yr 8% less
Aavas Financiers Credit Manager Salary 4 - 10 years exp. (11 salaries)	₹3.8 L/yr - ₹7.6 L/yr 38% less	5 job openings
Mahindra Finance Credit Manager Salary 5 - 13 years exp. (9 salaries)	₹4.7 L/yr - ₹12.7 L/yr 8% less
Sammaan Capital Limited Credit Manager Salary 2 - 8 years exp. (9 salaries)	₹3.5 L/yr - ₹8 L/yr 47% less
Ugro Capital Credit Manager Salary 6 - 9 years exp. (6 salaries)	₹5.2 L/yr - ₹7.6 L/yr 35% 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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Shriram Finance Credit Manager Salary 5 - 8 years exp. (3 salaries)	₹5.8 L/yr - ₹8.7 L/yr 28% less	2 job openings

Credit Manager salary at L&T Finance ranges between ₹6 Lakhs to ₹14 Lakhs per year for employees with experience between 2 years to 9 years. Salary estimates are based on 20 latest salaries received from various employees of L&T Finance.

Experience wise L&T Finance Credit Manager salaries in Mumbai

Last Updated: 17 Mar 2025

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹8.3 L/yr - ₹10.6 L/yr
3 years (3 salaries)	₹9 L/yr - ₹11 L/yr
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4 years (AmbitionBox Estimate)	₹8.6 L/yr - ₹10.9 L/yr
5 years (AmbitionBox Estimate)	₹8.7 L/yr - ₹11.1 L/yr
6 years (5 salaries)	₹6 L/yr - ₹11.7 L/yr
7 years (4 salaries)	₹8.6 L/yr - ₹14 L/yr
8 years (AmbitionBox Estimate)	₹9 L/yr - ₹11.5 L/yr
9 years (AmbitionBox Estimate)	₹9.1 L/yr - ₹11.7 L/yr

View all

Similar Designation salaries in L&T Finance

Chief Manager Salary

(80 salaries)

₹19.75 L/yr - ₹52 L/yr

Area Credit Manager Salary

(33 salaries)

₹8 L/yr - ₹20 L/yr

Sales Manager Salary

(14 salaries)

₹3 L/yr - ₹10.5 L/yr

Credit Officer Salary

(13 salaries)

₹2.15 L/yr - ₹3.75 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 Hanwada

Full Time

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4.0

• posted on 10 Feb 2025

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Work life Salary Skill development

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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

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• posted on 01 Dec 2024

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Salary credit on time in any condition

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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.

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Branch Manager in Kochi

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1.0

• posted on 01 Jul 2024

1.0

for Salary and Benefits

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Nothing here to be liked

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...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

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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

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4.0

• posted on 20 Jan 2023

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for Salary and Benefits

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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

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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 Credit Manager Salary FAQs

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

The average salary of a Credit Manager at L&T Finance in Mumbai typically ranges from ₹6.0 Lakhs to ₹14.0 Lakhs per year, depending on experience (from 2 years to 9 years).

The top 10% of Credit Manager in Mumbai at L&T Finance earn more than ₹12.3 Lakhs per year, and the top 1% earn over ₹14.0 Lakhs per year. Credit 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 20+ L&T Finance employees in India.

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 in Mumbai typically ranges from ₹70,175 to ₹71,979 per month. This is based on the average salary range of ₹6.0 Lakhs to ₹14.0 Lakhs per year for employees with experience ranging from 2 years to 9 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 20+ 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 Credit Manager at L&T Finance in Mumbai?

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

- Financial Statements
- Credit Appraisal
- Credit Policy
- Credit Analysis
- Credit Management

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 Credit Manager in companies similar to L&T Finance in Mumbai?

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

Tata Capital Housing Finance	₹5.0 Lakhs to ₹13.3 Lakhs per year
Mahindra Finance	₹4.7 Lakhs to ₹12.7 Lakhs per year
PNB Housing Finance	₹5.0 Lakhs to ₹11.4 Lakhs per year
Kotak Mahindra Prime	₹4.5 Lakhs to ₹11.0 Lakhs per year
SMFG India Credit	₹3.2 Lakhs to ₹10.4 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 Credit Manager at L&T Finance in Mumbai?

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

Experience	Average Salary Range
2 years	₹8.3 Lakhs to ₹10.6 Lakhs per year
3 years	₹9.0 Lakhs to ₹11.0 Lakhs per year
4 years	₹8.6 Lakhs to ₹10.9 Lakhs per year
5 years	₹8.7 Lakhs to ₹11.1 Lakhs per year

and so on.

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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 ₹14 Lakhs with an average annual salary of ₹. Salary estimates are based on 20 L&T Finance latest salaries received from various employees of L&T Finance.