L&T Finance Mumbai Credit Officer Salaries by 10+ Employees

0 - 5 years exp.

₹2.2 Lakhs - ₹3.8 Lakhs

Salary of majority employees

26% less than the average Credit Officer Salary in NBFC Companies for 0 - 5 years of experience

Interested in this particular role?

Salaries in different departments

Finance & Accounting Credit Officer Salary 2 - 4 years exp. (8 salaries)	₹2.2 L/yr - ₹3.2 L/yr
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BFSI, Investments & Trading Credit Officer Salary 2 years exp. (AmbitionBox Estimate)	₹3 L/yr - ₹3.3 L/yr

Last Updated: 13 Aug 2024

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

L&T Finance Credit Officer Salary

0 - 5 years exp. (13 salaries)

₹2.2 L/yr - ₹3.8 L/yr

Company name	Avg Annual Salary	Open Jobs
Sammaan Capital Limited Credit Officer Salary 1 - 7 years exp. (28 salaries)	₹2 L/yr - ₹3.5 L/yr 10% less
SMFG India Credit Credit Officer Salary 0 - 5 years exp. (11 salaries)	₹2.2 L/yr - ₹3.5 L/yr 11% less
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Shriram Finance Credit Officer Salary 2 - 7 years exp. (7 salaries)	₹2 L/yr - ₹3.6 L/yr 14% less
Muthoot Fincorp Credit Officer Salary 0 - 5 years exp. (6 salaries)	₹1.9 L/yr - ₹4 L/yr 9% less
Aavas Financiers Credit Officer Salary 4 - 6 years exp. (4 salaries)	₹3 L/yr - ₹3.8 L/yr 8% more
IIFL Finance Credit Officer Salary 2 - 6 years exp. (3 salaries)	₹2.2 L/yr - ₹3.5 L/yr 12% less
Ugro Capital Credit Officer Salary 0 - 5 years exp. (3 salaries)	₹3.8 L/yr - ₹4.6 L/yr 19% more

Credit Officer salary at L&T Finance ranges between ₹2.2 Lakhs to ₹3.8 Lakhs per year for employees with less than 1 year of experience to 5 years. Salary estimates are based on 13 latest salaries received from various employees of L&T Finance.

Experience wise L&T Finance Credit Officer salaries in Mumbai

Last Updated: 13 Aug 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
1 year (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr
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2 years (5 salaries)	₹2.2 L/yr - ₹3.2 L/yr
3 years (3 salaries)	₹2.2 L/yr - ₹5.9 L/yr
4 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.9 L/yr
5 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹4 L/yr

View all

Similar Designation salaries in L&T Finance

Area Credit Manager Salary

(33 salaries)

₹8 L/yr - ₹20 L/yr

Officer Salary

(22 salaries)

₹1.2 L/yr - ₹3.6 L/yr

Credit Manager Salary

(20 salaries)

₹6 L/yr - ₹14 L/yr

Sales Officer Salary

(14 salaries)

₹1.45 L/yr - ₹3.5 L/yr

Credit Executive Salary

(3 salaries)

₹3.2 L/yr - ₹3.5 L/yr

Top skills at L&T Finance for Credit Officer

Finance Home Loans housing loan home finance

Salary related reviews for L&T Finance

4.6

Rated by 2 employees for salary & benefits

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

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

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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 Officer Salary FAQs

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

The average salary of a Credit Officer at L&T Finance in Mumbai typically ranges from ₹2.2 Lakhs to ₹3.8 Lakhs per year, depending on experience (from Fresher to 5 years).

The top 10% of Credit Officer in Mumbai at L&T Finance earn more than ₹3.3 Lakhs per year, and the top 1% earn over ₹3.8 Lakhs per year. Credit Officer 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 10+ L&T Finance employees in India.

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

The estimated take-home salary of a Credit Officer at L&T Finance in Mumbai typically ranges from ₹23,334 to ₹24,798 per month. This is based on the average salary range of ₹2.2 Lakhs to ₹3.8 Lakhs per year for employees with experience ranging from Fresher to 5 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 10+ 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 Officer at L&T Finance in Mumbai?

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

- Finance
- Home Loans
- housing loan
- home finance

These skills are highly valued at L&T Finance and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than L&T Finance for Credit Officer in India?

Ugro Capital	₹3.8 Lakhs to ₹4.6 Lakhs per year
Aavas Financiers	₹3.0 Lakhs to ₹3.8 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by L&T Finance, depending on the role and experience level.

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

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

Muthoot Fincorp	₹1.9 Lakhs to ₹4.0 Lakhs per year
Sammaan Capital Limited	₹2.0 Lakhs to ₹3.5 Lakhs per year
SMFG India Credit	₹2.2 Lakhs to ₹3.5 Lakhs per year
IIFL Finance	₹2.2 Lakhs to ₹3.5 Lakhs per year
Shriram Finance	₹2.0 Lakhs to ₹3.6 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 Officer at L&T Finance in Mumbai?

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

Experience	Average Salary Range
Fresher	₹2.7 Lakhs to ₹3.5 Lakhs per year
1 year	₹2.8 Lakhs to ₹3.6 Lakhs per year
2 years	₹2.2 Lakhs to ₹3.2 Lakhs per year
3 years	₹2.2 Lakhs to ₹5.9 Lakhs per year

and so on.

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L&T Finance Credit Officer Salaries in Mumbai

L&T Finance Credit Officer salary in Mumbai ranges between ₹2.2 Lakhs to ₹3.8 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.