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

0 - 4 years exp.

₹6 Lakhs - ₹17.4 Lakhs

Salary of majority employees

10% more than the average Credit Policy Manager Salary in NBFC Companies for 0 - 4 years of experience

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Salaries in different departments

BFSI, Investments & Trading Credit Policy Manager Salary 0 - 4 years exp. (11 salaries)	₹8.3 L/yr - ₹14.5 L/yr
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Finance & Accounting Credit Policy Manager Salary 0 - 4 years exp. (5 salaries)	₹6.6 L/yr - ₹12.2 L/yr

Last Updated: 8 Feb 2025

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

L&T Finance Credit Policy Manager Salary

0 - 4 years exp. (21 salaries)

₹6 L/yr - ₹17.4 L/yr

Company name	Avg Annual Salary	Open Jobs
Tata Capital Housing Finance Credit Policy Manager Salary 4 - 8 years exp. (3 salaries)	₹7.5 L/yr - ₹13.2 L/yr 17% less
ICICI Bank Credit Policy Manager Salary 0 - 6 years exp. (17 salaries)	₹5 L/yr - ₹15 L/yr 16% less
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DCB Bank Credit Policy Manager Salary 2 - 9 years exp. (3 salaries)	₹15.5 L/yr - ₹21 L/yr 53% more

Credit Policy Manager salary at L&T Finance ranges between ₹6 Lakhs to ₹17.4 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 21 latest salaries received from various employees of L&T Finance.

Experience wise L&T Finance Credit Policy Manager salaries in Mumbai

Last Updated: 8 Feb 2025

Experience	Avg Annual Salary
Fresher (3 salaries)	₹6.6 L/yr - ₹14.5 L/yr
1 year (7 salaries)	₹6 L/yr - ₹14 L/yr
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2 years (7 salaries)	₹8.3 L/yr - ₹13 L/yr
3 years (AmbitionBox Estimate)	₹10.2 L/yr - ₹13 L/yr
4 years (AmbitionBox Estimate)	₹10.5 L/yr - ₹13.5 L/yr

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

Credit Manager Salary

(21 salaries)

₹6 L/yr - ₹14 L/yr

Relationship Manager Salary

(11 salaries)

₹3 L/yr - ₹11 L/yr

Credit Risk Manager Salary

(8 salaries)

₹7.4 L/yr - ₹12.25 L/yr

Salary related reviews for L&T Finance

1.9

Rated by 2 employees for salary & benefits

Sales Executive in Chandigarh

Full Time

Finance & Accounting Department

4.0

• posted on 24 Mar 2025

5.0

for Salary and Benefits

Likes

This is a very good company. Company culture is also good and all co-workers are very helpful and 24 hour salary system is also very good.And the company has a very good health policy

Salary - Excellent

+3 more

Dislikes

The company is good but the salary is not right as per the time, it is very less and neither is the incentive structure right

Promotions - Poor

Assistant Manager in Coimbatore

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 23 Mar 2025

5.0

for Salary and Benefits

Likes

Salary and incentives are really good.If u work it's worth really.. promotion no issues

Salary - Excellent

+2 more

Dislikes

The big problem is incapablity peoples in big position like TM,RM,SRM they are not have the capability to be a BM

Skill development - Bad

+3 more

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

Senior Manager in Mumbai

Full Time

Human Resources Department

3.0

• posted on 24 Jan 2025

3.0

for Salary and Benefits

Likes

The work culture is dramatically different from before after the Leadership change. It’s all about work life balance and flexibility now.

Work-life balance - Good

Dislikes

While the work culture has improved there’s now a decline in opportunities for salary growth and promotions.

Skill development - Poor

+4 more

Team Manager in Mumbai

Full Time

Human Resources Department

4.0

• posted on 26 Dec 2024

5.0

for Salary and Benefits

Likes

Best company for Initiating the career Best in Class Salary and Compensation structure Best Terminal Benefits I come across Ambitious culture which surely can accelerate your career

Salary - Excellent

+1 more

Dislikes

Things decided by Middle Managers. Focused on short term achievement than sustainable development. Focused only on their own role and it will result in poor implementation. Duplicate reports and change according to the stakeholders.

Promotions - Poor

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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 Policy Manager Salary FAQs

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

The average salary of a Credit Policy Manager at L&T Finance in Mumbai typically ranges from ₹6.0 Lakhs to ₹17.4 Lakhs per year, depending on experience (from Fresher to 4 years).

The top 10% of Credit Policy Manager in Mumbai at L&T Finance earn more than ₹14.2 Lakhs per year, and the top 1% earn over ₹17.4 Lakhs per year. Credit Policy 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 Policy Manager at L&T Finance in Mumbai?

The estimated take-home salary of a Credit Policy Manager at L&T Finance in Mumbai typically ranges from ₹82,202 to ₹84,347 per month. This is based on the average salary range of ₹6.0 Lakhs to ₹17.4 Lakhs per year for employees with experience ranging from Fresher to 4 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.

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

DCB Bank

₹15.5 Lakhs to ₹21.0 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 Policy Manager in companies similar to L&T Finance in Mumbai?

The salary of a Credit Policy 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:

ICICI Bank	₹5.0 Lakhs to ₹15.0 Lakhs per year
Tata Capital Housing Finance	₹7.5 Lakhs to ₹13.2 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 Policy Manager at L&T Finance in Mumbai?

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

Experience	Average Salary Range
Fresher	₹6.6 Lakhs to ₹14.5 Lakhs per year
1 year	₹6.0 Lakhs to ₹14.0 Lakhs per year
2 years	₹8.3 Lakhs to ₹13.0 Lakhs per year
3 years	₹10.2 Lakhs to ₹13.0 Lakhs per year

and so on.

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L&T Finance Credit Policy Manager Salaries in Mumbai

L&T Finance Credit Policy Manager salary in Mumbai ranges between ₹6 Lakhs to ₹17.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 21 L&T Finance latest salaries received from various employees of L&T Finance.