L&T Finance Divisional Manager Salaries by 7 Employees

1 - 16 years exp.

₹6.4 Lakhs - ₹15.7 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

24% less than the average Divisional Manager Salary in NBFC Companies for 1 - 16 years of experience

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Salaries in different departments

BFSI, Investments & Trading Divisional Manager Salary 14 - 16 years exp. (AmbitionBox Estimate)	₹14.5 L/yr - ₹17.8 L/yr
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Legal & Regulatory Divisional Manager Salary 1 - 5 years exp. (AmbitionBox Estimate)	₹7.1 L/yr - ₹12 L/yr

Last Updated: 29 Jun 2024

Companies similar to L&T Finance for Divisional Manager

Company name	Avg Annual Salary	Open Jobs
Mahindra Finance Divisional Manager Salary 9 - 24 years exp. (222 salaries)	₹7.8 L/yr - ₹31 L/yr 34% more	1 job opening
Bharat Financial Inclusion Divisional Manager Salary 0 - 17 years exp. (164 salaries)	₹5.6 L/yr - ₹15.2 L/yr 30% less
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Muthoot Microfin Divisional Manager Salary 6 - 13 years exp. (37 salaries)	₹3.5 L/yr - ₹7 L/yr 58% less
Asirvad Microfinance Divisional Manager Salary 6 - 15 years exp. (29 salaries)	₹3.8 L/yr - ₹7.2 L/yr 55% less
Shriram Finance Divisional Manager Salary 9 - 17 years exp. (26 salaries)	₹3.3 L/yr - ₹8.5 L/yr 55% less
Spandana Sphoorty Financial Divisional Manager Salary 3 - 18 years exp. (9 salaries)	₹4.8 L/yr - ₹10 L/yr 51% less
IIFL Finance Divisional Manager Salary 5 - 11 years exp. (8 salaries)	₹3.5 L/yr - ₹8.5 L/yr 60% less
Muthoot Fincorp Divisional Manager Salary 2 - 12 years exp. (5 salaries)	₹3.6 L/yr - ₹8.7 L/yr 62% less
Satin Creditcare Network Divisional Manager Salary 8 - 10 years exp. (3 salaries)	₹5.5 L/yr - ₹6.1 L/yr 57% less

Divisional Manager salary at L&T Finance ranges between ₹6.4 Lakhs to ₹15.7 Lakhs per year for employees with experience between 1 year to 16 years. Salary estimates are based on 7 latest salaries received from various employees of L&T Finance.

Experience wise L&T Finance Divisional Manager salaries

Last Updated: 29 Jun 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹7.1 L/yr - ₹20.8 L/yr
2 years (AmbitionBox Estimate)	₹10.5 L/yr - ₹13.5 L/yr
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3 years (AmbitionBox Estimate)	₹10.7 L/yr - ₹13.7 L/yr
4 years (AmbitionBox Estimate)	₹9.3 L/yr - ₹21.7 L/yr
5 years (AmbitionBox Estimate)	₹6.4 L/yr - ₹22 L/yr
6 years (AmbitionBox Estimate)	₹11.1 L/yr - ₹14.2 L/yr
7 years (AmbitionBox Estimate)	₹11.3 L/yr - ₹14.4 L/yr
8 years (AmbitionBox Estimate)	₹8.6 L/yr - ₹22.9 L/yr
9 years (AmbitionBox Estimate)	₹11.6 L/yr - ₹14.8 L/yr
10 years (AmbitionBox Estimate)	₹11.7 L/yr - ₹15 L/yr
11 years (AmbitionBox Estimate)	₹11.9 L/yr - ₹15.2 L/yr
12 years (AmbitionBox Estimate)	₹12.1 L/yr - ₹15.4 L/yr
13 years (AmbitionBox Estimate)	₹12.2 L/yr - ₹15.6 L/yr
14 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹14.5 L/yr
15+ years (AmbitionBox Estimate)	₹5.7 L/yr - ₹15.7 L/yr

View all

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Salary related reviews for L&T Finance

2.7

Rated by 3 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

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

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Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

Option 1

Option 2

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L&T Finance Divisional Manager Salary FAQs

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

The average salary of a Divisional Manager at L&T Finance in India typically ranges from ₹6.4 Lakhs to ₹15.7 Lakhs per year, depending on experience (from 1 year to 16 years).

The top 10% of Divisional Manager at L&T Finance earn more than ₹15.4 Lakhs per year, and the top 1% earn over ₹15.7 Lakhs per year. Divisional 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 7 L&T Finance employees in India.

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

The estimated take-home salary of a Divisional Manager at L&T Finance in India typically ranges from ₹92,632 to ₹95,115 per month. This is based on the average salary range of ₹6.4 Lakhs to ₹15.7 Lakhs per year for employees with experience ranging from 1 year to 16 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 7 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 Divisional Manager in India?

Mahindra Finance

₹7.8 Lakhs to ₹31.0 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 Divisional Manager in companies similar to L&T Finance in India?

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

Bharat Financial Inclusion	₹5.6 Lakhs to ₹15.2 Lakhs per year
Spandana Sphoorty Financial	₹4.8 Lakhs to ₹10.0 Lakhs per year
Asirvad Microfinance	₹3.8 Lakhs to ₹7.2 Lakhs per year
Shriram Finance	₹3.3 Lakhs to ₹8.5 Lakhs per year
Satin Creditcare Network	₹5.5 Lakhs to ₹6.1 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 Divisional Manager at L&T Finance in India?

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

Experience	Average Salary Range
1 year	₹7.1 Lakhs to ₹20.8 Lakhs per year
2 years	₹10.5 Lakhs to ₹13.5 Lakhs per year
3 years	₹10.7 Lakhs to ₹13.7 Lakhs per year
4 years	₹9.3 Lakhs to ₹21.7 Lakhs per year

and so on.

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L&T Finance Divisional Manager Salaries

L&T Finance Divisional Manager salary in India ranges between ₹6.4 Lakhs to ₹15.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 L&T Finance latest salaries received from various employees of L&T Finance.