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

5 - 10 years exp.

₹8 Lakhs - ₹24.3 Lakhs

Salary of majority employees

Fixed (85%)

₹11.8 Lakhs

Variable (15%)

₹2.1 Lakhs

At par with the average Senior Manager Credit Salary in NBFC Companies for 5 - 10 years of experience

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Salaries in different departments

Finance & Accounting Senior Manager Credit Salary 5 - 10 years exp. (5 salaries)	₹11 L/yr - ₹20.2 L/yr
BFSI, Investments & Trading Senior Manager Credit Salary 5 - 8 years exp. (3 salaries)	₹11.4 L/yr - ₹24.3 L/yr
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Product Management Senior Manager Credit Salary 5 - 6 years exp. (AmbitionBox Estimate)	₹15.2 L/yr - ₹17.6 L/yr

Last Updated: 26 Feb 2025

Companies similar to L&T Finance for Senior Manager Credit

Company name	Avg Annual Salary	Open Jobs
SMFG India Credit Senior Manager Credit Salary 6 - 15 years exp. (102 salaries)	₹6.1 L/yr - ₹19.5 L/yr 20% less
Tata Capital Housing Finance Senior Manager Credit Salary 5 - 12 years exp. (20 salaries)	₹9 L/yr - ₹26.5 L/yr 9% more
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Aavas Financiers Senior Manager Credit Salary 1 - 12 years exp. (19 salaries)	₹5.2 L/yr - ₹15 L/yr 30% less
TVS Credit Senior Manager Credit Salary 10 - 15 years exp. (10 salaries)	₹9.8 L/yr - ₹20.4 L/yr 20% more
Kotak Mahindra Prime Senior Manager Credit Salary 5 - 8 years exp. (9 salaries)	₹7.5 L/yr - ₹14.5 L/yr 19% less
Electronica Finance Senior Manager Credit Salary 4 - 8 years exp. (6 salaries)	₹3.2 L/yr - ₹10 L/yr 63% less
Ugro Capital Senior Manager Credit Salary 4 - 7 years exp. (6 salaries)	₹6 L/yr - ₹9.5 L/yr 47% less
Muthoot Fincorp Senior Manager Credit Salary 5 - 11 years exp. (5 salaries)	₹6 L/yr - ₹6.5 L/yr 54% less
Capri Global Capital Senior Manager Credit Salary 5 - 7 years exp. (5 salaries)	₹11 L/yr - ₹16.5 L/yr 16% less
PNB Housing Finance Senior Manager Credit Salary 8 - 9 years exp. (5 salaries)	₹10.4 L/yr - ₹16 L/yr 3% less
MAS Financial Services Senior Manager Credit Salary 3 - 12 years exp. (5 salaries)	₹5.4 L/yr - ₹20.5 L/yr 16% less	1 job opening
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Poonawalla Fincorp Senior Manager Credit Salary 1 - 12 years exp. (5 salaries)	₹8.4 L/yr - ₹17 L/yr 10% less
IIFL Finance Senior Manager Credit Salary 1 - 14 years exp. (4 salaries)	₹8 L/yr - ₹9.4 L/yr 35% less
Manappuram Finance Senior Manager Credit Salary 6 - 10 years exp. (4 salaries)	₹7.8 L/yr - ₹11.7 L/yr 39% less
Five-Star Business Finance Senior Manager Credit Salary 4 - 7 years exp. (4 salaries)	₹4.5 L/yr - ₹5 L/yr 66% less
Sammaan Capital Limited Senior Manager Credit Salary 14 - 19 years exp. (4 salaries)	₹9.9 L/yr - ₹13.8 L/yr 28% less
Muthoot Finance Senior Manager Credit Salary 4 - 11 years exp. (4 salaries)	₹5 L/yr - ₹12.7 L/yr 43% less
LendingKart Senior Manager Credit Salary 5 - 8 years exp. (3 salaries)	₹5.6 L/yr - ₹11 L/yr 35% less
Mahindra Rural Housing Finance Senior Manager Credit Salary 5 - 14 years exp. (3 salaries)	₹9 L/yr - ₹27.5 L/yr 23% more
Mahindra Finance Senior Manager Credit Salary 4 - 7 years exp. (3 salaries)	₹12 L/yr - ₹16.8 L/yr 8% more

View all

Senior Manager Credit salary at L&T Finance ranges between ₹8 Lakhs to ₹24.3 Lakhs per year for employees with experience between 5 years to 10 years. Salary estimates are based on 17 latest salaries received from various employees of L&T Finance.

Experience wise L&T Finance Senior Manager Credit salaries

Last Updated: 26 Feb 2025

Experience	Avg Annual Salary
5 years (4 salaries)	₹8 L/yr - ₹24.3 L/yr
6 years (4 salaries)	₹9 L/yr - ₹18 L/yr
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7 years (AmbitionBox Estimate)	₹12 L/yr - ₹24.9 L/yr
8 years (3 salaries)	₹9 L/yr - ₹20 L/yr
9 years (AmbitionBox Estimate)	₹13.5 L/yr - ₹18.2 L/yr
10 years (AmbitionBox Estimate)	₹13.5 L/yr - ₹20.2 L/yr

View all

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(AmbitionBox Estimate)

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Senior Associate Salary

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Senior Credit Officer Salary

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₹3.1 L/yr - ₹3.9 L/yr

Credit Underwriter Salary

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Credit Analyst Salary

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Salary related reviews for L&T Finance

4.4

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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a manager - business analyst

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 Senior Manager Credit Salary FAQs

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

The average salary of a Senior Manager Credit at L&T Finance in India typically ranges from ₹8.0 Lakhs to ₹24.3 Lakhs per year, depending on experience (from 5 years to 10 years).

The top 10% of Senior Manager Credit at L&T Finance earn more than ₹20.2 Lakhs per year, and the top 1% earn over ₹24.3 Lakhs per year. Senior Manager Credit 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 Senior Manager Credit at L&T Finance in India?

The estimated take-home salary of a Senior Manager Credit at L&T Finance in India typically ranges from ₹96,868 to ₹99,488 per month. This is based on the average salary range of ₹8.0 Lakhs to ₹24.3 Lakhs per year for employees with experience ranging from 5 years to 10 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.

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

Mahindra Rural Housing Finance	₹9.0 Lakhs to ₹27.5 Lakhs per year
TVS Credit	₹9.8 Lakhs to ₹20.4 Lakhs per year
Sundaram Finance	₹11.0 Lakhs to ₹25.0 Lakhs per year
Tata Capital Housing Finance	₹9.0 Lakhs to ₹26.5 Lakhs per year
Mahindra Finance	₹12.0 Lakhs to ₹16.8 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 Senior Manager Credit in companies similar to L&T Finance in India?

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

PNB Housing Finance	₹10.4 Lakhs to ₹16.0 Lakhs per year
Poonawalla Fincorp	₹8.4 Lakhs to ₹17.0 Lakhs per year
MAS Financial Services	₹5.4 Lakhs to ₹20.5 Lakhs per year
Capri Global Capital	₹11.0 Lakhs to ₹16.5 Lakhs per year
Kotak Mahindra Prime	₹7.5 Lakhs to ₹14.5 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 Senior Manager Credit at L&T Finance in India?

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

Experience	Average Salary Range
5 years	₹8.0 Lakhs to ₹24.3 Lakhs per year
6 years	₹9.0 Lakhs to ₹18.0 Lakhs per year
7 years	₹12.0 Lakhs to ₹24.9 Lakhs per year
8 years	₹9.0 Lakhs to ₹20.0 Lakhs per year

and so on.

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L&T Finance Senior Manager Credit Salaries

L&T Finance Senior Manager Credit salary in India ranges between ₹8 Lakhs to ₹24.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 17 L&T Finance latest salaries received from various employees of L&T Finance.