LIC Housing Finance Mumbai Credit Manager Salaries by 4 Employees

3 - 11 years exp.

₹12.2 Lakhs - ₹18 Lakhs

Avg. annual salary

Monthly In-hand Salary

94% more than the average Credit Manager Salary in NBFC Companies for 3 - 11 years of experience

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Last Updated: 18 Dec 2024

Companies similar to LIC Housing Finance for Credit Manager in Mumbai

LIC Housing Finance Credit Manager Salary

3 - 11 years exp. (4 salaries)

₹12.2 L/yr - ₹18 L/yr

Company name	Avg Annual Salary	Open Jobs
InCred Finance Credit Manager Salary 2 - 9 years exp. (24 salaries)	₹4.1 L/yr - ₹10.4 L/yr 53% less
Kotak Mahindra Prime Credit Manager Salary 0 - 7 years exp. (20 salaries)	₹4.5 L/yr - ₹11 L/yr 49% less
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PNB Housing Finance Credit Manager Salary 0 - 10 years exp. (20 salaries)	₹4.5 L/yr - ₹11.4 L/yr 49% less
Shubham Housing Development Finance Credit Manager Salary 2 - 10 years exp. (16 salaries)	₹2.4 L/yr - ₹6 L/yr 71% less
Tata Capital Housing Finance Credit Manager Salary 4 - 14 years exp. (10 salaries)	₹5 L/yr - ₹11 L/yr 48% less
Sammaan Capital Limited Credit Manager Salary 2 - 8 years exp. (8 salaries)	₹3.5 L/yr - ₹8 L/yr 66% less
Ugro Capital Credit Manager Salary 6 - 11 years exp. (7 salaries)	₹5.2 L/yr - ₹7.6 L/yr 59% less
Manba Finance Credit Manager Salary 2 - 8 years exp. (4 salaries)	₹3.7 L/yr - ₹8 L/yr 62% less
Bajaj Housing Finance Credit Manager Salary 1 - 4 years exp. (4 salaries)	₹3.1 L/yr - ₹10 L/yr 68% less
Hinduja Leyland Finance Credit Manager Salary 4 - 18 years exp. (4 salaries)	₹7.3 L/yr - ₹13.3 L/yr 45% less

Credit Manager salary at LIC Housing Finance ranges between ₹12.2 Lakhs to ₹18 Lakhs per year for employees with experience between 3 years to 11 years. Salary estimates are based on 4 latest salaries received from various employees of LIC Housing Finance.

Experience wise LIC Housing Finance Credit Manager salaries in Mumbai

Last Updated: 18 Dec 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹11 L/yr - ₹14 L/yr
4 years (AmbitionBox Estimate)	₹11.6 L/yr - ₹14.8 L/yr
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5 years (AmbitionBox Estimate)	₹12.3 L/yr - ₹15.7 L/yr
6 years (AmbitionBox Estimate)	₹12.9 L/yr - ₹16.5 L/yr
7 years (AmbitionBox Estimate)	₹13.6 L/yr - ₹17.4 L/yr
8 years (AmbitionBox Estimate)	₹14.2 L/yr - ₹18.2 L/yr
9 years (AmbitionBox Estimate)	₹14.9 L/yr - ₹19 L/yr
10 years (AmbitionBox Estimate)	₹15.5 L/yr - ₹19.9 L/yr
11 years (AmbitionBox Estimate)	₹16.2 L/yr - ₹20.7 L/yr

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Similar Designation salaries in LIC Housing Finance

Deputy Manager Salary

(25 salaries)

₹13 L/yr - ₹25 L/yr

Salary related reviews for LIC Housing Finance

Senior Associate in Meerut

Credit Operation Department

3.0

• posted on 25 Sep 2021

5.0

for Salary and Benefits

Likes

Good salary. Secure job. Brand name.

Salary - Excellent

+1 more

Dislikes

Long working hours throughout year. unskilled and under qualified seniors. No training. No hr policies. they don't have hr wing except for head office. Biases like any other psu culture. Transfers are at mercy of management

Skill development - Poor

+4 more

Area Manager in Lucknow

Full Time

Sales & Business Development Department

2.0

• posted on 30 Oct 2023

4.0

for Salary and Benefits

Likes

Stable job Good Salary

Salary - Good

+1 more

Dislikes

No learning and new skill development Only run after chasing numbers No work life balance Everyone is doing everything, no specific career path Transfers every 3 years Places of postings may not be satisfactory

Skill development - Bad

+3 more

Accountant in Vijayawada

Full Time

Finance & Accounting Department

3.0

• posted on 28 Jul 2020

5.0

for Salary and Benefits

Likes

Secured job. Good work culture. Pressuring the employees every day. Not good company for chartered accountants. Compensation & benefits good. Covid lockdown time given work from home facility.

Salary - Excellent

+3 more

Dislikes

No proper execution regarding how to utilise employee knowledge resources

Direct Marketing Executive in Kolkata

Full Time

Sales & Business Development Department

1.0

• posted on 22 Jun 2020

1.0

for Salary and Benefits

Likes

During covid 19 no one get salary or any compensation from LICHFL. No work no pay.

Dislikes

We think that LICHFL will help us to grow our future career, but we are wrong. All of we doing permanent job before joining LICHFL,now we think why should we leave that job.

Salary - Bad

+6 more

Area Manager- Housing Finance in Kolkata

Other Department

4.0

• posted on 30 Jun 2022

4.0

for Salary and Benefits

Likes

It is a company that provides good compensation for the work we do. However promotion structure at officer cadres are rigid and long office hours are the norm. Overall if one is willing to compromise a bit on work life balance , it is good company to work for.

Salary - Good

+2 more

Dislikes

Work-life balance - Poor

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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LIC Housing Finance Credit Manager Salary FAQs

What is the salary of Credit Manager at LIC Housing Finance in Mumbai?

The average salary of a Credit Manager at LIC Housing Finance in Mumbai typically ranges from ₹12.2 Lakhs to ₹18.0 Lakhs per year, depending on experience (from 3 years to 11 years).

The top 10% of Credit Manager in Mumbai at LIC Housing Finance earn more than ₹18.0 Lakhs per year, and the top 1% earn over ₹18.0 Lakhs per year. Credit Manager Salaries at LIC Housing 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 4 LIC Housing Finance employees in India.

What is the estimated take home salary of a Credit Manager at LIC Housing Finance in Mumbai?

The estimated take-home salary of a Credit Manager at LIC Housing Finance in Mumbai typically ranges from ₹1,08,313 to ₹1,11,303 per month. This is based on the average salary range of ₹12.2 Lakhs to ₹18.0 Lakhs per year for employees with experience ranging from 3 years to 11 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 4 salaries received from various employees of LIC Housing Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

What is the salary of a Credit Manager in companies similar to LIC Housing Finance in Mumbai?

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

Hinduja Leyland Finance	₹7.3 Lakhs to ₹13.3 Lakhs per year
Tata Capital Housing Finance	₹5.0 Lakhs to ₹11.0 Lakhs per year
PNB Housing Finance	₹4.5 Lakhs to ₹11.4 Lakhs per year
Kotak Mahindra Prime	₹4.5 Lakhs to ₹11.0 Lakhs per year
InCred Finance	₹4.1 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 LIC Housing Finance in Mumbai?

The salary growth for a Credit Manager at LIC Housing 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 LIC Housing Finance:

Experience	Average Salary Range
3 years	₹11.0 Lakhs to ₹14.0 Lakhs per year
4 years	₹11.6 Lakhs to ₹14.8 Lakhs per year
5 years	₹12.3 Lakhs to ₹15.7 Lakhs per year
6 years	₹12.9 Lakhs to ₹16.5 Lakhs per year

and so on.

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LIC Housing Finance Credit Manager Salaries in Mumbai

LIC Housing Finance Credit Manager salary in Mumbai ranges between ₹12.2 Lakhs to ₹18 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 LIC Housing Finance latest salaries received from various employees of LIC Housing Finance.