Light Microfinance Cluster Credit Manager Salaries by 5 Employees (Updated 2025)

8 - 12 years exp.

₹4.5 Lakhs - ₹6 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

48% less than the average Cluster Credit Manager Salary in NBFC Companies for 8 - 12 years of experience

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Salaries in different departments

Risk Management & Compliance Cluster Credit Manager Salary 10 - 12 years exp. (AmbitionBox Estimate)	₹4.5 L/yr - ₹4.7 L/yr
Data Science & Analytics Cluster Credit Manager Salary 8 years exp. (AmbitionBox Estimate)	₹5 L/yr - ₹6.1 L/yr
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Finance & Accounting Cluster Credit Manager Salary 11 years exp. (AmbitionBox Estimate)	₹4.9 L/yr - ₹6 L/yr

Last Updated: 29 Mar 2025

Companies similar to Light Microfinance for Cluster Credit Manager

Company name	Avg Annual Salary	Open Jobs
Vistaar Finance Cluster Credit Manager Salary 6 - 15 years exp. (38 salaries)	₹7 L/yr - ₹12.5 L/yr 100% more
Finova Capital Cluster Credit Manager Salary 2 - 7 years exp. (23 salaries)	₹4.2 L/yr - ₹8 L/yr 5% more
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Ugro Capital Cluster Credit Manager Salary 4 - 14 years exp. (15 salaries)	₹6.5 L/yr - ₹12.5 L/yr 106% more
IKF Finance Cluster Credit Manager Salary 5 - 14 years exp. (12 salaries)	₹5.8 L/yr - ₹10.4 L/yr 59% more
Bajaj Housing Finance Cluster Credit Manager Salary 8 - 13 years exp. (12 salaries)	₹10.7 L/yr - ₹19.6 L/yr 171% more
Hinduja Leyland Finance Cluster Credit Manager Salary 1 - 15 years exp. (7 salaries)	₹4 L/yr - ₹8.5 L/yr 14% more
Kogta Financial India Limited Cluster Credit Manager Salary 9 - 13 years exp. (6 salaries)	₹5.4 L/yr - ₹9 L/yr 56% more
Kotak Mahindra Prime Cluster Credit Manager Salary 6 - 14 years exp. (5 salaries)	₹7 L/yr - ₹16 L/yr 126% more
Hero FinCorp Cluster Credit Manager Salary 0 - 14 years exp. (4 salaries)	₹5 L/yr - ₹20.3 L/yr 160% more
Electronica Finance Cluster Credit Manager Salary 5 - 11 years exp. (4 salaries)	₹5 L/yr - ₹8.5 L/yr 41% more

Cluster Credit Manager salary at Light Microfinance ranges between ₹4.5 Lakhs to ₹6 Lakhs per year for employees with experience between 8 years to 12 years. Salary estimates are based on 5 latest salaries received from various employees of Light Microfinance.

Experience wise Light Microfinance Cluster Credit Manager salaries

Last Updated: 29 Mar 2025

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹5.1 L/yr - ₹6.6 L/yr
9 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹6.3 L/yr
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10 years (AmbitionBox Estimate)	₹4.7 L/yr - ₹6 L/yr
11 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.7 L/yr
12 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.4 L/yr

Similar Designation salaries in Light Microfinance

Area Credit Manager Salary

(3 salaries)

₹3.05 L/yr - ₹4.75 L/yr

Branch Credit Manager Salary

(30 salaries)

₹2.4 L/yr - ₹4.5 L/yr

Regional Credit Manager Salary

(9 salaries)

₹4.16 L/yr - ₹6 L/yr

Credit Manager Salary

(6 salaries)

₹2.8 L/yr - ₹4.5 L/yr

Relationship Manager Salary

(3 salaries)

₹5.6 L/yr - ₹7.8 L/yr

Credit Officer Salary

(AmbitionBox Estimate)

₹2.4 L/yr - ₹3.1 L/yr

Branch Manager Salary

(39 salaries)

₹2 L/yr - ₹4.1 L/yr

Sales Manager Salary

(6 salaries)

₹2.4 L/yr - ₹3.5 L/yr

Sales Officer Salary

(4 salaries)

₹1.7 L/yr - ₹3 L/yr

Officer Salary

(AmbitionBox Estimate)

₹3.4 L/yr - ₹4.4 L/yr

Salary related reviews for Light Microfinance

3.0

Rated by 1 employees for salary & benefits

Branch Manager in Halol

Full Time

Sales & Business Development Department

1.0

• posted on 14 Mar 2025

4.0

for Salary and Benefits

Likes

Salary, incentive good

Salary - Good

Dislikes

If you are a flatterer of one person in the credit team, your job is safe.if you work honestly, your job is in danger.and and if you change your gender,you get promoted in credit team .it is good to be in the business team and Promotion are done on the basis of look's not on the basis of work , promotion is given after seeing the work.

Job security - Bad

+4 more

Credit Executive in Ahmedabad

Credit Risk Department

1.0

• posted on 22 Oct 2021

1.0

for Salary and Benefits

Likes

...rds executives. Don't waste your crucial career time working for this company. Salary very low as compared to other companies.

Dislikes

There is a lot of politics and management doesn't address our issues.

Salary - Bad

+6 more

Assistant Manager Corporate Staretgy in Ahmedabad

Full Time

Strategic & Top Management Department

4.0

• posted on 03 Apr 2025

4.0

for Salary and Benefits

Likes

If You want learn & grow, this place is for you.

Salary - Good

+5 more

Dislikes

...eds appreciation, chance to work with CXO's but only closed ones are getting it. *Pay is below average in my case though they were paying to others managers & senior managers. offered 50%+ hike to manager appointed from X NBFC but when it comes to paying ASM budget is issue 20%+ incentive. I observe only.

Gurp Lone in Ratangarh

Full Time

Nagor Department

5.0

• posted on 25 Jun 2022

5.0

for Salary and Benefits

Likes

... cafeteria and gaming arcade for chilling company policy are good appraisal are fair and the give good salary hike and bonus every yers

Salary - Excellent

+6 more

Dislikes

There is a lot of politics and the management doesn't address our issues salary is decent but career growet

Finance in Barmer

Other Department

1.0

• posted on 18 May 2021

1.0

for Salary and Benefits

Likes

light microfinance me jobs are not secure

Dislikes

...rt is not available and work is hard and you do not get any proper facilities. No salary growth Branch ke pas me koi is not a knowledge / expression manager Company loan policy is not good Company levies higher interest rates on loans Which is not good for the poor Company loan amount is low

Salary - Bad

+5 more

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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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Light Microfinance Cluster Credit Manager Salary FAQs

What is the salary of Cluster Credit Manager at Light Microfinance ?

The average salary of a Cluster Credit Manager at Light Microfinance in India typically ranges from ₹4.5 Lakhs to ₹6.0 Lakhs per year, depending on experience (from 8 years to 12 years).

The top 10% of Cluster Credit Manager at Light Microfinance earn more than ₹6.0 Lakhs per year, and the top 1% earn over ₹6.0 Lakhs per year. Cluster Credit Manager Salaries at Light Microfinance 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 5 Light Microfinance employees in India.

What is the estimated take home salary of a Cluster Credit Manager at Light Microfinance in India?

The estimated take-home salary of a Cluster Credit Manager at Light Microfinance in India typically ranges from ₹39,347 to ₹40,522 per month. This is based on the average salary range of ₹4.5 Lakhs to ₹6.0 Lakhs per year for employees with experience ranging from 8 years to 12 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 5 salaries received from various employees of Light Microfinance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Light Microfinance for Cluster Credit Manager in India?

Bajaj Housing Finance	₹10.7 Lakhs to ₹19.6 Lakhs per year
Hero FinCorp	₹5.0 Lakhs to ₹20.3 Lakhs per year
Kotak Mahindra Prime	₹7.0 Lakhs to ₹16.0 Lakhs per year
Ugro Capital	₹6.5 Lakhs to ₹12.5 Lakhs per year
Vistaar Finance	₹7.0 Lakhs to ₹12.5 Lakhs per year

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

What is the salary of a Cluster Credit Manager in companies similar to Light Microfinance in India?

The salary of a Cluster Credit Manager at companies similar to Light Microfinance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

IKF Finance	₹5.8 Lakhs to ₹10.4 Lakhs per year
Kogta Financial India Limited	₹5.4 Lakhs to ₹9.0 Lakhs per year
Electronica Finance	₹5.0 Lakhs to ₹8.5 Lakhs per year
Hinduja Leyland Finance	₹4.0 Lakhs to ₹8.5 Lakhs per year
Finova Capital	₹4.2 Lakhs to ₹8.0 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 Cluster Credit Manager at Light Microfinance in India?

The salary growth for a Cluster Credit Manager at Light Microfinance depends on factors such as experience, performance, and promotions. On average, a Cluster Credit Manager can expect the following growth trajectory at Light Microfinance:

Experience	Average Salary Range
8 years	₹5.1 Lakhs to ₹6.6 Lakhs per year
9 years	₹4.9 Lakhs to ₹6.3 Lakhs per year
10 years	₹4.7 Lakhs to ₹6.0 Lakhs per year
11 years	₹4.5 Lakhs to ₹5.7 Lakhs per year

and so on.

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Light Microfinance Cluster Credit Manager Salaries

Light Microfinance Cluster Credit Manager salary in India ranges between ₹4.5 Lakhs to ₹6 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Light Microfinance latest salaries received from various employees of Light Microfinance.