Light Microfinance Credit Manager Salaries by 6 Employees

0 - 4 years exp.

₹2.8 Lakhs - ₹4.5 Lakhs

Low Confidence

Salary of majority employees

50% less than the average Credit Manager Salary in NBFC Companies for 0 - 4 years of experience

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Salaries in different departments

Risk Management & Compliance Credit Manager Salary 3 - 4 years exp. (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.2 L/yr
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Finance & Accounting Credit Manager Salary 2 years exp. (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.2 L/yr

Last Updated: 31 Aug 2024

Companies similar to Light Microfinance for Credit Manager

Company name	Avg Annual Salary	Open Jobs
Ujjivan Financial Services Credit Manager Salary 0 - 9 years exp. (4 salaries)	₹3.3 L/yr - ₹7.3 L/yr 40% more	3 job openings
Bharat Financial Inclusion Credit Manager Salary 0 - 4 years exp. (7 salaries)	₹2.2 L/yr - ₹3.6 L/yr 23% less
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Jana Small Finance Bank Credit Manager Salary 2 - 12 years exp. (190 salaries)	₹1.5 L/yr - ₹10 L/yr 51% more
Bandhan Bank Credit Manager Salary 0 - 15 years exp. (304 salaries)	₹2.6 L/yr - ₹10.8 L/yr 65% more
Equitas Small Finance Bank Credit Manager Salary 2 - 15 years exp. (175 salaries)	₹2.2 L/yr - ₹9.7 L/yr 42% more	8 job openings
Utkarsh Small Finance Bank Credit Manager Salary 1 - 10 years exp. (278 salaries)	₹2 L/yr - ₹8.6 L/yr 25% more	2 job openings
Satin Creditcare Network Credit Manager Salary 4 - 7 years exp. (11 salaries)	₹2.4 L/yr - ₹5.1 L/yr 8% less
CreditAccess Grameen Credit Manager Salary 1 - 7 years exp. (12 salaries)	₹2.4 L/yr - ₹3.8 L/yr 24% less
Spandana Sphoorty Financial Credit Manager Salary 0 - 4 years exp. (6 salaries)	₹1.1 L/yr - ₹3.5 L/yr 27% less
Tata Capital Housing Finance Credit Manager Salary 3 - 14 years exp. (189 salaries)	₹4 L/yr - ₹13.9 L/yr 119% more
Vistaar Finance Credit Manager Salary 0 - 9 years exp. (162 salaries)	₹3 L/yr - ₹8 L/yr 39% more
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Shubham Housing Development Finance Credit Manager Salary 2 - 9 years exp. (159 salaries)	₹2.1 L/yr - ₹5.5 L/yr 6% more
Ugro Capital Credit Manager Salary 4 - 10 years exp. (150 salaries)	₹3.2 L/yr - ₹11.2 L/yr 70% more
Bajaj Housing Finance Credit Manager Salary 1 - 6 years exp. (124 salaries)	₹2 L/yr - ₹7.8 L/yr 24% more
Kotak Mahindra Prime Credit Manager Salary 1 - 9 years exp. (121 salaries)	₹3.9 L/yr - ₹12 L/yr 110% more
India Shelter Finance Corporation Credit Manager Salary 1 - 8 years exp. (92 salaries)	₹2.9 L/yr - ₹6.5 L/yr 16% more
PNB Housing Finance Credit Manager Salary 0 - 13 years exp. (95 salaries)	₹4.9 L/yr - ₹12.1 L/yr 127% more
Sammaan Capital Limited Credit Manager Salary 1 - 8 years exp. (81 salaries)	₹3 L/yr - ₹9 L/yr 33% more
InCred Finance Credit Manager Salary 2 - 11 years exp. (73 salaries)	₹4.1 L/yr - ₹11.4 L/yr 98% more
Electronica Finance Credit Manager Salary 3 - 10 years exp. (49 salaries)	₹2.5 L/yr - ₹10.1 L/yr 39% more	3 job openings

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Credit Manager salary at Light Microfinance ranges between ₹2.8 Lakhs to ₹4.5 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 6 latest salaries received from various employees of Light Microfinance.

Experience wise Light Microfinance Credit Manager salaries

Last Updated: 31 Aug 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.8 L/yr - ₹6.5 L/yr
1 year (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.2 L/yr
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2 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹6.8 L/yr
3 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4 L/yr
4 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.5 L/yr

Similar Designation salaries in Light Microfinance

Credit Officer Salary

(AmbitionBox Estimate)

₹2.4 L/yr - ₹3.1 L/yr

Area Credit Manager Salary

(3 salaries)

₹3.05 L/yr - ₹4.75 L/yr

Branch Manager Salary

(41 salaries)

₹2 L/yr - ₹5 L/yr

Sales Manager Salary

(6 salaries)

₹2.4 L/yr - ₹3.5 L/yr

Branch Credit Manager Salary

(30 salaries)

₹2.4 L/yr - ₹4.5 L/yr

Cluster Credit Manager Salary

(5 salaries)

₹4.47 L/yr - ₹6 L/yr

Regional Credit Manager Salary

(9 salaries)

₹4.16 L/yr - ₹6 L/yr

Sales Officer Salary

(4 salaries)

₹1.7 L/yr - ₹3 L/yr

Relationship Manager Salary

(3 salaries)

₹5.6 L/yr - ₹7.8 L/yr

Officer Salary

(AmbitionBox Estimate)

₹3.4 L/yr - ₹4.4 L/yr

Salary related reviews for Light Microfinance

4.9

Rated by 3 employees for salary & benefits

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

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

Executive in Ahmedabad

Management Department

1.0

• posted on 02 Oct 2021

1.0

for Salary and Benefits

Likes

Their Politics and justice to any Issue

Dislikes

The Management means if you have any issue and or you are in any problem like harassment and if you will told your problems to management then they will definitely give justice to you … They will terminate/Separate you as you are the reason Because you have given him chance to harass you. So they will also terminate you . So if you have to survive then you have to became mute if you are getting harass then don’t tell anybody other wise you will out of the office.

Salary - Bad

+6 more

Manager - MIS in Ahmedabad

Administration Department

1.0

• posted on 26 May 2022

1.0

for Salary and Benefits

Likes

This is a very poor company there is no value of employees attraction rate is so high you can check with company data joining and leaving rate

Dislikes

This company operating by only one person all the management following only his instructions because he is doing business

Salary - Bad

+6 more

see more salary related reviews

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Salary Discussions, Hike & Promotions

a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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Light Microfinance Credit Manager Salary FAQs

What is the salary of Credit Manager at Light Microfinance ?

The average salary of a Credit Manager at Light Microfinance in India typically ranges from ₹2.8 Lakhs to ₹4.5 Lakhs per year, depending on experience (from Fresher to 4 years).

The top 10% of Credit Manager at Light Microfinance earn more than ₹4.5 Lakhs per year, and the top 1% earn over ₹4.5 Lakhs per year. 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 6 Light Microfinance employees in India.

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

The estimated take-home salary of a Credit Manager at Light Microfinance in India typically ranges from ₹28,754 to ₹30,137 per month. This is based on the average salary range of ₹2.8 Lakhs to ₹4.5 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 6 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 Credit Manager in India?

LIC Housing Finance	₹8.0 Lakhs to ₹30.0 Lakhs per year
BA Continuum	₹9.0 Lakhs to ₹17.0 Lakhs per year
PNB Housing Finance	₹4.9 Lakhs to ₹12.1 Lakhs per year
Tata Capital Housing Finance	₹4.0 Lakhs to ₹13.9 Lakhs per year
Kotak Mahindra Prime	₹3.9 Lakhs to ₹12.0 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 Credit Manager in companies similar to Light Microfinance in India?

The salary of a 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:

Hero FinCorp	₹5.0 Lakhs to ₹11.6 Lakhs per year
InCred Finance	₹4.1 Lakhs to ₹11.4 Lakhs per year
Hinduja Leyland Finance	₹3.2 Lakhs to ₹11.5 Lakhs per year
Ugro Capital	₹3.2 Lakhs to ₹11.2 Lakhs per year
Bandhan Bank	₹2.6 Lakhs to ₹10.8 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 Light Microfinance in India?

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

Experience	Average Salary Range
Fresher	₹2.8 Lakhs to ₹6.5 Lakhs per year
1 year	₹3.3 Lakhs to ₹4.2 Lakhs per year
2 years	₹3.2 Lakhs to ₹6.8 Lakhs per year
3 years	₹3.5 Lakhs to ₹4.0 Lakhs per year

and so on.

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Light Microfinance Credit Manager Salaries

Light Microfinance Credit Manager salary in India ranges between ₹2.8 Lakhs to ₹4.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Light Microfinance latest salaries received from various employees of Light Microfinance.