Locofast Collections Manager Salaries by 4 Employees (Updated 2025)

9 - 12 years exp.

₹12.9 Lakhs - ₹13 Lakhs

Salary of majority employees

130% more than the average Collections Manager Salary in Software Product Companies for 9 - 12 years of experience

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Last Updated: 8 Mar 2025

Companies similar to Locofast for Collections Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Collections Manager Salary 1 - 18 years exp. (1.1k salaries)	₹2 L/yr - ₹11.1 L/yr 48% less	7 job openings
IDFC FIRST Bank Collections Manager Salary 1 - 11 years exp. (565 salaries)	₹2 L/yr - ₹10.5 L/yr 51% less
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Bajaj Finserv Collections Manager Salary 0 - 10 years exp. (364 salaries)	₹1.1 L/yr - ₹8.5 L/yr 62% less
Bajaj Finance Collections Manager Salary 0 - 11 years exp. (342 salaries)	₹1.2 L/yr - ₹7.8 L/yr 63% less
Hero FinCorp Collections Manager Salary 3 - 17 years exp. (311 salaries)	₹3 L/yr - ₹10.2 L/yr 49% less

Collections Manager salary at Locofast ranges between ₹12.9 Lakhs to ₹13 Lakhs per year for employees with experience between 9 years to 12 years. Salary estimates are based on 4 latest salaries received from various employees of Locofast.

Experience wise Locofast Collections Manager salaries

Last Updated: 8 Mar 2025

Experience	Avg Annual Salary
9 years (AmbitionBox Estimate)	₹11.6 L/yr - ₹14.8 L/yr
10 years (AmbitionBox Estimate)	₹11.6 L/yr - ₹14.8 L/yr
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11 years (AmbitionBox Estimate)	₹11.7 L/yr - ₹15 L/yr
12 years (AmbitionBox Estimate)	₹11.6 L/yr - ₹14.8 L/yr

Similar Designation salaries in Locofast

Relationship Manager Salary

(4 salaries)

₹3.05 L/yr - ₹3.3 L/yr

Deputy Manager Salary

(4 salaries)

₹10 L/yr - ₹14.3 L/yr

Sales Executive Salary

(6 salaries)

₹2.4 L/yr - ₹4.5 L/yr

Top skills at Locofast for Collections Manager

Collection Management Dispute Management Collections Recovery

Salary related reviews for Locofast

Business Development Executive in New Delhi

Full Time

Sales & Business Development Department

2.0

• posted on 06 Feb 2025

4.0

for Salary and Benefits

Likes

...You can do anything till the time no one is noticing you. You have freedom here. Salary is quite good. If you are punctual, full salary will be credited.

Salary - Good

Dislikes

...role in their company. Other wise good luck. Poor management. Pathetic policies. Even if you are 10 mins late they will deduct your full day salary or maybe they don't deduct at all. It really depends upon i don't know what! There is nothing like half day here. Unsafe for female employees. Male employees here don't know how to be professional and talk to a girl. They will try to enter in your personal space and say inappropriate things. Will pass comments on your physique. And if you will complain they will take revenge. One guy in this company also misbehaved with a girl here. Totally unhealthy for females.

Skill development - Bad

+3 more

Accounts Manager in New Delhi

Full Time

Sales & Business Development Department

1.0

• posted on 08 Apr 2023

1.0

for Salary and Benefits

Likes

Nothing

Dislikes

Worst Company. Fire anyone whenever they want, No HR policy, No hike, No Reimbursement, PM fired people and abused, Harasses, one of the PM has Bad behevior towords Employees. No Professionalism, No work life balance, Worst ever company to join. They will hire you on high salary then fire you very quickly because they cannot affored you. No one helps you poor Environment

Salary - Bad

+6 more

Business Development Executive in Okhla Phase 3

Full Time

Sales & Business Development Department

1.0

• posted on 01 May 2023

3.0

for Salary and Benefits

Likes

No likes

Dislikes

Culture, job security, learning, management, salary, reimbursement everything is zero if you are new just join learn and exit is the correct procedure they hire newbies easily for low salary and lay off then within 3 months if they didn't give you business. Their policies never let you make business or customers, either your customer churn up coz of policies or someone else would take your client and takes the credit so basically the job is not secure.

Skill development - Poor

+5 more

QA Engineer (working remotely)

Full Time

Production, Manufacturing & Engineering Department

1.0

• posted on 20 Mar 2023

3.0

for Salary and Benefits

Likes

Nothing to be like

Dislikes

Skill development - Bad

+5 more

Management Trainee in Okhla

Full Time

Sales Department

1.0

• posted on 06 Nov 2022

1.0

for Salary and Benefits

Likes

Literally Nothing, the worst HR policy, HRs were useless, CEO fired people randomly and abused and harassed

Dislikes

Pathetic CEOs, only running after investment, unethical,fire anyone whenever they want, no hr policy, no hike to deserving ppl, dont even pay reimbursement

Salary - Bad

+6 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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Locofast Collections Manager Salary FAQs

What is the salary of Collections Manager at Locofast ?

The average salary of a Collections Manager at Locofast in India typically ranges from ₹12.9 Lakhs to ₹13.0 Lakhs per year, depending on experience (from 9 years to 12 years).

The top 10% of Collections Manager at Locofast earn more than ₹13.0 Lakhs per year, and the top 1% earn over ₹13.0 Lakhs per year. Collections Manager Salaries at Locofast 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 Locofast employees in India.

What is the estimated take home salary of a Collections Manager at Locofast in India?

The estimated take-home salary of a Collections Manager at Locofast in India typically ranges from ₹91,202 to ₹93,606 per month. This is based on the average salary range of ₹12.9 Lakhs to ₹13.0 Lakhs per year for employees with experience ranging from 9 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 4 salaries received from various employees of Locofast. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Collections Manager at Locofast ?

To be a Collections Manager at Locofast in india, the key skills required include:

- Collection Management
- Dispute Management
- Collections
- Recovery

These skills are highly valued at Locofast and are crucial for successful performance in a Software Engineering role.

What is the salary of a Collections Manager in companies similar to Locofast in India?

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

HDFC Bank	₹2.0 Lakhs to ₹11.1 Lakhs per year
Hero FinCorp	₹3.0 Lakhs to ₹10.2 Lakhs per year
IDFC FIRST Bank	₹2.0 Lakhs to ₹10.5 Lakhs per year
Bajaj Finserv	₹1.1 Lakhs to ₹8.5 Lakhs per year
Bajaj Finance	₹1.2 Lakhs to ₹7.8 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 Collections Manager at Locofast in India?

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

Experience	Average Salary Range
9 years	₹11.6 Lakhs to ₹14.8 Lakhs per year
10 years	₹11.6 Lakhs to ₹14.8 Lakhs per year
11 years	₹11.7 Lakhs to ₹15.0 Lakhs per year
12 years	₹11.6 Lakhs to ₹14.8 Lakhs per year

and so on.

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Locofast Collections Manager Salaries

Locofast Collections Manager salary in India ranges between ₹12.9 Lakhs to ₹13 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Locofast latest salaries received from various employees of Locofast.