Mphasis Chennai Loan Processor Salaries by 20+ Employees (Updated 2025)

1 - 6 years exp.

₹2.1 Lakhs - ₹5.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

17% more than the average Loan Processor Salary in IT Services & Consulting Companies for 1 - 6 years of experience

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Salaries in different departments

BFSI, Investments & Trading Loan Processor Salary 1 - 6 years exp. (7 salaries)	₹3 L/yr - ₹4.5 L/yr
Customer Success, Service & Operations Loan Processor Salary 2 - 6 years exp. (4 salaries)	₹2.1 L/yr - ₹3.9 L/yr
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Consulting Loan Processor Salary 4 - 6 years exp. (3 salaries)	₹3.7 L/yr - ₹5.5 L/yr
Finance & Accounting Loan Processor Salary 3 - 4 years exp. (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.7 L/yr
Engineering - Software & QA Loan Processor Salary 2 years exp. (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.7 L/yr

Last Updated: 3 Jan 2025

Companies similar to Mphasis for Loan Processor in Chennai

Mphasis Loan Processor Salary

1 - 6 years exp. (22 salaries)

₹2.1 L/yr - ₹5.5 L/yr

Company name	Avg Annual Salary	Open Jobs
Accenture Loan Processor Salary 1 - 5 years exp. (11 salaries)	₹1.6 L/yr - ₹3 L/yr 36% less
Wipro Loan Processor Salary 1 - 4 years exp. (10 salaries)	₹1.5 L/yr - ₹3.4 L/yr 24% less
Login to view exact salary
HDB Financial Services Loan Processor Salary 1 - 3 years exp. (6 salaries)	₹1.4 L/yr - ₹2.4 L/yr 41% less
Firstsource Solutions Loan Processor Salary 0 - 4 years exp. (4 salaries)	₹2.4 L/yr - ₹3 L/yr 19% less
Kotak Mahindra Bank Loan Processor Salary 3 - 7 years exp. (4 salaries)	₹2.3 L/yr - ₹3.1 L/yr 32% less

Loan Processor salary at Mphasis ranges between ₹2.1 Lakhs to ₹5.5 Lakhs per year for employees with experience between 1 year to 6 years. Salary estimates are based on 22 latest salaries received from various employees of Mphasis.

Latest annual salaries shared by Mphasis Loan Processor in Chennai

3mo ago

₹5.5 Lakhs

6 years exp.

4mo ago

₹4.5 Lakhs

6 years exp.

5mo ago

₹4 Lakhs

6 years exp.

7mo ago

₹3 Lakhs

3 years exp.

8mo ago

₹2.5 Lakhs

1 year exp.

8mo ago

5 years exp.

1y ago

4 years exp.

1y ago

4 years exp.

1y ago

2 years exp.

Experience wise Mphasis Loan Processor salaries in Chennai

Last Updated: 3 Jan 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr
2 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.8 L/yr
Login to view exact salary
3 years (4 salaries)	₹2.6 L/yr - ₹6.3 L/yr
4 years (5 salaries)	₹3.7 L/yr - ₹4.3 L/yr
5 years (4 salaries)	₹2.8 L/yr - ₹4.3 L/yr
6 years (5 salaries)	₹3.9 L/yr - ₹5.5 L/yr

View all

Similar Designation salaries in Mphasis

Team Lead Salary

(40 salaries)

₹6 L/yr - ₹21.23 L/yr

Senior Associate Salary

(35 salaries)

₹2 L/yr - ₹6.5 L/yr

Senior Analyst Salary

(15 salaries)

₹4.1 L/yr - ₹13.4 L/yr

Analyst Salary

(7 salaries)

₹5 L/yr - ₹7.35 L/yr

Top skills at Mphasis for Loan Processor

Communication Skills US Mortgage Customer Service mortgage US Mortgage Customer Service Strong Analytical Skills Credit Underwriting MS Office non voice Finance Computer Proficiency Verbal Communication Communication Skills Financial Services

Salary related reviews for Mphasis

1.9

Rated by 4 employees for salary & benefits

Loan Processor in Bangalore Urban

Other Department

4.0

• posted on 15 May 2022

4.0

for Salary and Benefits

Likes

...agement is transparent. There is a hug cafeteria and gaming arcade for chilling. Company policies are good, appraisal are fair and they give good salary hike every year.

Salary - Good

+6 more

Dislikes

There is a lot of poltics and the management dosen't address our issues. Salary is decent but career growth is slow. on the job training is not given to new joinees

Senior Analyst in Pune

Full Time

Risk Management & Compliance Department

3.0

• posted on 10 Sep 2023

3.0

for Salary and Benefits

Likes

Flexible working hours, Skill development internal platforms or training tools, Self awareness sessions organised by HRBPs

Skill development - Excellent

+2 more

Dislikes

1. No Salary increment from last 4 years in any department, 2. Multiple manager hierarchy, 3. Unnecessary internal PF process, 4. Benefits like Internet bill reimbursement are only on paper, 5. Rude hiring HRs (Negotiate as higher as possible while joining only, because once you join in- you'll not get anything) 6. Unskilled managers or management (not all but some), 7. Appreciations happen only on email, the rewards system (money based) stopped from Q1 2023, you'll get certificates to post on social media/LinkedIn 😁 8. Quarterly bonus will be received only if "whole team" performs better & if your client is 100% happy. Else, forget it. (It doesn't matter how smart/hard you worked

Promotions - Bad

Financial Analyst in Bangalore / Bengaluru

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 07 Jun 2023

1.0

for Salary and Benefits

Likes

There is no good things about company

Dislikes

I had been working with mphasis from 2.5 year since I joined I siding get any benifits apart from salary and management as worst TL’s (Geethamma SH, SriRanjini,Saravanan) are behave like managers and they won’t let employees to work peacefully. HR (Ashwini david) also worst like anything she won’t bother about employees concern. Overall not at all good experience.

Salary - Bad

+6 more

Process Associate in Bangalore / Bengaluru

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 05 Jun 2022

1.0

for Salary and Benefits

Likes

Culture in the company is good and they have multiple business LOB's and if you are lucky you can be moved to another business through other programs.

Job security - Good

Dislikes

...ssue perks like other companies. No night shift allowance and no food allowance. Cab available however a certain amount will be deducted from your salary every month.

Salary - Bad

+4 more

Process Associate in Pune

Full Time

Finance & Accounting Department

4.0

• posted on 19 May 2022

4.0

for Salary and Benefits

Likes

...t & culture . Team leader also very supportive. & The management is transparent. Company policies are good , the give good salary hike & appraisal every year.

Salary - Good

+6 more

Dislikes

Salary is decent but career growth is slow.

see more salary related reviews

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What people are saying about Mphasis

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a development consultant

2w (edited)

Harman VS Deloitte VS MPhasis

Which company should I join as QA having 5.5 yrs of exp?

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Mphasis Loan Processor Salary FAQs

What is the salary of Loan Processor at Mphasis in Chennai?

The average salary of a Loan Processor at Mphasis in Chennai typically ranges from ₹2.1 Lakhs to ₹5.5 Lakhs per year, depending on experience (from 1 year to 6 years).

The top 10% of Loan Processor in Chennai at Mphasis earn more than ₹4.6 Lakhs per year, and the top 1% earn over ₹5.5 Lakhs per year. Loan Processor Salaries at Mphasis 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 20+ Mphasis employees in India.

What is the estimated take home salary of a Loan Processor at Mphasis in Chennai?

The estimated take-home salary of a Loan Processor at Mphasis in Chennai typically ranges from ₹25,478 to ₹26,910 per month. This is based on the average salary range of ₹2.1 Lakhs to ₹5.5 Lakhs per year for employees with experience ranging from 1 year to 6 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 20+ salaries received from various employees of Mphasis. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Loan Processor at Mphasis in Chennai?

To be a Loan Processor at Mphasis in Chennai, the key skills required include:

- Communication Skills
- US Mortgage
- Customer Service
- mortgage
- US Mortgage

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

What is the salary of a Loan Processor in companies similar to Mphasis in Chennai?

The salary of a Loan Processor at companies similar to Mphasis in Chennai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Firstsource Solutions	₹2.4 Lakhs to ₹3.0 Lakhs per year
Wipro	₹1.5 Lakhs to ₹3.4 Lakhs per year
Kotak Mahindra Bank	₹2.3 Lakhs to ₹3.1 Lakhs per year
Accenture	₹1.6 Lakhs to ₹3.0 Lakhs per year
HDB Financial Services	₹1.4 Lakhs to ₹2.4 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 Loan Processor at Mphasis in Chennai?

The salary growth for a Loan Processor at Mphasis in Chennai depends on factors such as experience, performance, and promotions. On average, a Loan Processor in Chennai can expect the following growth trajectory at Mphasis:

Experience	Average Salary Range
1 year	₹2.8 Lakhs to ₹3.6 Lakhs per year
2 years	₹3.0 Lakhs to ₹3.8 Lakhs per year
3 years	₹2.6 Lakhs to ₹6.3 Lakhs per year
4 years	₹3.7 Lakhs to ₹4.3 Lakhs per year

and so on.

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Mphasis Loan Processor Salaries in Chennai

Mphasis Loan Processor salary in Chennai ranges between ₹2.1 Lakhs to ₹5.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 22 Mphasis latest salaries received from various employees of Mphasis.