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Muthoot Finance Area Credit Manager salaries in India (Updated 2025)

Annual salary range
5 - 10 years exp.
₹3.3 Lakhs - ₹10.1 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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Fixed (90%)
₹6.2 Lakhs
Variable (10%)
₹0.7 Lakh
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43% less than the average Area Credit Manager Salary in NBFC Companies for 5 - 10 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Area Credit Manager Salary
9 - 10 years exp. (AmbitionBox Estimate)
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₹8.2 L/yr - ₹10.1 L/yr

Finance & Accounting
Area Credit Manager Salary
5 - 8 years exp. (AmbitionBox Estimate)
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₹3.3 L/yr - ₹9.6 L/yr

Last Updated: 5 Jan 2025

Companies similar to Muthoot Finance for Area Credit Manager

Company name Avg Annual Salary Open Jobs
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₹6.1 L/yr - ₹16.5 L/yr

arrow icon 60% more
1 job opening
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Poonawalla Fincorp Area Credit Manager Salary

5 - 13 years exp. (205 salaries)

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₹5.5 L/yr - ₹21.9 L/yr

arrow icon 84% more
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L&T Finance Area Credit Manager Salary

4 - 13 years exp. (135 salaries)

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₹6 L/yr - ₹20 L/yr

arrow icon 96% more
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Bajaj Finance Area Credit Manager Salary

3 - 12 years exp. (91 salaries)

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₹4.4 L/yr - ₹14 L/yr

arrow icon 43% more
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Aavas Financiers Area Credit Manager Salary

4 - 16 years exp. (85 salaries)

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₹5 L/yr - ₹14 L/yr

arrow icon 41% more
2 job openings
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PNB Housing Finance Area Credit Manager Salary

5 - 10 years exp. (51 salaries)

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₹9 L/yr - ₹22 L/yr

arrow icon 124% more
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₹5.1 L/yr - ₹14.1 L/yr

arrow icon 48% more
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SMFG India Credit Area Credit Manager Salary

5 - 14 years exp. (41 salaries)

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₹6 L/yr - ₹23.7 L/yr

arrow icon 107% more
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₹5.6 L/yr - ₹14.8 L/yr

arrow icon 33% more
1 job opening
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IIFL Finance Area Credit Manager Salary

3 - 11 years exp. (32 salaries)

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₹5.2 L/yr - ₹19.2 L/yr

arrow icon 55% more
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Capri Global Capital Area Credit Manager Salary

5 - 15 years exp. (28 salaries)

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₹7.5 L/yr - ₹12 L/yr

arrow icon 39% more
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Muthoot Microfin Area Credit Manager Salary

2 - 8 years exp. (28 salaries)

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₹2 L/yr - ₹5.5 L/yr

arrow icon 44% less
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SK Finance Limited Area Credit Manager Salary

5 - 13 years exp. (26 salaries)

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₹4.8 L/yr - ₹9.6 L/yr

arrow icon 4% more
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Shriram Finance Area Credit Manager Salary

5 - 13 years exp. (21 salaries)

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₹9.5 L/yr - ₹21 L/yr

arrow icon 111% more
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₹11 L/yr - ₹20.7 L/yr

arrow icon 126% more
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CreditAccess Grameen Area Credit Manager Salary

5 - 17 years exp. (16 salaries)

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₹4.5 L/yr - ₹13.1 L/yr

arrow icon 25% more
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TVS Credit Area Credit Manager Salary

5 - 25 years exp. (10 salaries)

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₹6.6 L/yr - ₹15.1 L/yr

arrow icon 59% more
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Muthoot Fincorp Area Credit Manager Salary

2 - 11 years exp. (7 salaries)

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₹2.2 L/yr - ₹9 L/yr

arrow icon 9% less
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Mahindra Finance Area Credit Manager Salary

7 - 16 years exp. (7 salaries)

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₹5.5 L/yr - ₹14 L/yr

arrow icon 39% more
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₹4.3 L/yr - ₹9 L/yr

arrow icon 8% less
View all
Area Credit Manager salary at Muthoot Finance ranges between ₹3.3 Lakhs to ₹10.1 Lakhs per year for employees with experience between 5 years to 10 years. Salary estimates are based on 4 latest salaries received from various employees of Muthoot Finance.

Latest annual salaries shared by Muthoot Finance Area Credit Manager

3d ago
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10 years exp.
3w ago
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8 years exp.
1y ago
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5 years exp.
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9 years exp.

Experience wise Muthoot Finance Area Credit Manager salaries

Last Updated: 5 Jan 2025

Experience Avg Annual Salary
5 years (AmbitionBox Estimate)

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₹3.3 L/yr - ₹6.5 L/yr
6 years (AmbitionBox Estimate)

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₹4.4 L/yr - ₹5.7 L/yr
7 years (AmbitionBox Estimate)

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₹5.6 L/yr - ₹7.2 L/yr
8 years (AmbitionBox Estimate)

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₹3 L/yr - ₹9.6 L/yr
9 years (AmbitionBox Estimate)

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₹8.2 L/yr - ₹15.9 L/yr
View all

Similar Designation salaries in Muthoot Finance

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₹13 L/yr - ₹27 L/yr
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₹3 L/yr - ₹5.6 L/yr
Credit Manager Salary
(73 salaries)
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₹3 L/yr - ₹7.2 L/yr
Cluster Credit Manager Salary
(AmbitionBox Estimate)
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₹16.4 L/yr - ₹20.9 L/yr
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₹5.1 L/yr - ₹5.6 L/yr
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₹19.52 L/yr - ₹22.5 L/yr
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₹3.85 L/yr - ₹6 L/yr
Branch Manager Salary
(560 salaries)
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₹1.8 L/yr - ₹7.5 L/yr
Sales Manager Salary
(47 salaries)
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₹2.5 L/yr - ₹6.5 L/yr
Credit Officer Salary
(8 salaries)
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₹1.65 L/yr - ₹2.35 L/yr

Top skills at Muthoot Finance for Area Credit Manager

Management Quality Audit MIS Reporting Credit Underwriting Loans

Salary related reviews for Muthoot Finance

Full Time

 · 

BFSI, Investments & Trading Department

2.0
  •  posted on 21 Jan 2025

3.0
 for  Salary and Benefits

Likes

There no need to wear formals like banks .

Dislikes

Work culture is bad , we will not get the salary which is mentioned in the offer letter , there is no work balance even we have to work in Sunday's also . Heavy work pressure. There is no job security

read more
  • Skill development - Bad
  • +5 more

Full Time

 · 

Customer Success, Service & Operations Department

3.0
  •  posted on 01 Dec 2024

3.0
 for  Salary and Benefits

Likes

salary hike and Career growth is nominal.. work culture and work life balance is best

read more
  • Skill development - Good
  • +4 more

Dislikes

Increment of salary and Incentives payout is only for seniors and RO employees, branch level employee only get the nominal amount

read more
  • Promotions - Poor

Full Time

 · 

Customer Success, Service & Operations Department

2.0
  •  posted on 28 Oct 2024

4.0
 for  Salary and Benefits

Likes

1.Market approach 2.On time salary and incentives 3.Accessible and easy to search services 4. Old and most known name in gold loan in market 5.brand goodwill

read more
  • Salary - Good
  • +2 more

Dislikes

1. Security issues (unnecessary burden on employee) 2. It is like a high security jail 3. Unnecessary sales burden 4. Focus day ( no decreased roi no high per gram rate then it is illogical) 5. Sunday/night visit ( it should be the job done by security guard) 6. A number of products to sale with daily basis target (nobody can achieve all in a day) 7. Anybody unknown or new joinee in corporate or regional office can call you, threatened you,harrased you to complete his task on given time . 8. High rate of interest, difficult to add new customer comparing other banks and NBFC's 9. Muthoot most rust thing it's penalties ( a normal customer pays a lot extra RBI is still watching this fraud.

read more
  • Job security - Bad
  • +3 more

Full Time

 · 

Finance & Accounting Department

1.0
  •  posted on 19 Jul 2024

1.0
 for  Salary and Benefits

Likes

Salary always credited in right time

Dislikes

Dividing the staff with religion Similar promotion and pay not available.Very politics on staff promotion Higher Authorities and very bad Paying very less payment Not employee friendly oriented company

read more
  • Salary - Bad
  • +6 more

Full Time

 · 

Customer Success, Service & Operations Department

1.0
  •  posted on 31 May 2023

1.0
 for  Salary and Benefits

Likes

Nothing in this company is good, company is very unorganised. Employment and Promotions is very pathetic situation mainly every decision based on Kerala centric employees. Kerala employees joined very good position and other states employees are very neglected by management it self.

read more

Dislikes

...after several attempts whereas most likely employees of management got promoted. Salary Hike is very pathetic situation ,An employees dies by salary he/she gets. Supervisor behaviour is very rude to employees.Alway attempt to terminate the employment .

read more
  • Salary - Bad
  • +6 more
see more salary related reviews

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Muthoot Finance Area Credit Manager Salary FAQs

What is the salary of Area Credit Manager at Muthoot Finance ?
The average salary of a Area Credit Manager at Muthoot Finance in India typically ranges from ₹3.3 Lakhs to ₹10.1 Lakhs per year, depending on experience (from 5 years to 10 years).

The top 10% of Area Credit Manager at Muthoot Finance earn more than ₹10.1 Lakhs per year, and the top 1% earn over ₹10.1 Lakhs per year. Area Credit Manager Salaries at Muthoot 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 Muthoot Finance employees in India.
What is the estimated take home salary of a Area Credit Manager at Muthoot Finance in India?
The estimated take-home salary of a Area Credit Manager at Muthoot Finance in India typically ranges from ₹52,610 to ₹53,849 per month. This is based on the average salary range of ₹3.3 Lakhs to ₹10.1 Lakhs per year for employees with experience ranging from 5 years to 10 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 Muthoot Finance. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Area Credit Manager at Muthoot Finance ?
To be a Area Credit Manager at Muthoot Finance in india, the key skills required include:

  • - Management
  • - Quality Audit
  • - MIS Reporting
  • - Credit Underwriting
  • - Loans

These skills are highly valued at Muthoot Finance and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than Muthoot Finance for Area Credit Manager in India?
Tata Capital Housing Finance ₹11.0 Lakhs to ₹20.7 Lakhs per year
PNB Housing Finance ₹9.0 Lakhs to ₹22.0 Lakhs per year
Shriram Finance ₹9.5 Lakhs to ₹21.0 Lakhs per year
SMFG India Credit ₹6.0 Lakhs to ₹23.7 Lakhs per year
L&T Finance ₹6.0 Lakhs to ₹20.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Muthoot Finance, depending on the role and experience level.
What is the salary of a Area Credit Manager in companies similar to Muthoot Finance in India?
The salary of a Area Credit Manager at companies similar to Muthoot Finance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Kotak Mahindra Prime ₹10.0 Lakhs to ₹15.3 Lakhs per year
Poonawalla Fincorp ₹5.5 Lakhs to ₹21.9 Lakhs per year
John Deere Financial ₹10.3 Lakhs to ₹15.0 Lakhs per year
HDB Financial Services ₹6.1 Lakhs to ₹16.5 Lakhs per year
TVS Credit ₹6.6 Lakhs to ₹15.1 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 Area Credit Manager at Muthoot Finance in India?
The salary growth for a Area Credit Manager at Muthoot Finance depends on factors such as experience, performance, and promotions. On average, a Area Credit Manager can expect the following growth trajectory at Muthoot Finance:

Experience Average Salary Range
5 years ₹3.3 Lakhs to ₹6.5 Lakhs per year
6 years ₹4.4 Lakhs to ₹5.7 Lakhs per year
7 years ₹5.6 Lakhs to ₹7.2 Lakhs per year
8 years ₹3.0 Lakhs to ₹9.6 Lakhs per year
and so on.

Tell us how to improve this page.

Muthoot Finance Area Credit Manager salary in India ranges between ₹3.3 Lakhs to ₹10.1 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Muthoot Finance latest salaries received from various employees of Muthoot Finance.