Muthoot Finance Area Credit Manager Salaries by 4 Employees (Updated 2025)

5 - 10 years exp.

₹3.3 Lakhs - ₹10.1 Lakhs

Low Confidence

Salary of majority employees

Fixed (90%)

₹6.2 Lakhs

Variable (10%)

₹0.7 Lakh

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)	₹8.2 L/yr - ₹10.1 L/yr
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Finance & Accounting Area Credit Manager Salary 5 - 8 years exp. (AmbitionBox Estimate)	₹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
HDB Financial Services Area Credit Manager Salary 5 - 18 years exp. (215 salaries)	₹6.1 L/yr - ₹16.5 L/yr 60% more	1 job opening
Poonawalla Fincorp Area Credit Manager Salary 5 - 13 years exp. (205 salaries)	₹5.5 L/yr - ₹21.9 L/yr 84% more
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L&T Finance Area Credit Manager Salary 4 - 13 years exp. (135 salaries)	₹6 L/yr - ₹20 L/yr 96% more
Bajaj Finance Area Credit Manager Salary 3 - 12 years exp. (91 salaries)	₹4.4 L/yr - ₹14 L/yr 43% more
Aavas Financiers Area Credit Manager Salary 4 - 16 years exp. (85 salaries)	₹5 L/yr - ₹14 L/yr 41% more	2 job openings
PNB Housing Finance Area Credit Manager Salary 5 - 10 years exp. (51 salaries)	₹9 L/yr - ₹22 L/yr 124% more
Sammaan Capital Limited Area Credit Manager Salary 5 - 15 years exp. (45 salaries)	₹5.1 L/yr - ₹14.1 L/yr 48% more
SMFG India Credit Area Credit Manager Salary 5 - 14 years exp. (41 salaries)	₹6 L/yr - ₹23.7 L/yr 107% more
Mahindra Rural Housing Finance Area Credit Manager Salary 6 - 18 years exp. (38 salaries)	₹5.6 L/yr - ₹14.8 L/yr 33% more	1 job opening
IIFL Finance Area Credit Manager Salary 3 - 11 years exp. (32 salaries)	₹5.2 L/yr - ₹19.2 L/yr 55% more
Capri Global Capital Area Credit Manager Salary 5 - 15 years exp. (28 salaries)	₹7.5 L/yr - ₹12 L/yr 39% more
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Muthoot Microfin Area Credit Manager Salary 2 - 8 years exp. (28 salaries)	₹2 L/yr - ₹5.5 L/yr 44% less
SK Finance Limited Area Credit Manager Salary 5 - 13 years exp. (26 salaries)	₹4.8 L/yr - ₹9.6 L/yr 4% more
Shriram Finance Area Credit Manager Salary 5 - 13 years exp. (21 salaries)	₹9.5 L/yr - ₹21 L/yr 111% more
Tata Capital Housing Finance Area Credit Manager Salary 4 - 14 years exp. (20 salaries)	₹11 L/yr - ₹20.7 L/yr 126% more
CreditAccess Grameen Area Credit Manager Salary 5 - 17 years exp. (16 salaries)	₹4.5 L/yr - ₹13.1 L/yr 25% more
TVS Credit Area Credit Manager Salary 5 - 25 years exp. (10 salaries)	₹6.6 L/yr - ₹15.1 L/yr 59% more
Muthoot Fincorp Area Credit Manager Salary 2 - 11 years exp. (7 salaries)	₹2.2 L/yr - ₹9 L/yr 9% less
Mahindra Finance Area Credit Manager Salary 7 - 16 years exp. (7 salaries)	₹5.5 L/yr - ₹14 L/yr 39% more
Bharat Financial Inclusion Area Credit Manager Salary 12 - 17 years exp. (6 salaries)	₹4.3 L/yr - ₹9 L/yr 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.

Experience wise Muthoot Finance Area Credit Manager salaries

Last Updated: 5 Jan 2025

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹6.5 L/yr
6 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹5.7 L/yr
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7 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹7.2 L/yr
8 years (AmbitionBox Estimate)	₹3 L/yr - ₹9.6 L/yr
9 years (AmbitionBox Estimate)	₹8.2 L/yr - ₹15.9 L/yr
10 years (AmbitionBox Estimate)	₹10.1 L/yr - ₹10.1 L/yr

View all

Similar Designation salaries in Muthoot Finance

Zonal Credit Manager Salary

(5 salaries)

₹13 L/yr - ₹27 L/yr

Branch Credit Manager Salary

(7 salaries)

₹3 L/yr - ₹5.6 L/yr

Credit Manager Salary

(73 salaries)

₹3 L/yr - ₹7.2 L/yr

Cluster Credit Manager Salary

(AmbitionBox Estimate)

₹16.4 L/yr - ₹20.9 L/yr

Deputy Credit Manager Salary

(3 salaries)

₹5.1 L/yr - ₹5.6 L/yr

Regional Credit Manager Salary

(5 salaries)

₹19.52 L/yr - ₹22.5 L/yr

Assistant Credit Manager Salary

(6 salaries)

₹3.85 L/yr - ₹6 L/yr

Branch Manager Salary

(560 salaries)

₹1.8 L/yr - ₹7.5 L/yr

Sales Manager Salary

(47 salaries)

₹2.5 L/yr - ₹6.5 L/yr

Credit Officer Salary

(8 salaries)

₹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

Sales Manager in Kochi

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

Skill development - Bad

+5 more

Deputy Manager in Rae Bareli

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

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

Promotions - Poor

Branch Manager in New Delhi

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

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.

Job security - Bad

+3 more

Deputy Manager in Bhubaneswar

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

Salary - Bad

+6 more

Branch Manager in Bhubaneswar

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.

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 .

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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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.

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Muthoot Finance Area Credit Manager Salaries

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