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

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42% 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)	Unlock ₹8.2 L/yr - ₹10.1 L/yr
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Finance & Accounting Area Credit Manager Salary 5 - 8 years exp. (AmbitionBox Estimate)	Unlock ₹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
Shriram Finance Area Credit Manager Salary 5 - 13 years exp. (21 salaries)	Unlock ₹9.5 L/yr - ₹21 L/yr 111% more
Bajaj Finance Area Credit Manager Salary 3 - 12 years exp. (86 salaries)	Unlock ₹4.4 L/yr - ₹16.7 L/yr 38% more
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HDFC Bank Area Credit Manager Salary 5 - 18 years exp. (228 salaries)	Unlock ₹8.5 L/yr - ₹30 L/yr 165% more
LIC Housing Finance Area Credit Manager Salary 4 - 20 years exp. (4 salaries)	Unlock ₹8.5 L/yr - ₹20 L/yr 122% more
ICICI Bank Area Credit Manager Salary 2 - 14 years exp. (426 salaries)	Unlock ₹5.4 L/yr - ₹21.7 L/yr 84% more
Axis Bank Area Credit Manager Salary 6 - 14 years exp. (296 salaries)	Unlock ₹6.5 L/yr - ₹22.8 L/yr 114% more
Kotak Mahindra Bank Area Credit Manager Salary 5 - 14 years exp. (88 salaries)	Unlock ₹6.5 L/yr - ₹24.5 L/yr 119% more
Tata Capital Area Credit Manager Salary 1 - 14 years exp. (142 salaries)	Unlock ₹8 L/yr - ₹27.4 L/yr 147% more	6 job openings
Aditya Birla Finance Area Credit Manager Salary 6 - 15 years exp. (113 salaries)	Unlock ₹8.1 L/yr - ₹21.5 L/yr 114% more
HDB Financial Services Area Credit Manager Salary 5 - 18 years exp. (225 salaries)	Unlock ₹6.1 L/yr - ₹17.5 L/yr 60% more
Poonawalla Fincorp Area Credit Manager Salary 2 - 13 years exp. (224 salaries)	Unlock ₹4.7 L/yr - ₹19.5 L/yr 64% more
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L&T Finance Area Credit Manager Salary 4 - 13 years exp. (130 salaries)	Unlock ₹6 L/yr - ₹20 L/yr 94% more
Aavas Financiers Area Credit Manager Salary 4 - 16 years exp. (84 salaries)	Unlock ₹5 L/yr - ₹14 L/yr 39% more	1 job opening
PNB Housing Finance Area Credit Manager Salary 5 - 10 years exp. (51 salaries)	Unlock ₹9 L/yr - ₹22 L/yr 125% more
Sammaan Capital Limited Area Credit Manager Salary 4 - 15 years exp. (48 salaries)	Unlock ₹5.9 L/yr - ₹14.1 L/yr 46% more
SMFG India Credit Area Credit Manager Salary 5 - 14 years exp. (41 salaries)	Unlock ₹6 L/yr - ₹23.7 L/yr 107% more
Mahindra Rural Housing Finance Area Credit Manager Salary 6 - 18 years exp. (38 salaries)	Unlock ₹5.6 L/yr - ₹14.8 L/yr 33% more
IIFL Finance Area Credit Manager Salary 3 - 11 years exp. (32 salaries)	Unlock ₹5.2 L/yr - ₹19.2 L/yr 55% more
Capri Global Capital Area Credit Manager Salary 5 - 15 years exp. (28 salaries)	Unlock ₹7.5 L/yr - ₹12 L/yr 39% more
SK Finance Limited Area Credit Manager Salary 6 - 13 years exp. (25 salaries)	Unlock ₹4.8 L/yr - ₹9 L/yr 7% more

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

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₹3 L/yr - ₹5.6 L/yr

Credit Manager Salary

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₹3 L/yr - ₹7.2 L/yr

Cluster Credit Manager Salary

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₹16.4 L/yr - ₹20.9 L/yr

Deputy Credit Manager Salary

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₹5.1 L/yr - ₹5.6 L/yr

Regional Credit Manager Salary

(5 salaries)

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₹19.52 L/yr - ₹22.5 L/yr

Assistant Credit Manager Salary

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₹4.15 L/yr - ₹5 L/yr

Branch Manager Salary

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₹1.8 L/yr - ₹7.5 L/yr

Sales Manager Salary

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₹2.5 L/yr - ₹6.5 L/yr

Credit Officer Salary

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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

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

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Salary Discussions, Hike & Promotions

2w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in... read more

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Muthoot Finance Area Credit Manager Salary FAQs

What is the salary of Area Credit Manager at Muthoot Finance?

Area Credit Manager salary at Muthoot Finance in India ranges between ₹3.3 Lakhs to ₹10.1 Lakhs for experience between 5 years to 10 years. According to our estimates it is 42% less than the average Area Credit Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Muthoot Finance India.

How does the salary of a Area Credit Manager at Muthoot Finance India compare with the average salary range for this job?

The average salary of a Area Credit Manager at Muthoot Finance is 42% less than the average salary of a Area Credit Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Area Credit Manager at Muthoot Finance?

Management, Quality Audit, MIS Reporting, Credit Underwriting and Loans are some of the popular skills required to work as a Area Credit Manager at Muthoot Finance India.

Which similar companies are paying more than Muthoot Finance to a Area Credit Manager in India?

HDFC Bank Area Credit Manager Salary - ₹8.5 Lakhs to ₹30.0 Lakhs per year
Tata Capital Area Credit Manager Salary - ₹8.0 Lakhs to ₹27.4 Lakhs per year
Tata Capital Housing Finance Area Credit Manager Salary - ₹11.0 Lakhs to ₹20.7 Lakhs per year
PNB Housing Finance Area Credit Manager Salary - ₹9.0 Lakhs to ₹22.0 Lakhs per year
LIC Housing Finance Area Credit Manager Salary - ₹8.5 Lakhs to ₹20.0 Lakhs per year

What is the salary of a Area Credit Manager in companies similar to Muthoot Finance in India?

Kotak Mahindra Bank Area Credit Manager Salary - ₹6.5 Lakhs to ₹24.5 Lakhs per year
Axis Bank Area Credit Manager Salary - ₹6.5 Lakhs to ₹22.8 Lakhs per year
Aditya Birla Finance Area Credit Manager Salary - ₹8.1 Lakhs to ₹21.5 Lakhs per year
Shriram Finance Area Credit Manager Salary - ₹9.5 Lakhs to ₹21.0 Lakhs per year
SMFG India Credit Area Credit Manager Salary - ₹6.0 Lakhs to ₹23.7 Lakhs per year

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 ranges between ₹52,610 per month to ₹53,849 per month in India. The take-home salary calculation is based on the average Muthoot Finance Area Credit Manager salary in India which ranges between ₹3.3 Lakhs to ₹10.1 Lakhs per year for employees with experience between 5 years to 10 years. Check how did we calculate take home salary?

What is the notice period for Area Credit Manager at Muthoot Finance?

According to AmbitionBox, 50% of the Muthoot Finance Area Credit Managers reported a notice period of 1 Month, 50% reported a notice period of 2 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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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.