Muthoot Finance Cluster Credit Manager Salaries by 2 Employees (Updated 2025)

10 - 15 years exp.

₹16.4 Lakhs - ₹21 Lakhs

Low Confidence

Avg. annual salary (AmbitionBox Estimate)

Monthly In-hand Salary

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Last Updated: 9 Feb 2025

Companies similar to Muthoot Finance for Cluster Credit Manager

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SMFG India Credit Cluster Credit Manager Salary 7 - 15 years exp. (56 salaries)	₹4.6 L/yr - ₹18.5 L/yr 43% less
HDB Financial Services Cluster Credit Manager Salary 13 - 20 years exp. (40 salaries)	₹11.9 L/yr - ₹24 L/yr 1% more
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Bajaj Finance Cluster Credit Manager Salary 4 - 18 years exp. (19 salaries)	₹12.3 L/yr - ₹23 L/yr 8% less
Capri Global Capital Cluster Credit Manager Salary 5 - 16 years exp. (17 salaries)	₹12.5 L/yr - ₹16.7 L/yr 24% less
Manappuram Finance Cluster Credit Manager Salary 6 - 14 years exp. (8 salaries)	₹5 L/yr - ₹7.9 L/yr 66% less
SK Finance Limited Cluster Credit Manager Salary 9 - 16 years exp. (7 salaries)	₹8.4 L/yr - ₹11.5 L/yr 48% less
Mahindra Finance Cluster Credit Manager Salary 8 - 10 years exp. (6 salaries)	₹4.8 L/yr - ₹14 L/yr 53% less
Kotak Mahindra Prime Cluster Credit Manager Salary 6 - 14 years exp. (5 salaries)	₹7 L/yr - ₹16 L/yr 37% less
IIFL Finance Cluster Credit Manager Salary 4 - 12 years exp. (4 salaries)	₹6 L/yr - ₹8.2 L/yr 63% less
Satin Creditcare Network Cluster Credit Manager Salary 5 - 9 years exp. (4 salaries)	₹5 L/yr - ₹9 L/yr 64% less
Bharat Financial Inclusion Cluster Credit Manager Salary 5 - 6 years exp. (3 salaries)	₹4.3 L/yr - ₹7.9 L/yr 74% less
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Asirvad Microfinance Cluster Credit Manager Salary 15 - 16 years exp. (3 salaries)	₹10 L/yr - ₹14.5 L/yr 35% less

Cluster Credit Manager salary at Muthoot Finance ranges between ₹16.4 Lakhs to ₹21 Lakhs per year for employees with experience between 10 years to 15 years. Salary estimates are based on 2 latest salaries received from various employees of Muthoot Finance.

Similar Designation salaries in Muthoot Finance

Area Credit Manager Salary

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₹3.3 L/yr - ₹10.1 L/yr

Deputy Credit Manager Salary

(3 salaries)

₹5.1 L/yr - ₹5.6 L/yr

Branch Credit Manager Salary

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₹3 L/yr - ₹5.6 L/yr

Zonal Credit Manager Salary

(5 salaries)

₹13 L/yr - ₹27 L/yr

Assistant Credit Manager Salary

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₹3.85 L/yr - ₹6 L/yr

Regional Credit Manager Salary

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₹19.52 L/yr - ₹22.5 L/yr

Credit Manager Salary

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₹3 L/yr - ₹7.2 L/yr

Senior Credit Officer Salary

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₹2.3 L/yr - ₹2.9 L/yr

Relationship Manager Salary

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₹2.2 L/yr - ₹3.7 L/yr

Chief Manager Salary

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₹8.65 L/yr - ₹14.25 L/yr

Top skills at Muthoot Finance for Cluster Credit Manager

Credit Appraisal Team Handling Credit Analysis Medical Underwriting Credit Management

Salary related reviews for Muthoot Finance

Sales Manager in Kochi

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2.0

• posted on 21 Jan 2025

3.0

for Salary and Benefits

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There no need to wear formals like banks .

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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

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Deputy Manager in Rae Bareli

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

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

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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

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1.0

• posted on 19 Jul 2024

1.0

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Salary always credited in right time

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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

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Branch Manager in Bhubaneswar

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• posted on 31 May 2023

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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

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Muthoot Finance Cluster Credit Manager Salary FAQs

How the salary growth look like for a Cluster Credit Manager at Muthoot Finance in India?

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

Experience	Average Salary Range
10 years	₹16.2 Lakhs to ₹20.7 Lakhs per year
15 years	₹16.7 Lakhs to ₹21.3 Lakhs per year

and so on.

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Muthoot Finance Cluster Credit Manager Salaries

Muthoot Finance Cluster Credit Manager salary in India ranges between ₹16.4 Lakhs to ₹21 Lakhs. This is an estimate based on latest salaries received from employees of Muthoot Finance.