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

10 - 15 years exp.

₹16.4 Lakhs - ₹21 Lakhs

Low Confidence

Salary of majority employees

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Last Updated: 1 Nov 2024

Companies similar to Muthoot Finance for Cluster Credit Manager

Company name	Avg Annual Salary	Open Jobs
Manappuram Finance Cluster Credit Manager Salary 6 - 14 years exp. (8 salaries)	₹5 L/yr - ₹7.9 L/yr 66% less
Bajaj Finance Cluster Credit Manager Salary 4 - 18 years exp. (17 salaries)	₹12.3 L/yr - ₹19.8 L/yr 14% less
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HDFC Bank Cluster Credit Manager Salary 1 - 7 years exp. (5 salaries)	₹3.6 L/yr - ₹9.8 L/yr 65% less
Axis Bank Cluster Credit Manager Salary 4 - 15 years exp. (4 salaries)	₹2.3 L/yr - ₹12 L/yr 62% less
Kotak Mahindra Bank Cluster Credit Manager Salary 2 - 13 years exp. (4 salaries)	₹7 L/yr - ₹13.5 L/yr 44% less
Tata Capital Cluster Credit Manager Salary 4 - 21 years exp. (6 salaries)	₹10.7 L/yr - ₹17 L/yr 24% less
IDFC FIRST Bharat Cluster Credit Manager Salary 6 - 15 years exp. (86 salaries)	₹5.4 L/yr - ₹11.7 L/yr 51% less
SMFG India Credit Cluster Credit Manager Salary 7 - 13 years exp. (55 salaries)	₹4.6 L/yr - ₹18.5 L/yr 42% less
HDB Financial Services Cluster Credit Manager Salary 13 - 20 years exp. (40 salaries)	₹11.9 L/yr - ₹24 L/yr At par
Capri Global Capital Cluster Credit Manager Salary 5 - 16 years exp. (17 salaries)	₹12.5 L/yr - ₹16.7 L/yr 24% less
Muthoot Fincorp Cluster Credit Manager Salary 14 - 15 years exp. (AmbitionBox Estimate)	₹10.3 L/yr - ₹13.1 L/yr 37% less
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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

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

(6 salaries)

₹3 L/yr - ₹5.5 L/yr

Zonal Credit Manager Salary

(5 salaries)

₹13 L/yr - ₹27 L/yr

Assistant Credit Manager Salary

(4 salaries)

₹4.16 L/yr - ₹5 L/yr

Regional Credit Manager Salary

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₹11.5 L/yr - ₹22.5 L/yr

Credit Manager Salary

(74 salaries)

₹3 L/yr - ₹7.2 L/yr

Senior Credit Officer Salary

(AmbitionBox Estimate)

₹2.3 L/yr - ₹2.9 L/yr

Relationship Manager Salary

(29 salaries)

₹2 L/yr - ₹3.5 L/yr

Chief Manager Salary

(11 salaries)

₹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

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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

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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

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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

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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

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Deputy Manager in Bhubaneswar

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• posted on 19 Jul 2024

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Salary always credited in right time

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Branch Manager in Bhubaneswar

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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

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New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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Muthoot Finance Cluster Credit Manager Salary FAQs

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

According to AmbitionBox, 100% of the Muthoot Finance Cluster Credit Managers reported a notice period of 1 Month.This is based on 1 response on AmbitionBox in last 2 years.

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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.