Muthoot Finance Credit Associate Salaries by 5 Employees

3 - 5 years exp.

₹2.9 Lakhs - ₹3.1 Lakhs

Low Confidence

Salary of majority employees

33% less than the average Credit Associate Salary in NBFC Companies for 3 - 5 years of experience

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Salaries in different departments

BFSI, Investments & Trading Credit Associate Salary 3 - 5 years exp. (4 salaries)	₹3 L/yr - ₹3.1 L/yr
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Finance & Accounting Credit Associate Salary 5 years exp. (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.1 L/yr

Last Updated: 12 Mar 2023

Companies similar to Muthoot Finance for Credit Associate

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Credit Associate Salary 3 - 8 years exp. (4 salaries)	₹1.2 L/yr - ₹5 L/yr 22% less
ICICI Bank Credit Associate Salary 2 - 6 years exp. (5 salaries)	₹2 L/yr - ₹2.5 L/yr 18% less
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Axis Bank Credit Associate Salary 1 - 3 years exp. (6 salaries)	₹1.9 L/yr - ₹4 L/yr 6% less
Kotak Mahindra Bank Credit Associate Salary 0 - 5 years exp. (57 salaries)	₹1.8 L/yr - ₹3.5 L/yr 13% less
Tata Capital Credit Associate Salary 2 - 5 years exp. (4 salaries)	₹2 L/yr - ₹2.5 L/yr 24% less
Aditya Birla Finance Credit Associate Salary 3 - 5 years exp. (3 salaries)	₹3 L/yr - ₹3.5 L/yr 11% more
Mahindra Rural Housing Finance Credit Associate Salary 0 - 5 years exp. (75 salaries)	₹1.3 L/yr - ₹2.4 L/yr 39% less
Kotak Mahindra Prime Credit Associate Salary 2 - 4 years exp. (8 salaries)	₹1.9 L/yr - ₹4.5 L/yr 3% more
IIFL Finance Credit Associate Salary 1 - 4 years exp. (5 salaries)	₹2 L/yr - ₹3 L/yr 16% less
SMFG India Credit Credit Associate Salary 2 - 4 years exp. (5 salaries)	₹2.2 L/yr - ₹4 L/yr 9% less
PNB Housing Finance Credit Associate Salary 1 - 8 years exp. (4 salaries)	₹2.7 L/yr - ₹4 L/yr 13% more
Login to view exact salary
Mahindra Finance Credit Associate Salary 2 - 4 years exp. (4 salaries)	₹1.1 L/yr - ₹1.9 L/yr 44% less

Credit Associate salary at Muthoot Finance ranges between ₹2.9 Lakhs to ₹3.1 Lakhs per year for employees with experience between 3 years to 5 years. Salary estimates are based on 5 latest salaries received from various employees of Muthoot Finance.

Experience wise Muthoot Finance Credit Associate salaries

Last Updated: 12 Mar 2023

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.1 L/yr
4 years (AmbitionBox Estimate)	₹3 L/yr - ₹5.4 L/yr
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5 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3 L/yr

Similar Designation salaries in Muthoot Finance

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₹2.5 L/yr - ₹8 L/yr

Top skills at Muthoot Finance for Credit Associate

Loans Legal Servicing Customer Interaction Ratio Analysis Financial Analysis CAM Technical Sales Sales Cash Flow housing loan Management Auditing Customer Management Customer Service Management

Salary related reviews for Muthoot Finance

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

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

Account Assistant in Alibag

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 20 Dec 2023

1.0

for Salary and Benefits

Likes

Salary is credited on time.

Dislikes

They do more work in less salary. Work time is too much. In that too, sometimes they stop for more time and work. They work on Sundays as well. Salary does not increase even after working for 8 years. Older employees give more pressure and harass them

Salary - Bad

+6 more

Finance Executive in Tirunelveli

Finance & Accounting Department

5.0

• posted on 08 May 2021

5.0

for Salary and Benefits

Likes

...ansparent and friendly. Company policies are good.work with an comfortable zone.appraisals are fair and they provide good salary hike and bonus every year.

Salary - Excellent

+6 more

Dislikes

No dislike and no issues for this company

Accountant in Mumbai

Finance & Accounting Department

5.0

• posted on 21 Nov 2019

4.0

for Salary and Benefits

Likes

The company take cares of their employees these is the best thingh of these company whenever you do a business for the company it does not keeps the whole profit with them they share a certaiin part of it to those employees whose involvement is there to make that business sucessfull so these is the best thingh that i like about muthoot finance that they does not only think of their profit or pockets they also do take care of their employees to

Salary - Good

+4 more

Dislikes

...recovery and the worst thingh is that if i fail to punch after 9 am if also 9.1. Has became my half day salary will be deducted these is the worst thingh which almost all employees does not likes

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Help me choose New Regime or Old Regime for my salary revision

Hi I am working as a full stack Architect (14 yeo) and Following is my CTC. Please help me calculate in hand salary and choose New or OLD regime. I have been doing Old regime till last year with a salary of 48 CTC. Now post revision it increased to 56L CTC effective March 1st. My PF alone will cover 80C Also have additional 50000 contribution in NPS My HRA is around 25K per month (300000) Health insurance for family 28000 Mom's medical expense 30000 (No personal (Have medical complications) or corporate insurance unfortunately) I have a home loan however its under construction, so not eligible yet for tax benefits

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Muthoot Finance Credit Associate Salary FAQs

What is the salary of Credit Associate at Muthoot Finance ?

The average salary of a Credit Associate at Muthoot Finance in India typically ranges from ₹2.9 Lakhs to ₹3.1 Lakhs per year, depending on experience (from 3 years to 5 years).

The top 10% of Credit Associate at Muthoot Finance earn more than ₹3.1 Lakhs per year, and the top 1% earn over ₹3.1 Lakhs per year. Credit Associate 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 5 Muthoot Finance employees in India.

What is the estimated take home salary of a Credit Associate at Muthoot Finance in India?

The estimated take-home salary of a Credit Associate at Muthoot Finance in India typically ranges from ₹21,468 to ₹23,110 per month. This is based on the average salary range of ₹2.9 Lakhs to ₹3.1 Lakhs per year for employees with experience ranging from 3 years to 5 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 5 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 Credit Associate at Muthoot Finance ?

To be a Credit Associate at Muthoot Finance in india, the key skills required include:

- Loans
- Legal
- Servicing
- Customer Interaction
- Ratio Analysis

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 Credit Associate in India?

PNB Housing Finance	₹2.7 Lakhs to ₹4.0 Lakhs per year
Aditya Birla Finance	₹3.0 Lakhs to ₹3.5 Lakhs per year
Kotak Mahindra Prime	₹1.9 Lakhs to ₹4.5 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 Credit Associate in companies similar to Muthoot Finance in India?

The salary of a Credit Associate at companies similar to Muthoot Finance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Axis Bank	₹1.9 Lakhs to ₹4.0 Lakhs per year
SMFG India Credit	₹2.2 Lakhs to ₹4.0 Lakhs per year
Kotak Mahindra Bank	₹1.8 Lakhs to ₹3.5 Lakhs per year
IIFL Finance	₹2.0 Lakhs to ₹3.0 Lakhs per year
ICICI Bank	₹2.0 Lakhs to ₹2.5 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 Credit Associate at Muthoot Finance in India?

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

Experience	Average Salary Range
3 years	₹3.0 Lakhs to ₹3.1 Lakhs per year
4 years	₹3.0 Lakhs to ₹5.4 Lakhs per year
5 years	₹2.9 Lakhs to ₹3.0 Lakhs per year

and so on.

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Muthoot Finance Credit Associate Salaries by Location

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Muthoot Finance Credit Associate Salaries

Muthoot Finance Credit Associate salary in India ranges between ₹2.9 Lakhs to ₹3.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Muthoot Finance latest salaries received from various employees of Muthoot Finance.

Muthoot Finance Credit Associate salaries in India

Companies similar to Muthoot Finance for Credit Associate

Latest annual salaries shared by Muthoot Finance Credit Associate

Experience wise Muthoot Finance Credit Associate salaries

Similar Designation salaries in Muthoot Finance

Top skills at Muthoot Finance for Credit Associate

Salary related reviews for Muthoot Finance

Deputy Manager in Rae Bareli

Deputy Manager in Bhubaneswar

Account Assistant in Alibag

Finance Executive in Tirunelveli

Accountant in Mumbai

Muthoot Finance Credit Associate Salary FAQs

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Muthoot Finance Credit Associate Salaries by Location