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Muthoot Finance Credit Manager salaries in India (Updated 2025)

Annual salary range
0 - 12 years exp.
₹3 Lakhs - ₹7.2 Lakhs
Salary of majority employees
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39% less than the average Credit Manager Salary in NBFC Companies for 0 - 12 years of experience

Interested in this particular role? 2 job openings

Salaries in different departments

BFSI, Investments & Trading
Credit Manager Salary
0 - 12 years exp. (34 salaries)
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₹3.5 L/yr - ₹7.2 L/yr

Finance & Accounting
Credit Manager Salary
0 - 9 years exp. (19 salaries)
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₹3.5 L/yr - ₹6 L/yr

Risk Management & Compliance
Credit Manager Salary
0 - 2 years exp. (3 salaries)
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₹3.5 L/yr - ₹5.1 L/yr

Last Updated: 28 Feb 2025

Companies similar to Muthoot Finance for Credit Manager

Company name Avg Annual Salary Open Jobs
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HDFC Bank Credit Manager Salary

0 - 12 years exp. (2.7k salaries)

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₹3.5 L/yr - ₹14.1 L/yr

arrow icon 78% more
5 job openings
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ICICI Bank Credit Manager Salary

0 - 11 years exp. (3.3k salaries)

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₹4 L/yr - ₹17.5 L/yr

arrow icon 110% more
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Axis Bank Credit Manager Salary

0 - 12 years exp. (818 salaries)

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₹3.5 L/yr - ₹14.8 L/yr

arrow icon 82% more
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Kotak Mahindra Bank Credit Manager Salary

0 - 11 years exp. (1k salaries)

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₹3.7 L/yr - ₹14.5 L/yr

arrow icon 90% more
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Bajaj Finance Credit Manager Salary

1 - 9 years exp. (195 salaries)

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₹2.4 L/yr - ₹9 L/yr

arrow icon 22% more
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Tata Capital Credit Manager Salary

0 - 11 years exp. (436 salaries)

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₹3.5 L/yr - ₹13 L/yr

arrow icon 65% more
6 job openings
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IndusInd Bank Credit Manager Salary

2 - 12 years exp. (231 salaries)

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₹2.9 L/yr - ₹13 L/yr

arrow icon 63% more
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IDFC FIRST Bank Credit Manager Salary

0 - 10 years exp. (676 salaries)

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₹3 L/yr - ₹13 L/yr

arrow icon 64% more
1 job opening
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Yes Bank Credit Manager Salary

0 - 10 years exp. (442 salaries)

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₹4.2 L/yr - ₹14.6 L/yr

arrow icon 80% more
1 job opening
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RBL Bank Credit Manager Salary

2 - 10 years exp. (141 salaries)

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₹2.4 L/yr - ₹11.3 L/yr

arrow icon 36% more
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Credit Manager salary at Muthoot Finance ranges between ₹3 Lakhs to ₹7.2 Lakhs per year for employees with less than 1 year of experience to 12 years. Salary estimates are based on 73 latest salaries received from various employees of Muthoot Finance.

Latest annual salaries shared by Muthoot Finance Credit Manager

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Experience wise Muthoot Finance Credit Manager salaries

Last Updated: 28 Feb 2025

Experience Avg Annual Salary
Fresher  (8 salaries)

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₹3.5 L/yr - ₹4.8 L/yr
1 year  (11 salaries)

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₹3 L/yr - ₹4.9 L/yr
2 years  (6 salaries)

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₹3.5 L/yr - ₹6 L/yr
3 years  (6 salaries)

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₹3.3 L/yr - ₹5.3 L/yr
4 years (AmbitionBox Estimate)

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₹4 L/yr - ₹5.3 L/yr
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Muthoot Finance Credit Manager Salary and Career Growth

From

To

Credit Manager

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0 - 12 years exp.

Regional Operations Manager

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3 - 16 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Muthoot Finance

Credit Officer Salary
(8 salaries)
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₹1.65 L/yr - ₹2.35 L/yr
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₹3.3 L/yr - ₹10.1 L/yr
Branch Manager Salary
(562 salaries)
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₹1.8 L/yr - ₹7 L/yr
Deputy Manager Salary
(83 salaries)
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₹2.8 L/yr - ₹7.5 L/yr
Chief Manager Salary
(11 salaries)
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₹8.65 L/yr - ₹14.25 L/yr
Credit Analyst Salary
(4 salaries)
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₹2.3 L/yr - ₹3.75 L/yr
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₹13 L/yr - ₹27 L/yr
Sales Manager Salary
(42 salaries)
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₹2.5 L/yr - ₹6.5 L/yr
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₹3 L/yr - ₹5.6 L/yr
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₹5.1 L/yr - ₹5.6 L/yr

Top skills at Muthoot Finance for Credit Manager

Credit Underwriting Management Quality Audit MIS Reporting Credit Appraisal Monitoring Compliance Business operations Business Planning Credit Management Sales Underwriting Credit Underwriting Credit Analysis Personal Loans
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Salary related reviews for Muthoot Finance

2.9

Rated by 22 employees for salary & benefits

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

read more
  • Skill development - Bad
  • +5 more

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

read more
  • 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

read more
  • Promotions - Poor

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

read more
  • 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.

read more
  • Job security - Bad
  • +3 more

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

read more
  • Salary - Bad
  • +6 more

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.

read more

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 .

read more
  • Salary - Bad
  • +6 more
see more salary related reviews

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Muthoot Finance Credit Manager Salary FAQs

What is the salary of Credit Manager at Muthoot Finance?
Credit Manager salary at Muthoot Finance in India ranges between ₹3.0 Lakhs to ₹7.2 Lakhs for less than 1 year of experience to 12 years. According to our estimates it is 39% less than the average Credit Manager Salary in India. Salary estimates are based on 73 latest salaries received from various employees of Muthoot Finance India.
How does the salary of a Credit Manager at Muthoot Finance India compare with the average salary range for this job?
The average salary of a Credit Manager at Muthoot Finance is 39% less than the average salary of a Credit Manager in India. To know exact salary insights, login to view.
What are the top skills required to work as a Credit Manager at Muthoot Finance?
Credit Underwriting, Management, Quality Audit, MIS Reporting and Credit Appraisal are some of the popular skills required to work as a Credit Manager at Muthoot Finance India.
Which similar companies are paying more than Muthoot Finance to a Credit Manager in India?
  • ICICI Bank Credit Manager Salary - ₹4.0 Lakhs to ₹17.5 Lakhs per year
  • Kotak Mahindra Bank Credit Manager Salary - ₹3.7 Lakhs to ₹14.5 Lakhs per year
  • Sundaram Finance Credit Manager Salary - ₹4.8 Lakhs to ₹15.0 Lakhs per year
  • Axis Bank Credit Manager Salary - ₹3.5 Lakhs to ₹14.8 Lakhs per year
  • PNB Housing Finance Credit Manager Salary - ₹4.9 Lakhs to ₹12.1 Lakhs per year
What is the salary of a Credit Manager in companies similar to Muthoot Finance in India?
  • Yes Bank Credit Manager Salary - ₹4.2 Lakhs to ₹14.6 Lakhs per year
  • HDFC Bank Credit Manager Salary - ₹3.5 Lakhs to ₹14.1 Lakhs per year
  • L&T Finance Credit Manager Salary - ₹3.2 Lakhs to ₹13.1 Lakhs per year
  • Kotak Mahindra Prime Credit Manager Salary - ₹3.9 Lakhs to ₹12.0 Lakhs per year
  • Tata Capital Credit Manager Salary - ₹3.5 Lakhs to ₹13.0 Lakhs per year
What is the estimated take home salary of a Credit Manager at Muthoot Finance in India?
The estimated take-home salary of a Credit Manager at Muthoot Finance ranges between ₹35,684 per month to ₹36,913 per month in India. The take-home salary calculation is based on the average Muthoot Finance Credit Manager salary in India which ranges between ₹3.0 Lakhs to ₹7.2 Lakhs per year for employees with less than 1 year of experience to 12 years. Check how did we calculate take home salary?
What is the notice period for Credit Manager at Muthoot Finance?
According to AmbitionBox, 43% of the Muthoot Finance Credit Managers reported a notice period of 1 Month, 40% reported a notice period of 3 Months and the remaining reported other notice period durations. This is based on 46 responses on AmbitionBox in last 2 years.

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Muthoot Finance Credit Manager salary in India ranges between ₹3 Lakhs to ₹7.2 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 73 Muthoot Finance latest salaries received from various employees of Muthoot Finance.

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