Muthoot Finance Credit Manager Salaries by 70+ Employees (Updated 2025)

0 - 12 years exp.

₹3 Lakhs - ₹7.2 Lakhs

Salary of majority employees

36% less than the average Credit Manager Salary in NBFC Companies for 0 - 12 years of experience

Interested in this particular role? 4 job openings

Salaries in different departments

BFSI, Investments & Trading Credit Manager Salary 0 - 12 years exp. (34 salaries)	₹3.5 L/yr - ₹7.2 L/yr
Finance & Accounting Credit Manager Salary 0 - 9 years exp. (19 salaries)	₹3.5 L/yr - ₹6 L/yr
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Risk Management & Compliance Credit Manager Salary 0 - 2 years exp. (3 salaries)	₹3.5 L/yr - ₹5.8 L/yr

Last Updated: 28 Feb 2025

Companies similar to Muthoot Finance for Credit Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Credit Manager Salary 0 - 12 years exp. (2.7k salaries)	₹3.5 L/yr - ₹14.3 L/yr 71% more	6 job openings
ICICI Bank Credit Manager Salary 0 - 11 years exp. (3.3k salaries)	₹4 L/yr - ₹17.1 L/yr 101% more
Login to view exact salary
Axis Bank Credit Manager Salary 0 - 12 years exp. (823 salaries)	₹4 L/yr - ₹14.8 L/yr 75% more
Kotak Mahindra Bank Credit Manager Salary 0 - 11 years exp. (1k salaries)	₹4 L/yr - ₹14.5 L/yr 82% more
Bajaj Finance Credit Manager Salary 1 - 9 years exp. (194 salaries)	₹2.4 L/yr - ₹9 L/yr 18% more
Tata Capital Credit Manager Salary 0 - 11 years exp. (436 salaries)	₹4 L/yr - ₹13 L/yr 58% more	4 job openings
IndusInd Bank Credit Manager Salary 2 - 12 years exp. (228 salaries)	₹3.4 L/yr - ₹12.8 L/yr 56% more
IDFC FIRST Bank Credit Manager Salary 0 - 10 years exp. (818 salaries)	₹3 L/yr - ₹13 L/yr 57% more	1 job opening
Yes Bank Credit Manager Salary 0 - 10 years exp. (442 salaries)	₹4.2 L/yr - ₹14.6 L/yr 73% more	1 job opening
RBL Bank Credit Manager Salary 2 - 10 years exp. (141 salaries)	₹2.4 L/yr - ₹11.3 L/yr 31% more

View all

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.

Experience wise Muthoot Finance Credit Manager salaries

Last Updated: 28 Feb 2025

Experience	Avg Annual Salary
Fresher (8 salaries)	₹3.5 L/yr - ₹4.8 L/yr
1 year (11 salaries)	₹3 L/yr - ₹4.9 L/yr
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2 years (6 salaries)	₹3.5 L/yr - ₹6 L/yr
3 years (6 salaries)	₹3.3 L/yr - ₹5.3 L/yr
4 years (AmbitionBox Estimate)	₹4 L/yr - ₹5.3 L/yr
5 years (5 salaries)	₹3.8 L/yr - ₹6 L/yr
6 years (6 salaries)	₹4.9 L/yr - ₹6 L/yr
7 years (9 salaries)	₹3.5 L/yr - ₹6 L/yr
8 years (6 salaries)	₹4.3 L/yr - ₹6 L/yr
9 years (5 salaries)	₹4.5 L/yr - ₹6.3 L/yr
10 years (3 salaries)	₹4.5 L/yr - ₹5.5 L/yr
11 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹7 L/yr
12 years (4 salaries)	₹5.1 L/yr - ₹7.2 L/yr

View all

From

Credit Manager

0 - 12 years exp.

Regional Operations Manager

₹

Lakhs/yr

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)

₹1.65 L/yr - ₹2.35 L/yr

Area Credit Manager Salary

(4 salaries)

₹3.3 L/yr - ₹10.1 L/yr

Branch Manager Salary

(560 salaries)

₹1.8 L/yr - ₹7 L/yr

Deputy Manager Salary

(83 salaries)

₹3 L/yr - ₹9.08 L/yr

Chief Manager Salary

(11 salaries)

₹8.65 L/yr - ₹14.25 L/yr

Credit Analyst Salary

(4 salaries)

₹2.3 L/yr - ₹3.75 L/yr

Zonal Credit Manager Salary

(5 salaries)

₹13 L/yr - ₹27 L/yr

Sales Manager Salary

(42 salaries)

₹2.5 L/yr - ₹6.5 L/yr

Branch Credit Manager Salary

(7 salaries)

₹3 L/yr - ₹5.6 L/yr

Deputy Credit Manager Salary

(3 salaries)

₹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

Salary related reviews for Muthoot Finance

2.9

Rated by 22 employees for salary & benefits

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

see more salary related reviews

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Salary Discussions, Hike & Promotions

a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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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 36% 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 36% 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 ₹17.1 Lakhs per year
Kotak Mahindra Bank Credit Manager Salary - ₹4.0 Lakhs to ₹14.5 Lakhs per year
Axis Bank Credit Manager Salary - ₹4.0 Lakhs to ₹14.8 Lakhs per year
Sundaram Finance Credit Manager Salary - ₹4.8 Lakhs to ₹15.0 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 ₹14.3 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 Housing Finance Credit Manager Salary - ₹3.0 Lakhs to ₹13.5 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 ₹37,275 per month to ₹38,480 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 Salaries

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