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? 32 job openings

Salaries in different departments

BFSI, Investments & Trading Credit Manager Salary 0 - 12 years exp. (32 salaries)	₹3.5 L/yr - ₹7.2 L/yr
Finance & Accounting Credit Manager Salary 0 - 9 years exp. (21 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 - ₹5.9 L/yr

Last Updated: 19 Mar 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 70% more	2 job openings
ICICI Bank Credit Manager Salary 0 - 11 years exp. (3.2k salaries)	₹4.3 L/yr - ₹18 L/yr 99% more
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Axis Bank Credit Manager Salary 0 - 12 years exp. (822 salaries)	₹4 L/yr - ₹14.8 L/yr 74% more
Kotak Mahindra Bank Credit Manager Salary 0 - 11 years exp. (1k salaries)	₹3.8 L/yr - ₹15 L/yr 81% more
Bajaj Finance Credit Manager Salary 1 - 9 years exp. (395 salaries)	₹2 L/yr - ₹9 L/yr 20% more	4 job openings
Tata Capital Credit Manager Salary 0 - 11 years exp. (448 salaries)	₹3.7 L/yr - ₹12.5 L/yr 59% more	6 job openings
IndusInd Bank Credit Manager Salary 2 - 12 years exp. (233 salaries)	₹2.9 L/yr - ₹13 L/yr 53% more	1 job opening
IDFC FIRST Bank Credit Manager Salary 0 - 10 years exp. (822 salaries)	₹3 L/yr - ₹13.5 L/yr 55% more
Yes Bank Credit Manager Salary 0 - 12 years exp. (416 salaries)	₹4.2 L/yr - ₹14.3 L/yr 77% more	1 job opening
RBL Bank Credit Manager Salary 1 - 10 years exp. (135 salaries)	₹2.4 L/yr - ₹11.4 L/yr 35% 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: 19 Mar 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)	₹1.9 L/yr - ₹5.3 L/yr
5 years (5 salaries)	₹3.8 L/yr - ₹6 L/yr
6 years (7 salaries)	₹4.8 L/yr - ₹6 L/yr
7 years (8 salaries)	₹3.5 L/yr - ₹6 L/yr
8 years (7 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 - ₹10 L/yr
11 years (AmbitionBox Estimate)	₹2.3 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

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

(593 salaries)

₹1.8 L/yr - ₹7.5 L/yr

Deputy Manager Salary

(87 salaries)

₹2.8 L/yr - ₹8.9 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

(45 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

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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 Manager Salary FAQs

What is the salary of Credit Manager at Muthoot Finance ?

The average salary of a Credit Manager at Muthoot Finance in India typically ranges from ₹3.0 Lakhs to ₹7.2 Lakhs per year, depending on experience (from Fresher to 12 years).

The top 10% of Credit Manager at Muthoot Finance earn more than ₹6.0 Lakhs per year, and the top 1% earn over ₹7.2 Lakhs per year. Credit Manager 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 70+ Muthoot Finance employees in India.

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 in India typically ranges from ₹37,808 to ₹39,006 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹7.2 Lakhs per year for employees with experience ranging from Fresher to 12 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 70+ 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 Manager at Muthoot Finance ?

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

- Credit Underwriting
- Management
- Quality Audit
- MIS Reporting
- Credit Appraisal

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 Manager in India?

ICICI Bank	₹4.3 Lakhs to ₹18.0 Lakhs per year
Kotak Mahindra Bank	₹3.8 Lakhs to ₹15.0 Lakhs per year
Sundaram Finance	₹4.8 Lakhs to ₹15.0 Lakhs per year
Yes Bank	₹4.2 Lakhs to ₹14.3 Lakhs per year
PNB Housing Finance	₹4.9 Lakhs to ₹12.1 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 Manager in companies similar to Muthoot Finance in India?

The salary of a Credit Manager 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	₹4.0 Lakhs to ₹14.8 Lakhs per year
HDFC Bank	₹3.5 Lakhs to ₹14.3 Lakhs per year
Kotak Mahindra Prime	₹3.9 Lakhs to ₹12.0 Lakhs per year
L&T Finance	₹3.6 Lakhs to ₹14.0 Lakhs per year
Tata Capital Housing Finance	₹4.0 Lakhs to ₹13.3 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 Manager at Muthoot Finance in India?

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

Experience	Average Salary Range
Fresher	₹3.5 Lakhs to ₹4.8 Lakhs per year
1 year	₹3.0 Lakhs to ₹4.9 Lakhs per year
2 years	₹3.5 Lakhs to ₹6.0 Lakhs per year
3 years	₹3.3 Lakhs to ₹5.3 Lakhs per year

and so on.

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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.