Muthoot Finance Bangalore / Bengaluru Credit Manager Salaries by 20+ Employees (Updated 2025)

0 - 12 years exp.

₹3 Lakhs - ₹6 Lakhs

Avg. annual salary

Monthly In-hand Salary

44% less than the average Credit Manager Salary in NBFC Companies for 0 - 12 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

Finance & Accounting Credit Manager Salary 0 - 6 years exp. (9 salaries)	₹3.8 L/yr - ₹5.9 L/yr
BFSI, Investments & Trading Credit Manager Salary 1 - 11 years exp. (AmbitionBox Estimate)	₹4 L/yr - ₹6 L/yr
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Risk Management & Compliance Credit Manager Salary 0 - 1 year exp. (AmbitionBox Estimate)	₹3.8 L/yr - ₹5.2 L/yr

Last Updated: 5 Jan 2025

Companies similar to Muthoot Finance for Credit Manager in Bangalore / Bengaluru

Muthoot Finance Credit Manager Salary

0 - 12 years exp. (21 salaries)

₹3 L/yr - ₹6 L/yr

Company name	Avg Annual Salary	Open Jobs
SMFG India Credit Credit Manager Salary 1 - 11 years exp. (39 salaries)	₹2.9 L/yr - ₹11.3 L/yr 41% more
HDB Financial Services Credit Manager Salary 1 - 9 years exp. (21 salaries)	₹2.2 L/yr - ₹7.1 L/yr 5% more	1 job opening
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Tata Capital Housing Finance Credit Manager Salary 3 - 12 years exp. (18 salaries)	₹5.3 L/yr - ₹12 L/yr 87% more
IIFL Finance Credit Manager Salary 0 - 7 years exp. (12 salaries)	₹3 L/yr - ₹6 L/yr 27% more
Aavas Financiers Credit Manager Salary 1 - 6 years exp. (8 salaries)	₹3.2 L/yr - ₹6.8 L/yr 28% more	5 job openings
TVS Credit Credit Manager Salary 5 - 12 years exp. (6 salaries)	₹4.5 L/yr - ₹8 L/yr 50% more
L&T Finance Credit Manager Salary 5 - 10 years exp. (6 salaries)	₹6 L/yr - ₹10 L/yr 78% more
Kotak Mahindra Prime Credit Manager Salary 0 - 5 years exp. (5 salaries)	₹6.5 L/yr - ₹9 L/yr 74% more
Sammaan Capital Limited Credit Manager Salary 2 - 7 years exp. (5 salaries)	₹3.5 L/yr - ₹6 L/yr 4% more
Poonawalla Fincorp Credit Manager Salary 2 - 9 years exp. (5 salaries)	₹5 L/yr - ₹10.1 L/yr 75% more
Mahindra Finance Credit Manager Salary 6 - 12 years exp. (4 salaries)	₹4.5 L/yr - ₹9.5 L/yr 60% more
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Shriram Finance Credit Manager Salary 0 - 6 years exp. (4 salaries)	₹4.4 L/yr - ₹8 L/yr 21% more	2 job openings
Muthoot Fincorp Credit Manager Salary 1 - 6 years exp. (3 salaries)	₹3.8 L/yr - ₹7.1 L/yr 10% more	1 job opening

Credit Manager salary at Muthoot Finance ranges between ₹3 Lakhs to ₹6 Lakhs per year for employees with less than 1 year of experience to 12 years. Salary estimates are based on 21 latest salaries received from various employees of Muthoot Finance.

Latest annual salaries shared by Muthoot Finance Credit Manager in Bangalore / Bengaluru

3mo ago

₹5.9 Lakhs

6 years exp.

3mo ago

₹4.9 Lakhs

1 year exp.

3mo ago

₹3.3 Lakhs

3 years exp.

6mo ago

₹5.9 Lakhs

5 years exp.

6mo ago

₹4.7 Lakhs

1 year exp.

7mo ago

1 year exp.

8mo ago

1 year exp.

8mo ago

1 year exp.

10mo ago

4 years exp.

10mo ago

1 year exp.

Experience wise Muthoot Finance Credit Manager salaries in Bangalore / Bengaluru

Last Updated: 5 Jan 2025

Experience	Avg Annual Salary
Fresher (5 salaries)	₹3.8 L/yr - ₹4.8 L/yr
1 year (8 salaries)	₹3 L/yr - ₹4.9 L/yr
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2 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.8 L/yr
3 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.9 L/yr
4 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹5 L/yr
5 years (AmbitionBox Estimate)	₹4 L/yr - ₹5.2 L/yr
6 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.3 L/yr
7 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.4 L/yr
8 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.5 L/yr
9 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹5.6 L/yr
10 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.8 L/yr
11 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹5.9 L/yr
12 years (AmbitionBox Estimate)	₹4.7 L/yr - ₹6 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

Branch Manager Salary

(83 salaries)

₹2.5 L/yr - ₹7 L/yr

Deputy Manager Salary

(6 salaries)

₹5 L/yr - ₹6.2 L/yr

Sales Manager Salary

(3 salaries)

₹3.85 L/yr - ₹5.25 L/yr

Chief Manager Salary

(3 salaries)

₹12 L/yr - ₹12.5 L/yr

Top skills at Muthoot Finance for Credit Manager

Credit Underwriting Management Quality Audit MIS Reporting Credit Underwriting Software Configuration Management MIS Reporting Quality Audit Credit Appraisal Business operations Credit Management Monitoring Compliance Business Planning Sales

Salary related reviews for Muthoot Finance

2.5

Rated by 7 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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Top trending discussions

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Muthoot Finance Credit Manager Salary FAQs

What is the salary of Credit Manager at Muthoot Finance in Bangalore / Bengaluru?

The average salary of a Credit Manager at Muthoot Finance in Bangalore / Bengaluru typically ranges from ₹3.0 Lakhs to ₹6.0 Lakhs per year, depending on experience (from Fresher to 12 years).

The top 10% of Credit Manager in Bangalore / Bengaluru at Muthoot Finance earn more than ₹5.9 Lakhs per year, and the top 1% earn over ₹6.0 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 20+ Muthoot Finance employees in India.

What is the estimated take home salary of a Credit Manager at Muthoot Finance in Bangalore / Bengaluru?

The estimated take-home salary of a Credit Manager at Muthoot Finance in Bangalore / Bengaluru typically ranges from ₹34,279 to ₹35,529 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹6.0 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 20+ 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 in Bangalore / Bengaluru?

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

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

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?

Tata Capital Housing Finance	₹5.3 Lakhs to ₹12.0 Lakhs per year
L&T Finance	₹6.0 Lakhs to ₹10.0 Lakhs per year
Poonawalla Fincorp	₹5.0 Lakhs to ₹10.1 Lakhs per year
Kotak Mahindra Prime	₹6.5 Lakhs to ₹9.0 Lakhs per year
Mahindra Finance	₹4.5 Lakhs to ₹9.5 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 Manager in companies similar to Muthoot Finance in Bangalore / Bengaluru?

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

TVS Credit	₹4.5 Lakhs to ₹8.0 Lakhs per year
SMFG India Credit	₹2.9 Lakhs to ₹11.3 Lakhs per year
Aavas Financiers	₹3.2 Lakhs to ₹6.8 Lakhs per year
IIFL Finance	₹3.0 Lakhs to ₹6.0 Lakhs per year
Shriram Finance	₹4.4 Lakhs to ₹8.0 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 Bangalore / Bengaluru?

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

Experience	Average Salary Range
Fresher	₹3.8 Lakhs to ₹4.8 Lakhs per year
1 year	₹3.0 Lakhs to ₹4.9 Lakhs per year
2 years	₹3.7 Lakhs to ₹4.8 Lakhs per year
3 years	₹3.8 Lakhs to ₹4.9 Lakhs per year

and so on.

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Muthoot Finance Credit Manager Salaries in Bangalore / Bengaluru

Muthoot Finance Credit Manager salary in Bangalore / Bengaluru ranges between ₹3 Lakhs to ₹6 Lakhs with an average annual salary of ₹. Salary estimates are based on 21 Muthoot Finance latest salaries received from various employees of Muthoot Finance.

Muthoot Finance Credit Manager salaries in Bangalore / Bengaluru (Updated 2025)

Companies similar to Muthoot Finance for Credit Manager in Bangalore / Bengaluru

Latest annual salaries shared by Muthoot Finance Credit Manager in Bangalore / Bengaluru

Experience wise Muthoot Finance Credit Manager salaries in Bangalore / Bengaluru

Similar Designation salaries in Muthoot Finance

Top skills at Muthoot Finance for Credit Manager

Salary related reviews for Muthoot Finance

Sales Manager in Kochi

Deputy Manager in Rae Bareli

Branch Manager in New Delhi

Deputy Manager in Bhubaneswar

Branch Manager in Bhubaneswar

Muthoot Finance Credit Manager Salary FAQs

Tell us how to improve this page.