Muthoot Finance Chennai Credit Manager Salaries by 4 Employees (Updated 2025)

2 - 5 years exp.

₹3.5 Lakhs - ₹5.6 Lakhs

Salary of majority employees

41% less than the average Credit Manager Salary in NBFC Companies for 2 - 5 years of experience

Interested in this particular role? 4 job openings

Salaries in different departments

Finance & Accounting Credit Manager Salary 2 - 3 years exp. (AmbitionBox Estimate)	₹3.5 L/yr - ₹5.5 L/yr
BFSI, Investments & Trading Credit Manager Salary 5 years exp. (AmbitionBox Estimate)	₹3.8 L/yr - ₹6.1 L/yr
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Risk Management & Compliance Credit Manager Salary 2 years exp. (AmbitionBox Estimate)	₹3.5 L/yr - ₹5.1 L/yr

Last Updated: 31 Jul 2024

Companies similar to Muthoot Finance for Credit Manager in Chennai

Muthoot Finance Credit Manager Salary

2 - 5 years exp. (4 salaries)

₹3.5 L/yr - ₹5.6 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Credit Manager Salary 0 - 11 years exp. (178 salaries)	₹2 L/yr - ₹11.6 L/yr 40% more	7 job openings
ICICI Bank Credit Manager Salary 0 - 11 years exp. (168 salaries)	₹3.8 L/yr - ₹15 L/yr 92% more
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Axis Bank Credit Manager Salary 0 - 11 years exp. (45 salaries)	₹4 L/yr - ₹14 L/yr 92% more
Kotak Mahindra Bank Credit Manager Salary 0 - 9 years exp. (39 salaries)	₹4 L/yr - ₹13.2 L/yr 92% more
Tata Capital Credit Manager Salary 0 - 7 years exp. (12 salaries)	₹4.1 L/yr - ₹8.6 L/yr 60% more	6 job openings
IndusInd Bank Credit Manager Salary 3 - 12 years exp. (17 salaries)	₹3.5 L/yr - ₹13.2 L/yr 59% more
IDFC FIRST Bank Credit Manager Salary 1 - 10 years exp. (30 salaries)	₹3.5 L/yr - ₹12.8 L/yr 71% more	1 job opening
Yes Bank Credit Manager Salary 0 - 11 years exp. (63 salaries)	₹3 L/yr - ₹11 L/yr 48% more
Aditya Birla Finance Credit Manager Salary 1 - 9 years exp. (45 salaries)	₹3.8 L/yr - ₹8.7 L/yr 53% more
SMFG India Credit Credit Manager Salary 2 - 11 years exp. (16 salaries)	₹3.2 L/yr - ₹10.5 L/yr 34% more
Shriram Finance Credit Manager Salary 1 - 10 years exp. (11 salaries)	₹2.2 L/yr - ₹8.2 L/yr 10% less	2 job openings
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Kotak Mahindra Prime Credit Manager Salary 2 - 8 years exp. (7 salaries)	₹4.5 L/yr - ₹9.8 L/yr 39% more
TVS Credit Credit Manager Salary 3 - 8 years exp. (7 salaries)	₹3.9 L/yr - ₹8.5 L/yr 20% more
Sundaram Finance Credit Manager Salary 1 - 9 years exp. (6 salaries)	₹4.8 L/yr - ₹11.2 L/yr 76% more	1 job opening
Muthoot Fincorp Credit Manager Salary 2 - 12 years exp. (5 salaries)	₹3.6 L/yr - ₹6 L/yr 2% more
PNB Housing Finance Credit Manager Salary 5 - 12 years exp. (5 salaries)	₹5.6 L/yr - ₹10.3 L/yr 82% more
Tata Capital Housing Finance Credit Manager Salary 6 - 8 years exp. (5 salaries)	₹5.6 L/yr - ₹9 L/yr 68% more
Mahindra Finance Credit Manager Salary 5 - 13 years exp. (4 salaries)	₹5.4 L/yr - ₹12 L/yr 51% more
Poonawalla Fincorp Credit Manager Salary 1 - 5 years exp. (4 salaries)	₹5 L/yr - ₹6.8 L/yr 34% more
L&T Finance Credit Manager Salary 2 - 5 years exp. (3 salaries)	₹4.8 L/yr - ₹9 L/yr 69% more

Credit Manager salary at Muthoot Finance ranges between ₹3.5 Lakhs to ₹5.6 Lakhs per year for employees with experience between 2 years to 5 years. Salary estimates are based on 4 latest salaries received from various employees of Muthoot Finance.

Experience wise Muthoot Finance Credit Manager salaries in Chennai

Last Updated: 31 Jul 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹7.7 L/yr
3 years (AmbitionBox Estimate)	₹4 L/yr - ₹8 L/yr
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4 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.2 L/yr
5 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹8.4 L/yr

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

Branch Manager Salary

(89 salaries)

₹2.35 L/yr - ₹7 L/yr

Sales Manager Salary

(5 salaries)

₹3.65 L/yr - ₹6 L/yr

Deputy Manager Salary

(4 salaries)

₹4.4 L/yr - ₹5.75 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

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

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Muthoot Finance Credit Manager Salary FAQs

What is the salary of Credit Manager at Muthoot Finance Chennai?

Credit Manager salary at Muthoot Finance in Chennai ranges between ₹3.5 Lakhs to ₹5.6 Lakhs for experience between 2 years to 5 years. According to our estimates it is 41% less than the average Credit Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Muthoot Finance Chennai.

How does the salary of a Credit Manager at Muthoot Finance Chennai compare with the average salary range for this job?

The average salary of a Credit Manager at Muthoot Finance is 41% less than the average salary of a Credit Manager in Chennai. 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 Chennai.

Which similar companies are paying more than Muthoot Finance to a Credit Manager in Chennai?

ICICI Bank Credit Manager Salary - ₹3.8 Lakhs to ₹15.0 Lakhs per year
Kotak Mahindra Bank Credit Manager Salary - ₹4.0 Lakhs to ₹13.2 Lakhs per year
Axis Bank Credit Manager Salary - ₹4.0 Lakhs to ₹14.0 Lakhs per year
PNB Housing Finance Credit Manager Salary - ₹5.6 Lakhs to ₹10.3 Lakhs per year
Sundaram Finance Credit Manager Salary - ₹4.8 Lakhs to ₹11.2 Lakhs per year

What is the salary of a Credit Manager in companies similar to Muthoot Finance in Chennai?

IDFC FIRST Bank Credit Manager Salary - ₹3.5 Lakhs to ₹12.8 Lakhs per year
L&T Finance Credit Manager Salary - ₹4.8 Lakhs to ₹9.0 Lakhs per year
Tata Capital Housing Finance Credit Manager Salary - ₹5.6 Lakhs to ₹9.0 Lakhs per year
Tata Capital Credit Manager Salary - ₹4.1 Lakhs to ₹8.6 Lakhs per year
IndusInd Bank Credit Manager Salary - ₹3.5 Lakhs to ₹13.2 Lakhs per year

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

The estimated take-home salary of a Credit Manager at Muthoot Finance ranges between ₹35,946 per month to ₹37,171 per month in Chennai. The take-home salary calculation is based on the average Muthoot Finance Credit Manager salary in India which ranges between ₹3.5 Lakhs to ₹5.6 Lakhs per year for employees with experience between 2 years to 5 years. Check how did we calculate take home salary?

What is the notice period for Credit Manager at Muthoot Finance in Chennai?

According to AmbitionBox, 67% of the Muthoot Finance Credit Managers in Chennai reported a notice period of 15 days or less, 33% reported a notice period of 1 Month.This is based on 3 responses on AmbitionBox in last 2 years.

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Muthoot Finance Credit Manager Salaries in Chennai

Muthoot Finance Credit Manager salary in Chennai ranges between ₹3.5 Lakhs to ₹5.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Muthoot Finance latest salaries received from various employees of Muthoot Finance.