Muthoot Finance Chennai Credit Manager Salaries by 4 Employees

2 - 5 years exp.

₹3.5 Lakhs - ₹5.2 Lakhs

Avg. annual salary

Monthly In-hand Salary

45% less than the average Credit Manager Salary in NBFC Companies for 2 - 5 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

Finance & Accounting Credit Manager Salary 2 - 3 years exp. (AmbitionBox Estimate)	₹3.5 L/yr - ₹5.2 L/yr
BFSI, Investments & Trading Credit Manager Salary 5 years exp. (AmbitionBox Estimate)	₹3.8 L/yr - ₹5.3 L/yr
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Risk Management & Compliance Credit Manager Salary 2 years exp. (AmbitionBox Estimate)	₹3.5 L/yr - ₹5.2 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 - ₹5.2 L/yr

Company name	Avg Annual Salary	Open Jobs
HDB Financial Services Credit Manager Salary 0 - 11 years exp. (67 salaries)	₹2.5 L/yr - ₹9 L/yr 6% more	1 job opening
SMFG India Credit Credit Manager Salary 2 - 13 years exp. (18 salaries)	₹3.2 L/yr - ₹10.5 L/yr 44% more
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Shriram Finance Credit Manager Salary 1 - 10 years exp. (11 salaries)	₹2.2 L/yr - ₹8.2 L/yr 8% less	2 job openings
Muthoot Fincorp Credit Manager Salary 2 - 11 years exp. (6 salaries)	₹3.6 L/yr - ₹6 L/yr 1% more	1 job opening
Kotak Mahindra Prime Credit Manager Salary 2 - 7 years exp. (6 salaries)	₹4.5 L/yr - ₹9.8 L/yr 50% more
TVS Credit Credit Manager Salary 4 - 8 years exp. (6 salaries)	₹3.9 L/yr - ₹8.5 L/yr 18% more
Sundaram Finance Credit Manager Salary 1 - 9 years exp. (6 salaries)	₹4.8 L/yr - ₹10 L/yr 58% more
Mahindra Finance Credit Manager Salary 3 - 13 years exp. (5 salaries)	₹5.4 L/yr - ₹12 L/yr 84% more
Tata Capital Housing Finance Credit Manager Salary 6 - 8 years exp. (5 salaries)	₹5.6 L/yr - ₹9 L/yr 61% more
PNB Housing Finance Credit Manager Salary 5 - 12 years exp. (4 salaries)	₹7.3 L/yr - ₹10.3 L/yr 99% more
L&T Finance Credit Manager Salary 2 - 10 years exp. (4 salaries)	₹4.8 L/yr - ₹9.8 L/yr 79% more
Login to view exact salary
Poonawalla Fincorp Credit Manager Salary 1 - 5 years exp. (4 salaries)	₹5 L/yr - ₹7.2 L/yr 47% more

Credit Manager salary at Muthoot Finance ranges between ₹3.5 Lakhs to ₹5.2 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)	₹3.7 L/yr - ₹4.8 L/yr
3 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.9 L/yr
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4 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹5 L/yr
5 years (AmbitionBox Estimate)	₹4 L/yr - ₹5.2 L/yr

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

(90 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 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

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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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 Chennai?

The average salary of a Credit Manager at Muthoot Finance in Chennai typically ranges from ₹3.5 Lakhs to ₹5.2 Lakhs per year, depending on experience (from 2 years to 5 years).

The top 10% of Credit Manager in Chennai at Muthoot Finance earn more than ₹4.0 Lakhs per year, and the top 1% earn over ₹4.0 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 4 Muthoot Finance employees in India.

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 in Chennai typically ranges from ₹34,280 to ₹35,531 per month. This is based on the average salary range of ₹3.5 Lakhs to ₹5.2 Lakhs per year for employees with experience ranging from 2 years to 5 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 4 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 Chennai?

To be a Credit Manager at Muthoot Finance in Chennai, 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?

PNB Housing Finance	₹7.3 Lakhs to ₹10.3 Lakhs per year
Mahindra Finance	₹5.4 Lakhs to ₹12.0 Lakhs per year
L&T Finance	₹4.8 Lakhs to ₹9.8 Lakhs per year
Tata Capital Housing Finance	₹5.6 Lakhs to ₹9.0 Lakhs per year
Sundaram Finance	₹4.8 Lakhs to ₹10.0 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 Chennai?

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

Kotak Mahindra Prime	₹4.5 Lakhs to ₹9.8 Lakhs per year
Poonawalla Fincorp	₹5.0 Lakhs to ₹7.2 Lakhs per year
SMFG India Credit	₹3.2 Lakhs to ₹10.5 Lakhs per year
TVS Credit	₹3.9 Lakhs to ₹8.5 Lakhs per year
HDB Financial Services	₹2.5 Lakhs to ₹9.0 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 Chennai?

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

Experience	Average Salary Range
2 years	₹3.7 Lakhs to ₹4.8 Lakhs per year
3 years	₹3.8 Lakhs to ₹4.9 Lakhs per year
4 years	₹3.9 Lakhs to ₹5.0 Lakhs per year
5 years	₹4.0 Lakhs to ₹5.2 Lakhs per year

and so on.

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Muthoot Finance Credit Manager Salaries in Chennai

Muthoot Finance Credit Manager salary in Chennai ranges between ₹3.5 Lakhs to ₹5.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Muthoot Finance latest salaries received from various employees of Muthoot Finance.