Muthoot Finance Credit Officer Salaries by 8 Employees (Updated 2025)

1 - 5 years exp.

₹1.7 Lakh - ₹2.4 Lakhs

Low Confidence

Salary of majority employees

40% less than the average Credit Officer Salary in NBFC Companies for 1 - 5 years of experience

Interested in this particular role?

Last Updated: 23 Mar 2024

Companies similar to Muthoot Finance for Credit Officer

Company name	Avg Annual Salary	Open Jobs
Manappuram Finance Credit Officer Salary 1 - 3 years exp. (11 salaries)	₹2.2 L/yr - ₹4.5 L/yr 49% more
Shriram Finance Credit Officer Salary 0 - 9 years exp. (170 salaries)	₹1.2 L/yr - ₹4.5 L/yr 27% more
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Bajaj Finance Credit Officer Salary 0 - 5 years exp. (38 salaries)	₹1.9 L/yr - ₹5.5 L/yr 65% more
HDFC Bank Credit Officer Salary 1 - 8 years exp. (252 salaries)	₹1.2 L/yr - ₹4 L/yr 20% more
ICICI Bank Credit Officer Salary 0 - 6 years exp. (118 salaries)	₹1.2 L/yr - ₹4.7 L/yr 19% more
Axis Bank Credit Officer Salary 0 - 6 years exp. (175 salaries)	₹1.2 L/yr - ₹6.8 L/yr 70% more	1 job opening
Kotak Mahindra Bank Credit Officer Salary 1 - 6 years exp. (96 salaries)	₹1.5 L/yr - ₹4.5 L/yr 26% more
Tata Capital Credit Officer Salary 0 - 6 years exp. (23 salaries)	₹2.5 L/yr - ₹5 L/yr 52% more	1 job opening
Aditya Birla Finance Credit Officer Salary 0 - 7 years exp. (69 salaries)	₹2.4 L/yr - ₹4.6 L/yr 65% more
Mahindra Rural Housing Finance Credit Officer Salary 0 - 6 years exp. (199 salaries)	₹1.2 L/yr - ₹4 L/yr 27% more
Muthoot Fincorp Credit Officer Salary 0 - 6 years exp. (162 salaries)	₹1.7 L/yr - ₹4 L/yr 33% more
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Sammaan Capital Limited Credit Officer Salary 0 - 6 years exp. (136 salaries)	₹1.7 L/yr - ₹3.8 L/yr 35% more
SMFG India Credit Credit Officer Salary 0 - 7 years exp. (99 salaries)	₹1.6 L/yr - ₹4.5 L/yr 40% more
IIFL Finance Credit Officer Salary 1 - 7 years exp. (56 salaries)	₹1.4 L/yr - ₹4.2 L/yr 35% more
Aavas Financiers Credit Officer Salary 1 - 5 years exp. (52 salaries)	₹1.2 L/yr - ₹4.5 L/yr 45% more
SK Finance Limited Credit Officer Salary 1 - 6 years exp. (47 salaries)	₹1.6 L/yr - ₹4.5 L/yr 42% more
L&T Finance Credit Officer Salary 1 - 6 years exp. (46 salaries)	₹1.8 L/yr - ₹4 L/yr 58% more
Capri Global Capital Credit Officer Salary 0 - 6 years exp. (42 salaries)	₹1.5 L/yr - ₹3.7 L/yr 27% more
Mahindra Finance Credit Officer Salary 0 - 7 years exp. (33 salaries)	₹1.5 L/yr - ₹3.6 L/yr 23% more
Tata Capital Housing Finance Credit Officer Salary 2 - 6 years exp. (18 salaries)	₹3 L/yr - ₹3.8 L/yr 59% more

View all

Credit Officer salary at Muthoot Finance ranges between ₹1.7 Lakh to ₹2.4 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 8 latest salaries received from various employees of Muthoot Finance.

Experience wise Muthoot Finance Credit Officer salaries

Last Updated: 23 Mar 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.4 L/yr
2 years (AmbitionBox Estimate)	₹0.9 L/yr - ₹2.3 L/yr
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3 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹4 L/yr
4 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹3.9 L/yr
5 years (AmbitionBox Estimate)	₹1.7 L/yr - ₹3.8 L/yr

Similar Designation salaries in Muthoot Finance

Credit Manager Salary

(73 salaries)

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Sales Officer Salary

(23 salaries)

₹1.8 L/yr - ₹3.4 L/yr

Credit Analyst Salary

(4 salaries)

₹2.3 L/yr - ₹3.75 L/yr

Senior Credit Officer Salary

(AmbitionBox Estimate)

₹2.3 L/yr - ₹2.9 L/yr

Officer Salary

(AmbitionBox Estimate)

₹1.9 L/yr - ₹2.4 L/yr

Credit Underwriter Salary

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Credit Executive Salary

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Area Credit Manager Salary

(4 salaries)

₹3.3 L/yr - ₹10.1 L/yr

Branch Manager Salary

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₹1.8 L/yr - ₹7.5 L/yr

Deputy Manager Salary

(86 salaries)

₹3.5 L/yr - ₹9.08 L/yr

Top skills at Muthoot Finance for Credit Officer

Credit Appraisal Credit Management Regulatory Compliance Credit Underwriting Lap Banking Law Mortgage Loans Credit Analysis

Salary related reviews for Muthoot Finance

3.7

Rated by 6 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

1w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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Muthoot Finance Credit Officer Salary FAQs

What is the salary of Credit Officer at Muthoot Finance?

Credit Officer salary at Muthoot Finance in India ranges between ₹1.7 Lakhs to ₹2.4 Lakhs for experience between 1 years to 5 years. According to our estimates it is 40% less than the average Credit Officer Salary in India. Salary estimates are based on 8 latest salaries received from various employees of Muthoot Finance India.

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

The average salary of a Credit Officer at Muthoot Finance is 40% less than the average salary of a Credit Officer in India. To know exact salary insights, login to view.

What are the top skills required to work as a Credit Officer at Muthoot Finance?

Credit Appraisal, Credit Management, Regulatory, Compliance and Credit Underwriting are some of the popular skills required to work as a Credit Officer at Muthoot Finance India.

Which similar companies are paying more than Muthoot Finance to a Credit Officer in India?

Bharat Financial Inclusion Credit Officer Salary - ₹3.0 Lakhs to ₹6.5 Lakhs per year
Axis Bank Credit Officer Salary - ₹1.2 Lakhs to ₹6.8 Lakhs per year
Bajaj Finance Credit Officer Salary - ₹1.9 Lakhs to ₹5.5 Lakhs per year
Aditya Birla Finance Credit Officer Salary - ₹2.4 Lakhs to ₹4.6 Lakhs per year
Tata Capital Housing Finance Credit Officer Salary - ₹3.0 Lakhs to ₹3.8 Lakhs per year

What is the salary of a Credit Officer in companies similar to Muthoot Finance in India?

L&T Finance Credit Officer Salary - ₹1.8 Lakhs to ₹4.0 Lakhs per year
Tata Capital Credit Officer Salary - ₹2.5 Lakhs to ₹5.0 Lakhs per year
Manappuram Finance Credit Officer Salary - ₹2.2 Lakhs to ₹4.5 Lakhs per year
Poonawalla Fincorp Credit Officer Salary - ₹2.4 Lakhs to ₹3.5 Lakhs per year
Aavas Financiers Credit Officer Salary - ₹1.2 Lakhs to ₹4.5 Lakhs per year

What is the estimated take home salary of a Credit Officer at Muthoot Finance in India?

The estimated take-home salary of a Credit Officer at Muthoot Finance ranges between ₹14,750 per month to ₹16,296 per month in India. The take-home salary calculation is based on the average Muthoot Finance Credit Officer salary in India which ranges between ₹1.7 Lakhs to ₹2.4 Lakhs per year for employees with experience between 1 years to 5 years. Check how did we calculate take home salary?

What is the notice period for Credit Officer at Muthoot Finance?

According to AmbitionBox, 50% of the Muthoot Finance Credit Officers reported a notice period of 15 days or less, 50% reported a notice period of 1 Month.This is based on 2 responses on AmbitionBox in last 2 years.

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Muthoot Finance Credit Officer Salaries

Muthoot Finance Credit Officer salary in India ranges between ₹1.7 Lakh to ₹2.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 Muthoot Finance latest salaries received from various employees of Muthoot Finance.