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

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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 - 9 years exp. (24 salaries)	₹2.2 L/yr - ₹4.5 L/yr 52% more
Shriram Finance Credit Officer Salary 0 - 9 years exp. (174 salaries)	₹1.2 L/yr - ₹4.5 L/yr 30% more
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Bajaj Finance Credit Officer Salary 0 - 5 years exp. (38 salaries)	₹1.9 L/yr - ₹5.5 L/yr 64% more
HDFC Bank Credit Officer Salary 1 - 8 years exp. (332 salaries)	₹1.3 L/yr - ₹3.9 L/yr 21% more
ICICI Bank Credit Officer Salary 0 - 8 years exp. (107 salaries)	₹1.2 L/yr - ₹4.7 L/yr 22% more
Axis Bank Credit Officer Salary 0 - 6 years exp. (173 salaries)	₹1.2 L/yr - ₹6.5 L/yr 69% more
Kotak Mahindra Bank Credit Officer Salary 0 - 6 years exp. (104 salaries)	₹1.5 L/yr - ₹4.7 L/yr 25% more
Tata Capital Credit Officer Salary 0 - 6 years exp. (19 salaries)	₹2.5 L/yr - ₹5 L/yr 52% more	2 job openings
Aditya Birla Finance Credit Officer Salary 0 - 7 years exp. (63 salaries)	₹2.4 L/yr - ₹4.6 L/yr 63% more
Mahindra Rural Housing Finance Credit Officer Salary 0 - 6 years exp. (206 salaries)	₹1.5 L/yr - ₹4.5 L/yr 30% more
Muthoot Fincorp Credit Officer Salary 0 - 6 years exp. (174 salaries)	₹1.3 L/yr - ₹4 L/yr 32% more
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Sammaan Capital Limited Credit Officer Salary 0 - 6 years exp. (144 salaries)	₹1.7 L/yr - ₹3.8 L/yr 33% more
HDB Financial Services Credit Officer Salary 1 - 7 years exp. (120 salaries)	₹1.1 L/yr - ₹4.1 L/yr 29% more
SMFG India Credit Credit Officer Salary 0 - 7 years exp. (100 salaries)	₹1.6 L/yr - ₹4.4 L/yr 37% more
Muthoot Microfin Credit Officer Salary 0 - 6 years exp. (69 salaries)	₹1.4 L/yr - ₹2.7 L/yr 5% less
IIFL Finance Credit Officer Salary 1 - 7 years exp. (58 salaries)	₹1.7 L/yr - ₹4.2 L/yr 43% more
Aavas Financiers Credit Officer Salary 0 - 5 years exp. (58 salaries)	₹1.5 L/yr - ₹4 L/yr 41% 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. (45 salaries)	₹1.5 L/yr - ₹3.7 L/yr 31% more
Mahindra Finance Credit Officer Salary 0 - 7 years exp. (36 salaries)	₹1.5 L/yr - ₹3.6 L/yr 22% more

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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

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₹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

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₹1.5 L/yr - ₹2.22 L/yr

Credit Underwriter Salary

(AmbitionBox Estimate)

₹3.1 L/yr - ₹3.9 L/yr

Credit Executive Salary

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₹1.74 L/yr - ₹3.2 L/yr

Area Credit Manager Salary

(4 salaries)

₹3.3 L/yr - ₹10.1 L/yr

Branch Manager Salary

(524 salaries)

₹1.8 L/yr - ₹7.5 L/yr

Deputy Manager Salary

(81 salaries)

₹3.6 L/yr - ₹8.9 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

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

Dislikes

Increment of salary and Incentives payout is only for seniors and RO employees, branch level employee only get the nominal amount

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

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.

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

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 .

Branch Manager in Bhuj

Full Time

Sales & Business Development Department

5.0

• posted on 01 Sep 2023

2.0

for Salary and Benefits

Likes

Company with good work culture and integrity. Company's marketing strategies and branding help us most for business generation. Audit team is always caring for customer's concern and company's image.

Dislikes

Salary is not as per expectation compared to other competitors companies.

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Salary Discussions, Hike & Promotions

2w (edited)

a social media specialist

Salary Expectations

I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards. I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high. What should be the ideal salary expectation for someone with my experience in the current market?

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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 ₹6.5 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
L&T Finance Credit Officer Salary - ₹1.8 Lakhs to ₹4.0 Lakhs per year

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

Manappuram Finance Credit Officer Salary - ₹2.2 Lakhs to ₹4.5 Lakhs per year
Tata Capital Credit Officer Salary - ₹2.5 Lakhs to ₹5.0 Lakhs per year
Poonawalla Fincorp Credit Officer Salary - ₹2.4 Lakhs to ₹3.5 Lakhs per year
IIFL Finance Credit Officer Salary - ₹1.7 Lakhs to ₹4.2 Lakhs per year
Aavas Financiers Credit Officer Salary - ₹1.5 Lakhs to ₹4.0 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.