Muthoot Finance Credit Officer Salaries by 8 Employees

1 - 5 years exp.

₹1.7 Lakh - ₹2.4 Lakhs

Low Confidence

Salary of majority employees

41% 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
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. (167 salaries)	₹1.3 L/yr - ₹4 L/yr 34% more
Login to view exact salary
Shriram Finance Credit Officer Salary 0 - 8 years exp. (165 salaries)	₹1.2 L/yr - ₹4.5 L/yr 27% more
Sammaan Capital Limited Credit Officer Salary 0 - 6 years exp. (131 salaries)	₹1.8 L/yr - ₹3.8 L/yr 37% more
HDB Financial Services Credit Officer Salary 1 - 7 years exp. (119 salaries)	₹1.1 L/yr - ₹4.1 L/yr 25% more
SMFG India Credit Credit Officer Salary 0 - 6 years exp. (100 salaries)	₹1 L/yr - ₹4.5 L/yr 35% 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. (56 salaries)	₹1.4 L/yr - ₹4.2 L/yr 35% more
Aavas Financiers Credit Officer Salary 1 - 5 years exp. (52 salaries)	₹1.5 L/yr - ₹4.5 L/yr 47% more
L&T Finance Credit Officer Salary 0 - 5 years exp. (48 salaries)	₹1.5 L/yr - ₹4 L/yr 52% more
SK Finance Limited Credit Officer Salary 1 - 6 years exp. (47 salaries)	₹1.6 L/yr - ₹4.5 L/yr 42% more
Login to view exact salary
Capri Global Capital Credit Officer Salary 0 - 6 years exp. (42 salaries)	₹1.5 L/yr - ₹3.7 L/yr 27% more
Bajaj Finance Credit Officer Salary 0 - 5 years exp. (38 salaries)	₹1.9 L/yr - ₹5.5 L/yr 65% more
Five-Star Business Finance Credit Officer Salary 0 - 6 years exp. (34 salaries)	₹2.3 L/yr - ₹4 L/yr 43% more
Mahindra Finance Credit Officer Salary 1 - 7 years exp. (32 salaries)	₹1.5 L/yr - ₹3.6 L/yr 27% more
Spandana Sphoorty Financial Credit Officer Salary 0 - 4 years exp. (27 salaries)	₹1.2 L/yr - ₹3.5 L/yr 11% more
Manappuram Finance Credit Officer Salary 1 - 11 years exp. (25 salaries)	₹2.2 L/yr - ₹4.5 L/yr 65% more
Kotak Mahindra Prime Credit Officer Salary 0 - 4 years exp. (15 salaries)	₹1.6 L/yr - ₹2.7 L/yr 3% more
Tata Capital Housing Finance Credit Officer Salary 2 - 6 years exp. (18 salaries)	₹3 L/yr - ₹3.8 L/yr 59% more
CreditAccess Grameen Credit Officer Salary 0 - 8 years exp. (15 salaries)	₹1.8 L/yr - ₹3.5 L/yr 26% 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
Login to view exact salary
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

(74 salaries)

₹3 L/yr - ₹7.2 L/yr

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

(3 salaries)

₹2.8 L/yr - ₹5.5 L/yr

Credit Executive Salary

(4 salaries)

₹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

(586 salaries)

₹1.8 L/yr - ₹7.5 L/yr

Deputy Manager Salary

(93 salaries)

₹3 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

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

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

Option 1

Option 2

84 participants . expiring in 3d

Got a question about Muthoot Finance?

Ask anonymously on communities.

Muthoot Finance Credit Officer Salary FAQs

What is the salary of Credit Officer at Muthoot Finance ?

The average salary of a Credit Officer at Muthoot Finance in India typically ranges from ₹1.7 Lakhs to ₹2.4 Lakhs per year, depending on experience (from 1 year to 5 years).

The top 10% of Credit Officer at Muthoot Finance earn more than ₹2.3 Lakhs per year, and the top 1% earn over ₹2.4 Lakhs per year. Credit Officer 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 8 Muthoot Finance employees in India.

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 in India typically ranges from ₹14,750 to ₹16,296 per month. This is based on the average salary range of ₹1.7 Lakhs to ₹2.4 Lakhs per year for employees with experience ranging from 1 year 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 8 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 Officer at Muthoot Finance ?

To be a Credit Officer at Muthoot Finance in india, the key skills required include:

- Credit Appraisal
- Credit Management
- Regulatory
- Compliance
- 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 Officer in India?

Bharat Financial Inclusion	₹3.0 Lakhs to ₹6.5 Lakhs per year
Bajaj Finance	₹1.9 Lakhs to ₹5.5 Lakhs per year
Manappuram Finance	₹2.2 Lakhs to ₹4.5 Lakhs per year
Tata Capital Housing Finance	₹3.0 Lakhs to ₹3.8 Lakhs per year
L&T Finance	₹1.5 Lakhs to ₹4.0 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 Officer in companies similar to Muthoot Finance in India?

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

Poonawalla Fincorp	₹2.4 Lakhs to ₹3.5 Lakhs per year
Aavas Financiers	₹1.5 Lakhs to ₹4.5 Lakhs per year
Five-Star Business Finance	₹2.3 Lakhs to ₹4.0 Lakhs per year
SK Finance Limited	₹1.6 Lakhs to ₹4.5 Lakhs per year
Ess Kay Fincorp	₹2.0 Lakhs to ₹3.5 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 Officer at Muthoot Finance in India?

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

Experience	Average Salary Range
1 year	₹2.3 Lakhs to ₹2.4 Lakhs per year
2 years	₹0.9 Lakhs to ₹2.3 Lakhs per year
3 years	₹1.9 Lakhs to ₹4.0 Lakhs per year
4 years	₹1.9 Lakhs to ₹3.9 Lakhs per year

and so on.

Tell us how to improve this page.

Muthoot Finance Credit Officer Salaries by Location

Home >
Salaries >
Muthoot Finance Salaries >
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.