Muthoot Finance Credit Underwriter Salaries by 3 Employees (Updated 2025)

0 - 4 years exp.

₹2.8 Lakhs - ₹5.5 Lakhs

Low Confidence

Salary of majority employees

17% less than the average Credit Underwriter Salary in NBFC Companies for 0 - 4 years of experience

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Salaries in different departments

Finance & Accounting Credit Underwriter Salary 0 - 4 years exp. (AmbitionBox Estimate)	₹2.8 L/yr - ₹4 L/yr
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Risk Management & Compliance Credit Underwriter Salary 1 year exp. (AmbitionBox Estimate)	₹5 L/yr - ₹6.1 L/yr

Last Updated: 19 Feb 2025

Companies similar to Muthoot Finance for Credit Underwriter

Company name	Avg Annual Salary	Open Jobs
Shriram Finance Credit Underwriter Salary 0 - 9 years exp. (7 salaries)	₹3 L/yr - ₹3.3 L/yr 24% less
Bajaj Finance Credit Underwriter Salary 2 - 9 years exp. (16 salaries)	₹3 L/yr - ₹6.8 L/yr 16% more
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HDFC Bank Credit Underwriter Salary 0 - 8 years exp. (122 salaries)	₹2.5 L/yr - ₹11 L/yr 74% more
ICICI Bank Credit Underwriter Salary 1 - 8 years exp. (26 salaries)	₹1.6 L/yr - ₹10.6 L/yr 51% more
Axis Bank Credit Underwriter Salary 1 - 10 years exp. (53 salaries)	₹2.6 L/yr - ₹7 L/yr 23% more
Kotak Mahindra Bank Credit Underwriter Salary 0 - 7 years exp. (34 salaries)	₹1.8 L/yr - ₹8.5 L/yr 4% less
Tata Capital Credit Underwriter Salary 4 - 6 years exp. (4 salaries)	₹4.2 L/yr - ₹7.5 L/yr 41% more
Aditya Birla Finance Credit Underwriter Salary 0 - 3 years exp. (7 salaries)	₹2.6 L/yr - ₹7.5 L/yr 17% more
HDB Financial Services Credit Underwriter Salary 2 - 8 years exp. (22 salaries)	₹2.1 L/yr - ₹4.6 L/yr 17% less
IIFL Finance Credit Underwriter Salary 0 - 8 years exp. (11 salaries)	₹2.8 L/yr - ₹4.6 L/yr 17% less
CreditAccess Grameen Credit Underwriter Salary 4 - 8 years exp. (8 salaries)	₹3 L/yr - ₹5.4 L/yr 8% less
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Sammaan Capital Limited Credit Underwriter Salary 3 - 9 years exp. (8 salaries)	₹3 L/yr - ₹4.5 L/yr 6% less
PNB Housing Finance Credit Underwriter Salary 0 - 1 year exp. (7 salaries)	₹4.3 L/yr - ₹7 L/yr 22% more
Mahindra Finance Credit Underwriter Salary 3 - 7 years exp. (5 salaries)	₹8 L/yr - ₹10 L/yr 121% more
L&T Finance Credit Underwriter Salary 4 - 9 years exp. (5 salaries)	₹3.4 L/yr - ₹8 L/yr 12% more
Tata Capital Housing Finance Credit Underwriter Salary 6 - 10 years exp. (4 salaries)	₹3.6 L/yr - ₹7.5 L/yr 40% more
Aavas Financiers Credit Underwriter Salary 0 - 2 years exp. (4 salaries)	₹2.4 L/yr - ₹3.5 L/yr 36% less
Poonawalla Fincorp Credit Underwriter Salary 0 - 4 years exp. (4 salaries)	₹1.9 L/yr - ₹6 L/yr 1% less
TVS Credit Credit Underwriter Salary 0 - 8 years exp. (3 salaries)	₹1.2 L/yr - ₹4.8 L/yr 15% less

Credit Underwriter salary at Muthoot Finance ranges between ₹2.8 Lakhs to ₹5.5 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 3 latest salaries received from various employees of Muthoot Finance.

Experience wise Muthoot Finance Credit Underwriter salaries

Last Updated: 19 Feb 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
1 year (AmbitionBox Estimate)	₹5 L/yr - ₹6.3 L/yr
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4 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr

Similar Designation salaries in Muthoot Finance

Credit Officer Salary

(8 salaries)

₹1.65 L/yr - ₹2.35 L/yr

Credit Executive Salary

(4 salaries)

₹1.74 L/yr - ₹3.2 L/yr

Credit Analyst Salary

(4 salaries)

₹2.3 L/yr - ₹3.75 L/yr

Credit Manager Salary

(73 salaries)

₹3 L/yr - ₹7.2 L/yr

Area Credit Manager Salary

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₹3.3 L/yr - ₹10.1 L/yr

Branch Manager Salary

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₹1.8 L/yr - ₹7 L/yr

Senior Associate Salary

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₹2.5 L/yr - ₹4 L/yr

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Deputy Manager Salary

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₹2.8 L/yr - ₹7.5 L/yr

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₹8.65 L/yr - ₹14.25 L/yr

Salary related reviews for Muthoot Finance

2.0

Rated by 1 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 Underwriter Salary FAQs

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

According to AmbitionBox, 50% of the Muthoot Finance Credit Underwriters reported a notice period of 1 Month, 50% reported a notice period of 2 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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Muthoot Finance Credit Underwriter Salaries

Muthoot Finance Credit Underwriter salary in India ranges between ₹2.8 Lakhs to ₹5.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Muthoot Finance latest salaries received from various employees of Muthoot Finance.