Muthoot Finance Chennai Gold Loan Officer Salaries by 8 Employees

1 - 6 years exp.

₹1.4 Lakh - ₹3.3 Lakhs

Avg. annual salary

Monthly In-hand Salary

42% less than the average Gold Loan Officer Salary in NBFC Companies for 1 - 6 years of experience

Interested in this particular role?

Last Updated: 17 Mar 2023

Companies similar to Muthoot Finance for Gold Loan Officer in Chennai

Muthoot Finance Gold Loan Officer Salary

1 - 6 years exp. (8 salaries)

₹1.4 L/yr - ₹3.3 L/yr

Company name	Avg Annual Salary	Open Jobs
Manappuram Finance Gold Loan Officer Salary 0 - 5 years exp. (12 salaries)	₹1.2 L/yr - ₹4 L/yr 25% more
HDB Financial Services Gold Loan Officer Salary 3 - 5 years exp. (5 salaries)	₹2.5 L/yr - ₹3.5 L/yr 60% more
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Muthoot Fincorp Gold Loan Officer Salary 2 - 4 years exp. (3 salaries)	₹1.2 L/yr - ₹2 L/yr 14% less
CSB Bank Gold Loan Officer Salary 1 - 12 years exp. (30 salaries)	₹2.4 L/yr - ₹5 L/yr 100% more	1 job opening
Axis Bank Gold Loan Officer Salary 1 - 8 years exp. (12 salaries)	₹3 L/yr - ₹5.5 L/yr 121% more

Gold Loan Officer salary at Muthoot Finance ranges between ₹1.4 Lakh to ₹3.3 Lakhs per year for employees with experience between 1 year to 6 years. Salary estimates are based on 8 latest salaries received from various employees of Muthoot Finance.

Experience wise Muthoot Finance Gold Loan Officer salaries in Chennai

Last Updated: 17 Mar 2023

Experience	Avg Annual Salary
1 year (4 salaries)	₹1.4 L/yr - ₹2.5 L/yr
2 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹2.1 L/yr
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3 years (AmbitionBox Estimate)	₹1.7 L/yr - ₹2.2 L/yr
4 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.3 L/yr
5 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.4 L/yr
6 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹2.4 L/yr

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Similar Designation salaries in Muthoot Finance

Sales Executive Salary

(9 salaries)

₹2 L/yr - ₹3 L/yr

Sales Manager Salary

(5 salaries)

₹3.65 L/yr - ₹6 L/yr

Relationship Officer Salary

(4 salaries)

₹2 L/yr - ₹4 L/yr

Top skills at Muthoot Finance for Gold Loan Officer

Interviewing Selling Skills Problem Solving Analytical skills Communication Skills Gold Loan Sales Lap Customer Engagement Banking

Salary related reviews for Muthoot Finance

4.0

Rated by 1 employees for salary & benefits

Gold Loan Officer in Chennai

Other Department

5.0

• posted on 12 May 2021

4.0

for Salary and Benefits

Likes

I love to work Muthoot finance its good experience to my life . want to move higher grade on this job do my best efforts to do our company profit

Salary - Good

+5 more

Dislikes

Want to increase hike of salary bcoz we are family so we can't maintain to this much salary but other good experience

Business Development Associate in Bangalore / Bengaluru

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 17 Feb 2025

1.0

for Salary and Benefits

Likes

Good things was it's near to my home and time was flexible and leaves were good

Dislikes

Many things salary is first but never received on time salary everytime and incentives were not given properly no skill development only work like hell and call customer daily but they were not even interested to get benifits and fooling customer by false words work environment was ok because manager and employee misunderstanding more

Salary - Bad

+5 more

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

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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 Gold Loan Officer Salary FAQs

What is the salary of Gold Loan Officer at Muthoot Finance in Chennai?

The average salary of a Gold Loan Officer at Muthoot Finance in Chennai typically ranges from ₹1.4 Lakhs to ₹3.3 Lakhs per year, depending on experience (from 1 year to 6 years).

The top 10% of Gold Loan Officer in Chennai at Muthoot Finance earn more than ₹3.1 Lakhs per year, and the top 1% earn over ₹3.3 Lakhs per year. Gold Loan 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 Gold Loan Officer at Muthoot Finance in Chennai?

The estimated take-home salary of a Gold Loan Officer at Muthoot Finance in Chennai typically ranges from ₹13,567 to ₹15,010 per month. This is based on the average salary range of ₹1.4 Lakhs to ₹3.3 Lakhs per year for employees with experience ranging from 1 year to 6 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 Gold Loan Officer at Muthoot Finance in Chennai?

To be a Gold Loan Officer at Muthoot Finance in Chennai, the key skills required include:

- Interviewing
- Selling Skills
- Problem Solving
- Analytical skills
- Communication Skills

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 Gold Loan Officer in India?

Axis Bank	₹3.0 Lakhs to ₹5.5 Lakhs per year
CSB Bank	₹2.4 Lakhs to ₹5.0 Lakhs per year
HDB Financial Services	₹2.5 Lakhs to ₹3.5 Lakhs per year
Manappuram Finance	₹1.2 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 Gold Loan Officer in companies similar to Muthoot Finance in Chennai?

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

Muthoot Fincorp

₹1.2 Lakhs to ₹2.0 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 Gold Loan Officer at Muthoot Finance in Chennai?

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

Experience	Average Salary Range
1 year	₹1.4 Lakhs to ₹2.5 Lakhs per year
2 years	₹1.6 Lakhs to ₹2.1 Lakhs per year
3 years	₹1.7 Lakhs to ₹2.2 Lakhs per year
4 years	₹1.8 Lakhs to ₹2.3 Lakhs per year

and so on.

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Muthoot Finance Gold Loan Officer Salaries in Chennai

Muthoot Finance Gold Loan Officer salary in Chennai ranges between ₹1.4 Lakh to ₹3.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 Muthoot Finance latest salaries received from various employees of Muthoot Finance.