Muthoot Finance State Head Credit Salaries by 4 Employees

10 - 18 years exp.

₹10 Lakhs - ₹12.4 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

35% less than the average State Head Credit Salary in NBFC Companies for 10 - 18 years of experience

Interested in this particular role?

Last Updated: 16 Sep 2024

Companies similar to Muthoot Finance for State Head Credit

Company name	Avg Annual Salary	Open Jobs
Mahindra Rural Housing Finance State Head Credit Salary 4 - 19 years exp. (11 salaries)	₹10.5 L/yr - ₹26 L/yr 58% more
PNB Housing Finance State Head Credit Salary 14 - 19 years exp. (7 salaries)	₹17.6 L/yr - ₹33.3 L/yr 115% more
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Tata Capital Housing Finance State Head Credit Salary 9 - 10 years exp. (5 salaries)	₹15.5 L/yr - ₹24 L/yr 75% more
IIFL Finance State Head Credit Salary 7 - 12 years exp. (4 salaries)	₹14 L/yr - ₹20.5 L/yr 48% more
Manappuram Finance State Head Credit Salary 14 - 25 years exp. (4 salaries)	₹10.6 L/yr - ₹14.1 L/yr 5% more
John Deere Financial State Head Credit Salary 3 - 8 years exp. (4 salaries)	₹9.5 L/yr - ₹12 L/yr 8% less
SK Finance Limited State Head Credit Salary 12 - 13 years exp. (4 salaries)	₹17.3 L/yr - ₹20 L/yr 53% more
Shriram Finance State Head Credit Salary 7 - 18 years exp. (3 salaries)	₹21 L/yr - ₹35 L/yr 129% more
Poonawalla Fincorp State Head Credit Salary 4 - 14 years exp. (3 salaries)	₹12.5 L/yr - ₹18 L/yr 37% more

State Head Credit salary at Muthoot Finance ranges between ₹10 Lakhs to ₹12.4 Lakhs per year for employees with experience between 10 years to 18 years. Salary estimates are based on 4 latest salaries received from various employees of Muthoot Finance.

Experience wise Muthoot Finance State Head Credit salaries

Last Updated: 16 Sep 2024

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹9 L/yr - ₹11.5 L/yr
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15+ years (3 salaries)	₹11.2 L/yr - ₹14.3 L/yr

Similar Designation salaries in Muthoot Finance

Sales Officer Salary

(23 salaries)

₹1.8 L/yr - ₹3.4 L/yr

Branch Manager Salary

(588 salaries)

₹1.8 L/yr - ₹7.5 L/yr

Deputy Manager Salary

(93 salaries)

₹3 L/yr - ₹8.9 L/yr

Chief Manager Salary

(12 salaries)

₹8.65 L/yr - ₹14.25 L/yr

Associate Vice President Salary

(AmbitionBox Estimate)

₹28.8 L/yr - ₹36.8 L/yr

Credit Analyst Salary

(4 salaries)

₹2.3 L/yr - ₹3.75 L/yr

Senior Associate Salary

(3 salaries)

₹2.5 L/yr - ₹4 L/yr

Credit Underwriter Salary

(3 salaries)

₹2.8 L/yr - ₹5.5 L/yr

Credit Manager Salary

(74 salaries)

₹3 L/yr - ₹7.2 L/yr

Officer Salary

(AmbitionBox Estimate)

₹1.9 L/yr - ₹2.4 L/yr

Salary related reviews for Muthoot Finance

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

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.

Skill development - Excellent

+4 more

Dislikes

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

Salary - Poor

see more salary related reviews

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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 State Head Credit Salary FAQs

What is the salary of State Head Credit at Muthoot Finance ?

The average salary of a State Head Credit at Muthoot Finance in India typically ranges from ₹10.0 Lakhs to ₹12.4 Lakhs per year, depending on experience (from 10 years to 18 years).

The top 10% of State Head Credit at Muthoot Finance earn more than ₹12.4 Lakhs per year, and the top 1% earn over ₹12.4 Lakhs per year. State Head Credit 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 4 Muthoot Finance employees in India.

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

The estimated take-home salary of a State Head Credit at Muthoot Finance in India typically ranges from ₹84,019 to ₹86,215 per month. This is based on the average salary range of ₹10.0 Lakhs to ₹12.4 Lakhs per year for employees with experience ranging from 10 years to 18 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 4 salaries received from various employees of Muthoot Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Muthoot Finance for State Head Credit in India?

Shriram Finance	₹21.0 Lakhs to ₹35.0 Lakhs per year
PNB Housing Finance	₹17.6 Lakhs to ₹33.3 Lakhs per year
Tata Capital Housing Finance	₹15.5 Lakhs to ₹24.0 Lakhs per year
Mahindra Rural Housing Finance	₹10.5 Lakhs to ₹26.0 Lakhs per year
SK Finance Limited	₹17.3 Lakhs to ₹20.0 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 State Head Credit in companies similar to Muthoot Finance in India?

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

IIFL Finance	₹14.0 Lakhs to ₹20.5 Lakhs per year
Poonawalla Fincorp	₹12.5 Lakhs to ₹18.0 Lakhs per year
Manappuram Finance	₹10.6 Lakhs to ₹14.1 Lakhs per year
John Deere Financial	₹9.5 Lakhs to ₹12.0 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 State Head Credit at Muthoot Finance in India?

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

Experience	Average Salary Range
10 years	₹9.0 Lakhs to ₹11.5 Lakhs per year
15 years	₹11.2 Lakhs to ₹14.3 Lakhs per year

and so on.

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Muthoot Finance State Head Credit Salaries

Muthoot Finance State Head Credit salary in India ranges between ₹10 Lakhs to ₹12.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Muthoot Finance latest salaries received from various employees of Muthoot Finance.

Muthoot Finance State Head Credit salaries in India

Companies similar to Muthoot Finance for State Head Credit

Latest annual salaries shared by Muthoot Finance State Head Credit

Experience wise Muthoot Finance State Head Credit salaries

Similar Designation salaries in Muthoot Finance

Salary related reviews for Muthoot Finance

Deputy Manager in Rae Bareli

Branch Manager in New Delhi

Deputy Manager in Bhubaneswar

Branch Manager in Bhubaneswar

Branch Manager in Bhuj

Muthoot Finance State Head Credit Salary FAQs

Tell us how to improve this page.