Muthoot Fincorp Area Credit Manager Salaries by 7 Employees (Updated 2025)

2 - 11 years exp.

₹2.2 Lakhs - ₹9 Lakhs

Low Confidence

Salary of majority employees

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47% less than the average Area Credit Manager Salary in NBFC Companies for 2 - 11 years of experience

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Salaries in different departments

Finance & Accounting Area Credit Manager Salary 2 - 10 years exp. (3 salaries)	Unlock ₹2.5 L/yr - ₹9 L/yr
BFSI, Investments & Trading Area Credit Manager Salary 4 - 6 years exp. (AmbitionBox Estimate)	Unlock ₹2.2 L/yr - ₹6.5 L/yr
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Risk Management & Compliance Area Credit Manager Salary 10 - 11 years exp. (AmbitionBox Estimate)	Unlock ₹7.9 L/yr - ₹10.9 L/yr

Last Updated: 16 Mar 2023

Companies similar to Muthoot Fincorp for Area Credit Manager

Company name	Avg Annual Salary	Open Jobs
Bajaj Finance Area Credit Manager Salary 3 - 12 years exp. (86 salaries)	Unlock ₹4.4 L/yr - ₹16.7 L/yr 51% more
Shriram Finance Area Credit Manager Salary 5 - 13 years exp. (21 salaries)	Unlock ₹9.5 L/yr - ₹21 L/yr 131% more
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Mahindra Finance Area Credit Manager Salary 7 - 16 years exp. (7 salaries)	Unlock ₹5.5 L/yr - ₹14 L/yr 52% more
Cholamandalam Investment & Finance Area Credit Manager Salary 6 - 16 years exp. (249 salaries)	Unlock ₹6 L/yr - ₹20 L/yr 94% more
L&T Finance Area Credit Manager Salary 4 - 13 years exp. (130 salaries)	Unlock ₹6 L/yr - ₹20 L/yr 113% more
HDB Financial Services Area Credit Manager Salary 5 - 18 years exp. (225 salaries)	Unlock ₹6.1 L/yr - ₹17.5 L/yr 75% more
Reliance Capital Area Credit Manager Salary 6 - 14 years exp. (7 salaries)	Unlock ₹8.9 L/yr - ₹19 L/yr 145% more
Edelweiss Area Credit Manager Salary 3 - 11 years exp. (40 salaries)	Unlock ₹7.3 L/yr - ₹19 L/yr 77% more
Tata Capital Area Credit Manager Salary 1 - 14 years exp. (142 salaries)	Unlock ₹8 L/yr - ₹27.4 L/yr 170% more	6 job openings
Poonawalla Fincorp Area Credit Manager Salary 2 - 13 years exp. (224 salaries)	Unlock ₹4.7 L/yr - ₹19.5 L/yr 79% more
Aavas Financiers Area Credit Manager Salary 4 - 16 years exp. (84 salaries)	Unlock ₹5 L/yr - ₹14 L/yr 52% more	1 job opening
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PNB Housing Finance Area Credit Manager Salary 5 - 10 years exp. (51 salaries)	Unlock ₹9 L/yr - ₹22 L/yr 146% more
Sammaan Capital Limited Area Credit Manager Salary 4 - 15 years exp. (48 salaries)	Unlock ₹5.9 L/yr - ₹14.1 L/yr 60% more
SMFG India Credit Area Credit Manager Salary 5 - 14 years exp. (41 salaries)	Unlock ₹6 L/yr - ₹23.7 L/yr 127% more
Mahindra Rural Housing Finance Area Credit Manager Salary 6 - 18 years exp. (38 salaries)	Unlock ₹5.6 L/yr - ₹14.8 L/yr 45% more
IIFL Finance Area Credit Manager Salary 3 - 11 years exp. (32 salaries)	Unlock ₹5.2 L/yr - ₹19.2 L/yr 70% more
Capri Global Capital Area Credit Manager Salary 5 - 15 years exp. (28 salaries)	Unlock ₹7.5 L/yr - ₹12 L/yr 52% more
Muthoot Microfin Area Credit Manager Salary 2 - 8 years exp. (28 salaries)	Unlock ₹2 L/yr - ₹5.5 L/yr 39% less
SK Finance Limited Area Credit Manager Salary 6 - 13 years exp. (25 salaries)	Unlock ₹4.8 L/yr - ₹9 L/yr 17% more
Tata Capital Housing Finance Area Credit Manager Salary 4 - 14 years exp. (20 salaries)	Unlock ₹11 L/yr - ₹20.7 L/yr 148% more

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Area Credit Manager salary at Muthoot Fincorp ranges between ₹2.2 Lakhs to ₹9 Lakhs per year for employees with experience between 2 years to 11 years. Salary estimates are based on 7 latest salaries received from various employees of Muthoot Fincorp.

Experience wise Muthoot Fincorp Area Credit Manager salaries

Last Updated: 16 Mar 2023

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	Unlock ₹2.5 L/yr - ₹9.6 L/yr
3 years (AmbitionBox Estimate)	Unlock ₹5 L/yr - ₹6.4 L/yr
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4 years (AmbitionBox Estimate)	Unlock ₹2.2 L/yr - ₹10.4 L/yr
5 years (AmbitionBox Estimate)	Unlock ₹5.4 L/yr - ₹6.9 L/yr
6 years (AmbitionBox Estimate)	Unlock ₹2.5 L/yr - ₹6.5 L/yr
7 years (AmbitionBox Estimate)	Unlock ₹5.8 L/yr - ₹7.4 L/yr
8 years (AmbitionBox Estimate)	Unlock ₹2.6 L/yr - ₹9 L/yr
9 years (AmbitionBox Estimate)	Unlock ₹6.1 L/yr - ₹7.8 L/yr
10 years (AmbitionBox Estimate)	Unlock ₹2.8 L/yr - ₹9 L/yr
11 years (AmbitionBox Estimate)	Unlock ₹2.9 L/yr - ₹7.9 L/yr

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Salary related reviews for Muthoot Fincorp

3.0

Rated by 1 employees for salary & benefits

Branch Manager in Agra

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 22 Nov 2024

3.0

for Salary and Benefits

Likes

Fix office timing and supportive staff

Skill development - Good

+1 more

Dislikes

... business targets, fostering customer relationships, and mentoring team members. However, I wish to highlight a concern regarding the disparity in salary increments and promotion benefits between vintage staff and newly recruited employees. Over the years, I have observed that long-serving employees, despite their proven track records and dedication, often receive comparatively modest increments during promotions. In contrast, newly recruited staff members are offered higher starting salaries and enjoy more substantial increments as they progress. This practice can sometimes lead to feelings of undervaluation among vintage staff, who have consistently demonstrated loyalty, expertise, and a deep understanding of the organization’s values and processes. It may also impact overall motivation and morale, as the efforts of long-term employees appear to be less recognized in monetary terms compared to newcomers. I believe Muthoot Fincorp values its employees and strives for fairness in its policies. Therefore, I would like to suggest that the organization considers implementing a more balanced approach to increments and promotions, taking into account both tenure and performance. This would not only enhance the morale of long-serving employees but also reinforce their commitment to the company's continued success. Thank you for providing this platform to share feedback. I trust that the management will give due consideration to this matter and take steps to ensure a fair and equitable workplace for all.

Branch Manager in Patna

Full Time

Sales & Business Development Department

4.0

• posted on 07 Nov 2024

4.0

for Salary and Benefits

Likes

Work environment is good. Work life balance is good. Salary is satisfying and seniors are supportive. Best for career oriented person.

Salary - Good

+6 more

Dislikes

Monday to Saturday office. Less festival leave like in deepawali and chath pooja.

Branch Manager in New Delhi

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 07 Nov 2024

2.0

for Salary and Benefits

Likes

MFL is giving opportunities to show your hidden talent like blue waves

Skill development - Excellent

+4 more

Dislikes

Salary structure is not good , i am working since 2015 but there is no enhancement like other NBFC nd Bank 's salary structure.no advantage for vintage staff even new staff getting nyc salary package.

Salary - Poor

Branch Manager in Sulur

Full Time

Other Department

4.0

• posted on 02 Sep 2024

4.0

for Salary and Benefits

Likes

Salary COVID period also credited on time.public service low interest launch in every year for the new customer.new customer gifts we are providing mostly.

Salary - Good

+6 more

Dislikes

COVID period I am pregnancy in 8th month.that time I am suffer COVID symptom.but they are not even given a single day leave. I manage and put a hard work in that time.no increment my survey period.

Branch Manager in Kothagudem

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 02 Apr 2020

4.0

for Salary and Benefits

Likes

It's a family feeling while working with our company. we are receiving calls from our higher officers and this time not for targets but asking about health conditions and suggesting about precautions to be taken.. Feeling good

Salary - Good

+6 more

Dislikes

Nothing, but ya little disappointment about salary increments. Of course it's based on performance even though.....

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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... read more

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Muthoot Fincorp Area Credit Manager Salary FAQs

What is the salary of Area Credit Manager at Muthoot Fincorp?

Area Credit Manager salary at Muthoot Fincorp in India ranges between ₹2.2 Lakhs to ₹9.0 Lakhs for experience between 2 years to 11 years. According to our estimates it is 47% less than the average Area Credit Manager Salary in India. Salary estimates are based on 7 latest salaries received from various employees of Muthoot Fincorp India.

How does the salary of a Area Credit Manager at Muthoot Fincorp India compare with the average salary range for this job?

The average salary of a Area Credit Manager at Muthoot Fincorp is 47% less than the average salary of a Area Credit Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than Muthoot Fincorp to a Area Credit Manager in India?

Tata Capital Area Credit Manager Salary - ₹8.0 Lakhs to ₹27.4 Lakhs per year
Tata Capital Housing Finance Area Credit Manager Salary - ₹11.0 Lakhs to ₹20.7 Lakhs per year
PNB Housing Finance Area Credit Manager Salary - ₹9.0 Lakhs to ₹22.0 Lakhs per year
Reliance Capital Area Credit Manager Salary - ₹8.9 Lakhs to ₹19.0 Lakhs per year
Shriram Finance Area Credit Manager Salary - ₹9.5 Lakhs to ₹21.0 Lakhs per year

What is the salary of a Area Credit Manager in companies similar to Muthoot Fincorp in India?

SMFG India Credit Area Credit Manager Salary - ₹6.0 Lakhs to ₹23.7 Lakhs per year
L&T Finance Area Credit Manager Salary - ₹6.0 Lakhs to ₹20.0 Lakhs per year
Kotak Mahindra Prime Area Credit Manager Salary - ₹7.0 Lakhs to ₹15.3 Lakhs per year
Cholamandalam Investment & Finance Area Credit Manager Salary - ₹6.0 Lakhs to ₹20.0 Lakhs per year
Poonawalla Fincorp Area Credit Manager Salary - ₹4.7 Lakhs to ₹19.5 Lakhs per year

What is the estimated take home salary of a Area Credit Manager at Muthoot Fincorp in India?

The estimated take-home salary of a Area Credit Manager at Muthoot Fincorp ranges between ₹47,894 per month to ₹49,028 per month in India. The take-home salary calculation is based on the average Muthoot Fincorp Area Credit Manager salary in India which ranges between ₹2.2 Lakhs to ₹9.0 Lakhs per year for employees with experience between 2 years to 11 years. Check how did we calculate take home salary?

What is the notice period for Area Credit Manager at Muthoot Fincorp?

According to AmbitionBox, 100% of the Muthoot Fincorp Area Credit Managers reported a notice period of 2 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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Muthoot Fincorp Area Credit Manager Salaries by Location

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Muthoot Fincorp Area Credit Manager Salaries

Muthoot Fincorp Area Credit Manager salary in India ranges between ₹2.2 Lakhs to ₹9 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Muthoot Fincorp latest salaries received from various employees of Muthoot Fincorp.