Muthoot Fincorp Chennai Credit Manager Salaries by 5 Employees (Updated 2025)

2 - 11 years exp.

₹3.6 Lakhs - ₹6 Lakhs

Salary of majority employees

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40% less than the average Credit Manager Salary in NBFC Companies for 2 - 11 years of experience

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Salaries in different departments

Finance & Accounting Credit Manager Salary 2 - 11 years exp. (3 salaries)	Unlock ₹3.6 L/yr - ₹5.8 L/yr
BFSI, Investments & Trading Credit Manager Salary 7 years exp. (AmbitionBox Estimate)	Unlock ₹5.4 L/yr - ₹6 L/yr
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Customer Success, Service & Operations Credit Manager Salary 8 years exp. (AmbitionBox Estimate)	Unlock ₹3.9 L/yr - ₹4.9 L/yr

Last Updated: 11 Jan 2025

Companies similar to Muthoot Fincorp for Credit Manager in Chennai

Muthoot Fincorp Credit Manager Salary

2 - 11 years exp. (5 salaries)

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₹3.6 L/yr - ₹6 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Credit Manager Salary 0 - 11 years exp. (177 salaries)	Unlock ₹2 L/yr - ₹11.7 L/yr 36% more	3 job openings
ICICI Bank Credit Manager Salary 0 - 11 years exp. (168 salaries)	Unlock ₹3.8 L/yr - ₹15 L/yr 87% more
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Axis Bank Credit Manager Salary 0 - 12 years exp. (46 salaries)	Unlock ₹4 L/yr - ₹14 L/yr 89% more
Kotak Mahindra Bank Credit Manager Salary 0 - 9 years exp. (37 salaries)	Unlock ₹4 L/yr - ₹13.2 L/yr 89% more
HDB Financial Services Credit Manager Salary 0 - 11 years exp. (65 salaries)	Unlock ₹2.5 L/yr - ₹9 L/yr 3% less	1 job opening
SMFG India Credit Credit Manager Salary 2 - 13 years exp. (17 salaries)	Unlock ₹3.2 L/yr - ₹10.5 L/yr 35% more
Tata Capital Credit Manager Salary 0 - 11 years exp. (12 salaries)	Unlock ₹5 L/yr - ₹11.5 L/yr 54% more	7 job openings
Shriram Finance Credit Manager Salary 1 - 10 years exp. (11 salaries)	Unlock ₹2.2 L/yr - ₹8.2 L/yr 10% less	2 job openings
Edelweiss Credit Manager Salary 0 - 8 years exp. (10 salaries)	Unlock ₹5.5 L/yr - ₹12 L/yr 49% more
Cholamandalam Investment & Finance Credit Manager Salary 4 - 13 years exp. (9 salaries)	Unlock ₹3.8 L/yr - ₹10.1 L/yr 46% more
Kotak Mahindra Prime Credit Manager Salary 2 - 8 years exp. (7 salaries)	Unlock ₹4.5 L/yr - ₹9.8 L/yr 37% more
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TVS Credit Credit Manager Salary 4 - 9 years exp. (7 salaries)	Unlock ₹3.9 L/yr - ₹9.5 L/yr 18% more
Sundaram Finance Credit Manager Salary 1 - 8 years exp. (6 salaries)	Unlock ₹4.8 L/yr - ₹11.2 L/yr 72% more	1 job opening
Tata Capital Housing Finance Credit Manager Salary 6 - 8 years exp. (5 salaries)	Unlock ₹5.6 L/yr - ₹9 L/yr 56% more
PNB Housing Finance Credit Manager Salary 5 - 12 years exp. (4 salaries)	Unlock ₹7 L/yr - ₹10.3 L/yr 85% more
Mahindra Finance Credit Manager Salary 5 - 13 years exp. (4 salaries)	Unlock ₹5.4 L/yr - ₹12 L/yr 43% more
Muthoot Finance Credit Manager Salary 2 - 5 years exp. (4 salaries)	Unlock ₹3.5 L/yr - ₹5.6 L/yr 2% less	1 job opening
Poonawalla Fincorp Credit Manager Salary 1 - 5 years exp. (4 salaries)	Unlock ₹5 L/yr - ₹7.1 L/yr 34% more
L&T Finance Credit Manager Salary 2 - 5 years exp. (3 salaries)	Unlock ₹4.8 L/yr - ₹9 L/yr 65% more

Credit Manager salary at Muthoot Fincorp ranges between ₹3.6 Lakhs to ₹6 Lakhs per year for employees with experience between 2 years to 11 years. Salary estimates are based on 5 latest salaries received from various employees of Muthoot Fincorp.

Experience wise Muthoot Fincorp Credit Manager salaries in Chennai

Last Updated: 11 Jan 2025

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	Unlock ₹3.6 L/yr - ₹8.1 L/yr
3 years (AmbitionBox Estimate)	Unlock ₹4.1 L/yr - ₹5.3 L/yr
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4 years (AmbitionBox Estimate)	Unlock ₹4.2 L/yr - ₹5.4 L/yr
5 years (AmbitionBox Estimate)	Unlock ₹3.9 L/yr - ₹8.7 L/yr
6 years (AmbitionBox Estimate)	Unlock ₹4.4 L/yr - ₹5.7 L/yr
7 years (AmbitionBox Estimate)	Unlock ₹2 L/yr - ₹6 L/yr
8 years (AmbitionBox Estimate)	Unlock ₹3.9 L/yr - ₹9.3 L/yr
9 years (AmbitionBox Estimate)	Unlock ₹4.7 L/yr - ₹6 L/yr
10 years (AmbitionBox Estimate)	Unlock ₹4.8 L/yr - ₹6.2 L/yr
11 years (AmbitionBox Estimate)	Unlock ₹2.2 L/yr - ₹5.8 L/yr

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Similar Designation salaries in Muthoot Fincorp

Branch Manager Salary

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₹2.2 L/yr - ₹5.5 L/yr

Deputy Manager Salary

(12 salaries)

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₹3.7 L/yr - ₹6.8 L/yr

Credit Officer Salary

(7 salaries)

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₹2.05 L/yr - ₹4 L/yr

Sales Manager Salary

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₹4.3 L/yr - ₹6 L/yr

Zonal Credit Manager Salary

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₹26.5 L/yr - ₹28.5 L/yr

Top skills at Muthoot Fincorp for Credit Manager

Team Handling Loan Origination Medical Underwriting Credit Management Credit Management Credit Risk Credit Rating Disbursement Credit Credit Underwriting Credit Risk Management Business Loan Credit Research Credit Risk Analysis Credit Assessment

Salary related reviews for Muthoot Fincorp

4.0

Rated by 2 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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Salary Discussions, Hike & Promotions

2w (edited)

an associate vice president

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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 Credit Manager Salary FAQs

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

Credit Manager salary at Muthoot Fincorp in Chennai ranges between ₹3.6 Lakhs to ₹6.0 Lakhs for experience between 2 years to 11 years. According to our estimates it is 40% less than the average Credit Manager Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Muthoot Fincorp Chennai.

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

The average salary of a Credit Manager at Muthoot Fincorp is 40% less than the average salary of a Credit Manager in Chennai. To know exact salary insights, login to view.

What are the top skills required to work as a Credit Manager at Muthoot Fincorp?

Team Handling, Loan Origination, Medical Underwriting, Credit Management and Credit Management are some of the popular skills required to work as a Credit Manager at Muthoot Fincorp Chennai.

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

Kotak Mahindra Bank Credit Manager Salary - ₹4.0 Lakhs to ₹13.2 Lakhs per year
Axis Bank Credit Manager Salary - ₹4.0 Lakhs to ₹14.0 Lakhs per year
ICICI Bank Credit Manager Salary - ₹3.8 Lakhs to ₹15.0 Lakhs per year
PNB Housing Finance Credit Manager Salary - ₹7.0 Lakhs to ₹10.3 Lakhs per year
Sundaram Finance Credit Manager Salary - ₹4.8 Lakhs to ₹11.2 Lakhs per year

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

L&T Finance Credit Manager Salary - ₹4.8 Lakhs to ₹9.0 Lakhs per year
Tata Capital Housing Finance Credit Manager Salary - ₹5.6 Lakhs to ₹9.0 Lakhs per year
Tata Capital Credit Manager Salary - ₹5.0 Lakhs to ₹11.5 Lakhs per year
Edelweiss Credit Manager Salary - ₹5.5 Lakhs to ₹12.0 Lakhs per year
Cholamandalam Investment & Finance Credit Manager Salary - ₹3.8 Lakhs to ₹10.1 Lakhs per year

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

The estimated take-home salary of a Credit Manager at Muthoot Fincorp ranges between ₹36,971 per month to ₹38,181 per month in Chennai. The take-home salary calculation is based on the average Muthoot Fincorp Credit Manager salary in India which ranges between ₹3.6 Lakhs to ₹6.0 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 Credit Manager at Muthoot Fincorp in Chennai?

According to AmbitionBox, 60% of the Muthoot Fincorp Credit Managers in Chennai reported a notice period of 3 Months, 20% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 5 responses on AmbitionBox in last 2 years.

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Muthoot Fincorp Credit Manager Salaries in Chennai

Muthoot Fincorp Credit Manager salary in Chennai ranges between ₹3.6 Lakhs to ₹6 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Muthoot Fincorp latest salaries received from various employees of Muthoot Fincorp.