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Muthoot Fincorp Credit Manager salaries in Chennai (Updated 2025)

Annual salary range
2 - 11 years exp.
₹3.6 Lakhs - ₹6 Lakhs
Salary of majority employees
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41% less than the average Credit Manager Salary in NBFC Companies for 2 - 11 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

Finance & Accounting
Credit Manager Salary
2 - 11 years exp. (3 salaries)
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₹3.6 L/yr - ₹5.8 L/yr

BFSI, Investments & Trading
Credit Manager Salary
7 years exp. (AmbitionBox Estimate)
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₹5.4 L/yr - ₹6 L/yr

Customer Success, Service & Operations
Credit Manager Salary
8 years exp. (AmbitionBox Estimate)
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₹3.9 L/yr - ₹4.8 L/yr

Last Updated: 11 Jan 2025

Companies similar to Muthoot Fincorp for Credit Manager in Chennai

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Muthoot Fincorp Credit Manager Salary

2 - 11 years exp. (5 salaries)

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₹3.6 L/yr - ₹6 L/yr

vs
Company name Avg Annual Salary Open Jobs
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SMFG India Credit Credit Manager Salary

2 - 11 years exp. (16 salaries)

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₹3.2 L/yr - ₹10.5 L/yr

arrow icon 35% more
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Shriram Finance Credit Manager Salary

1 - 10 years exp. (11 salaries)

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₹2.2 L/yr - ₹8.2 L/yr

arrow icon 10% less
2 job openings
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Ugro Capital Credit Manager Salary

5 - 9 years exp. (8 salaries)

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₹5 L/yr - ₹9 L/yr

arrow icon 30% more
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Kotak Mahindra Prime Credit Manager Salary

2 - 8 years exp. (7 salaries)

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₹4.5 L/yr - ₹9.8 L/yr

arrow icon 65% more
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TVS Credit Credit Manager Salary

4 - 8 years exp. (6 salaries)

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₹3.9 L/yr - ₹8.5 L/yr

arrow icon 17% more
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Sundaram Finance Credit Manager Salary

1 - 9 years exp. (6 salaries)

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₹4.8 L/yr - ₹10 L/yr

arrow icon 49% more
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₹5.6 L/yr - ₹9 L/yr

arrow icon 55% more
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PNB Housing Finance Credit Manager Salary

5 - 12 years exp. (4 salaries)

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₹7.6 L/yr - ₹10.3 L/yr

arrow icon 91% more
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Mahindra Finance Credit Manager Salary

5 - 13 years exp. (4 salaries)

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₹5.4 L/yr - ₹12 L/yr

arrow icon 73% more
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L&T Finance Credit Manager Salary

2 - 10 years exp. (4 salaries)

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₹4.8 L/yr - ₹9.8 L/yr

arrow icon 69% more
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Muthoot Finance Credit Manager Salary

2 - 5 years exp. (4 salaries)

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₹3.5 L/yr - ₹5.2 L/yr

arrow icon 6% less
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Poonawalla Fincorp Credit Manager Salary

1 - 5 years exp. (4 salaries)

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₹5 L/yr - ₹7.6 L/yr

arrow icon 46% 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.

Latest annual salaries shared by Muthoot Fincorp Credit Manager in Chennai

2mo ago
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11 years exp.
4mo ago
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2 years exp.
6mo ago
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5 years exp.

Experience wise Muthoot Fincorp Credit Manager salaries in Chennai

Last Updated: 11 Jan 2025

Experience Avg Annual Salary
2 years (AmbitionBox Estimate)

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₹4 L/yr - ₹5.2 L/yr
3 years (AmbitionBox Estimate)

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₹4.1 L/yr - ₹5.3 L/yr
4 years (AmbitionBox Estimate)

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₹4.2 L/yr - ₹5.4 L/yr
5 years (AmbitionBox Estimate)

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₹4.3 L/yr - ₹5.5 L/yr
6 years (AmbitionBox Estimate)

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₹4.4 L/yr - ₹5.6 L/yr
View all

Similar Designation salaries in Muthoot Fincorp

Branch Manager Salary
(82 salaries)
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₹2.2 L/yr - ₹6 L/yr
Deputy Manager Salary
(13 salaries)
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₹3.7 L/yr - ₹6.8 L/yr
Credit Officer Salary
(8 salaries)
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₹1.3 L/yr - ₹4 L/yr
Sales Manager Salary
(5 salaries)
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₹4.3 L/yr - ₹6 L/yr
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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

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.

read more

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.

read more
  • Salary - Good
  • +6 more

Dislikes

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

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.

read more
  • Salary - Poor

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.

read more
  • 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.

read more

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

read more
  • Salary - Good
  • +6 more

Dislikes

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

read more
see more salary related reviews

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Muthoot Fincorp Credit Manager Salary FAQs

What is the salary of Credit Manager at Muthoot Fincorp in Chennai?
The average salary of a Credit Manager at Muthoot Fincorp in Chennai typically ranges from ₹3.6 Lakhs to ₹6.0 Lakhs per year, depending on experience (from 2 years to 11 years).

The top 10% of Credit Manager in Chennai at Muthoot Fincorp earn more than ₹6.0 Lakhs per year, and the top 1% earn over ₹6.0 Lakhs per year. Credit Manager Salaries at Muthoot Fincorp 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 5 Muthoot Fincorp employees in India.
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 in Chennai typically ranges from ₹36,474 to ₹37,692 per month. This is based on the average salary range of ₹3.6 Lakhs to ₹6.0 Lakhs per year for employees with experience ranging from 2 years to 11 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 5 salaries received from various employees of Muthoot Fincorp. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Credit Manager at Muthoot Fincorp in Chennai?
To be a Credit Manager at Muthoot Fincorp in Chennai, the key skills required include:

  • - Team Handling
  • - Loan Origination
  • - Medical Underwriting
  • - Credit Management
  • - Credit Management

These skills are highly valued at Muthoot Fincorp and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than Muthoot Fincorp for Credit Manager in India?
PNB Housing Finance ₹7.6 Lakhs to ₹10.3 Lakhs per year
Mahindra Finance ₹5.4 Lakhs to ₹12.0 Lakhs per year
L&T Finance ₹4.8 Lakhs to ₹9.8 Lakhs per year
Kotak Mahindra Prime ₹4.5 Lakhs to ₹9.8 Lakhs per year
Tata Capital Housing Finance ₹5.6 Lakhs to ₹9.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Muthoot Fincorp, depending on the role and experience level.
What is the salary of a Credit Manager in companies similar to Muthoot Fincorp in Chennai?
The salary of a Credit Manager at companies similar to Muthoot Fincorp in Chennai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Sundaram Finance ₹4.8 Lakhs to ₹10.0 Lakhs per year
Poonawalla Fincorp ₹5.0 Lakhs to ₹7.6 Lakhs per year
SMFG India Credit ₹3.2 Lakhs to ₹10.5 Lakhs per year
Ugro Capital ₹5.0 Lakhs to ₹9.0 Lakhs per year
TVS Credit ₹3.9 Lakhs to ₹8.5 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 Credit Manager at Muthoot Fincorp in Chennai?
The salary growth for a Credit Manager at Muthoot Fincorp in Chennai depends on factors such as experience, performance, and promotions. On average, a Credit Manager in Chennai can expect the following growth trajectory at Muthoot Fincorp:

Experience Average Salary Range
2 years ₹4.0 Lakhs to ₹5.2 Lakhs per year
3 years ₹4.1 Lakhs to ₹5.3 Lakhs per year
4 years ₹4.2 Lakhs to ₹5.4 Lakhs per year
5 years ₹4.3 Lakhs to ₹5.5 Lakhs per year
and so on.

Tell us how to improve this page.

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