Muthoot Fincorp Credit Officer Salaries by 100+ Employees (Updated 2025)

0 - 6 years exp.

₹1.7 Lakh - ₹4 Lakhs

Salary of majority employees

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21% less than the average Credit Officer Salary in NBFC Companies for 0 - 6 years of experience

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Salaries in different departments

BFSI, Investments & Trading Credit Officer Salary 0 - 6 years exp. (53 salaries)	Unlock ₹1.7 L/yr - ₹3.8 L/yr
Finance & Accounting Credit Officer Salary 0 - 6 years exp. (45 salaries)	Unlock ₹1.8 L/yr - ₹4 L/yr
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Customer Success, Service & Operations Credit Officer Salary 0 - 6 years exp. (19 salaries)	Unlock ₹2 L/yr - ₹3.5 L/yr
Sales & Business Development Credit Officer Salary 2 - 6 years exp. (4 salaries)	Unlock ₹2.7 L/yr - ₹3 L/yr
Marketing & Communication Credit Officer Salary 2 - 4 years exp. (3 salaries)	Unlock ₹2.7 L/yr - ₹3 L/yr

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Last Updated: 10 Feb 2025

Companies similar to Muthoot Fincorp for Credit Officer

Company name	Avg Annual Salary	Open Jobs
Bajaj Finance Credit Officer Salary 0 - 5 years exp. (38 salaries)	Unlock ₹1.9 L/yr - ₹5.5 L/yr 24% more
HDFC Bank Credit Officer Salary 1 - 8 years exp. (252 salaries)	Unlock ₹1.2 L/yr - ₹4 L/yr 10% less
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ICICI Bank Credit Officer Salary 0 - 6 years exp. (118 salaries)	Unlock ₹1.2 L/yr - ₹4.7 L/yr 11% less
Axis Bank Credit Officer Salary 0 - 6 years exp. (175 salaries)	Unlock ₹1.2 L/yr - ₹6.8 L/yr 28% more	1 job opening
Kotak Mahindra Bank Credit Officer Salary 1 - 6 years exp. (96 salaries)	Unlock ₹1.5 L/yr - ₹4.5 L/yr 6% less
Edelweiss Credit Officer Salary 0 - 9 years exp. (225 salaries)	Unlock ₹2 L/yr - ₹4.5 L/yr 19% more
Mahindra Rural Housing Finance Credit Officer Salary 0 - 6 years exp. (199 salaries)	Unlock ₹1.2 L/yr - ₹4 L/yr 5% less
Shriram Finance Credit Officer Salary 0 - 9 years exp. (170 salaries)	Unlock ₹1.2 L/yr - ₹4.5 L/yr 5% less
Sammaan Capital Limited Credit Officer Salary 0 - 6 years exp. (136 salaries)	Unlock ₹1.7 L/yr - ₹3.8 L/yr 1% more
HDB Financial Services Credit Officer Salary 1 - 7 years exp. (122 salaries)	Unlock ₹1.1 L/yr - ₹4.1 L/yr 4% less
Cholamandalam Investment & Finance Credit Officer Salary 0 - 8 years exp. (131 salaries)	Unlock ₹1.7 L/yr - ₹4 L/yr 1% more
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SMFG India Credit Credit Officer Salary 0 - 7 years exp. (99 salaries)	Unlock ₹1.6 L/yr - ₹4.5 L/yr 5% more
Muthoot Microfin Credit Officer Salary 0 - 6 years exp. (69 salaries)	Unlock ₹1.4 L/yr - ₹2.7 L/yr 29% less
IIFL Finance Credit Officer Salary 1 - 7 years exp. (56 salaries)	Unlock ₹1.4 L/yr - ₹4.2 L/yr 2% more
Aavas Financiers Credit Officer Salary 1 - 5 years exp. (52 salaries)	Unlock ₹1.2 L/yr - ₹4.5 L/yr 9% more	1 job opening
SK Finance Limited Credit Officer Salary 1 - 6 years exp. (47 salaries)	Unlock ₹1.6 L/yr - ₹4.5 L/yr 7% more
L&T Finance Credit Officer Salary 1 - 6 years exp. (46 salaries)	Unlock ₹1.8 L/yr - ₹4 L/yr 18% more
Capri Global Capital Credit Officer Salary 0 - 6 years exp. (42 salaries)	Unlock ₹1.5 L/yr - ₹3.7 L/yr 5% less
Spandana Sphoorty Financial Credit Officer Salary 0 - 5 years exp. (36 salaries)	Unlock ₹1 L/yr - ₹3.5 L/yr 23% less
Mahindra Finance Credit Officer Salary 0 - 7 years exp. (33 salaries)	Unlock ₹1.5 L/yr - ₹3.6 L/yr 8% less

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Credit Officer salary at Muthoot Fincorp ranges between ₹1.7 Lakh to ₹4 Lakhs per year for employees with less than 1 year of experience to 6 years. Salary estimates are based on 162 latest salaries received from various employees of Muthoot Fincorp.

Latest annual salaries shared by Muthoot Fincorp Credit Officer

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4 years exp.

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1 year exp.

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5 months exp.

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6 years exp.

1mo ago

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4 years exp.

1mo ago

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2 years exp.

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3 years exp.

1mo ago

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3 years exp.

2mo ago

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4 years exp.

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6 years exp.

Experience wise Muthoot Fincorp Credit Officer salaries

Last Updated: 10 Feb 2025

Experience	Avg Annual Salary
Fresher (12 salaries)	Unlock ₹2 L/yr - ₹3.2 L/yr
1 year (21 salaries)	Unlock ₹1.8 L/yr - ₹3.5 L/yr
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2 years (26 salaries)	Unlock ₹1.7 L/yr - ₹3.5 L/yr
3 years (43 salaries)	Unlock ₹1.8 L/yr - ₹3.3 L/yr
4 years (31 salaries)	Unlock ₹1.8 L/yr - ₹3.5 L/yr
5 years (19 salaries)	Unlock ₹1.9 L/yr - ₹4 L/yr
6 years (10 salaries)	Unlock ₹2.7 L/yr - ₹3.6 L/yr

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Similar Designation salaries in Muthoot Fincorp

Credit Manager Salary

(40 salaries)

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₹3 L/yr - ₹8.75 L/yr

Sales Officer Salary

(22 salaries)

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₹1.45 L/yr - ₹3.21 L/yr

Credit Analyst Salary

(4 salaries)

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₹2.3 L/yr - ₹4.6 L/yr

Senior Credit Officer Salary

(3 salaries)

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₹2.9 L/yr - ₹3.6 L/yr

Officer Salary

(6 salaries)

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₹2.05 L/yr - ₹3.2 L/yr

Credit Executive Salary

(4 salaries)

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₹1.7 L/yr - ₹3.5 L/yr

Area Credit Manager Salary

(7 salaries)

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₹2.2 L/yr - ₹9 L/yr

Branch Manager Salary

(731 salaries)

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₹1.25 L/yr - ₹6.35 L/yr

Deputy Manager Salary

(65 salaries)

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₹2.75 L/yr - ₹7.9 L/yr

Chief Manager Salary

(AmbitionBox Estimate)

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₹8.4 L/yr - ₹10.7 L/yr

Top skills at Muthoot Fincorp for Credit Officer

Credit Appraisal Credit Management Microfinance Cash Collection Credit Credit Monitoring Credit Assessment Credit Collection

Salary related reviews for Muthoot Fincorp

4.1

Rated by 75 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

1w (edited)

an associate vice president

Offer Accepted

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 Officer Salary FAQs

What is the salary of Credit Officer at Muthoot Fincorp?

Credit Officer salary at Muthoot Fincorp in India ranges between ₹1.7 Lakhs to ₹4.0 Lakhs for less than 1 year of experience to 6 years. According to our estimates it is 21% less than the average Credit Officer Salary in India. Salary estimates are based on 162 latest salaries received from various employees of Muthoot Fincorp India.

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

The average salary of a Credit Officer at Muthoot Fincorp is 21% less than the average salary of a Credit Officer in India. To know exact salary insights, login to view.

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

Credit Appraisal, Credit Management, Microfinance, Cash Collection and Credit are some of the popular skills required to work as a Credit Officer at Muthoot Fincorp India.

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

Bharat Financial Inclusion Credit Officer Salary - ₹3.0 Lakhs to ₹6.5 Lakhs per year
Axis Bank Credit Officer Salary - ₹1.2 Lakhs to ₹6.8 Lakhs per year
Bajaj Finance Credit Officer Salary - ₹1.9 Lakhs to ₹5.5 Lakhs per year
Tata Capital Housing Finance Credit Officer Salary - ₹3.0 Lakhs to ₹3.8 Lakhs per year
Edelweiss Credit Officer Salary - ₹2.0 Lakhs to ₹4.5 Lakhs per year

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

L&T Finance Credit Officer Salary - ₹1.8 Lakhs to ₹4.0 Lakhs per year
Tata Capital Credit Officer Salary - ₹2.5 Lakhs to ₹5.0 Lakhs per year
Manappuram Finance Credit Officer Salary - ₹2.2 Lakhs to ₹4.5 Lakhs per year
Poonawalla Fincorp Credit Officer Salary - ₹2.4 Lakhs to ₹3.5 Lakhs per year
Aavas Financiers Credit Officer Salary - ₹1.2 Lakhs to ₹4.5 Lakhs per year

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

The estimated take-home salary of a Credit Officer at Muthoot Fincorp ranges between ₹20,292 per month to ₹21,951 per month in India. The take-home salary calculation is based on the average Muthoot Fincorp Credit Officer salary in India which ranges between ₹1.7 Lakhs to ₹4.0 Lakhs per year for employees with less than 1 year of experience to 6 years. Check how did we calculate take home salary?

What is the notice period for Credit Officer at Muthoot Fincorp?

According to AmbitionBox, 61% of the Muthoot Fincorp Credit Officers reported a notice period of 2 Months, 24% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 124 responses on AmbitionBox in last 2 years.

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Muthoot Fincorp Credit Officer Salaries by Location

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Muthoot Fincorp Credit Officer Salaries

Muthoot Fincorp Credit Officer salary in India ranges between ₹1.7 Lakh to ₹4 Lakhs with an average annual salary of ₹. Salary estimates are based on 162 Muthoot Fincorp latest salaries received from various employees of Muthoot Fincorp.

Muthoot Fincorp Credit Officer salaries in India (Updated 2025)

Companies similar to Muthoot Fincorp for Credit Officer

Latest annual salaries shared by Muthoot Fincorp Credit Officer

Experience wise Muthoot Fincorp Credit Officer salaries

Similar Designation salaries in Muthoot Fincorp

Top skills at Muthoot Fincorp for Credit Officer

Salary related reviews for Muthoot Fincorp

Branch Manager in Agra

Branch Manager in Patna

Branch Manager in New Delhi

Branch Manager in Sulur

Branch Manager in Kothagudem

Muthoot Fincorp Credit Officer Salary FAQs

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Muthoot Fincorp Credit Officer Salaries by Location