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Muthoot Fincorp Credit Officer salaries in Nagpur

Annual salary range
3 - 6 years exp.
₹2.2 Lakhs - ₹4 Lakhs
Salary of majority employees
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24% less than the average Credit Officer Salary in NBFC Companies for 3 - 6 years of experience

Interested in this particular role?

Last Updated: 16 Mar 2023

Companies similar to Muthoot Fincorp for Credit Officer in Nagpur

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Muthoot Fincorp Credit Officer Salary

3 - 6 years exp. (5 salaries)

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₹2.2 L/yr - ₹4 L/yr

vs
Company name Avg Annual Salary Open Jobs
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Shriram Finance Credit Officer Salary

4 - 7 years exp. (6 salaries)

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₹1.8 L/yr - ₹3.2 L/yr

arrow icon 3% less
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₹1.9 L/yr - ₹3.3 L/yr

arrow icon 4% less
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MAS Financial Services Credit Officer Salary

5 - 6 years exp. (3 salaries)

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₹2.6 L/yr - ₹4.6 L/yr

arrow icon 19% more
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₹1.5 L/yr - ₹3 L/yr

arrow icon 6% less
5 job openings
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Berar Finance Credit Officer Salary

0 - 7 years exp. (9 salaries)

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₹1.5 L/yr - ₹3 L/yr

arrow icon 26% less
Credit Officer salary at Muthoot Fincorp ranges between ₹2.2 Lakhs to ₹4 Lakhs per year for employees with experience between 3 years to 6 years. Salary estimates are based on 5 latest salaries received from various employees of Muthoot Fincorp.

Experience wise Muthoot Fincorp Credit Officer salaries in Nagpur

Last Updated: 16 Mar 2023

Experience Avg Annual Salary
3 years (AmbitionBox Estimate)

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₹2.5 L/yr - ₹3.2 L/yr
4 years (AmbitionBox Estimate)

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₹2.6 L/yr - ₹3.4 L/yr
5 years (AmbitionBox Estimate)

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₹2.7 L/yr - ₹3.5 L/yr
6 years (AmbitionBox Estimate)

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₹2.8 L/yr - ₹3.6 L/yr

Similar Designation salaries in Muthoot Fincorp

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₹5.32 L/yr - ₹7.9 L/yr
Credit Manager Salary
(3 salaries)
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₹5.12 L/yr - ₹6.5 L/yr
Deputy Manager Salary
(3 salaries)
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₹4.5 L/yr - ₹5.8 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

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
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Muthoot Fincorp Credit Officer Salary FAQs

What is the salary of Credit Officer at Muthoot Fincorp in Nagpur?
The average salary of a Credit Officer at Muthoot Fincorp in Nagpur typically ranges from ₹2.2 Lakhs to ₹4.0 Lakhs per year, depending on experience (from 3 years to 6 years).

The top 10% of Credit Officer in Nagpur at Muthoot Fincorp earn more than ₹4.0 Lakhs per year, and the top 1% earn over ₹4.0 Lakhs per year. Credit Officer 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 Officer at Muthoot Fincorp in Nagpur?
The estimated take-home salary of a Credit Officer at Muthoot Fincorp in Nagpur typically ranges from ₹20,087 to ₹21,749 per month. This is based on the average salary range of ₹2.2 Lakhs to ₹4.0 Lakhs per year for employees with experience ranging from 3 years to 6 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 Officer at Muthoot Fincorp in Nagpur?
To be a Credit Officer at Muthoot Fincorp in Nagpur, the key skills required include:

  • - Credit Appraisal
  • - Credit Management
  • - Microfinance
  • - Cash Collection
  • - Credit

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 Officer in India?
MAS Financial Services ₹2.6 Lakhs to ₹4.6 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 Officer in companies similar to Muthoot Fincorp in Nagpur?
The salary of a Credit Officer at companies similar to Muthoot Fincorp in Nagpur varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Shriram Finance ₹1.8 Lakhs to ₹3.2 Lakhs per year
Mahindra Rural Housing Finance ₹1.9 Lakhs to ₹3.3 Lakhs per year
Utkarsh Small Finance Bank ₹1.5 Lakhs to ₹3.0 Lakhs per year
Berar Finance ₹1.5 Lakhs to ₹3.0 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 Credit Officer at Muthoot Fincorp in Nagpur?
The salary growth for a Credit Officer at Muthoot Fincorp in Nagpur depends on factors such as experience, performance, and promotions. On average, a Credit Officer in Nagpur can expect the following growth trajectory at Muthoot Fincorp:

Experience Average Salary Range
3 years ₹2.5 Lakhs to ₹3.2 Lakhs per year
4 years ₹2.6 Lakhs to ₹3.4 Lakhs per year
5 years ₹2.7 Lakhs to ₹3.5 Lakhs per year
6 years ₹2.8 Lakhs to ₹3.6 Lakhs per year
and so on.

Tell us how to improve this page.

Muthoot Fincorp Credit Officer salary in Nagpur ranges between ₹2.2 Lakhs to ₹4 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.