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Muthoot Fincorp Gold Loan Officer salaries in India

Annual salary range
1 - 6 years exp.
₹1.2 Lakh - ₹2.5 Lakhs
Salary of majority employees
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40% less than the average Gold Loan Officer Salary in NBFC Companies for 1 - 6 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Gold Loan Officer Salary
2 - 5 years exp. (6 salaries)
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₹1.3 L/yr - ₹2.4 L/yr

Customer Success, Service & Operations
Gold Loan Officer Salary
1 - 4 years exp. (6 salaries)
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₹1.6 L/yr - ₹2.5 L/yr

Finance & Accounting
Gold Loan Officer Salary
1 - 2 years exp. (AmbitionBox Estimate)
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₹1.5 L/yr - ₹2.4 L/yr

Sales & Business Development
Gold Loan Officer Salary
3 years exp. (AmbitionBox Estimate)
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₹2.2 L/yr - ₹2.2 L/yr

Last Updated: 30 Nov 2024

Companies similar to Muthoot Fincorp for Gold Loan Officer

Company name Avg Annual Salary Open Jobs
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IIFL Finance Gold Loan Officer Salary

1 - 7 years exp. (232 salaries)

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₹1.8 L/yr - ₹4.1 L/yr

arrow icon 60% more
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Manappuram Finance Gold Loan Officer Salary

0 - 4 years exp. (116 salaries)

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₹1.1 L/yr - ₹5.4 L/yr

arrow icon 49% more
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Muthoot Finance Gold Loan Officer Salary

0 - 7 years exp. (42 salaries)

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₹1.4 L/yr - ₹4.2 L/yr

arrow icon 27% more
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Capri Global Capital Gold Loan Officer Salary

1 - 6 years exp. (30 salaries)

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₹1.8 L/yr - ₹4.2 L/yr

arrow icon 57% more
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₹2.9 L/yr - ₹3.8 L/yr

arrow icon 88% more
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Shriram Finance Gold Loan Officer Salary

0 - 2 years exp. (4 salaries)

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₹1 L/yr - ₹2.9 L/yr

arrow icon 17% more
Gold Loan Officer salary at Muthoot Fincorp ranges between ₹1.2 Lakh to ₹2.5 Lakhs per year for employees with experience between 1 year to 6 years. Salary estimates are based on 24 latest salaries received from various employees of Muthoot Fincorp.

Latest annual salaries shared by Muthoot Fincorp Gold Loan Officer

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Experience wise Muthoot Fincorp Gold Loan Officer salaries

Last Updated: 30 Nov 2024

Experience Avg Annual Salary
1 year  (4 salaries)

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₹1.5 L/yr - ₹2.3 L/yr
2 years  (6 salaries)

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₹1.6 L/yr - ₹2.4 L/yr
3 years  (8 salaries)

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₹1.2 L/yr - ₹2.5 L/yr
4 years  (4 salaries)

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₹1.3 L/yr - ₹2.1 L/yr
5 years (AmbitionBox Estimate)

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₹0.8 L/yr - ₹2.4 L/yr
View all

Similar Designation salaries in Muthoot Fincorp

Sales Officer Salary
(21 salaries)
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₹1.45 L/yr - ₹3.21 L/yr
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₹1.05 L/yr - ₹3.6 L/yr
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₹2.15 L/yr - ₹4.1 L/yr
Store Manager Salary
(4 salaries)
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₹2 L/yr - ₹10 L/yr
Area Manager Salary
(195 salaries)
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₹3.2 L/yr - ₹12 L/yr
Sales Manager Salary
(61 salaries)
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₹3 L/yr - ₹6.8 L/yr
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₹6.74 L/yr - ₹9.59 L/yr
Sales Executive Salary
(113 salaries)
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₹1.2 L/yr - ₹3.2 L/yr
MIS Executive Salary
(AmbitionBox Estimate)
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₹2.5 L/yr - ₹3.2 L/yr
Team Lead Salary
(5 salaries)
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₹2.2 L/yr - ₹3.34 L/yr

Salary related reviews for Muthoot Fincorp

2.9

Rated by 9 employees for salary & benefits

Full Time

 · 

Sales & Business Development Department

5.0
  •  posted on 22 Nov 2024

4.0
 for  Salary and Benefits

Likes

This is a good company for work. We have the job security for all staff. And good office time.

  • Salary - Good
  • +6 more

Dislikes

Rate of interest to be change in one month the customers who not because every customer not able to pay every month continuously . so give some relaxation for 3 months once compulsory..

read more

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

 · 

Sales & Business Development Department

3.0
  •  posted on 06 Nov 2024

3.0
 for  Salary and Benefits

Likes

Company was good and time to we get salary..

Dislikes

I have one year experience in this company what have seen is alot of politics in this area company say target some but they give add some other targets here higher official are not good that why we are suffering lot sir.

read more
  • Job security - Poor
  • +3 more
see more salary related reviews

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Muthoot Fincorp Gold Loan Officer Salary FAQs

What is the salary of Gold Loan Officer at Muthoot Fincorp ?
The average salary of a Gold Loan Officer at Muthoot Fincorp in India typically ranges from ₹1.2 Lakhs to ₹2.5 Lakhs per year, depending on experience (from 1 year to 6 years).

The top 10% of Gold Loan Officer at Muthoot Fincorp earn more than ₹2.4 Lakhs per year, and the top 1% earn over ₹2.5 Lakhs per year. Gold Loan 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 20+ Muthoot Fincorp employees in India.
What is the estimated take home salary of a Gold Loan Officer at Muthoot Fincorp in India?
The estimated take-home salary of a Gold Loan Officer at Muthoot Fincorp in India typically ranges from ₹13,779 to ₹15,241 per month. This is based on the average salary range of ₹1.2 Lakhs to ₹2.5 Lakhs per year for employees with experience ranging from 1 year 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 20+ salaries received from various employees of Muthoot Fincorp. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Muthoot Fincorp for Gold Loan Officer in India?
Asirvad Microfinance ₹2.9 Lakhs to ₹3.8 Lakhs per year
IIFL Finance ₹1.8 Lakhs to ₹4.1 Lakhs per year
Capri Global Capital ₹1.8 Lakhs to ₹4.2 Lakhs per year
Manappuram Finance ₹1.1 Lakhs to ₹5.4 Lakhs per year
Muthoot Finance ₹1.4 Lakhs to ₹4.2 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 Gold Loan Officer in companies similar to Muthoot Fincorp in India?
The salary of a Gold Loan Officer at companies similar to Muthoot Fincorp in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Shriram Finance ₹1.0 Lakhs to ₹2.9 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 Gold Loan Officer at Muthoot Fincorp in India?
The salary growth for a Gold Loan Officer at Muthoot Fincorp depends on factors such as experience, performance, and promotions. On average, a Gold Loan Officer can expect the following growth trajectory at Muthoot Fincorp:

Experience Average Salary Range
1 year ₹1.5 Lakhs to ₹2.3 Lakhs per year
2 years ₹1.6 Lakhs to ₹2.4 Lakhs per year
3 years ₹1.2 Lakhs to ₹2.5 Lakhs per year
4 years ₹1.3 Lakhs to ₹2.1 Lakhs per year
and so on.

Tell us how to improve this page.

Muthoot Fincorp Gold Loan Officer salary in India ranges between ₹1.2 Lakh to ₹2.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 24 Muthoot Fincorp latest salaries received from various employees of Muthoot Fincorp.