Muthoot Fincorp Loan Officer Salaries by 10+ Employees (Updated 2025)

0 - 4 years exp.

₹1.5 Lakh - ₹2.7 Lakhs

Salary of majority employees

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26% less than the average Loan Officer Salary in NBFC Companies for 0 - 4 years of experience

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Salaries in different departments

Finance & Accounting Loan Officer Salary 1 - 4 years exp. (9 salaries)	Unlock ₹1.7 L/yr - ₹2.2 L/yr
BFSI, Investments & Trading Loan Officer Salary 2 - 3 years exp. (3 salaries)	Unlock ₹2 L/yr - ₹2.7 L/yr
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Customer Success, Service & Operations Loan Officer Salary 2 - 4 years exp. (3 salaries)	Unlock ₹1.5 L/yr - ₹2.5 L/yr

Last Updated: 7 Jul 2024

Companies similar to Muthoot Fincorp for Loan Officer

Company name	Avg Annual Salary	Open Jobs
Manappuram Finance Loan Officer Salary 0 - 6 years exp. (4 salaries)	Unlock ₹1.5 L/yr - ₹3.2 L/yr 7% more
Bajaj Finance Loan Officer Salary 0 - 5 years exp. (10 salaries)	Unlock ₹1.4 L/yr - ₹3 L/yr 31% more
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Shriram Finance Loan Officer Salary 1 - 6 years exp. (5 salaries)	Unlock ₹2.5 L/yr - ₹4 L/yr 41% more
Cholamandalam Investment & Finance Loan Officer Salary 0 - 5 years exp. (8 salaries)	Unlock ₹1.9 L/yr - ₹3.1 L/yr 29% more
L&T Finance Loan Officer Salary 1 - 3 years exp. (19 salaries)	Unlock ₹1.5 L/yr - ₹2.8 L/yr 13% more
HDB Financial Services Loan Officer Salary 0 - 4 years exp. (49 salaries)	Unlock ₹1.2 L/yr - ₹3.5 L/yr 13% more	2 job openings
Tata Capital Loan Officer Salary 0 - 5 years exp. (77 salaries)	Unlock ₹2.1 L/yr - ₹3.9 L/yr 42% more	51 job openings
Bharat Financial Inclusion Loan Officer Salary 0 - 4 years exp. (201 salaries)	Unlock ₹1.2 L/yr - ₹4.5 L/yr 22% more
Capri Global Capital Loan Officer Salary 1 - 4 years exp. (45 salaries)	Unlock ₹2 L/yr - ₹3.6 L/yr 27% more
Spandana Sphoorty Financial Loan Officer Salary 0 - 6 years exp. (41 salaries)	Unlock ₹1.4 L/yr - ₹5 L/yr 40% more
IIFL Finance Loan Officer Salary 1 - 6 years exp. (13 salaries)	Unlock ₹1.8 L/yr - ₹3.7 L/yr 53% more
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SMFG India Credit Loan Officer Salary 1 - 3 years exp. (7 salaries)	Unlock ₹1.8 L/yr - ₹2.5 L/yr 9% more
Sammaan Capital Limited Loan Officer Salary 1 - 5 years exp. (6 salaries)	Unlock ₹1.5 L/yr - ₹6 L/yr 42% more
Kotak Mahindra Prime Loan Officer Salary 1 - 6 years exp. (5 salaries)	Unlock ₹2.1 L/yr - ₹3 L/yr 22% more
Satin Creditcare Network Loan Officer Salary 0 - 4 years exp. (4 salaries)	Unlock ₹1.9 L/yr - ₹2.2 L/yr 1% less
Aavas Financiers Loan Officer Salary 3 - 7 years exp. (4 salaries)	Unlock ₹2.6 L/yr - ₹3.3 L/yr 47% more
SK Finance Limited Loan Officer Salary 0 - 2 years exp. (4 salaries)	Unlock ₹1.5 L/yr - ₹2.4 L/yr At par
Asirvad Microfinance Loan Officer Salary 1 - 5 years exp. (3 salaries)	Unlock ₹1.4 L/yr - ₹3.9 L/yr 32% more
PNB Housing Finance Loan Officer Salary 1 - 2 years exp. (3 salaries)	Unlock ₹2.3 L/yr - ₹2.5 L/yr 17% more
Muthoot Microfin Loan Officer Salary 0 - 6 years exp. (3 salaries)	Unlock ₹1.2 L/yr - ₹5.3 L/yr 40% more

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Loan Officer salary at Muthoot Fincorp ranges between ₹1.5 Lakh to ₹2.7 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 19 latest salaries received from various employees of Muthoot Fincorp.

Latest annual salaries shared by Muthoot Fincorp Loan Officer

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4 years exp.

1y ago

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2 years exp.

1y ago

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4 years exp.

1y ago

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2 years exp.

1y ago

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3 years exp.

1y ago

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1 year exp.

1y ago

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3 years exp.

1y ago

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2 years exp.

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2 years exp.

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2 years exp.

Experience wise Muthoot Fincorp Loan Officer salaries

Last Updated: 7 Jul 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	Unlock ₹0.8 L/yr - ₹2.2 L/yr
1 year (5 salaries)	Unlock ₹1.8 L/yr - ₹2.2 L/yr
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2 years (7 salaries)	Unlock ₹1.7 L/yr - ₹2.3 L/yr
3 years (4 salaries)	Unlock ₹1.5 L/yr - ₹2.7 L/yr
4 years (AmbitionBox Estimate)	Unlock ₹1.9 L/yr - ₹2.5 L/yr

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₹2.7 L/yr - ₹3.5 L/yr

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Salary related reviews for Muthoot Fincorp

4.6

Rated by 5 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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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 Loan Officer Salary FAQs

What is the salary of Loan Officer at Muthoot Fincorp?

Loan Officer salary at Muthoot Fincorp in India ranges between ₹1.5 Lakhs to ₹2.7 Lakhs for less than 1 year of experience to 4 years. According to our estimates it is 26% less than the average Loan Officer Salary in India. Salary estimates are based on 19 latest salaries received from various employees of Muthoot Fincorp India.

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

The average salary of a Loan Officer at Muthoot Fincorp is 26% less than the average salary of a Loan Officer in India. To know exact salary insights, login to view.

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

Tata Capital Housing Finance Loan Officer Salary - ₹3.5 Lakhs to ₹3.7 Lakhs per year
IIFL Finance Loan Officer Salary - ₹1.8 Lakhs to ₹3.7 Lakhs per year
Aavas Financiers Loan Officer Salary - ₹2.6 Lakhs to ₹3.3 Lakhs per year
Tata Capital Loan Officer Salary - ₹2.1 Lakhs to ₹3.9 Lakhs per year
Sammaan Capital Limited Loan Officer Salary - ₹1.5 Lakhs to ₹6.0 Lakhs per year

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

Shriram Finance Loan Officer Salary - ₹2.5 Lakhs to ₹4.0 Lakhs per year
Spandana Sphoorty Financial Loan Officer Salary - ₹1.4 Lakhs to ₹5.0 Lakhs per year
Muthoot Microfin Loan Officer Salary - ₹1.2 Lakhs to ₹5.3 Lakhs per year
Asirvad Microfinance Loan Officer Salary - ₹1.4 Lakhs to ₹3.9 Lakhs per year
Bajaj Finance Loan Officer Salary - ₹1.4 Lakhs to ₹3.0 Lakhs per year

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

The estimated take-home salary of a Loan Officer at Muthoot Fincorp ranges between ₹13,987 per month to ₹15,466 per month in India. The take-home salary calculation is based on the average Muthoot Fincorp Loan Officer salary in India which ranges between ₹1.5 Lakhs to ₹2.7 Lakhs per year for employees with less than 1 year of experience to 4 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 75% of the Muthoot Fincorp Loan Officers reported a notice period of 15 days or less, 25% reported a notice period of 1 Month.This is based on 4 responses on AmbitionBox in last 2 years.

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Muthoot Fincorp Loan Officer Salaries by Location

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Muthoot Fincorp Loan Officer Salaries

Muthoot Fincorp Loan Officer salary in India ranges between ₹1.5 Lakh to ₹2.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 19 Muthoot Fincorp latest salaries received from various employees of Muthoot Fincorp.