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Muthoot Fincorp Loan Officer salaries in India

Annual salary range
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)
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₹1.7 L/yr - ₹2.2 L/yr

BFSI, Investments & Trading
Loan Officer Salary
2 - 3 years exp. (3 salaries)
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₹2 L/yr - ₹2.7 L/yr

Customer Success, Service & Operations
Loan Officer Salary
2 - 4 years exp. (3 salaries)
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₹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
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Manappuram Finance Loan Officer Salary

0 - 6 years exp. (4 salaries)

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₹1.5 L/yr - ₹3.2 L/yr

arrow icon 7% more
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Bajaj Finance Loan Officer Salary

0 - 6 years exp. (14 salaries)

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₹1.3 L/yr - ₹3 L/yr

arrow icon 25% more
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Shriram Finance Loan Officer Salary

1 - 6 years exp. (5 salaries)

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₹2.5 L/yr - ₹4 L/yr

arrow icon 41% more
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₹1.9 L/yr - ₹3.1 L/yr

arrow icon 29% more
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L&T Finance Loan Officer Salary

0 - 3 years exp. (19 salaries)

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₹1.5 L/yr - ₹2.8 L/yr

arrow icon 14% more
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HDB Financial Services Loan Officer Salary

0 - 4 years exp. (49 salaries)

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₹1.2 L/yr - ₹3.5 L/yr

arrow icon 13% more
2 job openings
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Tata Capital Loan Officer Salary

0 - 5 years exp. (77 salaries)

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₹2.1 L/yr - ₹3.5 L/yr

arrow icon 44% more
58 job openings
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Bharat Financial Inclusion Loan Officer Salary

0 - 4 years exp. (201 salaries)

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₹1.2 L/yr - ₹4.5 L/yr

arrow icon 24% more
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Capri Global Capital Loan Officer Salary

1 - 4 years exp. (45 salaries)

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₹2 L/yr - ₹3.6 L/yr

arrow icon 27% more
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₹1.4 L/yr - ₹5 L/yr

arrow icon 40% more
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IIFL Finance Loan Officer Salary

1 - 6 years exp. (13 salaries)

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₹1.8 L/yr - ₹3.7 L/yr

arrow icon 53% more
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SMFG India Credit Loan Officer Salary

1 - 3 years exp. (7 salaries)

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₹1.8 L/yr - ₹2.5 L/yr

arrow icon 9% more
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Sammaan Capital Limited Loan Officer Salary

1 - 5 years exp. (6 salaries)

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₹1.5 L/yr - ₹6 L/yr

arrow icon 42% more
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Kotak Mahindra Prime Loan Officer Salary

1 - 6 years exp. (5 salaries)

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₹2.1 L/yr - ₹3 L/yr

arrow icon 22% more
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Satin Creditcare Network Loan Officer Salary

0 - 4 years exp. (4 salaries)

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₹1.9 L/yr - ₹2.2 L/yr

arrow icon 1% less
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Aavas Financiers Loan Officer Salary

3 - 7 years exp. (4 salaries)

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₹2.6 L/yr - ₹3.3 L/yr

arrow icon 47% more
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SK Finance Limited Loan Officer Salary

0 - 2 years exp. (4 salaries)

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₹1.5 L/yr - ₹2.4 L/yr

At par
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Asirvad Microfinance Loan Officer Salary

1 - 5 years exp. (3 salaries)

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₹1.4 L/yr - ₹3.9 L/yr

arrow icon 32% more
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PNB Housing Finance Loan Officer Salary

1 - 2 years exp. (3 salaries)

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₹2.3 L/yr - ₹2.5 L/yr

arrow icon 17% more
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Muthoot Microfin Loan Officer Salary

0 - 6 years exp. (3 salaries)

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₹1.2 L/yr - ₹5.3 L/yr

arrow icon 40% more
View all
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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Experience wise Muthoot Fincorp Loan Officer salaries

Last Updated: 7 Jul 2024

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹0.8 L/yr - ₹2.2 L/yr
1 year  (5 salaries)

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₹1.8 L/yr - ₹2.2 L/yr
2 years  (7 salaries)

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₹1.7 L/yr - ₹2.3 L/yr
3 years  (4 salaries)

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₹1.5 L/yr - ₹2.7 L/yr
4 years (AmbitionBox Estimate)

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₹1.9 L/yr - ₹2.5 L/yr

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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₹2.2 L/yr - ₹2.92 L/yr
Branch Manager Salary
(614 salaries)
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₹1.8 L/yr - ₹6.65 L/yr
Team Lead Salary
(5 salaries)
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₹2.2 L/yr - ₹3.34 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
Sales Manager Salary
(61 salaries)
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₹3 L/yr - ₹6.8 L/yr
Analyst Salary
(AmbitionBox Estimate)
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₹2.7 L/yr - ₹3.5 L/yr
Deputy Manager Salary
(68 salaries)
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₹2.75 L/yr - ₹7.9 L/yr
Accountant Salary
(15 salaries)
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₹1.35 L/yr - ₹3.1 L/yr

Salary related reviews for Muthoot Fincorp

4.6

Rated by 5 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 Loan Officer Salary FAQs

What is the salary of Loan Officer at Muthoot Fincorp ?
The average salary of a Loan Officer at Muthoot Fincorp in India typically ranges from ₹1.5 Lakhs to ₹2.7 Lakhs per year, depending on experience (from Fresher to 4 years).

The top 10% of Loan Officer at Muthoot Fincorp earn more than ₹2.5 Lakhs per year, and the top 1% earn over ₹NaN Lakhs per year. 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 10+ Muthoot Fincorp employees in India.
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 in India typically ranges from ₹13,987 to ₹15,466 per month. This is based on the average salary range of ₹1.5 Lakhs to ₹2.7 Lakhs per year for employees with experience ranging from Fresher to 4 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 10+ 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 Loan Officer in India?
Tata Capital Housing Finance ₹3.5 Lakhs to ₹3.7 Lakhs per year
IIFL Finance ₹1.8 Lakhs to ₹3.7 Lakhs per year
Aavas Financiers ₹2.6 Lakhs to ₹3.3 Lakhs per year
Tata Capital ₹2.1 Lakhs to ₹3.5 Lakhs per year
Sammaan Capital Limited ₹1.5 Lakhs to ₹6.0 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 Loan Officer in companies similar to Muthoot Fincorp in India?
The salary of a 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 ₹2.5 Lakhs to ₹4.0 Lakhs per year
Spandana Sphoorty Financial ₹1.4 Lakhs to ₹5.0 Lakhs per year
Muthoot Microfin ₹1.2 Lakhs to ₹5.3 Lakhs per year
Asirvad Microfinance ₹1.4 Lakhs to ₹3.9 Lakhs per year
TVS Credit ₹2.2 Lakhs to ₹3.5 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 Loan Officer at Muthoot Fincorp in India?
The salary growth for a Loan Officer at Muthoot Fincorp depends on factors such as experience, performance, and promotions. On average, a Loan Officer can expect the following growth trajectory at Muthoot Fincorp:

Experience Average Salary Range
Fresher ₹0.8 Lakhs to ₹2.2 Lakhs per year
1 year ₹1.8 Lakhs to ₹2.2 Lakhs per year
2 years ₹1.7 Lakhs to ₹2.3 Lakhs per year
3 years ₹1.5 Lakhs to ₹2.7 Lakhs per year
and so on.

Tell us how to improve this page.

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