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Muthoot Fincorp Loan Processing Officer salaries in India (Updated 2025)

Annual salary range
1 - 4 years exp.
₹1.1 Lakh - ₹2.5 Lakhs
Salary of majority employees
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20% less than the average Loan Processing Officer Salary in NBFC Companies for 1 - 4 years of experience

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Salaries in different departments

Customer Success, Service & Operations
Loan Processing Officer Salary
1 - 4 years exp. (13 salaries)
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₹1.2 L/yr - ₹2.3 L/yr

Finance & Accounting
Loan Processing Officer Salary
1 - 4 years exp. (13 salaries)
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₹1.5 L/yr - ₹2.5 L/yr

BFSI, Investments & Trading
Loan Processing Officer Salary
1 - 3 years exp. (5 salaries)
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₹1.3 L/yr - ₹2.1 L/yr

Production, Manufacturing & Engineering
Loan Processing Officer Salary
1 - 2 years exp. (3 salaries)
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₹1.2 L/yr - ₹1.8 L/yr

IT & Information Security
Loan Processing Officer Salary
2 - 3 years exp. (AmbitionBox Estimate)
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₹2.3 L/yr - ₹2.5 L/yr

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Last Updated: 1 Jan 2025

Companies similar to Muthoot Fincorp for Loan Processing Officer

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

0 - 4 years exp. (3 salaries)

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₹3 L/yr - ₹4 L/yr

arrow icon 77% more
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HDFC Bank Loan Processing Officer Salary

0 - 4 years exp. (8 salaries)

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₹1.8 L/yr - ₹2.5 L/yr

arrow icon 27% more
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₹3 L/yr - ₹3.4 L/yr

arrow icon 71% more
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₹1.8 L/yr - ₹3.6 L/yr

arrow icon 43% more
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₹2.5 L/yr - ₹18 L/yr

arrow icon 438% more
Loan Processing Officer salary at Muthoot Fincorp ranges between ₹1.1 Lakh to ₹2.5 Lakhs per year for employees with experience between 1 year to 4 years. Salary estimates are based on 78 latest salaries received from various employees of Muthoot Fincorp.

Latest annual salaries shared by Muthoot Fincorp Loan Processing Officer

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Experience wise Muthoot Fincorp Loan Processing Officer salaries

Last Updated: 1 Jan 2025

Experience Avg Annual Salary
1 year  (20 salaries)

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₹1.1 L/yr - ₹2.3 L/yr
2 years  (27 salaries)

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₹1.1 L/yr - ₹2.5 L/yr
3 years  (17 salaries)

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₹1.5 L/yr - ₹2.5 L/yr
4 years  (14 salaries)

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₹1.5 L/yr - ₹2.5 L/yr

Similar Designation salaries in Muthoot Fincorp

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₹2.2 L/yr - ₹2.92 L/yr
Credit Officer Salary
(165 salaries)
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₹1.3 L/yr - ₹4 L/yr
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₹1.05 L/yr - ₹3.6 L/yr
Sales Officer Salary
(21 salaries)
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₹1.45 L/yr - ₹3.21 L/yr
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₹1.2 L/yr - ₹1.5 L/yr
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₹2.73 L/yr - ₹7.55 L/yr
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₹2.4 L/yr - ₹4.94 L/yr
Branch Manager Salary
(737 salaries)
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₹1.8 L/yr - ₹6.5 L/yr
Credit Manager Salary
(40 salaries)
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₹3 L/yr - ₹7.5 L/yr
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₹2.15 L/yr - ₹4.5 L/yr

Salary related reviews for Muthoot Fincorp

3.4

Rated by 16 employees for salary & benefits

Construction & Site Engineering Department

5.0
  •  posted on 02 Oct 2020

3.0
 for  Salary and Benefits

Likes

Working time is too good.I never facing any issu about my salary.working procedure also good.

read more
  • Skill development - Excellent
  • +4 more

Dislikes

Too much politics goes on here.I emailed Zonal haad ,HR with my problem but I did not find any solution.My problem was the distance from my house to my office is more than 70 kilometres.I have requested to my AM and RM many times bt I did not find any solution.My worst experience was in the end.Company is very good but some employees of the company do so much politics which is very bad.I don't want anyone like me to lose a job in such agood company..

read more
  • Job security - Bad

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.

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  • 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
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Muthoot Fincorp Loan Processing Officer Salary FAQs

What is the salary of Loan Processing Officer at Muthoot Fincorp ?
The average salary of a Loan Processing Officer at Muthoot Fincorp in India typically ranges from ₹1.1 Lakhs to ₹2.5 Lakhs per year, depending on experience (from 1 year to 4 years).

The top 10% of Loan Processing Officer at Muthoot Fincorp earn more than ₹2.3 Lakhs per year, and the top 1% earn over ₹2.5 Lakhs per year. Loan Processing 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 70+ Muthoot Fincorp employees in India.
What is the estimated take home salary of a Loan Processing Officer at Muthoot Fincorp in India?
The estimated take-home salary of a Loan Processing Officer at Muthoot Fincorp in India typically ranges from ₹12,943 to ₹14,332 per month. This is based on the average salary range of ₹1.1 Lakhs to ₹2.5 Lakhs per year for employees with experience ranging from 1 year 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 70+ 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 Processing Officer in India?
State Bank of India ₹2.5 Lakhs to ₹18.0 Lakhs per year
IIFL Finance ₹3.0 Lakhs to ₹4.0 Lakhs per year
Agrim Housing Finance ₹3.0 Lakhs to ₹3.4 Lakhs per year
Bandhan Bank ₹1.8 Lakhs to ₹3.6 Lakhs per year
HDFC Bank ₹1.8 Lakhs to ₹2.5 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.
How the salary growth look like for a Loan Processing Officer at Muthoot Fincorp in India?
The salary growth for a Loan Processing Officer at Muthoot Fincorp depends on factors such as experience, performance, and promotions. On average, a Loan Processing Officer can expect the following growth trajectory at Muthoot Fincorp:

Experience Average Salary Range
1 year ₹1.1 Lakhs to ₹2.3 Lakhs per year
2 years ₹1.1 Lakhs to ₹2.5 Lakhs per year
3 years ₹1.5 Lakhs to ₹2.5 Lakhs per year
4 years ₹1.5 Lakhs to ₹2.5 Lakhs per year
and so on.

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Muthoot Fincorp Loan Processing Officer salary in India ranges between ₹1.1 Lakh to ₹2.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 78 Muthoot Fincorp latest salaries received from various employees of Muthoot Fincorp.