Muthoot Fincorp Bangalore / Bengaluru Loan Processor Salaries by 8 Employees

1 - 3 years exp.

₹1.8 Lakh - ₹2.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

38% less than the average Loan Processor Salary in NBFC Companies for 1 - 3 years of experience

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Salaries in different departments

BFSI, Investments & Trading Loan Processor Salary 1 - 2 years exp. (3 salaries)	₹1.8 L/yr - ₹2.3 L/yr
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Finance & Accounting Loan Processor Salary 1 - 2 years exp. (3 salaries)	₹1.8 L/yr - ₹2.1 L/yr

Last Updated: 13 Mar 2023

Companies similar to Muthoot Fincorp for Loan Processor in Bangalore / Bengaluru

Muthoot Fincorp Loan Processor Salary

1 - 3 years exp. (8 salaries)

₹1.8 L/yr - ₹2.5 L/yr

Company name	Avg Annual Salary	Open Jobs
JPMorgan Chase & Co. Loan Processor Salary 0 - 3 years exp. (33 salaries)	₹3 L/yr - ₹5.5 L/yr 92% more
Wells Fargo Loan Processor Salary 0 - 5 years exp. (25 salaries)	₹2.7 L/yr - ₹5.6 L/yr 87% more
Login to view exact salary
Valenta AI Private Limited Loan Processor Salary 1 - 6 years exp. (11 salaries)	₹2.9 L/yr - ₹4 L/yr 67% more
Firstsource Solutions Loan Processor Salary 0 - 4 years exp. (8 salaries)	₹2 L/yr - ₹4.6 L/yr 45% more
Altisource Loan Processor Salary 1 - 5 years exp. (6 salaries)	₹2.5 L/yr - ₹4 L/yr 64% more

Loan Processor salary at Muthoot Fincorp ranges between ₹1.8 Lakh to ₹2.5 Lakhs per year for employees with experience between 1 year to 3 years. Salary estimates are based on 8 latest salaries received from various employees of Muthoot Fincorp.

Experience wise Muthoot Fincorp Loan Processor salaries in Bangalore / Bengaluru

Last Updated: 13 Mar 2023

Experience	Avg Annual Salary
1 year (3 salaries)	₹1.8 L/yr - ₹3.7 L/yr
2 years (4 salaries)	₹1.8 L/yr - ₹2.3 L/yr
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3 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹2.4 L/yr

Similar Designation salaries in Muthoot Fincorp

Customer Service Executive Salary

(268 salaries)

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Senior Customer Service Executive Salary

(23 salaries)

₹1.98 L/yr - ₹3.5 L/yr

Joint Custodian Salary

(18 salaries)

₹1.1 L/yr - ₹3.2 L/yr

Branch Incharge Salary

(15 salaries)

₹1.5 L/yr - ₹3 L/yr

Sales Executive Salary

(7 salaries)

₹1.8 L/yr - ₹3.1 L/yr

Area Manager Salary

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₹6.38 L/yr - ₹9 L/yr

Business Development Executive Salary

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₹1.8 L/yr - ₹3 L/yr

Cashier Salary

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₹1.55 L/yr - ₹3 L/yr

Salary related reviews for Muthoot Fincorp

Finance Executive in Nagpur

Finance & Accounting Department

4.0

• posted on 29 May 2020

3.0

for Salary and Benefits

Likes

I have working last 1 and half year with Muthoot Fincorp LTd. my work experience better and joy full all Manager are saporting me on field work.

Skill development - Good

+2 more

Dislikes

In lockdown Company deducted salary and push on Fild work in corona Covid 19 condition

Job security - Poor

+1 more

State Legal Manager in Lucknow

Full Time

Legal & Regulatory Department

3.0

• posted on 11 Feb 2025

2.0

for Salary and Benefits

Likes

Job security

Skill development - Excellent

+2 more

Dislikes

No support or respect for support verticles. Salary will be the lowest as per the market standard or industry. Had to report office at sharp 9:30 AM morning and late night sittings. No week off in last 10 days of months. you have to work on Sundays also.

Salary - Poor

+1 more

Senior Executive in Goa

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 06 Jan 2025

1.0

for Salary and Benefits

Likes

Nothing

Dislikes

... 3months.. you work there n within 3months you search for another organisation.. they offer lowest salary in the market.. and on top of it you'll have to serve 2months or 3months resignation period and after that also they will not provide you ur reliving letter n even your full n final settlement will not happen.. they take year to do Full and final settlement.. I was the employee here after 2 years I gave resignation fir better opportunity but m lacking behind only because I don't have reliving letter.. even after 4 months and tones of followups with them they arey not giving me my reliving letter and my salary.. so think before you join.. here no one will help you manager area manager regional manager no one.. worst company it is.. u better seat home rather you join in muthoot Fincorp.. if you join you will regret it till your alive mark my words.. they are totally unprofessional and behave rediculous.. THINK BEFOR YOU JOIN MUTHOOT FINCORP LTD

Salary - Bad

+6 more

Customer Service Executive in New Delhi

Full Time

Customer Success, Service & Operations Department

4.0

• posted on 30 Dec 2024

5.0

for Salary and Benefits

Likes

The opportunities for continuous learning and professional development & salary credited on time.

Salary - Excellent

+5 more

Dislikes

Company is great no dought ,I am working here last 1.5 years and I see some people have two faces and changing their own words according to the situation. All over great !

Senior Customer Service Executive in New Delhi

Full Time

Customer Success, Service & Operations Department

4.0

• posted on 30 Dec 2024

3.0

for Salary and Benefits

Likes

Working timing is good, and salary is always come on time.

Job security - Good

+2 more

Dislikes

In this company salary increment is done according to the outstanding of the branch, so the new staff who join in a smaller branch will not get any benefit. If increment is done according to the outstanding of the branch then the vintage staff should get a bigger branch according to their individual score card or there should be shuffling of all employees every 2 years.

Promotions - Bad

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Muthoot Fincorp Loan Processor Salary FAQs

What is the salary of Loan Processor at Muthoot Fincorp in Bangalore / Bengaluru?

The average salary of a Loan Processor at Muthoot Fincorp in Bangalore / Bengaluru typically ranges from ₹1.8 Lakhs to ₹2.5 Lakhs per year, depending on experience (from 1 year to 3 years).

The top 10% of Loan Processor in Bangalore / Bengaluru at Muthoot Fincorp earn more than ₹2.4 Lakhs per year, and the top 1% earn over ₹2.5 Lakhs per year. Loan Processor 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 8 Muthoot Fincorp employees in India.

What is the estimated take home salary of a Loan Processor at Muthoot Fincorp in Bangalore / Bengaluru?

The estimated take-home salary of a Loan Processor at Muthoot Fincorp in Bangalore / Bengaluru typically ranges from ₹14,353 to ₹15,865 per month. This is based on the average salary range of ₹1.8 Lakhs to ₹2.5 Lakhs per year for employees with experience ranging from 1 year to 3 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 8 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 Processor in India?

JPMorgan Chase & Co.	₹3.0 Lakhs to ₹5.5 Lakhs per year
Wells Fargo	₹2.7 Lakhs to ₹5.6 Lakhs per year
Valenta AI Private Limited	₹2.9 Lakhs to ₹4.0 Lakhs per year
Altisource	₹2.5 Lakhs to ₹4.0 Lakhs per year
Firstsource Solutions	₹2.0 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.

How the salary growth look like for a Loan Processor at Muthoot Fincorp in Bangalore / Bengaluru?

The salary growth for a Loan Processor at Muthoot Fincorp in Bangalore / Bengaluru depends on factors such as experience, performance, and promotions. On average, a Loan Processor in Bangalore / Bengaluru can expect the following growth trajectory at Muthoot Fincorp:

Experience	Average Salary Range
1 year	₹1.8 Lakhs to ₹3.7 Lakhs per year
2 years	₹1.8 Lakhs to ₹2.3 Lakhs per year
3 years	₹1.9 Lakhs to ₹2.4 Lakhs per year

and so on.

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Muthoot Fincorp Loan Processor Salaries in Bangalore / Bengaluru

Muthoot Fincorp Loan Processor salary in Bangalore / Bengaluru ranges between ₹1.8 Lakh to ₹2.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 Muthoot Fincorp latest salaries received from various employees of Muthoot Fincorp.