Muthoot Homefin India Credit Associate Salaries by 30+ Employees (Updated 2025)

0 - 4 years exp.

₹1.8 Lakh - ₹3.7 Lakhs

Avg. annual salary

Monthly In-hand Salary

40% less than the average Credit Associate Salary in Investment Banking / Venture Capital / Private Equity Companies for 0 - 4 years of experience

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Salaries in different departments

Finance & Accounting Credit Associate Salary 0 - 4 years exp. (11 salaries)	₹2.1 L/yr - ₹3.7 L/yr
BFSI, Investments & Trading Credit Associate Salary 2 - 4 years exp. (9 salaries)	₹1.8 L/yr - ₹2.7 L/yr
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Customer Success, Service & Operations Credit Associate Salary 0 - 3 years exp. (5 salaries)	₹2.6 L/yr - ₹3.2 L/yr

Last Updated: 24 Mar 2025

Companies similar to Muthoot Homefin India for Credit Associate

Company name	Avg Annual Salary	Open Jobs
Mahindra Rural Housing Finance Credit Associate Salary 0 - 5 years exp. (75 salaries)	₹1.3 L/yr - ₹2.4 L/yr 31% less
Kotak Mahindra Bank Credit Associate Salary 0 - 5 years exp. (57 salaries)	₹1.8 L/yr - ₹3.5 L/yr 2% less
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Acuity Knowledge Partners Credit Associate Salary 1 - 4 years exp. (28 salaries)	₹4.4 L/yr - ₹8 L/yr 137% more
JPMorgan Chase & Co. Credit Associate Salary 2 - 5 years exp. (24 salaries)	₹20 L/yr - ₹36 L/yr 920% more
HSBC Group Credit Associate Salary 2 - 6 years exp. (10 salaries)	₹11 L/yr - ₹20 L/yr 524% more

Credit Associate salary at Muthoot Homefin India ranges between ₹1.8 Lakh to ₹3.7 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 31 latest salaries received from various employees of Muthoot Homefin India.

Latest annual salaries shared by Muthoot Homefin India Credit Associate

3d ago

₹2.7 Lakhs

2 years exp.

3d ago

₹3 Lakhs

4 years exp.

1mo ago

₹3 Lakhs

3 years exp.

1mo ago

₹3.2 Lakhs

2 years exp.

1mo ago

₹3 Lakhs

1 year exp.

2mo ago

3 years exp.

2mo ago

2 years exp.

3mo ago

8 months exp.

3mo ago

3 years exp.

4mo ago

3 years exp.

Experience wise Muthoot Homefin India Credit Associate salaries

Last Updated: 24 Mar 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹1 L/yr - ₹3 L/yr
1 year (5 salaries)	₹1 L/yr - ₹3.2 L/yr
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2 years (8 salaries)	₹2 L/yr - ₹3.2 L/yr
3 years (10 salaries)	₹1.8 L/yr - ₹3.7 L/yr
4 years (6 salaries)	₹2 L/yr - ₹3 L/yr

Similar Designation salaries in Muthoot Homefin India

Senior Associate Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Account Assistant Salary

(AmbitionBox Estimate)

₹1.9 L/yr - ₹2.4 L/yr

Team Lead Salary

(AmbitionBox Estimate)

₹2.4 L/yr - ₹3.1 L/yr

Deputy Manager Salary

(5 salaries)

₹5.8 L/yr - ₹7 L/yr

Accountant Salary

(AmbitionBox Estimate)

₹2.2 L/yr - ₹2.8 L/yr

Analyst Salary

(AmbitionBox Estimate)

₹3 L/yr - ₹3.8 L/yr

Finance Executive Salary

(AmbitionBox Estimate)

₹4.8 L/yr - ₹6.1 L/yr

Management Trainee Salary

(AmbitionBox Estimate)

₹3.6 L/yr - ₹4.6 L/yr

Relationship Manager Salary

(52 salaries)

₹2.55 L/yr - ₹4.8 L/yr

Salary related reviews for Muthoot Homefin India

4.7

Rated by 10 employees for salary & benefits

Collections Manager in Ahmedabad

BFSI, Investments & Trading Department

3.0

• posted on 20 Apr 2022

5.0

for Salary and Benefits

Likes

Good Compensation & Owners ( Muthoot Family) of company.

Salary - Excellent

+1 more

Dislikes

Un-experience senior management. Most of them don't deserve a entry level position. They get these positions by using personal relationships not get on basis of their abilities or work experience.

Skill development - Bad

+2 more

Credit Executive in Mumbai

Home Loan Department

2.0

• posted on 21 Nov 2020

1.0

for Salary and Benefits

Likes

...e is balanced here except month end and JFM. Superior are good. (In my case). Gets salary on time.

Skill development - Good

Dislikes

Company management is focusing only on profits they have nothing to do with employees growth. HR functions is rediculous. Huge communication gap. Salary and other benefits for ofroll employees are like peanuts. Ofroll employees are barely get chance for onroll even after hard work.

Salary - Bad

+4 more

Cluster Manager - Sales in Indore

Finance & Accounting Department

1.0

• posted on 25 Jun 2020

1.0

for Salary and Benefits

Likes

...ovid- 19 company is not provide the support and call me to put your resignation. Nil support salary is also debited and As well as salary is not provide

Dislikes

Working, HR Policies is not good also not provide any facilities to employees. Salary not credit on time.

Salary - Bad

+6 more

Credit Officer in Bangalore / Bengaluru

BFSI, Investments & Trading Department

5.0

• posted on 20 May 2020

4.0

for Salary and Benefits

Likes

... it is given me excellent opportunity to learn and to acquire more knowledge. They supported in me for working at home and provided me salary during civid19 Lockdown.

Salary - Good

+6 more

Dislikes

Nothing

Legal Associate in Jaipur

Legal & Regulatory Department

4.0

• posted on 18 Aug 2018

1.0

for Salary and Benefits

Likes

I love the company's work culture. One can manage his social life as well as professional.

Work-life balance - Good

Dislikes

Poor HR policy. No bonus for back office support at Associate level. Poor Appraisal.No medical claims. No training for new employee. Very bad software and No I.T. Support for back up. No Internal growth.

Salary - Bad

+1 more

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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 Homefin India Credit Associate Salary FAQs

What is the salary of Credit Associate at Muthoot Homefin India ?

The average salary of a Credit Associate at Muthoot Homefin India in India typically ranges from ₹1.8 Lakhs to ₹3.7 Lakhs per year, depending on experience (from Fresher to 4 years).

The top 10% of Credit Associate at Muthoot Homefin India earn more than ₹3.2 Lakhs per year, and the top 1% earn over ₹3.7 Lakhs per year. Credit Associate Salaries at Muthoot Homefin India 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 30+ Muthoot Homefin India employees in India.

What is the estimated take home salary of a Credit Associate at Muthoot Homefin India in India?

The estimated take-home salary of a Credit Associate at Muthoot Homefin India in India typically ranges from ₹18,667 to ₹20,350 per month. This is based on the average salary range of ₹1.8 Lakhs to ₹3.7 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 30+ salaries received from various employees of Muthoot Homefin India. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Muthoot Homefin India for Credit Associate in India?

JPMorgan Chase & Co.	₹20.0 Lakhs to ₹36.0 Lakhs per year
HSBC Group	₹11.0 Lakhs to ₹20.0 Lakhs per year
Acuity Knowledge Partners	₹4.4 Lakhs to ₹8.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Muthoot Homefin India, depending on the role and experience level.

What is the salary of a Credit Associate in companies similar to Muthoot Homefin India in India?

The salary of a Credit Associate at companies similar to Muthoot Homefin India in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Kotak Mahindra Bank	₹1.8 Lakhs to ₹3.5 Lakhs per year
Mahindra Rural Housing Finance	₹1.3 Lakhs to ₹2.4 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 Credit Associate at Muthoot Homefin India in India?

The salary growth for a Credit Associate at Muthoot Homefin India depends on factors such as experience, performance, and promotions. On average, a Credit Associate can expect the following growth trajectory at Muthoot Homefin India:

Experience	Average Salary Range
Fresher	₹1.0 Lakhs to ₹3.0 Lakhs per year
1 year	₹1.0 Lakhs to ₹3.2 Lakhs per year
2 years	₹2.0 Lakhs to ₹3.2 Lakhs per year
3 years	₹1.8 Lakhs to ₹3.7 Lakhs per year

and so on.

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Muthoot Homefin India Credit Associate Salaries

Muthoot Homefin India Credit Associate salary in India ranges between ₹1.8 Lakh to ₹3.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 31 Muthoot Homefin India latest salaries received from various employees of Muthoot Homefin India.