Muthoot Microfin Credit Executive Salaries by 7 Employees

0 - 2 years exp.

₹1.6 Lakh - ₹2.2 Lakhs

Low Confidence

Salary of majority employees

31% less than the average Credit Executive Salary in NBFC Companies for 0 - 2 years of experience

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Salaries in different departments

Finance & Accounting Credit Executive Salary 1 - 2 years exp. (3 salaries)	₹1.9 L/yr - ₹2.2 L/yr
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Customer Success, Service & Operations Credit Executive Salary 1 year exp. (AmbitionBox Estimate)	₹1.7 L/yr - ₹1.8 L/yr

Last Updated: 11 Jun 2024

Companies similar to Muthoot Microfin for Credit Executive

Company name	Avg Annual Salary	Open Jobs
Mahindra Rural Housing Finance Credit Executive Salary 0 - 7 years exp. (141 salaries)	₹1.4 L/yr - ₹3.5 L/yr 47% more
Shriram Finance Credit Executive Salary 1 - 8 years exp. (83 salaries)	₹1.1 L/yr - ₹3.5 L/yr 40% more
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SMFG India Credit Credit Executive Salary 0 - 6 years exp. (54 salaries)	₹1.9 L/yr - ₹4.5 L/yr 86% more
HDB Financial Services Credit Executive Salary 0 - 3 years exp. (53 salaries)	₹1.2 L/yr - ₹3.2 L/yr 29% more
L&T Finance Credit Executive Salary 1 - 6 years exp. (26 salaries)	₹2.6 L/yr - ₹3.5 L/yr 77% more
Aditya Birla Finance Credit Executive Salary 0 - 6 years exp. (25 salaries)	₹1.8 L/yr - ₹3.5 L/yr 44% more
TVS Credit Credit Executive Salary 0 - 6 years exp. (23 salaries)	₹1.2 L/yr - ₹2.5 L/yr 4% more
Mahindra Finance Credit Executive Salary 1 - 6 years exp. (21 salaries)	₹1.6 L/yr - ₹3.5 L/yr 38% more
Bajaj Finance Credit Executive Salary 1 - 4 years exp. (18 salaries)	₹2.2 L/yr - ₹4 L/yr 62% more
IIFL SAMASTA Credit Executive Salary 1 - 5 years exp. (8 salaries)	₹2.9 L/yr - ₹4.8 L/yr 80% more
IIFL Finance Credit Executive Salary 3 - 8 years exp. (5 salaries)	₹2 L/yr - ₹3 L/yr 44% more
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Home Credit Finance Credit Executive Salary 2 - 7 years exp. (5 salaries)	₹2.5 L/yr - ₹3.2 L/yr 45% more
Spandana Sphoorty Financial Credit Executive Salary 1 - 4 years exp. (5 salaries)	₹2.4 L/yr - ₹3.1 L/yr 44% more
Satin Finserv Credit Executive Salary 1 - 4 years exp. (5 salaries)	₹1.9 L/yr - ₹3.5 L/yr 38% more
Muthoot Fincorp Credit Executive Salary 0 - 4 years exp. (4 salaries)	₹1.7 L/yr - ₹3.5 L/yr 57% more
Manappuram Finance Credit Executive Salary 0 - 4 years exp. (4 salaries)	₹2 L/yr - ₹2.5 L/yr 18% more
Aye Finance Credit Executive Salary 6 - 17 years exp. (4 salaries)	₹2.1 L/yr - ₹3 L/yr 36% more
SK Finance Limited Credit Executive Salary 4 - 10 years exp. (4 salaries)	₹1.5 L/yr - ₹2.5 L/yr 4% more
CreditAccess Grameen Credit Executive Salary 0 - 7 years exp. (4 salaries)	₹2.7 L/yr - ₹3.5 L/yr 74% more
Muthoot Finance Credit Executive Salary 2 - 7 years exp. (4 salaries)	₹1.7 L/yr - ₹3.2 L/yr 33% more

View all

Credit Executive salary at Muthoot Microfin ranges between ₹1.6 Lakh to ₹2.2 Lakhs per year for employees with less than 1 year of experience to 2 years. Salary estimates are based on 7 latest salaries received from various employees of Muthoot Microfin.

Experience wise Muthoot Microfin Credit Executive salaries

Last Updated: 11 Jun 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹1.6 L/yr - ₹3.2 L/yr
1 year (4 salaries)	₹1.6 L/yr - ₹2.1 L/yr
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2 years (AmbitionBox Estimate)	₹0.7 L/yr - ₹2.2 L/yr

Similar Designation salaries in Muthoot Microfin

Sales Executive Salary

(4 salaries)

₹1.6 L/yr - ₹2 L/yr

Finance Executive Salary

(8 salaries)

₹1.55 L/yr - ₹3.2 L/yr

Relationship Executive Salary

(9 salaries)

₹1.44 L/yr - ₹2.92 L/yr

Team Lead Salary

(6 salaries)

₹2.85 L/yr - ₹3.31 L/yr

Senior Associate Salary

(AmbitionBox Estimate)

₹8.6 L/yr - ₹11 L/yr

Senior Accounts Executive Salary

(3 salaries)

₹2 L/yr - ₹2.5 L/yr

Collection Officer Salary

(7 salaries)

₹2.34 L/yr - ₹2.64 L/yr

Branch Manager Salary

(108 salaries)

₹2 L/yr - ₹4.5 L/yr

Sales Officer Salary

(4 salaries)

₹2.4 L/yr - ₹3 L/yr

Process Associate Salary

(AmbitionBox Estimate)

₹31.5 L/yr - ₹40.3 L/yr

Salary related reviews for Muthoot Microfin

2.4

Rated by 3 employees for salary & benefits

Credit Executive in Near Mushi Pulia Metro Station, Lucknow

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 15 Dec 2022

1.0

for Salary and Benefits

Likes

Good working culture Supportive staff Good Infrastructure Good for freshers

Job security - Good

+2 more

Dislikes

...Department pressurise to Work on holidays in credit department and operations Salary not as satisfied atleast company need to provide 15k in hand salary to fresher in Credit department.

Salary - Bad

+2 more

Relationship Officer (working remotely)

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 02 Feb 2023

3.0

for Salary and Benefits

Likes

MUTHOOT MICROFIN LTD good company and policy customer satisfaction. Then different types of loans good company

Skill development - Good

+2 more

Dislikes

MUTHOOT MICROFIN LTD 2 years 6 month working not hike salary and promotion nill so small dislikes

Promotions - Bad

Relationship Officer in Aluva

Operations Department

4.0

• posted on 21 May 2022

3.0

for Salary and Benefits

Likes

...ironment and culture.Teammates are supportive and the management is transparent.company policies are better and also the salary package is good.

Skill development - Good

+4 more

Dislikes

The appraisal were not effective for career growth.the notice period of 90 days is very lagging.

Relationship Officer in Kundapura

Other Department

5.0

• posted on 19 Apr 2021

3.0

for Salary and Benefits

Likes

Good work culture. Teammates are supportive and the management is good.company policies are good,appraisals are not fair and they give not good salary hike and bonus every year

Skill development - Excellent

+3 more

Dislikes

There is a lot of politics and the management doesn't address our issues. Salary is decent but career growth is slow.There is bond of 3years before which cannot resign

Relationship Officer in Nimbahera

BFSI, Investments & Trading Department

1.0

• posted on 08 Aug 2021

1.0

for Salary and Benefits

Likes

I don't like anything

Company culture - Excellent

Dislikes

Too much manual process Salary will not come in single payment No fix duty hours they will use you 6 am to 11 pm as a slave And most important thing " kam ni karna to ghar ja"

Salary - Bad

+4 more

see more salary related reviews

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Salary Discussions, Hike & Promotions

a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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Muthoot Microfin Credit Executive Salary FAQs

What is the salary of Credit Executive at Muthoot Microfin ?

The average salary of a Credit Executive at Muthoot Microfin in India typically ranges from ₹1.6 Lakhs to ₹2.2 Lakhs per year, depending on experience (from Fresher to 2 years).

The top 10% of Credit Executive at Muthoot Microfin earn more than ₹2.2 Lakhs per year, and the top 1% earn over ₹2.2 Lakhs per year. Credit Executive Salaries at Muthoot Microfin 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 7 Muthoot Microfin employees in India.

What is the estimated take home salary of a Credit Executive at Muthoot Microfin in India?

The estimated take-home salary of a Credit Executive at Muthoot Microfin in India typically ranges from ₹12,459 to ₹13,807 per month. This is based on the average salary range of ₹1.6 Lakhs to ₹2.2 Lakhs per year for employees with experience ranging from Fresher to 2 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 7 salaries received from various employees of Muthoot Microfin. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Muthoot Microfin for Credit Executive in India?

SMFG India Credit	₹1.9 Lakhs to ₹4.5 Lakhs per year
IIFL SAMASTA	₹2.9 Lakhs to ₹4.8 Lakhs per year
L&T Finance	₹2.6 Lakhs to ₹3.5 Lakhs per year
CreditAccess Grameen	₹2.7 Lakhs to ₹3.5 Lakhs per year
Bajaj Finance	₹2.2 Lakhs to ₹4.0 Lakhs per year

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

What is the salary of a Credit Executive in companies similar to Muthoot Microfin in India?

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

Muthoot Fincorp	₹1.7 Lakhs to ₹3.5 Lakhs per year
Mahindra Rural Housing Finance	₹1.4 Lakhs to ₹3.5 Lakhs per year
Home Credit Finance	₹2.5 Lakhs to ₹3.2 Lakhs per year
Aditya Birla Finance	₹1.8 Lakhs to ₹3.5 Lakhs per year
IIFL Finance	₹2.0 Lakhs to ₹3.0 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 Executive at Muthoot Microfin in India?

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

Experience	Average Salary Range
Fresher	₹1.6 Lakhs to ₹3.2 Lakhs per year
1 year	₹1.6 Lakhs to ₹2.1 Lakhs per year
2 years	₹0.7 Lakhs to ₹2.2 Lakhs per year

and so on.

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Muthoot Microfin Credit Executive Salaries

Muthoot Microfin Credit Executive salary in India ranges between ₹1.6 Lakh to ₹2.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Muthoot Microfin latest salaries received from various employees of Muthoot Microfin.