Muthoot Microfin Senior Credit Officer Salaries by 5 Employees (Updated 2024)

2 - 8 years exp.

₹1.9 Lakh - ₹2.8 Lakhs

Low Confidence

Salary of majority employees

47% less than the average Senior Credit Officer Salary in NBFC Companies for 2 - 8 years of experience

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Salaries in different departments

BFSI, Investments & Trading Senior Credit Officer Salary 2 - 8 years exp. (3 salaries)	₹1.9 L/yr - ₹2.1 L/yr
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Customer Success, Service & Operations Senior Credit Officer Salary 4 years exp. (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.1 L/yr

Last Updated: 14 Mar 2023

Companies similar to Muthoot Microfin for Senior Credit Officer

Company name	Avg Annual Salary	Open Jobs
Satin Creditcare Network Senior Credit Officer Salary 3 - 8 years exp. (3 salaries)	₹2.3 L/yr - ₹3 L/yr 28% more
Equitas Small Finance Bank Senior Credit Officer Salary 0 - 10 years exp. (26 salaries)	₹1.7 L/yr - ₹4.3 L/yr 37% more
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Jana Small Finance Bank Senior Credit Officer Salary 2 - 7 years exp. (5 salaries)	₹2 L/yr - ₹4.3 L/yr 28% more
Annapurna Finance Senior Credit Officer Salary 1 - 5 years exp. (3 salaries)	₹2 L/yr - ₹2.4 L/yr 5% more
CreditAccess Grameen Senior Credit Officer Salary 9 - 11 years exp. (4 salaries)	₹4.1 L/yr - ₹4.9 L/yr 106% more
Utkarsh Small Finance Bank Senior Credit Officer Salary 1 - 4 years exp. (6 salaries)	₹1.9 L/yr - ₹2.8 L/yr 17% more
SMFG India Credit Senior Credit Officer Salary 0 - 8 years exp. (11 salaries)	₹1.4 L/yr - ₹3 L/yr 6% more
IIFL Finance Senior Credit Officer Salary 2 - 5 years exp. (7 salaries)	₹3.2 L/yr - ₹5 L/yr 111% more
Fusion Microfinance Senior Credit Officer Salary 3 - 8 years exp. (8 salaries)	₹2.9 L/yr - ₹5.1 L/yr 61% more
Shriram Finance Senior Credit Officer Salary 4 - 8 years exp. (8 salaries)	₹2.1 L/yr - ₹4 L/yr 49% more
Mahindra Rural Housing Finance Senior Credit Officer Salary 0 - 2 years exp. (5 salaries)	₹2.7 L/yr - ₹3.7 L/yr 55% more
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IIFL SAMASTA Senior Credit Officer Salary 3 - 7 years exp. (4 salaries)	₹3.2 L/yr - ₹4.3 L/yr 72% more
Aditya Birla Finance Senior Credit Officer Salary 2 - 7 years exp. (4 salaries)	₹2.5 L/yr - ₹3.6 L/yr 45% more
SK Finance Limited Senior Credit Officer Salary 1 - 5 years exp. (4 salaries)	₹3.2 L/yr - ₹4.2 L/yr 69% more
HDB Financial Services Senior Credit Officer Salary 4 - 5 years exp. (4 salaries)	₹2.5 L/yr - ₹3.3 L/yr 50% more
Muthoot Fincorp Senior Credit Officer Salary 2 - 7 years exp. (3 salaries)	₹2.9 L/yr - ₹3.6 L/yr 44% more
TVS Credit Senior Credit Officer Salary 4 - 6 years exp. (3 salaries)	₹2.8 L/yr - ₹4 L/yr 48% more
Bajaj Finance Senior Credit Officer Salary 4 - 6 years exp. (3 salaries)	₹5.5 L/yr - ₹12 L/yr 256% more

Senior Credit Officer salary at Muthoot Microfin ranges between ₹1.9 Lakh to ₹2.8 Lakhs per year for employees with experience between 2 years to 8 years. Salary estimates are based on 5 latest salaries received from various employees of Muthoot Microfin.

Experience wise Muthoot Microfin Senior Credit Officer salaries

Last Updated: 14 Mar 2023

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹2.1 L/yr - ₹4 L/yr
3 years (AmbitionBox Estimate)	₹2 L/yr - ₹2.5 L/yr
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4 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹2.8 L/yr
5 years (AmbitionBox Estimate)	₹2 L/yr - ₹3.9 L/yr
6 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹2.4 L/yr
7 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹2.4 L/yr
8 years (AmbitionBox Estimate)	₹2 L/yr - ₹3.7 L/yr

View all

Similar Designation salaries in Muthoot Microfin

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Zonal Credit Manager Salary

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Deputy Credit Manager Salary

(AmbitionBox Estimate)

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Area Credit Manager Salary

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Senior Associate Salary

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Salary related reviews for Muthoot Microfin

4.6

Rated by 4 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

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.

Manager in Sangli

Full Time

Human Resources Department

5.0

• posted on 12 Sep 2023

5.0

for Salary and Benefits

Likes

All aspects are very good for an employee. Training, Recruitment process, salary, promotions, incentives, increments all are best in the industry.

Dislikes

My reporting persons behaviour was not good. Nothing else.

Senior Relationship Officer in Berhampur

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 21 Jun 2023

1.0

for Salary and Benefits

Likes

I am a ex-employee Management department very bad... I have left this organization 11month complete....but till now not done my settlement This company without intimation remove the employee Very bad management

Dislikes

All.... Salary Behavior Career growth Secure job.. All parameter and management very bad

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

Dislikes

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

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.

Dislikes

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

see more salary related reviews

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Muthoot Microfin Senior Credit Officer Salary FAQs

What is the salary of Senior Credit Officer at Muthoot Microfin?

Senior Credit Officer salary at Muthoot Microfin in India ranges between ₹1.9 Lakhs to ₹2.8 Lakhs for experience between 2 years to 8 years. According to our estimates it is 47% less than the average Senior Credit Officer Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Muthoot Microfin India.

How does the salary of a Senior Credit Officer at Muthoot Microfin India compare with the average salary range for this job?

The average salary of a Senior Credit Officer at Muthoot Microfin is 47% less than the average salary of a Senior Credit Officer in India. To know exact salary insights, login to view.

Which similar companies are paying more than Muthoot Microfin to a Senior Credit Officer in India?

Bajaj Finance Senior Credit Officer Salary - ₹5.5 Lakhs to ₹12.0 Lakhs per year
IIFL Finance Senior Credit Officer Salary - ₹3.2 Lakhs to ₹5.0 Lakhs per year
CreditAccess Grameen Senior Credit Officer Salary - ₹4.1 Lakhs to ₹4.9 Lakhs per year
IIFL SAMASTA Senior Credit Officer Salary - ₹3.2 Lakhs to ₹4.3 Lakhs per year
SK Finance Limited Senior Credit Officer Salary - ₹3.2 Lakhs to ₹4.2 Lakhs per year

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

Fusion Microfinance Senior Credit Officer Salary - ₹2.9 Lakhs to ₹5.1 Lakhs per year
Mahindra Rural Housing Finance Senior Credit Officer Salary - ₹2.7 Lakhs to ₹3.7 Lakhs per year
HDB Financial Services Senior Credit Officer Salary - ₹2.5 Lakhs to ₹3.3 Lakhs per year
Shriram Finance Senior Credit Officer Salary - ₹2.1 Lakhs to ₹4.0 Lakhs per year
TVS Credit Senior Credit Officer Salary - ₹2.8 Lakhs to ₹4.0 Lakhs per year

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

The estimated take-home salary of a Senior Credit Officer at Muthoot Microfin ranges between ₹14,863 per month to ₹16,419 per month in India. The take-home salary calculation is based on the average Muthoot Microfin Senior Credit Officer salary in India which ranges between ₹1.9 Lakhs to ₹2.8 Lakhs per year for employees with experience between 2 years to 8 years. Check how did we calculate take home salary?

What is the notice period for Senior Credit Officer at Muthoot Microfin?

According to AmbitionBox, 100% of the Muthoot Microfin Senior Credit Officers reported a notice period of 15 days or less.This is based on 1 response on AmbitionBox in last 2 years.

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Muthoot Microfin Senior Credit Officer Salaries

Muthoot Microfin Senior Credit Officer salary in India ranges between ₹1.9 Lakh to ₹2.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Muthoot Microfin latest salaries received from various employees of Muthoot Microfin.