MyLoanCare Loan Officer Salaries by 10+ Employees

1 - 4 years exp.

₹2.5 Lakhs - ₹3.3 Lakhs

Salary of majority employees

At par with the average Loan Officer Salary in Financial Services Companies for 1 - 4 years of experience

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Salaries in different departments

Sales & Business Development Loan Officer Salary 2 - 3 years exp. (4 salaries)	₹2.8 L/yr - ₹3 L/yr
BFSI, Investments & Trading Loan Officer Salary 1 - 3 years exp. (3 salaries)	₹2.6 L/yr - ₹3.3 L/yr
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Marketing & Communication Loan Officer Salary 1 - 3 years exp. (3 salaries)	₹2.5 L/yr - ₹2.8 L/yr
Finance & Accounting Loan Officer Salary 3 - 4 years exp. (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.1 L/yr

Last Updated: 20 Mar 2024

Companies similar to MyLoanCare for Loan Officer

Company name	Avg Annual Salary	Open Jobs
Ujjivan Small Finance Bank Loan Officer Salary 0 - 9 years exp. (355 salaries)	₹1.7 L/yr - ₹4.3 L/yr 9% more	4 job openings
HDFC Sales Loan Officer Salary 0 - 6 years exp. (256 salaries)	₹1.5 L/yr - ₹4.5 L/yr 5% more	1 job opening
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Bharat Financial Inclusion Loan Officer Salary 0 - 4 years exp. (200 salaries)	₹1.2 L/yr - ₹4.5 L/yr 14% less
HDFC Bank Loan Officer Salary 0 - 5 years exp. (107 salaries)	₹1.2 L/yr - ₹5 L/yr 7% more
AVIOM Loan Officer Salary 0 - 6 years exp. (104 salaries)	₹1.4 L/yr - ₹4.8 L/yr 10% less

Loan Officer salary at MyLoanCare ranges between ₹2.5 Lakhs to ₹3.3 Lakhs per year for employees with experience between 1 year to 4 years. Salary estimates are based on 12 latest salaries received from various employees of MyLoanCare.

Experience wise MyLoanCare Loan Officer salaries

Last Updated: 20 Mar 2024

Experience	Avg Annual Salary
1 year (3 salaries)	₹2.5 L/yr - ₹4.8 L/yr
2 years (3 salaries)	₹1.1 L/yr - ₹3 L/yr
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3 years (5 salaries)	₹2.8 L/yr - ₹3.3 L/yr
4 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹3.1 L/yr

Similar Designation salaries in MyLoanCare

Sales Officer Salary

(AmbitionBox Estimate)

₹2.2 L/yr - ₹2.8 L/yr

Team Lead Salary

(5 salaries)

₹3.85 L/yr - ₹4.65 L/yr

Senior Sales Officer Salary

(4 salaries)

₹3.1 L/yr - ₹4 L/yr

Sales Manager Salary

(AmbitionBox Estimate)

₹2 L/yr - ₹2.5 L/yr

Sales Executive Salary

(4 salaries)

₹2 L/yr - ₹3.6 L/yr

Relationship Manager Salary

(5 salaries)

₹3.8 L/yr - ₹4 L/yr

Salary related reviews for MyLoanCare

2.0

Rated by 4 employees for salary & benefits

Data Analyst (working remotely)

Full Time

Data Science & Analytics Department

4.0

• posted on 05 Jul 2023

3.0

for Salary and Benefits

Likes

It has some good project to do. Since , this is startup so you will have good exposure of learning end to end project

Skill development - Good

+2 more

Dislikes

There is no work from home and leave policy is also not to good . No games , No flexible in terms of timing

Sr Loan Executive in Gurgaon / Gurugram

BFSI, Investments & Trading Department

5.0

• posted on 23 Nov 2021

4.0

for Salary and Benefits

Likes

That was my first job.and i never forget the work culture and environment. And i really missed my work if i got the opportunity i will again want to be the employee of myloancare.in.

Salary - Good

+5 more

Dislikes

I've no words of dislike .it is like my home

see more salary related reviews

Top trending discussions

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Salary Discussions, Hike & Promotions

a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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MyLoanCare Loan Officer Salary FAQs

What is the salary of Loan Officer at MyLoanCare ?

The average salary of a Loan Officer at MyLoanCare in India typically ranges from ₹2.5 Lakhs to ₹3.3 Lakhs per year, depending on experience (from 1 year to 4 years).

The top 10% of Loan Officer at MyLoanCare earn more than ₹3.1 Lakhs per year, and the top 1% earn over ₹3.3 Lakhs per year. Loan Officer Salaries at MyLoanCare 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 10+ MyLoanCare employees in India.

What is the estimated take home salary of a Loan Officer at MyLoanCare in India?

The estimated take-home salary of a Loan Officer at MyLoanCare in India typically ranges from ₹20,304 to ₹21,963 per month. This is based on the average salary range of ₹2.5 Lakhs to ₹3.3 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 10+ salaries received from various employees of MyLoanCare. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than MyLoanCare for Loan Officer in India?

Ujjivan Small Finance Bank	₹1.7 Lakhs to ₹4.3 Lakhs per year
HDFC Bank	₹1.2 Lakhs to ₹5.0 Lakhs per year
HDFC Sales	₹1.5 Lakhs to ₹4.5 Lakhs per year

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

What is the salary of a Loan Officer in companies similar to MyLoanCare in India?

The salary of a Loan Officer at companies similar to MyLoanCare in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

AVIOM	₹1.4 Lakhs to ₹4.8 Lakhs per year
Bharat Financial Inclusion	₹1.2 Lakhs to ₹4.5 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 Loan Officer at MyLoanCare in India?

The salary growth for a Loan Officer at MyLoanCare depends on factors such as experience, performance, and promotions. On average, a Loan Officer can expect the following growth trajectory at MyLoanCare:

Experience	Average Salary Range
1 year	₹2.5 Lakhs to ₹4.8 Lakhs per year
2 years	₹1.1 Lakhs to ₹3.0 Lakhs per year
3 years	₹2.8 Lakhs to ₹3.3 Lakhs per year
4 years	₹1.2 Lakhs to ₹3.1 Lakhs per year

and so on.

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MyLoanCare Loan Officer Salaries

MyLoanCare Loan Officer salary in India ranges between ₹2.5 Lakhs to ₹3.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 12 MyLoanCare latest salaries received from various employees of MyLoanCare.