Shubham Housing Development Finance Cluster Manager Salaries by 4 Employees (Updated 2025)

6 - 11 years exp.

₹3.6 Lakhs - ₹6.5 Lakhs

Low Confidence

Salary of majority employees

44% less than the average Cluster Manager Salary in NBFC Companies for 6 - 11 years of experience

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Salaries in different departments

BFSI, Investments & Trading Cluster Manager Salary 6 years exp. (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr
Finance & Accounting Cluster Manager Salary 7 years exp. (AmbitionBox Estimate)	₹4.9 L/yr - ₹6 L/yr
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Legal & Regulatory Cluster Manager Salary 6 years exp. (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.1 L/yr

Last Updated: 20 Mar 2025

Companies similar to Shubham Housing Development Finance for Cluster Manager

Company name	Avg Annual Salary	Open Jobs
Hero FinCorp Cluster Manager Salary 13 - 23 years exp. (80 salaries)	₹8.4 L/yr - ₹27.5 L/yr 214% more
Bajaj Housing Finance Cluster Manager Salary 5 - 15 years exp. (48 salaries)	₹10 L/yr - ₹23.5 L/yr 235% more
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Dvara KGFS Cluster Manager Salary 6 - 14 years exp. (27 salaries)	₹3.4 L/yr - ₹8 L/yr At par
Finova Capital Cluster Manager Salary 5 - 14 years exp. (25 salaries)	₹4 L/yr - ₹10 L/yr 29% more
Midland Microfin Limited Cluster Manager Salary 1 - 12 years exp. (24 salaries)	₹3.5 L/yr - ₹6.5 L/yr 4% less
Home Credit Finance Cluster Manager Salary 6 - 16 years exp. (20 salaries)	₹4.1 L/yr - ₹9 L/yr 23% more	1 job opening
Kotak Mahindra Prime Cluster Manager Salary 7 - 17 years exp. (19 salaries)	₹6.5 L/yr - ₹11.5 L/yr 92% more
Kogta Financial India Limited Cluster Manager Salary 8 - 20 years exp. (13 salaries)	₹6.5 L/yr - ₹10.5 L/yr 63% more
Aptus Value Housing Finance India Cluster Manager Salary 8 - 19 years exp. (6 salaries)	₹9.3 L/yr - ₹11 L/yr 87% more	1 job opening
Muthoottu Mini Financiers Cluster Manager Salary 0 - 12 years exp. (6 salaries)	₹2.4 L/yr - ₹4.2 L/yr 42% less
Vistaar Finance Cluster Manager Salary 10 - 16 years exp. (5 salaries)	₹7 L/yr - ₹11.8 L/yr 70% more
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PNB Housing Finance Cluster Manager Salary 8 - 15 years exp. (5 salaries)	₹5 L/yr - ₹17.3 L/yr 128% more
Ugro Capital Cluster Manager Salary 9 - 15 years exp. (5 salaries)	₹6.7 L/yr - ₹12.8 L/yr 90% more
Capital Trust Cluster Manager Salary 6 - 13 years exp. (4 salaries)	₹5.2 L/yr - ₹9 L/yr 24% more
India Shelter Finance Corporation Cluster Manager Salary 7 - 12 years exp. (4 salaries)	₹7 L/yr - ₹12.3 L/yr 97% more
IKF Finance Cluster Manager Salary 13 - 15 years exp. (4 salaries)	₹9 L/yr - ₹11.4 L/yr 108% more
Tata Capital Housing Finance Cluster Manager Salary 10 - 18 years exp. (4 salaries)	₹7.3 L/yr - ₹17.7 L/yr 144% more
Light Microfinance Cluster Manager Salary 0 - 14 years exp. (4 salaries)	₹4.5 L/yr - ₹8.8 L/yr 19% more
Tyger Capital Cluster Manager Salary 5 - 15 years exp. (4 salaries)	₹6.5 L/yr - ₹8.2 L/yr 44% more
Hinduja Leyland Finance Cluster Manager Salary 0 - 10 years exp. (4 salaries)	₹7 L/yr - ₹9 L/yr 70% more

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Cluster Manager salary at Shubham Housing Development Finance ranges between ₹3.6 Lakhs to ₹6.5 Lakhs per year for employees with experience between 6 years to 11 years. Salary estimates are based on 4 latest salaries received from various employees of Shubham Housing Development Finance.

Experience wise Shubham Housing Development Finance Cluster Manager salaries

Last Updated: 20 Mar 2025

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹7.3 L/yr
7 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹5.5 L/yr
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8 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.7 L/yr
9 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹6.2 L/yr
10 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹6.7 L/yr
11 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹6.5 L/yr

View all

Similar Designation salaries in Shubham Housing Development Finance

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(3 salaries)

₹8.5 L/yr - ₹10 L/yr

Area Manager Salary

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₹4.5 L/yr - ₹12 L/yr

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₹3.5 L/yr - ₹7.5 L/yr

Sales Manager Salary

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Branch Manager Salary

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Area Sales Manager Salary

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Relationship Manager Salary

(353 salaries)

₹2.2 L/yr - ₹4.5 L/yr

Area Business Manager Salary

(AmbitionBox Estimate)

₹9 L/yr - ₹11.5 L/yr

Sales Officer Salary

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Assistant Sales Manager Salary

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₹2.6 L/yr - ₹4 L/yr

Salary related reviews for Shubham Housing Development Finance

3.5

Rated by 4 employees for salary & benefits

Relationship Manager in Gurgaon / Gurugram

Sales & Business Development Department

3.0

• posted on 17 Apr 2022

2.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good appraisals are fair and the give good salary hike every year.

Work satisfaction - Good

+1 more

Dislikes

Salary - Poor
Skill development - Poor

+3 more

Credit Manager in New Delhi

Full Time

Risk Management & Compliance Department

1.0

• posted on 08 Sep 2022

2.0

for Salary and Benefits

Likes

Only like the credit team and credit managment

Dislikes

... Very pethatic condition of IT team. They are not resolved any issue within TAT. Employee Insurance deduct from employee salary. HR gives same salary to a Fresher and to a 3 year experiance person. When a branch team win a cash price in contest than Higher level person hold the branch amount. In the company Higher authority person gives Good salary increments to only relative employees. And Annual bounce of Credit team members only 10K.

Salary - Poor

+4 more

Area Credit Manager in Jodhpur

Full Time

Credit Department

4.0

• posted on 08 Sep 2020

4.0

for Salary and Benefits

Likes

Company always carrying to their employees no any salary deduction during COVID pendamic.

Salary - Good

+6 more

Dislikes

Bonus was bad , atleast credit person's bonus should be good as this department has no any incentive plan, they are work with due diligence with integrity and waiting for bonus after 1years hard work, so company must be think about credit department.

Regional Technical Manager in Pune

Full Time

Risk Management & Compliance Department

5.0

• posted on 20 Jul 2020

4.0

for Salary and Benefits

Likes

Looking at the current market scenerio with other company where employee's are experiencing Salary cuts and even job loss, I would say my company is STABLE ! We have done some important position hirings as well post April Month ! For Employees safety Company has given work from home option. Our HR team also is updating us timely with updated safety measures against COVID-19. I love working here !

Salary - Good

+6 more

Dislikes

Not Applicable

Credit Officer in Yavatmal

Full Time

Finance & Accounting Department

5.0

• posted on 20 Jun 2019

4.0

for Salary and Benefits

Likes

... to the high career growthness to the day by day in all over market compiteter . There fore good salary packej. To heigh level posting to give the travelling tour the out of station. His organization is good work environment. And all totally work life is good . Thanks..

Salary - Good

+5 more

Dislikes

No any dislike.

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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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Shubham Housing Development Finance Cluster Manager Salary FAQs

What is the salary of Cluster Manager at Shubham Housing Development Finance ?

The average salary of a Cluster Manager at Shubham Housing Development Finance in India typically ranges from ₹3.6 Lakhs to ₹6.5 Lakhs per year, depending on experience (from 6 years to 11 years).

The top 10% of Cluster Manager at Shubham Housing Development Finance earn more than ₹6.5 Lakhs per year, and the top 1% earn over ₹6.5 Lakhs per year. Cluster Manager Salaries at Shubham Housing Development Finance 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 4 Shubham Housing Development Finance employees in India.

What is the estimated take home salary of a Cluster Manager at Shubham Housing Development Finance in India?

The estimated take-home salary of a Cluster Manager at Shubham Housing Development Finance in India typically ranges from ₹39,035 to ₹40,214 per month. This is based on the average salary range of ₹3.6 Lakhs to ₹6.5 Lakhs per year for employees with experience ranging from 6 years to 11 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 4 salaries received from various employees of Shubham Housing Development Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Shubham Housing Development Finance for Cluster Manager in India?

Bajaj Housing Finance	₹10.0 Lakhs to ₹23.5 Lakhs per year
Hero FinCorp	₹8.4 Lakhs to ₹27.5 Lakhs per year
InCred Finance	₹9.3 Lakhs to ₹16.0 Lakhs per year
Tata Capital Housing Finance	₹7.3 Lakhs to ₹17.7 Lakhs per year
PNB Housing Finance	₹5.0 Lakhs to ₹17.3 Lakhs per year

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

What is the salary of a Cluster Manager in companies similar to Shubham Housing Development Finance in India?

The salary of a Cluster Manager at companies similar to Shubham Housing Development Finance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

IKF Finance	₹9.0 Lakhs to ₹11.4 Lakhs per year
India Shelter Finance Corporation	₹7.0 Lakhs to ₹12.3 Lakhs per year
Kotak Mahindra Prime	₹6.5 Lakhs to ₹11.5 Lakhs per year
Ugro Capital	₹6.7 Lakhs to ₹12.8 Lakhs per year
Aptus Value Housing Finance India	₹9.3 Lakhs to ₹11.0 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 Cluster Manager at Shubham Housing Development Finance in India?

The salary growth for a Cluster Manager at Shubham Housing Development Finance depends on factors such as experience, performance, and promotions. On average, a Cluster Manager can expect the following growth trajectory at Shubham Housing Development Finance:

Experience	Average Salary Range
6 years	₹3.6 Lakhs to ₹7.3 Lakhs per year
7 years	₹1.8 Lakhs to ₹5.5 Lakhs per year
8 years	₹4.5 Lakhs to ₹5.7 Lakhs per year
9 years	₹4.9 Lakhs to ₹6.2 Lakhs per year

and so on.

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Shubham Housing Development Finance Cluster Manager Salaries

Shubham Housing Development Finance Cluster Manager salary in India ranges between ₹3.6 Lakhs to ₹6.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Shubham Housing Development Finance latest salaries received from various employees of Shubham Housing Development Finance.