Varashakti Housing Finance Cluster Credit Manager Salaries by 5 Employees (Updated 2025)

2 - 9 years exp.

₹3.8 Lakhs - ₹5.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

55% less than the average Cluster Credit Manager Salary for 2 - 9 years of experience

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Last Updated: 3 Jan 2025

Companies similar to Varashakti Housing Finance for Cluster Credit Manager

Company name	Avg Annual Salary	Open Jobs
Hinduja Housing Finance Cluster Credit Manager Salary 1 - 12 years exp. (290 salaries)	₹3.4 L/yr - ₹9.2 L/yr 33% more	3 job openings
AU Small Finance Bank Cluster Credit Manager Salary 5 - 14 years exp. (174 salaries)	₹6.6 L/yr - ₹21.7 L/yr 247% more
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Ujjivan Small Finance Bank Cluster Credit Manager Salary 5 - 12 years exp. (150 salaries)	₹4.2 L/yr - ₹12.9 L/yr 93% more
IDFC FIRST Bank Cluster Credit Manager Salary 6 - 13 years exp. (93 salaries)	₹5.9 L/yr - ₹20 L/yr 188% more
IDFC FIRST Bharat Cluster Credit Manager Salary 6 - 15 years exp. (87 salaries)	₹5.4 L/yr - ₹11.7 L/yr 105% more

Cluster Credit Manager salary at Varashakti Housing Finance ranges between ₹3.8 Lakhs to ₹5.5 Lakhs per year for employees with experience between 2 years to 9 years. Salary estimates are based on 5 latest salaries received from various employees of Varashakti Housing Finance.

Experience wise Varashakti Housing Finance Cluster Credit Manager salaries

Last Updated: 3 Jan 2025

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.4 L/yr
3 years (3 salaries)	₹3.8 L/yr - ₹6.9 L/yr
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4 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.7 L/yr
5 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹5 L/yr
6 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.3 L/yr
7 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹5.7 L/yr
8 years (AmbitionBox Estimate)	₹4.7 L/yr - ₹6 L/yr
9 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹6.3 L/yr

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Similar Designation salaries in Varashakti Housing Finance

Area Credit Manager Salary

(AmbitionBox Estimate)

₹7.7 L/yr - ₹9.8 L/yr

Deputy Credit Manager Salary

(AmbitionBox Estimate)

₹4.2 L/yr - ₹5.4 L/yr

Branch Credit Manager Salary

(10 salaries)

₹2.4 L/yr - ₹4 L/yr

Assistant Credit Manager Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Credit Manager Salary

(4 salaries)

₹2.15 L/yr - ₹3.8 L/yr

Senior Credit Officer Salary

(AmbitionBox Estimate)

₹2.9 L/yr - ₹3.7 L/yr

Relationship Manager Salary

(AmbitionBox Estimate)

₹2.5 L/yr - ₹3.2 L/yr

Credit Officer Salary

(3 salaries)

₹2.3 L/yr - ₹4.9 L/yr

Branch Manager Salary

(9 salaries)

₹3 L/yr - ₹6 L/yr

Sales Manager Salary

(AmbitionBox Estimate)

₹2.2 L/yr - ₹2.8 L/yr

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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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Varashakti Housing Finance Cluster Credit Manager Salary FAQs

What is the salary of Cluster Credit Manager at Varashakti Housing Finance ?

The average salary of a Cluster Credit Manager at Varashakti Housing Finance in India typically ranges from ₹3.8 Lakhs to ₹5.5 Lakhs per year, depending on experience (from 2 years to 9 years).

The top 10% of Cluster Credit Manager at Varashakti Housing Finance earn more than ₹5.5 Lakhs per year, and the top 1% earn over ₹5.5 Lakhs per year. Cluster Credit Manager Salaries at Varashakti Housing 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 5 Varashakti Housing Finance employees in India.

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

The estimated take-home salary of a Cluster Credit Manager at Varashakti Housing Finance in India typically ranges from ₹33,880 to ₹35,136 per month. This is based on the average salary range of ₹3.8 Lakhs to ₹5.5 Lakhs per year for employees with experience ranging from 2 years to 9 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 5 salaries received from various employees of Varashakti Housing Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Varashakti Housing Finance for Cluster Credit Manager in India?

AU Small Finance Bank	₹6.6 Lakhs to ₹21.7 Lakhs per year
IDFC FIRST Bank	₹5.9 Lakhs to ₹20.0 Lakhs per year
IDFC FIRST Bharat	₹5.4 Lakhs to ₹11.7 Lakhs per year
Ujjivan Small Finance Bank	₹4.2 Lakhs to ₹12.9 Lakhs per year
Hinduja Housing Finance	₹3.4 Lakhs to ₹9.2 Lakhs per year

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

How the salary growth look like for a Cluster Credit Manager at Varashakti Housing Finance in India?

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

Experience	Average Salary Range
2 years	₹3.4 Lakhs to ₹4.4 Lakhs per year
3 years	₹3.8 Lakhs to ₹6.9 Lakhs per year
4 years	₹3.7 Lakhs to ₹4.7 Lakhs per year
5 years	₹3.9 Lakhs to ₹5.0 Lakhs per year

and so on.

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Varashakti Housing Finance Cluster Credit Manager Salaries

Varashakti Housing Finance Cluster Credit Manager salary in India ranges between ₹3.8 Lakhs to ₹5.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Varashakti Housing Finance latest salaries received from various employees of Varashakti Housing Finance.