Average Loan Quality Assurance Auditor Salary in Indore, India for 2026

In this article, we will look at the average Loan Quality Assurance Auditor salary for 2026 in Indore and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Indian rupee. To keep things simple, we are using the INR currency code instead of the currency symbol .

How Much Does a Loan Quality Assurance Auditor Make in Indore?

A Loan Quality Assurance Auditor working in Indore will typically earn around 442,300 INR per year, and this can range from the lowest average salary of about 205,700 INR to the highest average salary of 705,500 INR.

Average Annual Salary442,300 INR
Average Monthly Salary36,858 INR
Average Lowest Salary205,700 INR
Lowest Monthly Salary17,141 INR
Average Highest Salary705,500 INR
Highest Monthly Salary58,791 INR

These are average salaries for a Loan Quality Assurance Auditor in Indore and include benefits such as housing and transport. It's also possible for a Loan Quality Assurance Auditor to earn more or less than the average salaries shown above.

Loan Quality Assurance Auditor salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Loan Quality Assurance Auditor Salaries in Indore

So we've looked at the average salaries a Loan Quality Assurance Auditor will earn in Indore. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Loan Quality Assurance Auditor can earn between 205,700 INR and 705,500 INR on average in Indore. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Loan Quality Assurance Auditor in Indore is 478,000 INR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 478,000 INR, and 50% of the population earn more than 478,000 INR.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Loan Quality Assurance Auditor salary in Indore, 25% of the population are earning less than 308,900 INR while 75% of the population earn more than 308,900 INR.

75% of the population earn less than 639,100 INR, and 25% of the population earn more than 639,100 INR.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Loan Quality Assurance Auditor Salary by Experience Level in Indore

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average Loan Quality Assurance Auditor salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Loan Quality Assurance Auditor in Indore that has less than two years of experience can expect to earn somewhere in the region of 232,900 INR.
  • 2 - 5 Years Experience. With two to five years of experience the average Loan Quality Assurance Auditor salary would increase to 309,800 INR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Loan Quality Assurance Auditor, the average salary would be 454,900 INR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 556,000 INR.
  • 15 - 20 Years Experience. A Loan Quality Assurance Auditor with 15 to 20 years of experience can earn an average of 606,400 INR.
  • 20+ Years Experience. For a Loan Quality Assurance Auditor with more than 20 years, the expected average salary increases to 658,300 INR.

Average Salary by Experience Chart

0-2 Years-
232,900 INR
2-5 Years+34%
309,800 INR
5-10 Years+48%
454,900 INR
10-15 Years+22%
556,000 INR
15-20 Years+9%
606,400 INR
20+ Years+8%
658,300 INR

Loan Quality Assurance Auditor Salary by Education Level in Indore

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Loan Quality Assurance Auditor in Indore based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Bachelor's Degree. A Loan Quality Assurance Auditor in Indore with a bachelor's degree education can earn an average salary of 268,900 INR.
  • Master's Degree. A Loan Quality Assurance Auditor in Indore with a master's degree education can earn an average salary of 518,900 INR.

Average Salary by Education Chart

Bachelor's Degree-
268,900 INR
Master's Degree+93%
518,900 INR

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in India is around 160,000 to 479,000 INR and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Loan Quality Assurance Auditor Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Indore, a male loan quality assurance auditor will earn an average of 433,400 INR, while a female loan quality assurance auditor will earn around 407,300 INR.

This means that a male loan quality assurance auditor earns approximately 6% more than a female loan quality assurance auditor for performing the same job.

Average Salary by Gender Chart in Indore

Male-
433,400 INR
Female-6%
407,300 INR

Loan Quality Assurance Auditor Average Pay Raise in Indore

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Loan Quality Assurance Auditor in Indore is around 13% every 15 months.

The national average pay raise across all professions and industries in India is around 9% every 16 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 13 ÷ 15 ) × 12  = 10%

What this means is that a Loan Quality Assurance Auditor in Indore can expect to receive an average pay raise of around 10% every 12 months.

Annual Pay Raise by Industry in Indore for 2026

In the chart below, you can see the average annual pay raise percentages for each of the major industries in India.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking-
1%
Energy-
2%
Information Technology-
3%
Healthcare-
4%
Travel-
5%
Construction-
6%
Education-
7%

Loan Quality Assurance Auditor Bonus and Incentive Rates in Indore

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Loan Quality Assurance Auditor is a high bonus based job, with 81% of employees reporting at least one bonus in the last 12 months.

19% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 5% to 8%.

Received Bonus-
81%
No Bonus-
19%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in India earn approximately 6% more than private sector employees in the same role.

Public Sector-
392,300 INR
Private Sector-6%
371,100 INR

Salaries for Jobs Similar to a Loan Quality Assurance Auditor

In the table below, we have salary information for jobs that are similar to a Loan Quality Assurance Auditor in Indore.

Job TitleCategorySalary
AML AnalystBanking588,500 INR
ATM ManagerBanking558,300 INR
ATM Service TechnicianBanking152,300 INR
Assistant Bank Branch ManagerBanking502,200 INR
Assistant Bank ManagerBanking660,500 INR
Bank Accounts AnalystBanking222,300 INR
Bank Accounts CollectorBanking137,400 INR
Bank Accounts ControllerBanking283,700 INR
Bank Accounts ExecutiveBanking420,800 INR
Bank Accounts ManagerBanking491,000 INR
Bank Auditing ManagerBanking496,100 INR
Bank Branch ManagerBanking684,900 INR
Bank Branch Operations CoordinatorBanking301,600 INR
Bank ClerkBanking128,900 INR
Bank Client Service AssociateBanking185,100 INR
Bank CollectorBanking137,400 INR
Bank Compliance SpecialistBanking359,900 INR
Bank ManagerBanking798,900 INR
Bank Operational Risk ManagerBanking790,600 INR
Bank Operations HeadBanking814,500 INR
Bank Operations OfficerBanking317,700 INR
Bank Operations SpecialistBanking498,000 INR
Bank Process ManagerBanking451,000 INR
Bank Product Manager Banking519,300 INR
Bank Programme ManagerBanking548,800 INR
Bank Project ManagerBanking643,800 INR
Bank Propositions ManagerBanking574,200 INR
Bank Quantitative AnalystBanking403,100 INR
Bank Regional ManagerBanking832,000 INR
Bank Regional Risk OfficerBanking420,800 INR
Bank Relationship ManagerBanking608,500 INR
Bank Relationship OfficerBanking275,200 INR
Bank TellerBanking143,200 INR
BankerBanking283,700 INR
Banking Business AnalystBanking447,300 INR
Banking Business Development OfficerBanking263,100 INR
Banking Business Planning ExecutiveBanking597,800 INR
Banking Product ManagerBanking519,300 INR
Banking Reference Data ManagerBanking454,900 INR
Banking Risk AnalystBanking414,000 INR
Banking Technical AnalystBanking222,300 INR
Bankruptcy CoordinatorBanking296,000 INR
Bill and Account CollectorBanking150,000 INR
Budget AnalystBanking414,000 INR
Capital Risk ManagerBanking790,600 INR
Cards Marketing ManagerBanking524,700 INR
Cash Management ManagerBanking731,700 INR
Check Processing ManagerBanking539,700 INR
Commercial Vault AssociateBanking407,300 INR
Corporate BankerBanking301,600 INR
Corporate DealerBanking431,300 INR
Credit AnalystBanking325,600 INR
Credit Card Fraud InvestigatorBanking430,500 INR
Credit Portfolio ManagerBanking780,600 INR
Credit Risk AnalystBanking467,100 INR
Credit Risk AssociateBanking447,300 INR
Credit and Collections ManagerBanking562,600 INR
Direct Bank Sales RepresentativeBanking296,000 INR
Exchange Control ConsultantBanking440,200 INR
Executive Account AnalystBanking411,400 INR
Financial Bank Planning ConsultantBanking537,300 INR
Financial Banking Analysis ManagerBanking615,700 INR
Financial Banking AssistantBanking197,600 INR
Financial Banking Systems ManagerBanking568,500 INR
Foreign Exchange ManagerBanking608,500 INR
Fraud AnalystBanking444,300 INR
Fraud Detection AssociateBanking301,600 INR
Fraud Detection ManagerBanking649,700 INR
Fraud Detection SupervisorBanking363,000 INR
Internal Bank Audit ManagerBanking759,300 INR
Internal Bank AuditorBanking406,300 INR
Internal Private BankerBanking301,600 INR
International Banking ManagerBanking854,300 INR
Investment Banking AnalystBanking605,700 INR
Loan AnalystBanking414,000 INR
Loan Area ManagerBanking507,300 INR
Loan Audit Team LeaderBanking475,700 INR
Loan Branch ManagerBanking471,700 INR
Loan Business Development OfficerBanking252,300 INR
Loan ClerkBanking150,000 INR
Loan Collection ManagerBanking502,200 INR
Loan Collection and Recovery ManagerBanking502,200 INR
Loan CollectorBanking137,400 INR
Loan ExaminerBanking183,600 INR
Loan OfficerBanking159,400 INR
Loan Processing ManagerBanking451,000 INR
Loan ProcessorBanking189,300 INR
Loan Quality Assurance ManagerBanking471,700 INR
Loan Quality Assurance RepresentativeBanking314,500 INR
Loan Review ManagerBanking472,000 INR
Loan Team LeaderBanking420,800 INR
Loans ManagerBanking558,300 INR
Mortgage AdvisorBanking288,700 INR
Mortgage Collection ManagerBanking491,000 INR
Mortgage CollectorBanking137,400 INR
Mortgage Credit AnalystBanking222,300 INR
Mortgage Credit ManagerBanking467,100 INR
Mortgage Development ManagerBanking537,300 INR
Mortgage Document ReviewerBanking183,600 INR
Mortgage Funding ManagerBanking539,700 INR
Mortgage Operations ManagerBanking724,300 INR
Mortgage Payment Processing ClerkBanking159,400 INR
Mortgage Processing ManagerBanking478,000 INR
Mortgage ProcessorBanking189,300 INR
Mortgage Quality Assurance AuditorBanking414,000 INR
Mortgage Quality Assurance ManagerBanking472,000 INR
Mortgage Servicing ClerkBanking146,200 INR
Mortgage Servicing ManagerBanking462,300 INR
Mortgage UnderwriterBanking176,800 INR
Online Banking ManagerBanking725,700 INR
Payment Processing ClerkBanking150,000 INR
Personal BankerBanking301,600 INR
Personal Banking Advisor Banking309,800 INR
Phone BankerBanking200,000 INR
Private BankerBanking301,600 INR
Reconciliation and Investigation SpecialistBanking341,400 INR
Tax OfficerBanking249,600 INR
TellerBanking143,200 INR
Trade OfficerBanking172,200 INR
Trade Product ManagerBanking491,000 INR
TraderBanking204,000 INR
Treasury Operations OfficerBanking369,300 INR

Salary Comparison by City

If you want to compare salaries with different cities in India, you can use the links below to explore the data for each specific city we have researched.

CityAverage Salary
Ahmadabad457,300 INR
Bangalore472,000 INR
Bhopal424,900 INR
Chennai478,100 INR
Coimbatore407,300 INR
Delhi467,100 INR
Ghaziabad407,300 INR
Hyderabad483,400 INR
Jaipur472,100 INR
Kanpur436,200 INR
Kolkata448,500 INR
Lucknow428,400 INR
Ludhiana409,000 INR
Madurai367,200 INR
Mumbai504,400 INR
Nagpur421,400 INR
Patna384,200 INR
Pimpri-Chinchwad437,300 INR
Pune453,200 INR
Surat475,700 INR
Vadodara396,300 INR
Visakhapatnam398,300 INR
agra401,300 INR

Salary Comparison by State

The table below includes links to the average salary for each state in India.

StateAverage Salary
Andaman & Nicobar Islands367,900 INR
Andhra Pradesh457,300 INR
Arunachal Pradesh412,000 INR
Assam454,900 INR
Bihar492,400 INR
Chandigarh394,800 INR
Chhatisgarh448,500 INR
Dadra & Nagar Haveli361,600 INR
Daman & Diu376,800 INR
Delhi433,400 INR
Goa383,300 INR
Gujarat496,100 INR
Haryana437,900 INR
Himachal Pradesh407,300 INR
Jammu & Kashmir444,300 INR
Jharkhand466,900 INR
Karnataka467,100 INR
Kerala476,600 INR
Lakshadweep361,600 INR
Madhya Pradesh483,400 INR
Maharashtra524,700 INR
Manipur413,900 INR
Meghalaya394,500 INR
Mizoram399,900 INR
Nagaland404,600 INR
Orissa457,300 INR
Pondicherry404,600 INR
Punjab455,400 INR
Rajasthan478,000 INR
Sikkim392,300 INR
Tamil Nadu492,400 INR
Tripura404,600 INR
Uttar Pradesh519,300 INR
Uttaranchal445,100 INR
West Bengal489,600 INR

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