Find out how much a Loan Officer earns across various companies in Nigeria.
Loan officers evaluate, authorize, or recommend approval of loan applications for people and businesses. Loan officers use a process called underwriting to assess whether applicants qualify for loans. After collecting and verifying all the required financial documents, the loan officer evaluates this information to determine the applicant’s loan needs and ability to pay back the loan.
Some firms underwrite loans manually, calculating the applicant’s financial status by following a certain formula or set of guidelines. Other firms use underwriting software, which analyzes applications almost instantly. More often, firms use underwriting software to produce a recommendation, while relying on loan officers to consider any additional information to make a final decision.
Loan Officer salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, professional experience and even the hiring company. Jobzilla Nigeria analyzes the market remunerations and helps you negotiate your pay with confidence.
Below, you will find list of Loan Officer salaries in Nigeria based on experience level in different companies.
3 Loan Officer earnings reported.
|Designation / Company||Salary|
Loan Officer - Intermediate LevelIbile Microfinance Bank Limited
₦100,000 - ₦109,000/ month
Loan Officer - Entry LevelVictory Empowerment Centre
₦58,000 - ₦62,000/ month
Loan Officer - Intermediate LevelSpectrum Microfinance Bank
₦40,000 - ₦50,000/ month
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