Loan Officer Salary in Nigeria

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.

How much is a Loan Officer paid in Nigeria?

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.

Loan Officer Salaries in Nigeria

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
Ibile Microfinance Bank Limited Salary Scale
Loan Officer - Intermediate Level
Ibile Microfinance Bank Limited
₦100,000 - ₦109,000
/ month
Victory Empowerment Centre Salary Scale
Loan Officer - Entry Level
Victory Empowerment Centre
₦58,000 - ₦62,000
/ month
Spectrum Microfinance Bank Salary Scale
Loan Officer - Intermediate Level
Spectrum Microfinance Bank
₦40,000 - ₦50,000
/ month

  • The salaries on this page are derived from both employer job postings and third party data sources.
  • Salaries for specific roles in the market may vary from the estimates provided here, depending on the industry, type of employer, responsibilities of the role and the profile of the individual.

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