Home > Salary > Kenya > Banking Collector
A banking collector is responsible for recovering outstanding debts from customers on behalf of a bank or financial institution. They are typically tasked with contacting customers who have fallen behind on loan payments, credit card bills, or other financial obligations. The main objective of a banking collector is to negotiate payment arrangements, set up repayment plans, and ensure that customers meet their financial commitments.
This occupation requires excellent communication and negotiation skills, as collectors must engage with customers to understand their financial situations and find mutually agreeable solutions. They also need to be persistent and assertive while maintaining professionalism and empathy towards customers facing financial difficulties. Attention to detail is crucial in documenting conversations, updating customer records, and following legal and regulatory guidelines.
Estimated Yearly Salary: 664,659 KES
Estimated Monthly Salary: 55,388 KES
Estimated Weekly Salary: 12,782 KES per week
Estimated Hourly Salary: 320 KES per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 53,391 KES
Estimated Weekly Salary: 12,321 KES per week
Estimated Hourly Salary: 308 KES per hour
Last revision of data: 2024-01-08
Estimated Yearly Salary: 4,189 USD
Estimated Monthly Salary: 349 USD
Estimated Weekly Salary: 81 USD per week
Estimated Hourly Salary: 2 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 664,659 KES
Estimated Monthly Salary: 55,388 KES
Estimated Weekly Salary: 12,782 KES per week
Estimated Hourly Salary: 320 KES per hour
By working as Banking Collector a person can save up to 109 USD per month or 1,309 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Kenya, see costs of living in Kenya.
Estimated Yearly Salary for Banking Collector
Last revision of data: 2025-01-04
Data as of 2025
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Banking Collector salary in Kenya
Average Yearly Salary of Banking Collector in Kenya is approximately 664,659 KES (4,189 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Banking Collector do?
A banking collector is responsible for recovering outstanding debts from customers on behalf of a bank or financial institution. They are typically tasked with contacting customers who have fallen behind on loan payments, credit card bills, or other financial obligations. The main objective of a banking collector is to negotiate payment arrangements, set up repayment plans, and ensure that customers meet their financial commitments.
This occupation requires excellent communication and negotiation skills, as collectors must engage with customers to understand their financial situations and find mutually agreeable solutions. They also need to be persistent and assertive while maintaining professionalism and empathy towards customers facing financial difficulties. Attention to detail is crucial in documenting conversations, updating customer records, and following legal and regulatory guidelines.
Skills: Banking, Debt Recovery, Collections, Negotiation, Customer Service, Financial Obligations.
Job industry: Finance
Job industry: Finance
How much does Banking Collector make?
Salary details
How much does Banking Collector make?Estimated Yearly Salary: 664,659 KES
Estimated Monthly Salary: 55,388 KES
Estimated Weekly Salary: 12,782 KES per week
Estimated Hourly Salary: 320 KES per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 640,690 KESEstimated Monthly Salary: 53,391 KES
Estimated Weekly Salary: 12,321 KES per week
Estimated Hourly Salary: 308 KES per hour
Last revision of data: 2024-01-08Banking Collector estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 4,189 USD
Estimated Monthly Salary: 349 USD
Estimated Weekly Salary: 81 USD per week
Estimated Hourly Salary: 2 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Salary comparison to National average
Kenya is a country located in East Africa. It has a diverse population of approximately 53 million people. The land area of Kenya is around 580,367 square kilometers, making it the 48th largest country in the world. It is bordered by Ethiopia to the north, Somalia to the northeast, Tanzania to the south, Uganda to the west, and South Sudan to the northwest.
Estimated national average yearly salary is 869,520 KES (6,000 USD). Value indicated is pre-tax. Below graph shows estimated Banking Collector job salary compared to average salary in Kenya.
Comparison shows that a person working as Banking Collector in Kenya earns on average:
0.76 times the average salary (or 76% of average salary).
Estimated national average yearly salary is 869,520 KES (6,000 USD). Value indicated is pre-tax. Below graph shows estimated Banking Collector job salary compared to average salary in Kenya.
Comparison shows that a person working as Banking Collector in Kenya earns on average:
0.76 times the average salary (or 76% of average salary).
Is Banking Collector a well paid job?
No, our data shows that Banking Collector is typically not a well-paid job. The salary varies based on experience. Meaning that even though Banking Collector might be a low paying job, with experience the salary might increase to satisfactory levels.What is considered a high salary for Banking Collector?
High salary for Banking Collector would be somewhere between 731,125 KES and 963,756 KES. However this is an estimation based on Gaussian Distribution.How much can you save working as Banking Collector in Kenya?
Living in Kenya the approximate monthly expenses are: 240 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 664,659 KES
Estimated Monthly Salary: 55,388 KES
Estimated Weekly Salary: 12,782 KES per week
Estimated Hourly Salary: 320 KES per hour
By working as Banking Collector a person can save up to 109 USD per month or 1,309 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Kenya, see costs of living in Kenya.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Ethiopia, Somalia, South Sudan, Tanzania, Uganda.. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Banking Collector
Ethiopia is 1,348 USD
Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Kenya
(9,866,711 KES per year, pre-tax.)
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8. Urologist
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Data as of 2025Random salary:
Programmer analyst (1,263,536 KES per year, pre-tax.)
Payroll benefits administration manager (1,325,190 KES per year, pre-tax.)
Horticulturist (445,619 KES per year, pre-tax.)
Early childhood center director (630,012 KES per year, pre-tax.)
Principal process engineer (1,912,944 KES per year, pre-tax.)
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