Home > Salary > Kenya > Lending Officer
A lending officer is a financial professional who works in banks, credit unions, or other financial institutions. Their primary responsibility is to evaluate loan applications and determine the creditworthiness of borrowers. Lending officers assess the financial background of applicants, including their income, employment history, credit score, and debt-to-income ratio. They analyze this information to decide whether to approve or deny loan requests, and if approved, they determine the loan amount, interest rate, and repayment terms. Lending officers also guide clients through the loan application process, explaining the various options available and helping them choose the most suitable loan product. Additionally, they may assist with refinancing existing loans or restructuring payment plans. Strong analytical skills, attention to detail, and knowledge of lending regulations are essential for this role.
Estimated Yearly Salary: 1,115,147 KES
Estimated Monthly Salary: 92,929 KES
Estimated Weekly Salary: 21,445 KES per week
Estimated Hourly Salary: 536 KES per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 89,560 KES
Estimated Weekly Salary: 20,668 KES per week
Estimated Hourly Salary: 517 KES per hour
Last revision of data: 2024-01-09
Estimated Yearly Salary: 7,021 USD
Estimated Monthly Salary: 585 USD
Estimated Weekly Salary: 135 USD per week
Estimated Hourly Salary: 3 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: 1,115,147 KES
Estimated Monthly Salary: 92,929 KES
Estimated Weekly Salary: 21,445 KES per week
Estimated Hourly Salary: 536 KES per hour
By working as Lending Officer a person can save up to 345 USD per month or 4,141 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 Lending Officer
Last revision of data: 2025-01-04
Data as of 2025
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Lending Officer salary in Kenya
Average Yearly Salary of Lending Officer in Kenya is approximately 1,115,147 KES (7,021 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 Lending Officer do?
A lending officer is a financial professional who works in banks, credit unions, or other financial institutions. Their primary responsibility is to evaluate loan applications and determine the creditworthiness of borrowers. Lending officers assess the financial background of applicants, including their income, employment history, credit score, and debt-to-income ratio. They analyze this information to decide whether to approve or deny loan requests, and if approved, they determine the loan amount, interest rate, and repayment terms. Lending officers also guide clients through the loan application process, explaining the various options available and helping them choose the most suitable loan product. Additionally, they may assist with refinancing existing loans or restructuring payment plans. Strong analytical skills, attention to detail, and knowledge of lending regulations are essential for this role.
Skills: Lending officer, Credit analysis, Loan evaluation, Financial institution, Loan processing, Creditworthiness
Job industry: Banking
Job industry: Banking
How much does Lending Officer make?
Salary details
How much does Lending Officer make?Estimated Yearly Salary: 1,115,147 KES
Estimated Monthly Salary: 92,929 KES
Estimated Weekly Salary: 21,445 KES per week
Estimated Hourly Salary: 536 KES per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 1,074,716 KESEstimated Monthly Salary: 89,560 KES
Estimated Weekly Salary: 20,668 KES per week
Estimated Hourly Salary: 517 KES per hour
Last revision of data: 2024-01-09Lending Officer estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 7,021 USD
Estimated Monthly Salary: 585 USD
Estimated Weekly Salary: 135 USD per week
Estimated Hourly Salary: 3 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 Lending Officer job salary compared to average salary in Kenya.
Comparison shows that a person working as Lending Officer in Kenya earns on average:
1.28 times the average salary (or 128% of average salary).
Estimated national average yearly salary is 869,520 KES (6,000 USD). Value indicated is pre-tax. Below graph shows estimated Lending Officer job salary compared to average salary in Kenya.
Comparison shows that a person working as Lending Officer in Kenya earns on average:
1.28 times the average salary (or 128% of average salary).
Is Lending Officer a well paid job?
Yes, our data shows that Lending Officer is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Lending Officer?
High salary for Lending Officer would be somewhere between 1,226,662 KES and 1,616,963 KES. However this is an estimation based on Gaussian Distribution.How much can you save working as Lending Officer 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: 1,115,147 KES
Estimated Monthly Salary: 92,929 KES
Estimated Weekly Salary: 21,445 KES per week
Estimated Hourly Salary: 536 KES per hour
By working as Lending Officer a person can save up to 345 USD per month or 4,141 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 Lending Officer
Ethiopia is 2,251 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:
Mechanic aircraft (752,942 KES per year, pre-tax.)
Security guard (502,122 KES per year, pre-tax.)
Order clerk (526,930 KES per year, pre-tax.)
Derrickhand (970,547 KES per year, pre-tax.)
Food production supervisor (909,290 KES per year, pre-tax.)
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This website compiles salary information for educational use exclusively. While we strive to deliver correct estimates, we cannot warrant their full reliability. Users are highly encouraged to check with additional databases before finalizing career-related decisions. Salary figures fluctuate based on several factors, such as industry trends, negotiation power, and regional demand. We make no guarantees as to the validity of the listed data. Your access of this site indicates acceptance of this disclaimer.