Home > Salary > Kenya > Loan Servicing Specialist
A loan servicing specialist is responsible for managing and overseeing the repayment process of loans. They work in financial institutions, such as banks or mortgage companies, and act as a liaison between borrowers and lenders. Their main duties include processing loan payments, maintaining accurate records of loan transactions, and ensuring compliance with loan terms and regulations. Loan servicing specialists also handle customer inquiries, resolve any issues or disputes related to loan payments, and assist with loan modifications or refinancing requests. They must have a strong understanding of loan products, financial regulations, and excellent communication skills to effectively communicate with borrowers and provide them with accurate information.
Estimated Yearly Salary: 706,267 KES
Estimated Monthly Salary: 58,856 KES
Estimated Weekly Salary: 13,582 KES per week
Estimated Hourly Salary: 340 KES per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 56,827 KES
Estimated Weekly Salary: 13,114 KES per week
Estimated Hourly Salary: 328 KES per hour
Last revision of data: 2024-01-02
Estimated Yearly Salary: 4,464 USD
Estimated Monthly Salary: 372 USD
Estimated Weekly Salary: 86 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: 706,267 KES
Estimated Monthly Salary: 58,856 KES
Estimated Weekly Salary: 13,582 KES per week
Estimated Hourly Salary: 340 KES per hour
By working as Loan Servicing Specialist a person can save up to 132 USD per month or 1,584 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 Loan Servicing Specialist
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
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Loan Servicing Specialist salary in Kenya
Average Yearly Salary of Loan Servicing Specialist in Kenya is approximately 706,267 KES (4,464 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 Loan Servicing Specialist do?
A loan servicing specialist is responsible for managing and overseeing the repayment process of loans. They work in financial institutions, such as banks or mortgage companies, and act as a liaison between borrowers and lenders. Their main duties include processing loan payments, maintaining accurate records of loan transactions, and ensuring compliance with loan terms and regulations. Loan servicing specialists also handle customer inquiries, resolve any issues or disputes related to loan payments, and assist with loan modifications or refinancing requests. They must have a strong understanding of loan products, financial regulations, and excellent communication skills to effectively communicate with borrowers and provide them with accurate information.
Skills: loan servicing, financial institution, loan repayment, customer service, loan management, compliance.
Job industry: Finance
Job industry: Finance
How much does Loan Servicing Specialist make?
Salary details
How much does Loan Servicing Specialist make?Estimated Yearly Salary: 706,267 KES
Estimated Monthly Salary: 58,856 KES
Estimated Weekly Salary: 13,582 KES per week
Estimated Hourly Salary: 340 KES per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 681,928 KESEstimated Monthly Salary: 56,827 KES
Estimated Weekly Salary: 13,114 KES per week
Estimated Hourly Salary: 328 KES per hour
Last revision of data: 2024-01-02Loan Servicing Specialist estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 4,464 USD
Estimated Monthly Salary: 372 USD
Estimated Weekly Salary: 86 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
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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 Loan Servicing Specialist job salary compared to average salary in Kenya.
Comparison shows that a person working as Loan Servicing Specialist in Kenya earns on average:
0.81 times the average salary (or 81% of average salary).
Estimated national average yearly salary is 869,520 KES (6,000 USD). Value indicated is pre-tax. Below graph shows estimated Loan Servicing Specialist job salary compared to average salary in Kenya.
Comparison shows that a person working as Loan Servicing Specialist in Kenya earns on average:
0.81 times the average salary (or 81% of average salary).
Is Loan Servicing Specialist a well paid job?
No / we do not have enough data to assess this.What is considered a high salary for Loan Servicing Specialist?
High salary for Loan Servicing Specialist would be somewhere between 776,894 KES and 1,024,087 KES. However this is an estimation based on Gaussian Distribution.How much can you save working as Loan Servicing Specialist 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: 706,267 KES
Estimated Monthly Salary: 58,856 KES
Estimated Weekly Salary: 13,582 KES per week
Estimated Hourly Salary: 340 KES per hour
By working as Loan Servicing Specialist a person can save up to 132 USD per month or 1,584 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 Loan Servicing Specialist
Ethiopia is 1,431 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.)
2. Cardiologist
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8. Urologist
(7,514,557 KES per year, pre-tax.)
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Data as of 2025Random salary:
Real estate financial analyst (1,136,867 KES per year, pre-tax.)
Laboratory supervisor (921,969 KES per year, pre-tax.)
Activities specialist (307,323 KES per year, pre-tax.)
Records management assistant (476,351 KES per year, pre-tax.)
Longshore equipment operator (640,690 KES per year, pre-tax.)
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