Loan Administration Manager salary in Nigeria

Average Yearly Salary of Loan Administration Manager in Nigeria is approximately 5,679,098 NGN (6,797 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 Administration Manager do?

A Loan Administration Manager is responsible for overseeing the loan administration process within a financial institution. They ensure that loan applications are processed accurately and efficiently, adhering to regulatory requirements and company policies. Their duties include reviewing loan documents, verifying borrower information, managing loan disbursements, and monitoring loan repayments. They also handle customer inquiries, resolve any issues or discrepancies, and provide guidance to loan officers and other staff members. This role requires strong attention to detail, excellent organizational skills, and a thorough understanding of loan products and procedures. A Loan Administration Manager must have knowledge of relevant laws and regulations, as well as the ability to analyze financial data and make informed decisions. Effective communication and interpersonal skills are essential in order to liaise with customers, colleagues, and external stakeholders.

Skills: Loan Administration, Loan Processing, Financial Services, Regulatory Compliance, Customer Service, Risk Management
Job industry: Finance

How much does Loan Administration Manager make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Loan Administration Manager a well paid job?

Yes, our data shows that Loan Administration Manager 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 Loan Administration Manager?

High salary for Loan Administration Manager would be somewhere between 6,247,008 NGN and 8,234,692 NGN. However this is an estimation based on Gaussian Distribution.

How much can you save working as Loan Administration Manager in Nigeria?

Living in Nigeria the approximate monthly expenses are: 206 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: 5,679,098 NGN
Estimated Monthly Salary: 473,258 NGN
Estimated Weekly Salary: 109,213 NGN per week
Estimated Hourly Salary: 2,730 NGN per hour
By working as Loan Administration Manager a person can save up to 361 USD per month or 4,330 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 Nigeria, see costs of living in Nigeria.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Niger, Chad, Cameroon, Benin.
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 Administration Manager

Last revision of data: 2025-01-04

Salary 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 increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

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Data as of 2025

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