Loan Assistant salary in Nigeria

Average Yearly Salary of Loan Assistant in Nigeria is approximately 2,817,310 NGN (3,357 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 Assistant do?

A loan assistant is responsible for providing administrative support to loan officers and ensuring smooth operations within a lending institution. They assist in the loan application process by collecting and verifying financial information, preparing loan documents, and coordinating with clients to gather necessary documentation. Loan assistants also maintain loan files, update databases, and track the progress of loan applications. Additionally, they may communicate with customers to answer inquiries, resolve issues, and provide updates on loan status. Strong organizational skills, attention to detail, and knowledge of loan procedures are essential for this role. Loan assistants typically work in banks, credit unions, or other financial institutions.

Skills: Loan Assistant, Administrative Support, Loan Application, Financial Documentation, Customer Service, Loan Processing.
Job industry: Banking

How much does Loan Assistant 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 Assistant a well paid job?

No, our data shows that Loan Assistant is typically not a well-paid job. The salary varies based on experience. Meaning that even though Loan Assistant might be a low paying job, with experience the salary might increase to satisfactory levels.

What is considered a high salary for Loan Assistant?

High salary for Loan Assistant would be somewhere between 3,099,041 NGN and 4,085,100 NGN. However this is an estimation based on Gaussian Distribution.

How much can you save working as Loan Assistant 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: 2,817,310 NGN
Estimated Monthly Salary: 234,776 NGN
Estimated Weekly Salary: 54,179 NGN per week
Estimated Hourly Salary: 1,354 NGN per hour
By working as Loan Assistant a person can save up to 74 USD per month or 890 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 Assistant

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.

Top 10 highest salaries in Nigeria

Data as of 2025

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