Home > Salary > Nigeria > Loan Collector
A loan collector is responsible for managing and collecting overdue debts from borrowers. They work for banks, financial institutions, or debt collection agencies. The primary role of a loan collector is to contact borrowers who have defaulted on their loan payments and negotiate repayment plans. They use various communication methods such as phone calls, emails, and letters to reach out to borrowers and discuss their outstanding debts. Loan collectors also investigate the reasons behind late payments and provide solutions to help borrowers meet their obligations.
Estimated Yearly Salary: 3,005,212 NGN
Estimated Monthly Salary: 250,434 NGN
Estimated Weekly Salary: 57,793 NGN per week
Estimated Hourly Salary: 1,445 NGN per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 242,022 NGN
Estimated Weekly Salary: 55,851 NGN per week
Estimated Hourly Salary: 1,396 NGN per hour
Last revision of data: 2024-01-06
Estimated Yearly Salary: 3,584 USD
Estimated Monthly Salary: 299 USD
Estimated Weekly Salary: 69 USD per week
Estimated Hourly Salary: 2 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
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: 3,005,212 NGN
Estimated Monthly Salary: 250,434 NGN
Estimated Weekly Salary: 57,793 NGN per week
Estimated Hourly Salary: 1,445 NGN per hour
By working as Loan Collector a person can save up to 93 USD per month or 1,117 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.
Estimated Yearly Salary for Loan Collector
Last revision of data: 2025-01-04
Data as of 2025
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Loan Collector salary in Nigeria
Average Yearly Salary of Loan Collector in Nigeria is approximately 3,005,212 NGN (3,584 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 Collector do?
A loan collector is responsible for managing and collecting overdue debts from borrowers. They work for banks, financial institutions, or debt collection agencies. The primary role of a loan collector is to contact borrowers who have defaulted on their loan payments and negotiate repayment plans. They use various communication methods such as phone calls, emails, and letters to reach out to borrowers and discuss their outstanding debts. Loan collectors also investigate the reasons behind late payments and provide solutions to help borrowers meet their obligations.
Skills: Loan Collector, Debt Collection, Financial Services, Credit Management, Negotiation Skills, Customer Relations
Job industry: Finance
Job industry: Finance
How much does Loan Collector make?
Salary details
How much does Loan Collector make?Estimated Yearly Salary: 3,005,212 NGN
Estimated Monthly Salary: 250,434 NGN
Estimated Weekly Salary: 57,793 NGN per week
Estimated Hourly Salary: 1,445 NGN per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 2,904,264 NGNEstimated Monthly Salary: 242,022 NGN
Estimated Weekly Salary: 55,851 NGN per week
Estimated Hourly Salary: 1,396 NGN per hour
Last revision of data: 2024-01-06Loan Collector estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 3,584 USD
Estimated Monthly Salary: 299 USD
Estimated Weekly Salary: 69 USD per week
Estimated Hourly Salary: 2 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %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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Country:
Salary comparison to National average
Nigeria is a country located in West Africa. It is the most populous country on the African continent, with a population of over 200 million people. The country covers an area of about 923,768 square kilometers, making it the 32nd largest country in the world. Nigeria shares borders with Niger, Chad, Cameroon, and Benin.
Estimated national average yearly salary is 3,943,871 NGN (5,140 USD). Value indicated is pre-tax. Below graph shows estimated Loan Collector job salary compared to average salary in Nigeria.
Comparison shows that a person working as Loan Collector in Nigeria earns on average:
0.76 times the average salary (or 76% of average salary).
Estimated national average yearly salary is 3,943,871 NGN (5,140 USD). Value indicated is pre-tax. Below graph shows estimated Loan Collector job salary compared to average salary in Nigeria.
Comparison shows that a person working as Loan Collector in Nigeria earns on average:
0.76 times the average salary (or 76% of average salary).
Is Loan Collector a well paid job?
No, our data shows that Loan Collector is typically not a well-paid job. The salary varies based on experience. Meaning that even though Loan Collector might be a low paying job, with experience the salary might increase to satisfactory levels.What is considered a high salary for Loan Collector?
High salary for Loan Collector would be somewhere between 3,305,733 NGN and 4,357,557 NGN. However this is an estimation based on Gaussian Distribution.How much can you save working as Loan Collector 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: 3,005,212 NGN
Estimated Monthly Salary: 250,434 NGN
Estimated Weekly Salary: 57,793 NGN per week
Estimated Hourly Salary: 1,445 NGN per hour
By working as Loan Collector a person can save up to 93 USD per month or 1,117 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 Collector
Cameroon is 1,164 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 Nigeria
(44,763,887 NGN per year, pre-tax.)
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(34,175,491 NGN per year, pre-tax.)
7. Oncologist
(34,169,925 NGN per year, pre-tax.)
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10. Plastic surgeon
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Data as of 2025Random salary:
Fab technician (3,540,608 NGN per year, pre-tax.)
Gas station clerk (1,596,232 NGN per year, pre-tax.)
Community support specialist (1,916,642 NGN per year, pre-tax.)
Assistant manager customer service (2,388,452 NGN per year, pre-tax.)
Financial engineer (7,774,800 NGN per year, pre-tax.)
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