Loan Operations Manager salary in Nigeria

Average Yearly Salary of Loan Operations Manager in Nigeria is approximately 5,878,835 NGN (7,007 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 Operations Manager do?

A Loan Operations Manager is responsible for overseeing the loan processing and administration activities within a financial institution. They ensure that loan applications are processed efficiently, accurately, and in compliance with company policies and regulatory requirements. Their main duties include managing the loan operations team, monitoring loan portfolios, resolving customer inquiries and complaints, implementing loan processing procedures, and working closely with other departments to ensure smooth loan operations. This role requires strong analytical skills, attention to detail, and knowledge of loan products and processes. The Loan Operations Manager should have excellent communication and leadership abilities to effectively manage a team and collaborate with various stakeholders. They must also stay updated on industry regulations and market trends to ensure compliance and identify opportunities for process improvements.

Skills: Loan Operations Manager, Loan Processing, Loan Administration, Regulatory Compliance, Team Management, Financial Services
Job industry: Banking

How much does Loan Operations 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 Operations Manager a well paid job?

Yes, our data shows that Loan Operations 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 Operations Manager?

High salary for Loan Operations Manager would be somewhere between 6,466,719 NGN and 8,524,311 NGN. However this is an estimation based on Gaussian Distribution.

How much can you save working as Loan Operations 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: 5,878,835 NGN
Estimated Monthly Salary: 489,903 NGN
Estimated Weekly Salary: 113,055 NGN per week
Estimated Hourly Salary: 2,826 NGN per hour
By working as Loan Operations Manager a person can save up to 378 USD per month or 4,540 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 Operations 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.

Top 10 highest salaries in Nigeria

Data as of 2025

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