Loan Originator salary in Nigeria

Average Yearly Salary of Loan Originator in Nigeria is approximately 4,267,435 NGN (5,122 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 Originator do?

A loan originator is a financial professional who specializes in assisting individuals and businesses in obtaining loans. They work closely with clients to understand their financial needs and goals, evaluate their creditworthiness, and guide them through the loan application process. Loan originators are responsible for gathering all necessary documentation, such as income statements and credit reports, to determine eligibility for various loan programs. They also analyze and compare loan options, negotiate terms with lenders, and ensure compliance with lending regulations. Additionally, loan originators must maintain relationships with clients and provide ongoing support throughout the loan process.

Skills: Loan originator, Financial professional, Loan application process, Credit analysis, Loan options, Lending regulations.
Job industry: Finance

How much does Loan Originator 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 Originator a well paid job?

Yes, our data show that Loan Originator is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Loan Originator?

High salary for Loan Originator would be somewhere between 4,694,179 NGN and 6,187,781 NGN. However this is an estimation based on Gaussian Distribution.

How much can you save working as Loan Originator 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: 4,267,435 NGN
Estimated Monthly Salary: 355,620 NGN
Estimated Weekly Salary: 82,066 NGN per week
Estimated Hourly Salary: 2,052 NGN per hour
By working as Loan Originator a person can save up to 221 USD per month or 2,655 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 Originator

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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