Home > Salary > Nigeria > Loan Processing Manager
A loan processing manager is responsible for overseeing the loan application and approval process within a financial institution. They manage a team of loan processors, ensuring that all loan applications are reviewed, verified, and processed efficiently and accurately. The loan processing manager works closely with loan officers, underwriters, and other departments to gather necessary documentation, assess applicant eligibility, and ensure compliance with lending regulations. They also monitor loan pipeline, track loan progress, and resolve any issues or discrepancies that may arise during the loan processing cycle. Additionally, they may be involved in training and mentoring loan processors, implementing process improvements, and analyzing loan data to identify trends and areas for improvement.
Estimated Yearly Salary: 5,177,810 NGN
Estimated Monthly Salary: 431,484 NGN
Estimated Weekly Salary: 99,573 NGN per week
Estimated Hourly Salary: 2,489 NGN per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 417,652 NGN
Estimated Weekly Salary: 96,381 NGN per week
Estimated Hourly Salary: 2,410 NGN per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 6,199 USD
Estimated Monthly Salary: 517 USD
Estimated Weekly Salary: 119 USD per week
Estimated Hourly Salary: 3 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: 5,177,810 NGN
Estimated Monthly Salary: 431,484 NGN
Estimated Weekly Salary: 99,573 NGN per week
Estimated Hourly Salary: 2,489 NGN per hour
By working as Loan Processing Manager a person can save up to 311 USD per month or 3,732 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 Processing Manager
Last revision of data: 2025-01-04
Data as of 2025
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Loan Processing Manager salary in Nigeria
Average Yearly Salary of Loan Processing Manager in Nigeria is approximately 5,177,810 NGN (6,199 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 Processing Manager do?
A loan processing manager is responsible for overseeing the loan application and approval process within a financial institution. They manage a team of loan processors, ensuring that all loan applications are reviewed, verified, and processed efficiently and accurately. The loan processing manager works closely with loan officers, underwriters, and other departments to gather necessary documentation, assess applicant eligibility, and ensure compliance with lending regulations. They also monitor loan pipeline, track loan progress, and resolve any issues or discrepancies that may arise during the loan processing cycle. Additionally, they may be involved in training and mentoring loan processors, implementing process improvements, and analyzing loan data to identify trends and areas for improvement.
Skills: Loan processing manager, Loan application, Loan approval, Financial institution, Compliance, Team management.
Job industry: Finance
Job industry: Finance
How much does Loan Processing Manager make?
Salary details
How much does Loan Processing Manager make?Estimated Yearly Salary: 5,177,810 NGN
Estimated Monthly Salary: 431,484 NGN
Estimated Weekly Salary: 99,573 NGN per week
Estimated Hourly Salary: 2,489 NGN per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 5,011,820 NGNEstimated Monthly Salary: 417,652 NGN
Estimated Weekly Salary: 96,381 NGN per week
Estimated Hourly Salary: 2,410 NGN per hour
Last revision of data: 2024-01-03Loan Processing Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 6,199 USD
Estimated Monthly Salary: 517 USD
Estimated Weekly Salary: 119 USD per week
Estimated Hourly Salary: 3 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
Please type in your occupation and select desired country to see latest trends in salaries.
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 Processing Manager job salary compared to average salary in Nigeria.
Comparison shows that a person working as Loan Processing Manager in Nigeria earns on average:
1.31 times the average salary (or 131% 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 Processing Manager job salary compared to average salary in Nigeria.
Comparison shows that a person working as Loan Processing Manager in Nigeria earns on average:
1.31 times the average salary (or 131% of average salary).
Is Loan Processing Manager a well paid job?
Yes, our data shows that Loan Processing 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 Processing Manager?
High salary for Loan Processing Manager would be somewhere between 5,695,591 NGN and 7,507,825 NGN. However this is an estimation based on Gaussian Distribution.How much can you save working as Loan Processing 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: 5,177,810 NGN
Estimated Monthly Salary: 431,484 NGN
Estimated Weekly Salary: 99,573 NGN per week
Estimated Hourly Salary: 2,489 NGN per hour
By working as Loan Processing Manager a person can save up to 311 USD per month or 3,732 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 Processing Manager
Cameroon is 2,007 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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4. Neurosurgeon
(35,033,176 NGN per year, pre-tax.)
(35,006,913 NGN per year, pre-tax.)
(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
(34,129,168 NGN per year, pre-tax.)
Data as of 2025Random salary:
Floor care attendant (1,735,610 NGN per year, pre-tax.)
Medical director pulmonaryrespiratory (20,113,740 NGN per year, pre-tax.)
Upper school science teacher (4,215,112 NGN per year, pre-tax.)
Inventory control clerk (2,021,051 NGN per year, pre-tax.)
Presser textile garment or related materials (1,873,476 NGN per year, pre-tax.)
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