Senior Loan Servicing Representative salary in Nigeria

Average Yearly Salary of Senior Loan Servicing Representative in Nigeria is approximately 5,234,590 NGN (6,250 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 Senior Loan Servicing Representative do?

A senior loan servicing representative is responsible for managing and overseeing the loan servicing process within a financial institution. They handle a variety of tasks, including reviewing loan documents, ensuring compliance with regulations, processing payments, and resolving customer inquiries or concerns. They also coordinate with other departments, such as underwriting and collections, to ensure smooth loan servicing operations. This role requires excellent communication skills, attention to detail, and a strong understanding of loan products and processes. The senior loan servicing representative must be able to analyze complex loan data, interpret policies and guidelines, and make informed decisions. They should also possess problem-solving abilities to address any issues that may arise during the loan servicing process.

Skills: senior loan servicing representative, loan management, loan servicing, financial institution, customer service, compliance.
Job industry: Finance

How much does Senior Loan Servicing Representative make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Senior Loan Servicing Representative a well paid job?

Yes, our data shows that Senior Loan Servicing Representative 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 Senior Loan Servicing Representative?

High salary for Senior Loan Servicing Representative would be somewhere between 5,758,049 NGN and 7,590,156 NGN. However this is an estimation based on Gaussian Distribution.

How much can you save working as Senior Loan Servicing Representative 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: 5,234,590 NGN
Estimated Monthly Salary: 436,216 NGN
Estimated Weekly Salary: 100,665 NGN per week
Estimated Hourly Salary: 2,517 NGN per hour
By working as Senior Loan Servicing Representative a person can save up to 315 USD per month or 3,783 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 Senior Loan Servicing Representative

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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