Hourly wage for inexperienced credit and loans officers ₦354 to ₦1,077

17 Dec 2023 - Credit and loans officers who work for 20 years will receive a salary ranging from ₦65,756 to ₦168,010 per month. Workers in this occupation who have 20 years of experience, receive a hourly salary ranging from ₦345 to ₦882. This is evident from research conducted by Mywage.ng, in 2023.

Highest salary for credit and loans officers with 0 years of experience: ₦67,478 to ₦205,125 per month

Workers in this occupation with 0 years of work experience earn the highest salary: between ₦67,478 and ₦205,125 per month. People in this job who work for 20 years will receive an hourly wage ranging from ₦345 to ₦882.

Credit and loans officers mostly male

31% of the respondents are female, 69% are male. The age group for employees who answered the survey was mostly between 40 and 49 years of age.

Average working week of 41 hours

Coverage by collective bargaining amongst workers in this occupation is 1%, while 99% are not covered by a collective agreement, according to our survey. On average, people in this job work 41 hours per week.

29% of credit and loans officers more than 30 years of work experience

93% of employees state that they have no permanent contract for their job. 7% of workers in this occupation state that they have a permanent contract for the work that they are doing. For most workers in this occupation, the majority of their coworkers are female. The majority of employees work in organisations of 500 or more employees. Of the participating people in this job, 1% work in a multinational organisation. 29% of employees have worked more than 30 years since their first job.

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