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Salary data for country: Kenya
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Banking

Salary for position Loan Specialist in Kenya

Gross salary in Kenya is
An employee's salary is influenced by several factors, primarily the region in which they work, length of experience, company size, and more.
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80% of people earn:
485K - 1.3M KES
10% earn less lthan 485K KES
10% earns more than 1.3M KES
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Salaries in the survey are expressed in gross.

Based on the Paylab.com salary survey, 80% of people on the Loan Specialist position in the Kenya earn between 485,376 KES and 1,298,424 KES annually gross.

10% of employees earn less than 485,376 KES and 10% of people earn more than 1,298,424 KES.

The survey is based on data from employees, cleaned of extreme and duplicate values. By taking a free, anonymous survey, you will get a more accurate salary comparison with other people working in the same position as you.
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What kind of work does Loan Specialist typically do

  • Providing advice connected to consumer, mortgage, and commercial loans.
  • Evaluating client creditworthiness pursuant to the lending policy at the financial institution.
  • Concluding loan contracts on behalf of the financial institution.
  • Checking the payment of instalments and the fulfilment of conditions agreed in the loan agreement.
  • Adjusting deadlines and monthly instalments, loan maturity, etc. in the event that a client is temporarily unable to make payments.
  • Contacting competing financial institutions with proposals for co-financing higher-cost investment projects.
  • Cooperating with executors and external companies that deal with the collection of receivables.

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The most common career path of an employee

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Position Loan Specialist in the labour market

In the salary ranking,
the job position takes

341. place

Women representation in position

n/a

Average age of respondent by position

n/a

703. place

Nursery School Teacher Assistant

Education, Science & Research

Salary group 1

268,428 - 588,108 KES

342. place

Health and Safety Officer

Security & Protection

Salary group 2

556,176 - 1,201,740 KES

341. place

Loan Specialist

Banking

Salary group 2

485,376 - 1,298,424 KES

340. place

Specialist Advisor

Public Administration, Self-governance

Salary group 2

592,152 - 1,158,192 KES

1. place

Chief Executive Officer

Top Management

Salary group 3

1,171,308 - 5,579,076 KES

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Frequently asked Questions

Frequently asked questions and answers about the salary for the position Loan Specialist.

The total gross salary for the position Loan Specialist ranges between 34,947 KES and 177,742 KES per month. For an accurate comparison, we recommend checking your salary through the questionnaire on Paylab.com to get a more precise view of the salary, considering the region where you work.

The highest-earning employees in the position Loan Specialist have a total gross salary of at least 108,202 KES per month.

10% of the highest-earning employees in this position have a total gross salary higher than 108,202 KES per month, and 10% of the lowest-earning employees in this position have a total gross salary lower than 40,448 KES per month. By participating in our salary survey, you will get an accurate comparison of your salary with the market average, considering the region where you work.

After working for 5 years, the position Loan Specialist earns 86,272 KES per month gross.

You need to be well prepared for salary negotiations. During salary negotiation, we recommend focusing on the following aspects:
  • find out the current market value of the position – on Paylab.com you can check it for free and anonymously
  • highlight your experience and achievements – it is good to time the salary discussion well
  • expanded responsibilities – if you work beyond your role and assigned duties
  • prepare alternatives – if a salary increase is not possible, there are other options (bonuses, extra vacation, etc.)

The salary data comes from a pay survey where everyone can anonymously compare their salary with other employees working in the same position. We clean and process this data according to our methodology. For the position Loan Specialist, we currently have less than 20 verified respondents collected.