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Ikiodiete George
- 2 Min Read
Renmoney Mfb Salary Structure In 2025: Latest Pay For Entry-Level, Graduate Trainee, Managers & Senior Staff (Allowances Included)
Renmoney Microfinance Bank is one of Nigeria’s most popular digital lenders, known for offering fast personal loans and convenient mobile banking services. But beyond the product, Renmoney is also an attractive place to work — especially if you're tech-savvy, performance-driven, and want to grow in the financial sector.
This 2025 salary breakdown explores what Renmoney pays its employees across various roles — from fresh graduates to senior executives — along with extra benefits like allowances, bonuses, and promotions.
Graduate Trainee Salary at Renmoney (2025)
Renmoney runs an onboarding and development program for young graduates interested in fintech, lending, operations, and customer service.
| Position | Monthly Salary (₦) | Annual Estimate (₦) |
|---|---|---|
| Graduate Trainee | ₦100,000 – ₦130,000 | ₦1.2M – ₦1.56M |
Extras include:
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Internet or data stipends
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Training sessions & career mentorship
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Retention bonuses for high-performing trainees
Entry-Level Salary at Renmoney MFB
Once confirmed, trainees or new recruits move into roles like Loan Advisors, Customer Experience Officers, Sales Agents, and Business Analysts.
| Position | Monthly Salary (₦) | Annual Estimate (₦) |
|---|---|---|
| Entry-Level Officer | ₦150,000 – ₦200,000 | ₦1.8M – ₦2.4M |
Perks include:
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Paid annual leave
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Monthly sales or performance bonuses
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HMO health insurance
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Remote work flexibility (in some departments)
Managerial Salary at Renmoney (2025)
Middle managers at Renmoney oversee team performance, workflow, and operations in departments like collections, growth, sales, and IT.
| Position | Monthly Salary (₦) | Annual Estimate (₦) |
|---|---|---|
| Team Lead / Manager | ₦300,000 – ₦550,000 | ₦3.6M – ₦6.6M |
Extra Benefits:
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Staff mobility allowance
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Project-based bonuses
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Performance-linked incentives
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Health insurance upgrade
Senior Staff Salary at Renmoney MFB
This tier covers Heads of Department, Senior Product Managers, Lead Engineers, and Executive Managers.
| Position | Monthly Salary (₦) | Annual Estimate (₦) |
|---|---|---|
| Senior Manager / Director | ₦700,000 – ₦1.5M | ₦8.4M – ₦18M |
Perks include:
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Business travel allowance
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Optional share/equity packages
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Sponsored training programs
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Executive HMO + family coverage
Allowances & Bonuses at Renmoney
| Allowance Type | Monthly Value (₦) | Who Gets It |
|---|---|---|
| Internet Allowance | ₦5,000 – ₦15,000 | Remote/hybrid workers |
| KPI Bonuses | ₦10,000 – ₦200,000+ | Based on targets and goals |
| Medical Insurance (HMO) | Fully covered | All staff; family cover at higher levels |
| Leave Allowance | Paid annually | After probation confirmation |
| Transport/Mobility | ₦20,000 – ₦50,000 | Field/sales and mid-level staff |
Frequently Asked Questions (FAQs)
Q1: Is Renmoney hiring fresh graduates in 2025?
Yes, through their graduate trainee program and internship pipeline.
Q2: Do they offer remote or hybrid work?
Yes, especially for IT, finance, and customer service departments.
Q3: Does Renmoney promote internally?
Absolutely. Performance-based promotions are part of the company culture.
Q4: How often are salaries paid?
Renmoney pays monthly salaries, with some bonuses paid quarterly.
Q5: Is the salary better than traditional banks?
For entry and mid-level roles, Renmoney offers competitive fintech rates, which are often higher than traditional bank salaries.
Conclusion
Renmoney MFB has carved a solid reputation in Nigeria’s fintech space — not just as a lender but also as an employer of choice. With competitive salaries, growth opportunities, and staff-friendly perks, Renmoney offers a solid career platform for ambitious young professionals.
If you're looking to build a fulfilling career in Nigeria’s digital finance industry, Renmoney is a solid option — and yes, they pay well for value delivered.
