Average Loan Collector Salary in Peru for 2024

In this article, we will look at the average Loan Collector salary for 2024 in Peru and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Peruvian sol. To keep things simple, we are using the PEN currency code instead of the currency symbol S/ .

How Much Does a Loan Collector Make in Peru?

A Loan Collector working in Peru will typically earn around 31,660 PEN per year, and this can range from the lowest average salary of about 12,580 PEN to the highest average salary of 47,400 PEN.

Average Annual Salary
31,660 PEN
Average Monthly Salary
2,638 PEN

Lowest Annual Salary
12,580 PEN
Lowest Monthly Salary
1,048 PEN

Highest Annual Salary
47,400 PEN
Highest Monthly Salary
3,950 PEN

These are average salaries for a Loan Collector in Peru and include benefits such as housing and transport. It's also possible for a Loan Collector to earn more or less than the average salaries shown above.

Loan Collector salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Loan Collector Salaries in Peru

So we've looked at the average salaries a Loan Collector will earn in Peru. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Loan Collector can earn between 12,580 PEN and 47,400 PEN on average in Peru. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Loan Collector in Peru is 34,080 PEN. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 34,080 PEN, and 50% of the population earn more than 34,080 PEN.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Loan Collector salary in Peru, 25% of the population are earning less than 21,400 PEN while 75% of the population earn more than 21,400 PEN.

75% of the population earn less than 44,300 PEN, and 25% of the population earn more than 44,300 PEN.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Loan Collector Salary by Experience Level in Peru

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average loan collector salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Loan Collector in Peru that has less than two years of experience can expect to earn somewhere in the region of 17,540 PEN.
  • 2 - 5 Years Experience. With two to five years of experience the average Loan Collector salary would increase to 21,980 PEN.
  • 5 - 10 Years Experience. From five to ten years of experience as a Loan Collector, the average salary would be 30,700 PEN.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 37,880 PEN.
  • 15 - 20 Years Experience. A Loan Collector with 15 to 20 years of experience can earn an average of 40,640 PEN.
  • 20+ Years Experience. For a Loan Collector with more than 20 years, the expected average salary increases to 43,760 PEN.

Average Salary by Experience Chart

0-2 Years
17,540 PEN
2-5 Years +38%
21,980 PEN
5-10 Years +42%
30,700 PEN
10-15 Years +22%
37,880 PEN
15-20 Years +6%
40,640 PEN
20+ Years +9%
43,760 PEN

Loan Collector Salary by Education Level in Peru

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Loan Collector in Peru based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Loan Collector in Peru with a high school education can earn an average salary of 19,480 PEN.

  • Certificate or Diploma. A Loan Collector in Peru with a certificate or diploma education can earn an average salary of 28,680 PEN.

  • Bachelor's Degree. A Loan Collector in Peru with a bachelor's degree education can earn an average salary of 44,540 PEN.

Average Salary by Education Chart

High School
19,480 PEN
Certificate or Diploma +51%
28,680 PEN
Bachelor's Degree +50%
44,540 PEN

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Peru is around 37,700 to 113,000 PEN and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Loan Collector Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Peru, a male loan collector will earn an average of 33,120 PEN, while a female loan collector will earn around 27,560 PEN.

This means that a male loan collector earns approximately 20% more than a female loan collector for performing the same job.

Average Salary by Gender Chart in Peru

Male
33,120 PEN
Female -20%
27,560 PEN

Loan Collector Average Pay Raise in Peru

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Loan Collector in Peru is around 12% every 15 months.

The national average pay raise across all professions and industries in Peru is around 9% every 17 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 12 ÷ 15 ) × 12  = 10%

What this means is that a Loan Collector in Peru can expect to receive an average pay raise of around 10% every 12 months.

Annual Pay Raise by Industry in Peru for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Peru.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

Loan Collector Bonus and Incentive Rates in Peru

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Loan Collector is a low bonus based job, with 30% of employees reporting at least one bonus in the last 12 months.

70% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 0% to 4%.

Received Bonus
30%
No Bonus
70%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Peru earn approximately 10% more than private sector employees in the same role.

Public Sector
93,880 PEN
Private Sector -10%
85,700 PEN

Salaries for Jobs Similar to a Loan Collector

In the table below, we have salary information for jobs that are similar to a Loan Collector in Peru.

Job Title Category Salary
AML Analyst Banking 138,200 PEN
Assistant Bank Branch Manager Banking 118,260 PEN
Assistant Bank Manager Banking 152,100 PEN
ATM Manager Banking 125,100 PEN
ATM Service Technician Banking 36,020 PEN
Bank Accounts Analyst Banking 50,560 PEN
Bank Accounts Collector Banking 31,180 PEN
Bank Accounts Controller Banking 64,180 PEN
Bank Accounts Executive Banking 92,500 PEN
Bank Accounts Manager Banking 114,000 PEN
Bank Auditing Manager Banking 113,740 PEN
Bank Branch Manager Banking 163,800 PEN
Bank Branch Operations Coordinator Banking 65,080 PEN
Bank Clerk Banking 32,620 PEN
Bank Client Service Associate Banking 40,600 PEN
Bank Collector Banking 31,660 PEN
Bank Compliance Specialist Banking 83,760 PEN
Bank Manager Banking 181,600 PEN
Bank Operational Risk Manager Banking 187,300 PEN
Bank Operations Head Banking 195,200 PEN
Bank Operations Officer Banking 72,740 PEN
Bank Operations Specialist Banking 107,880 PEN
Bank Process Manager Banking 105,980 PEN
Bank Product Manager Banking 119,900 PEN
Bank Programme Manager Banking 129,000 PEN
Bank Project Manager Banking 150,000 PEN
Bank Propositions Manager Banking 136,100 PEN
Bank Quantitative Analyst Banking 89,980 PEN
Bank Regional Manager Banking 197,600 PEN
Bank Regional Risk Officer Banking 93,600 PEN
Bank Relationship Manager Banking 142,300 PEN
Bank Relationship Officer Banking 66,480 PEN
Bank Teller Banking 31,040 PEN
Banker Banking 65,800 PEN
Banking Business Analyst Banking 99,080 PEN
Banking Business Development Officer Banking 62,420 PEN
Banking Business Planning Executive Banking 130,400 PEN
Banking Product Manager Banking 123,400 PEN
Banking Reference Data Manager Banking 103,200 PEN
Banking Risk Analyst Banking 99,280 PEN
Banking Technical Analyst Banking 51,100 PEN
Bankruptcy Coordinator Banking 69,060 PEN
Bill and Account Collector Banking 31,040 PEN
Budget Analyst Banking 93,340 PEN
Capital Risk Manager Banking 183,700 PEN
Cards Marketing Manager Banking 123,400 PEN
Cash Management Manager Banking 167,100 PEN
Check Processing Manager Banking 119,700 PEN
Commercial Vault Associate Banking 96,680 PEN
Corporate Banker Banking 70,940 PEN
Corporate Dealer Banking 97,060 PEN
Credit Analyst Banking 72,260 PEN
Credit and Collections Manager Banking 136,200 PEN
Credit Card Fraud Investigator Banking 100,140 PEN
Credit Portfolio Manager Banking 187,500 PEN
Credit Risk Analyst Banking 110,120 PEN
Credit Risk Associate Banking 101,920 PEN
Direct Bank Sales Representative Banking 65,920 PEN
Exchange Control Consultant Banking 102,380 PEN
Executive Account Analyst Banking 92,400 PEN
Financial Bank Planning Consultant Banking 119,700 PEN
Financial Banking Analysis Manager Banking 146,200 PEN
Financial Banking Assistant Banking 45,620 PEN
Financial Banking Systems Manager Banking 125,700 PEN
Foreign Exchange Manager Banking 146,200 PEN
Fraud Analyst Banking 102,160 PEN
Fraud Detection Associate Banking 69,060 PEN
Fraud Detection Manager Banking 150,000 PEN
Fraud Detection Supervisor Banking 82,160 PEN
Internal Bank Audit Manager Banking 175,900 PEN
Internal Bank Auditor Banking 92,900 PEN
Internal Private Banker Banking 73,820 PEN
International Banking Manager Banking 189,300 PEN
Investment Banking Analyst Banking 137,400 PEN
Loan Analyst Banking 96,500 PEN
Loan Area Manager Banking 123,400 PEN
Loan Audit Team Leader Banking 115,260 PEN
Loan Branch Manager Banking 108,340 PEN
Loan Business Development Officer Banking 57,800 PEN
Loan Clerk Banking 31,040 PEN
Loan Collection and Recovery Manager Banking 113,560 PEN
Loan Collection Manager Banking 116,740 PEN
Loan Examiner Banking 45,060 PEN
Loan Officer Banking 36,800 PEN
Loan Processing Manager Banking 105,980 PEN
Loan Processor Banking 42,040 PEN
Loan Quality Assurance Auditor Banking 102,380 PEN
Loan Quality Assurance Manager Banking 108,340 PEN
Loan Quality Assurance Representative Banking 72,360 PEN
Loan Review Manager Banking 103,440 PEN
Loan Team Leader Banking 99,340 PEN
Loans Manager Banking 128,900 PEN
Mortgage Advisor Banking 66,100 PEN
Mortgage Collection Manager Banking 107,860 PEN
Mortgage Collector Banking 31,040 PEN
Mortgage Credit Analyst Banking 52,180 PEN
Mortgage Credit Manager Banking 105,800 PEN
Mortgage Development Manager Banking 128,500 PEN
Mortgage Document Reviewer Banking 43,220 PEN
Mortgage Funding Manager Banking 123,400 PEN
Mortgage Operations Manager Banking 172,400 PEN
Mortgage Payment Processing Clerk Banking 38,260 PEN
Mortgage Processing Manager Banking 104,060 PEN
Mortgage Processor Banking 45,600 PEN
Mortgage Quality Assurance Auditor Banking 93,280 PEN
Mortgage Quality Assurance Manager Banking 114,900 PEN
Mortgage Servicing Clerk Banking 34,160 PEN
Mortgage Servicing Manager Banking 103,900 PEN
Mortgage Underwriter Banking 41,180 PEN
Online Banking Manager Banking 172,200 PEN
Payment Processing Clerk Banking 35,560 PEN
Personal Banker Banking 70,940 PEN
Personal Banking Advisor Banking 69,540 PEN
Phone Banker Banking 48,820 PEN
Private Banker Banking 67,900 PEN
Reconciliation and Investigation Specialist Banking 80,340 PEN
Tax Officer Banking 60,480 PEN
Teller Banking 33,440 PEN
Trade Officer Banking 38,700 PEN
Trade Product Manager Banking 109,460 PEN
Trader Banking 48,940 PEN
Treasury Operations Officer Banking 87,880 PEN

Salary Comparison by City

If you want to compare salaries with different cities in Peru, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Arequipa 34,120 PEN
Chiclayo 29,600 PEN
Cusco 30,840 PEN
Huancayo 30,220 PEN
Iquitos 28,900 PEN
Lima 33,520 PEN
Trujillo 34,160 PEN

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