VFD Microfinance Bank (VFD MFB) is one of Nigeria’s fastest-growing digital financial institutions, offering innovative banking services through its tech-driven platform. As of 2025, the bank has established itself as a competitive employer by offering attractive salary packages and incentives across all employment levels.
This blog provides an updated breakdown of VFD MFB’s 2025 salary structure—covering entry-level, mid-level, and senior positions—along with a look at their employee benefits and bonuses.
VFD MFB Entry-Level Salary Structure (2025)
Starting a career at VFD MFB offers promising financial rewards, especially for graduates and early-career professionals. Entry-level roles are not only well-paid but also come with performance-based perks.
- Customer Service Representative: ₦2,000,000 – ₦3,500,000 per annum
- Loan Officer: ₦2,500,000 – ₦5,000,000 per annum
- Teller/Banking Assistant: ₦150,000 – ₦200,000 per month
These positions often include probationary performance reviews and structured growth plans within the organization.
Mid-Level Positions and Salaries
As staff grow in experience and assume more responsibilities, their earnings increase significantly. Mid-level positions typically involve team leadership or departmental coordination.
- Operations Manager: ₦5,000,000 – ₦8,000,000 per annum
- Branch Manager: ₦6,000,000 – ₦10,000,000 per annum
- Finance Officer: ₦1,500,000 – ₦1,800,000 per annum
Mid-tier roles also come with performance bonuses, mobile allowances, and pension contributions.
Senior Staff & Specialized Roles
Senior staff and those in tech-focused or product management roles enjoy some of the highest compensation at VFD MFB. These positions are key to strategy, innovation, and driving business growth.
- Software Engineer: ₦3,000,000 – ₦5,000,000 per annum
- Senior Product Manager: ₦8,000,000 – ₦10,000,000 per annum
- Head of Business Segment: ₦10,000,000+ per annum
- Sales Manager: ₦6,000,000 – ₦12,000,000 per annum
In addition to base pay, these roles often come with equity options, strategic bonuses, and executive benefits.
Incentives, Allowances & Bonus Packages
VFD MFB offers a robust reward system that includes financial and non-financial perks:
- Health Insurance: Comprehensive coverage for employees and dependents
- Pension Scheme: In accordance with Nigeria’s pension regulatory framework
- Performance Bonuses: Issued quarterly or annually based on KPIs
- Referral Incentives: Through the “Veelager Program”, staff and partners can earn up to ₦2 million monthly by referring new users to the bank
- Training and Upskilling: Local and international opportunities for professional development
- Work Flexibility: Certain positions enjoy hybrid or remote working options
These benefits reflect VFD MFB’s commitment to employee satisfaction, growth, and retention.
VFD MFB vs Other Microfinance Banks
Let’s compare VFD MFB’s salary scale with a few other top microfinance institutions in Nigeria:
|
Bank |
Entry-Level Salary (Monthly) |
Mid-Level |
Senior-Level |
|
VFD MFB |
₦150,000 – ₦300,000 |
₦500,000 – ₦800,000 |
₦1,000,000+ per month |
|
Accion Microfinance |
₦150,000 – ₦200,000 |
₦350,000 – ₦600,000 |
₦800,000 – ₦1.2 million |
|
LAPO Microfinance |
₦120,000 – ₦180,000 |
₦350,000 – ₦500,000 |
₦700,000 – ₦1 million |
VFD MFB clearly stands out for its tech and performance-based compensation structure.
FAQs
Q1: What is the entry-level salary at VFD MFB in 2025?
A: Entry-level salaries range from ₦150,000 to ₦300,000 per month, depending on the role.
Q2: Does VFD MFB pay bonuses?
A: Yes. Staff receive performance bonuses and can also earn up to ₦2 million monthly through referral programs like “Veelager.”
Q3: What is the salary of a Software Engineer at VFD MFB?
A: Software Engineers earn between ₦3 million and ₦5 million annually.
Q4: Are remote jobs available at VFD MFB?
A: Some roles, especially in tech and digital marketing, allow for hybrid or remote work options.
Q5: What benefits do employees receive?
A: Health insurance, pension, bonuses, work tools, training programs, and performance-based promotions.
Conclusion
VFD Microfinance Bank's 2025 salary and allowance structure reflects its commitment to rewarding talent and fostering innovation. Whether you're a fresh graduate or a seasoned expert in fintech, VFD offers one of the most competitive packages in Nigeria's microfinance banking industry.
The bank’s performance bonuses, referral incentives, and career advancement programs make it a great choice for professionals seeking financial stability and growth in the digital finance space.
