Home > Salary > Colombia > Loan Processor
A loan processor is responsible for reviewing and verifying loan applications and supporting documents, ensuring that all necessary information is complete and accurate. They work closely with borrowers, lenders, and underwriters to gather required documentation, such as income statements, credit reports, and property appraisals. Loan processors evaluate applicants' financial status and creditworthiness, ensuring that they meet the lender's criteria for loan approval. They also calculate debt-to-income ratios and review loan terms and conditions to ensure compliance with regulations.
Estimated Yearly Salary: 20,604,540 COP
Estimated Monthly Salary: 1,717,045 COP
Estimated Weekly Salary: 396,241 COP per week
Estimated Hourly Salary: 9,906 COP per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 1,654,391 COP
Estimated Weekly Salary: 381,782 COP per week
Estimated Hourly Salary: 9,545 COP per hour
Last revision of data: 2024-01-05
Estimated Yearly Salary: 4,565 USD
Estimated Monthly Salary: 380 USD
Estimated Weekly Salary: 88 USD per week
Estimated Hourly Salary: 2 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
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Estimated Yearly Salary: 20,604,540 COP
Estimated Monthly Salary: 1,717,045 COP
Estimated Weekly Salary: 396,241 COP per week
Estimated Hourly Salary: 9,906 COP per hour
By working as Loan Processor a person can save up to 120 USD per month or 1,440 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Colombia, see costs of living in Colombia.
Estimated Yearly Salary for Loan Processor
Last revision of data: 2025-01-04
Data as of 2025
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Loan Processor salary in Colombia
Average Yearly Salary of Loan Processor in Colombia is approximately 20,604,540 COP (4,565 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Loan Processor do?

Skills: loan processing, financial services, mortgage industry, loan documentation, credit analysis, customer service
Job industry: Finance
Job industry: Finance
How much does Loan Processor make?
Salary details
How much does Loan Processor make?Estimated Yearly Salary: 20,604,540 COP
Estimated Monthly Salary: 1,717,045 COP
Estimated Weekly Salary: 396,241 COP per week
Estimated Hourly Salary: 9,906 COP per hour
Comparing salary to last year:
Estimated Yearly Salary: 19,852,687 COPEstimated Monthly Salary: 1,654,391 COP
Estimated Weekly Salary: 381,782 COP per week
Estimated Hourly Salary: 9,545 COP per hour
Loan Processor estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 4,565 USD
Estimated Monthly Salary: 380 USD
Estimated Weekly Salary: 88 USD per week
Estimated Hourly Salary: 2 USD per hour
Difference in salary year over year or average salary increase is approximately
About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Country:
Salary comparison to National average
Colombia is a country located in South America. It has a population of approximately 50 million people and covers an area of about 1.1 million square kilometers. The country is known for its diverse landscapes, including the Andes Mountains, Amazon rainforest, and Caribbean coastline.
Estimated national average yearly salary is 26,951,400 COP (6,510 USD). Value indicated is pre-tax. Below graph shows estimated Loan Processor job salary compared to average salary in Colombia.
Comparison shows that a person working as Loan Processor in Colombia earns on average:
0.76 times the average salary (or 76% of average salary).
Estimated national average yearly salary is 26,951,400 COP (6,510 USD). Value indicated is pre-tax. Below graph shows estimated Loan Processor job salary compared to average salary in Colombia.
Comparison shows that a person working as Loan Processor in Colombia earns on average:
0.76 times the average salary (or 76% of average salary).
Is Loan Processor a well paid job?
No, our data shows that Loan Processor is typically not a well-paid job. The salary varies based on experience. Meaning that even though Loan Processor might be a low paying job, with experience the salary might increase to satisfactory levels.What is considered a high salary for Loan Processor?
High salary for Loan Processor would be somewhere between 22,664,994 COP and 29,876,583 COP. However this is an estimation based on Gaussian Distribution.How much can you save working as Loan Processor in Colombia?
Living in Colombia the approximate monthly expenses are: 260 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 20,604,540 COP
Estimated Monthly Salary: 1,717,045 COP
Estimated Weekly Salary: 396,241 COP per week
Estimated Hourly Salary: 9,906 COP per hour
By working as Loan Processor a person can save up to 120 USD per month or 1,440 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Colombia, see costs of living in Colombia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Ecuador, Peru, Brazil, Venezuela, Panama. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Loan Processor
Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
- 6 to 10 years of experience yields
- 11 to 15 years of experience yields
- 16 to 25 years of experience yields
- more than 25 years of experience yields
Top 10 highest salaries in Colombia
(306,660,307 COP per year, pre-tax.)
2. Cardiologist
(254,459,006 COP per year, pre-tax.)
(247,209,986 COP per year, pre-tax.)
(238,795,833 COP per year, pre-tax.)
5. Neurosurgeon
(238,525,529 COP per year, pre-tax.)
(233,656,491 COP per year, pre-tax.)
(233,604,285 COP per year, pre-tax.)
8. Oncologist
(233,538,023 COP per year, pre-tax.)
(232,715,450 COP per year, pre-tax.)
(232,262,612 COP per year, pre-tax.)
Random salary:
Cardiac rehabilitation director (40,969,007 COP per year, pre-tax.)
Utilities manager (44,511,719 COP per year, pre-tax.)
Occupation therapist (28,577,108 COP per year, pre-tax.)
Principal investigator clinical research (44,740,980 COP per year, pre-tax.)
Skycap (9,287,754 COP per year, pre-tax.)
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