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Loan Processor Clerk salary in Colombia

Average Yearly Salary of Loan Processor Clerk in Colombia is approximately 19,242,564 COP (4,262 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 Clerk do?

occupation personasA loan processor clerk is responsible for supporting the loan processing team in a financial institution or mortgage company. Their main duties include reviewing loan applications, verifying applicant information, and ensuring all required documents are complete and accurate. They play a crucial role in the loan approval process by organizing and maintaining loan files, preparing loan documents, and submitting loan packages to underwriters for review. Loan processor clerks also communicate with borrowers, lenders, and other parties involved to obtain missing information or resolve any discrepancies. Attention to detail, strong organizational skills, and knowledge of loan processing procedures and regulations are essential for this role.

Skills: loan processor, loan clerk, loan processing, financial institution, mortgage company, loan approval process.
Job industry: Finance


How much does Loan Processor Clerk make?

Salary details
How much does Loan Processor Clerk make?
Estimated Yearly Salary: 19,242,564 COP
Estimated Monthly Salary: 1,603,547 COP
Estimated Weekly Salary: 370,049 COP per week
Estimated Hourly Salary: 9,251 COP per hour
Values are pre-tax
Last revision of data: 2025-01-04

Comparing salary to last year:
Estimated Yearly Salary: 18,575,508 COP
Estimated Monthly Salary: 1,547,959 COP
Estimated Weekly Salary: 357,221 COP per week
Estimated Hourly Salary: 8,931 COP per hour
Last revision of data: 2024-01-02



Loan Processor Clerk estimated salary in USD
For easier comparison here is an estimated salary in USD:
Estimated Yearly Salary: 4,262 USD
Estimated Monthly Salary: 355 USD
Estimated Weekly Salary: 82 USD per week
Estimated Hourly Salary: 2 USD per hour


Difference in salary year over year or average salary increase is approximately up arrow 4 %

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.

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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 Clerk job salary compared to average salary in Colombia.
Comparison shows that a person working as Loan Processor Clerk in Colombia earns on average:
0.71 times the average salary (or 71% of average salary).

Is Loan Processor Clerk a well paid job?

No, our data shows that Loan Processor Clerk is typically not a well-paid job. The salary varies based on experience. Meaning that even though Loan Processor Clerk might be a low paying job, with experience the salary might increase to satisfactory levels.

What is considered a high salary for Loan Processor Clerk?

High salary for Loan Processor Clerk would be somewhere between 21,166,820 COP and 27,901,718 COP. However this is an estimation based on Gaussian Distribution.

How much can you save working as Loan Processor Clerk 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: 19,242,564 COP
Estimated Monthly Salary: 1,603,547 COP
Estimated Weekly Salary: 370,049 COP per week
Estimated Hourly Salary: 9,251 COP per hour
By working as Loan Processor Clerk a person can save up to 95 USD per month or 1,137 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 Clerk

Ecuador is 4,126 USDdown arrow 3%
Details on Loan Processor Clerk salary in Ecuador
Brazil is 5,318 USDup arrow 25%
Details on Loan Processor Clerk salary in Brazil
Last revision of data: 2025-01-04

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 up arrow+12% salary increase
    6 to 10 years of experience yields up arrow+25% salary increase
    11 to 15 years of experience yields up arrow+16% salary increase
    16 to 25 years of experience yields up arrow+9% salary increase
    more than 25 years of experience yields up arrow+10% salary increase
NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Colombia

(306,660,307 COP per year, pre-tax.)
(254,459,006 COP per year, pre-tax.)
(247,209,986 COP per year, pre-tax.)
(238,795,833 COP per year, pre-tax.)
(238,525,529 COP per year, pre-tax.)
(233,656,491 COP per year, pre-tax.)
(233,604,285 COP per year, pre-tax.)
(233,538,023 COP per year, pre-tax.)
(232,715,450 COP per year, pre-tax.)
(232,262,612 COP per year, pre-tax.)

Data as of 2025

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This website presents salary estimates for informational purposes exclusively.
optisalary.com provides salary data exclusively for informational purposes. While we strive for correctness, we cannot ensure the validity of all figures. Users must verify salary details with reliable sources before making career-related decisions. Salary amounts can fluctuate based on numerous factors, such as geographic location, experience, and job role. We assume no responsibility for errors in the pay figures provided. By using optisalary.com, you acknowledge that salary data is subject to change.
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