Home > Salary > Ethiopia > Assistant Loan Officer
An assistant loan officer is responsible for supporting the loan officers in various tasks related to the loan application and approval process. They assist in gathering and verifying financial documents, conducting credit checks, and evaluating loan applications. Additionally, they may communicate with clients to clarify information, answer inquiries, and provide updates on the loan status. Assistant loan officers also assist in preparing loan packages, ensuring all necessary documentation is complete and accurate. They may be involved in coordinating loan closings, preparing loan agreements, and maintaining records of loan transactions. Attention to detail, strong organizational skills, and knowledge of lending regulations are essential for this role.
Estimated Yearly Salary: 75,496 ETB
Estimated Monthly Salary: 6,291 ETB
Estimated Weekly Salary: 1,452 ETB per week
Estimated Hourly Salary: 36 ETB per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 6,070 ETB
Estimated Weekly Salary: 1,401 ETB per week
Estimated Hourly Salary: 35 ETB per hour
Last revision of data: 2024-01-08
Estimated Yearly Salary: 1,260 USD
Estimated Monthly Salary: 105 USD
Estimated Weekly Salary: 24 USD per week
Estimated Hourly Salary: 1 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.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 75,496 ETB
Estimated Monthly Salary: 6,291 ETB
Estimated Weekly Salary: 1,452 ETB per week
Estimated Hourly Salary: 36 ETB per hour
By working as Assistant Loan Officer a person can save up to 28 USD per month or 338 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 Ethiopia, see costs of living in Ethiopia.
Estimated Yearly Salary for Assistant Loan Officer
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Logistics planning manager (168,240 ETB per year, pre-tax.)
Intermediate care facility (icf), residential manager (66,918 ETB per year, pre-tax.)
Gluer (66,318 ETB per year, pre-tax.)
Director of international trade compliance (285,060 ETB per year, pre-tax.)
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Assistant Loan Officer salary in Ethiopia
Average Yearly Salary of Assistant Loan Officer in Ethiopia is approximately 75,496 ETB (1,260 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 Assistant Loan Officer do?
An assistant loan officer is responsible for supporting the loan officers in various tasks related to the loan application and approval process. They assist in gathering and verifying financial documents, conducting credit checks, and evaluating loan applications. Additionally, they may communicate with clients to clarify information, answer inquiries, and provide updates on the loan status. Assistant loan officers also assist in preparing loan packages, ensuring all necessary documentation is complete and accurate. They may be involved in coordinating loan closings, preparing loan agreements, and maintaining records of loan transactions. Attention to detail, strong organizational skills, and knowledge of lending regulations are essential for this role.
Skills: Loan processing, Financial analysis, Customer service, Loan documentation, Credit evaluation, Loan administration
Job industry: Banking
Job industry: Banking
How much does Assistant Loan Officer make?
Salary details
How much does Assistant Loan Officer make?Estimated Yearly Salary: 75,496 ETB
Estimated Monthly Salary: 6,291 ETB
Estimated Weekly Salary: 1,452 ETB per week
Estimated Hourly Salary: 36 ETB per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 72,840 ETBEstimated Monthly Salary: 6,070 ETB
Estimated Weekly Salary: 1,401 ETB per week
Estimated Hourly Salary: 35 ETB per hour
Last revision of data: 2024-01-08Assistant Loan Officer estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 1,260 USD
Estimated Monthly Salary: 105 USD
Estimated Weekly Salary: 24 USD per week
Estimated Hourly Salary: 1 USD per hour
Difference in salary year over year or average salary increase is approximately
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.
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
Ethiopia is a landlocked country located in the Horn of Africa. With a population of over 114 million people, it is the second-most populous country in Africa. Covering an area of approximately 1.1 million square kilometers, Ethiopia is the 27th largest country in the world. It shares borders with Eritrea to the north, Sudan to the west, South Sudan to the southwest, Kenya to the south, Somalia to the east, and Djibouti to the northeast.
Estimated national average yearly salary is 105,216 ETB (1,920 USD). Value indicated is pre-tax. Below graph shows estimated Assistant Loan Officer job salary compared to average salary in Ethiopia.
Comparison shows that a person working as Assistant Loan Officer in Ethiopia earns on average:
0.72 times the average salary (or 72% of average salary).
Estimated national average yearly salary is 105,216 ETB (1,920 USD). Value indicated is pre-tax. Below graph shows estimated Assistant Loan Officer job salary compared to average salary in Ethiopia.
Comparison shows that a person working as Assistant Loan Officer in Ethiopia earns on average:
0.72 times the average salary (or 72% of average salary).
Is Assistant Loan Officer a well paid job?
No, our data shows that Assistant Loan Officer is typically not a well-paid job. The salary varies based on experience. Meaning that even though Assistant Loan Officer might be a low paying job, with experience the salary might increase to satisfactory levels.What is considered a high salary for Assistant Loan Officer?
High salary for Assistant Loan Officer would be somewhere between 83,046 ETB and 109,469 ETB. However this is an estimation based on Gaussian Distribution.How much can you save working as Assistant Loan Officer in Ethiopia?
Living in Ethiopia the approximate monthly expenses are: 77 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: 75,496 ETB
Estimated Monthly Salary: 6,291 ETB
Estimated Weekly Salary: 1,452 ETB per week
Estimated Hourly Salary: 36 ETB per hour
By working as Assistant Loan Officer a person can save up to 28 USD per month or 338 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 Ethiopia, see costs of living in Ethiopia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Djibouti, Eritrea, Sudan, South Sudan, Kenya, Somalia. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Assistant Loan Officer
Sudan is 496 USD
Kenya is 3,926 USD Last revision of data: 2025-01-04Salary 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
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Ethiopia
(1,198,707 ETB per year, pre-tax.)
2. Cardiologist
(998,053 ETB per year, pre-tax.)
(968,024 ETB per year, pre-tax.)
4. Neurosurgeon
(937,399 ETB per year, pre-tax.)
(935,134 ETB per year, pre-tax.)
(915,448 ETB per year, pre-tax.)
7. Oncologist
(913,122 ETB per year, pre-tax.)
(912,301 ETB per year, pre-tax.)
(911,770 ETB per year, pre-tax.)
10. Dermatologist
(911,678 ETB per year, pre-tax.)
Data as of 2025Random salary:
Logistics planning manager (168,240 ETB per year, pre-tax.)
Intermediate care facility (icf), residential manager (66,918 ETB per year, pre-tax.)
Gluer (66,318 ETB per year, pre-tax.)
Director of international trade compliance (285,060 ETB per year, pre-tax.)
Cost clerk (69,432 ETB per year, pre-tax.)
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