Home > Salary > Ethiopia > Junior Loan Processor
A junior loan processor is responsible for assisting in the processing and documentation of loan applications. They work closely with senior loan processors and underwriters to gather and verify borrower information, review loan documents for accuracy and completeness, and ensure compliance with lending policies and regulations. Junior loan processors also communicate with borrowers, loan officers, and other parties involved in the loan process to provide updates and resolve any issues that may arise. They may also assist in preparing loan files for submission to underwriting and in coordinating loan closings. This role requires strong attention to detail, excellent organizational skills, and the ability to work effectively in a fast-paced environment.
Estimated Yearly Salary: 75,509 ETB
Estimated Monthly Salary: 6,292 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: 2024-01-09
Estimated Yearly Salary: 1,257 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: 75,509 ETB
Estimated Monthly Salary: 6,292 ETB
Estimated Weekly Salary: 1,452 ETB per week
Estimated Hourly Salary: 36 ETB per hour
By working as Junior Loan Processor a person can save up to 28 USD per month or 335 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 Junior Loan Processor
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
2nd pressman (89,508 ETB per year, pre-tax.)
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Machinist set up operator (91,680 ETB per year, pre-tax.)
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Junior Loan Processor salary in Ethiopia
Average Yearly Salary of Junior Loan Processor in Ethiopia is approximately 75,509 ETB (1,257 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 Junior Loan Processor do?
A junior loan processor is responsible for assisting in the processing and documentation of loan applications. They work closely with senior loan processors and underwriters to gather and verify borrower information, review loan documents for accuracy and completeness, and ensure compliance with lending policies and regulations. Junior loan processors also communicate with borrowers, loan officers, and other parties involved in the loan process to provide updates and resolve any issues that may arise. They may also assist in preparing loan files for submission to underwriting and in coordinating loan closings. This role requires strong attention to detail, excellent organizational skills, and the ability to work effectively in a fast-paced environment.
Skills: loan processing, documentation, loan applications, compliance, communication, attention to detail
Job industry: Finance
Job industry: Finance
How much does Junior Loan Processor make?
Salary details
How much does Junior Loan Processor make?Estimated Yearly Salary: 75,509 ETB
Estimated Monthly Salary: 6,292 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: 2024-01-09Junior Loan Processor estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 1,257 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 Junior Loan Processor job salary compared to average salary in Ethiopia.
Comparison shows that a person working as Junior Loan Processor 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 Junior Loan Processor job salary compared to average salary in Ethiopia.
Comparison shows that a person working as Junior Loan Processor in Ethiopia earns on average:
0.72 times the average salary (or 72% of average salary).
Is Junior Loan Processor a well paid job?
No, our data shows that Junior Loan Processor is typically not a well-paid job. The salary varies based on experience. Meaning that even though Junior Loan Processor might be a low paying job, with experience the salary might increase to satisfactory levels.What is considered a high salary for Junior Loan Processor?
High salary for Junior Loan Processor would be somewhere between 83,060 ETB and 109,488 ETB. However this is an estimation based on Gaussian Distribution.How much can you save working as Junior Loan Processor 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: 75,509 ETB
Estimated Monthly Salary: 6,292 ETB
Estimated Weekly Salary: 1,452 ETB per week
Estimated Hourly Salary: 36 ETB per hour
By working as Junior Loan Processor a person can save up to 28 USD per month or 335 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 Junior Loan Processor
Sudan is 496 USD
Kenya is 3,914 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:
2nd pressman (89,508 ETB per year, pre-tax.)
Residential care facility administrator (83,672 ETB per year, pre-tax.)
Environmental health manager (72,610 ETB per year, pre-tax.)
Machinist set up operator (91,680 ETB per year, pre-tax.)
Order clerk (47,404 ETB per year, pre-tax.)
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