Home > Salary > Ghana > Loan Underwriter Consumer
A loan underwriter in the consumer sector is responsible for evaluating and assessing loan applications from individuals seeking credit for personal purposes such as buying a car, funding education, or consolidating debt. Their primary role is to analyze the borrower's financial information, credit history, and employment details to determine their creditworthiness and ability to repay the loan. They review loan documentation, verify income and assets, calculate debt-to-income ratios, and assess the borrower's overall financial situation. Additionally, they ensure compliance with lending regulations and company policies, and may negotiate loan terms and conditions. Effective communication skills are essential as loan underwriters often interact with loan officers, borrowers, and other stakeholders. This occupation requires strong analytical skills, attention to detail, and the ability to make sound judgments based on risk assessment.
Estimated Yearly Salary: 43,679 GHS
Estimated Monthly Salary: 3,640 GHS
Estimated Weekly Salary: 840 GHS per week
Estimated Hourly Salary: 21 GHS per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 3,510 GHS
Estimated Weekly Salary: 810 GHS per week
Estimated Hourly Salary: 20 GHS per hour
Last revision of data: 2024-01-08
Estimated Yearly Salary: 3,636 USD
Estimated Monthly Salary: 303 USD
Estimated Weekly Salary: 70 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.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 43,679 GHS
Estimated Monthly Salary: 3,640 GHS
Estimated Weekly Salary: 840 GHS per week
Estimated Hourly Salary: 21 GHS per hour
By working as Loan Underwriter Consumer a person can save up to 163 USD per month or 1,956 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 Ghana, see costs of living in Ghana.
Estimated Yearly Salary for Loan Underwriter Consumer
Last revision of data: 2025-01-04
Data as of 2025
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Loan Underwriter Consumer salary in Ghana
Average Yearly Salary of Loan Underwriter Consumer in Ghana is approximately 43,679 GHS (3,636 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 Underwriter Consumer do?
A loan underwriter in the consumer sector is responsible for evaluating and assessing loan applications from individuals seeking credit for personal purposes such as buying a car, funding education, or consolidating debt. Their primary role is to analyze the borrower's financial information, credit history, and employment details to determine their creditworthiness and ability to repay the loan. They review loan documentation, verify income and assets, calculate debt-to-income ratios, and assess the borrower's overall financial situation. Additionally, they ensure compliance with lending regulations and company policies, and may negotiate loan terms and conditions. Effective communication skills are essential as loan underwriters often interact with loan officers, borrowers, and other stakeholders. This occupation requires strong analytical skills, attention to detail, and the ability to make sound judgments based on risk assessment.
Skills: Loan underwriter, Consumer lending, Credit analysis, Financial evaluation, Risk assessment, Compliance
Job industry: Finance
Job industry: Finance
How much does Loan Underwriter Consumer make?
Salary details
How much does Loan Underwriter Consumer make?Estimated Yearly Salary: 43,679 GHS
Estimated Monthly Salary: 3,640 GHS
Estimated Weekly Salary: 840 GHS per week
Estimated Hourly Salary: 21 GHS per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 42,120 GHSEstimated Monthly Salary: 3,510 GHS
Estimated Weekly Salary: 810 GHS per week
Estimated Hourly Salary: 20 GHS per hour
Last revision of data: 2024-01-08Loan Underwriter Consumer estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 3,636 USD
Estimated Monthly Salary: 303 USD
Estimated Weekly Salary: 70 USD per week
Estimated Hourly Salary: 2 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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Salary comparison to National average
Ghana is a country located in West Africa. It has a population of approximately 31 million people and covers an area of about 238,535 square kilometers. The country is bordered by Cote d'Ivoire to the west, Burkina Faso to the north, Togo to the east, and the Atlantic Ocean to the south.
Estimated national average yearly salary is 39,200 GHS (3,500 USD). Value indicated is pre-tax. Below graph shows estimated Loan Underwriter Consumer job salary compared to average salary in Ghana.
Comparison shows that a person working as Loan Underwriter Consumer in Ghana earns on average:
1.11 times the average salary (or 111% of average salary).
Estimated national average yearly salary is 39,200 GHS (3,500 USD). Value indicated is pre-tax. Below graph shows estimated Loan Underwriter Consumer job salary compared to average salary in Ghana.
Comparison shows that a person working as Loan Underwriter Consumer in Ghana earns on average:
1.11 times the average salary (or 111% of average salary).
Is Loan Underwriter Consumer a well paid job?
Yes, our data show that Loan Underwriter Consumer is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Loan Underwriter Consumer?
High salary for Loan Underwriter Consumer would be somewhere between 48,047 GHS and 63,335 GHS. However this is an estimation based on Gaussian Distribution.How much can you save working as Loan Underwriter Consumer in Ghana?
Living in Ghana the approximate monthly expenses are: 140 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: 43,679 GHS
Estimated Monthly Salary: 3,640 GHS
Estimated Weekly Salary: 840 GHS per week
Estimated Hourly Salary: 21 GHS per hour
By working as Loan Underwriter Consumer a person can save up to 163 USD per month or 1,956 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 Ghana, see costs of living in Ghana.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Burkina Faso, Cote d'Ivoire (Ivory Coast), Togo.. 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 Underwriter Consumer
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 Ghana
(439,471 GHS per year, pre-tax.)
2. Cardiologist
(363,775 GHS per year, pre-tax.)
(351,690 GHS per year, pre-tax.)
(342,308 GHS per year, pre-tax.)
5. Neurosurgeon
(342,198 GHS per year, pre-tax.)
(334,060 GHS per year, pre-tax.)
7. Urologist
(333,287 GHS per year, pre-tax.)
(333,209 GHS per year, pre-tax.)
(333,002 GHS per year, pre-tax.)
10. Oncologist
(332,700 GHS per year, pre-tax.)
Data as of 2025Random salary:
Diabetes education coordinator (45,183 GHS per year, pre-tax.)
Wellness director residential careassisted living (52,188 GHS per year, pre-tax.)
Curator art (30,968 GHS per year, pre-tax.)
Sales consultant office furniture (18,312 GHS per year, pre-tax.)
Human resources manager (58,140 GHS per year, pre-tax.)
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