Commercial Lender salary in Iceland

Average Yearly Salary of Commercial Lender in Iceland is approximately 15,747,175 ISK (109,850 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 Commercial Lender do?

A commercial lender is responsible for evaluating loan applications and providing financial assistance to businesses and organizations. They assess the creditworthiness of borrowers, analyze financial statements, and review business plans to determine the feasibility of granting loans. Commercial lenders also negotiate loan terms and conditions, including interest rates and repayment schedules, while ensuring compliance with lending regulations and policies. They maintain relationships with clients, provide guidance on financial matters, and monitor loan performance. Additionally, commercial lenders may collaborate with other professionals such as underwriters, appraisers, and attorneys to complete loan transactions.

Skills: commercial lending, financial analysis, loan evaluation, credit assessment, loan negotiation, risk management
Job industry: Finance

How much does Commercial Lender make?

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


Want to check how your salary compares? Submit your own salary here

Salary comparison to National average

Is Commercial Lender a well paid job?

Yes, our data shows that Commercial Lender is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Commercial Lender?

High salary for Commercial Lender would be somewhere between 17,321,893 ISK and 22,833,404 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Commercial Lender in Iceland?

Living in Iceland the approximate monthly expenses are: 2,729 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: 15,747,175 ISK
Estimated Monthly Salary: 1,312,265 ISK
Estimated Weekly Salary: 302,830 ISK per week
Estimated Hourly Salary: 7,571 ISK per hour
By working as Commercial Lender a person can save up to 6,425 USD per month or 77,104 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 Iceland, see costs of living in Iceland.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Norway, Faroe Islands, United Kingdom.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Commercial Lender

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 +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 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 Iceland

Data as of 2025

Random salary:
Blaster helper (5,422,989 ISK per year, pre-tax.)
Account specialist (7,018,011 ISK per year, pre-tax.)
Television director (6,089,135 ISK per year, pre-tax.)
Automotive customer service consultant parts technician (5,613,214 ISK per year, pre-tax.)
Test quality assurance (qa), analyst (computer software) (8,777,887 ISK per year, pre-tax.)

Feedback about these results