Home > Salary > Iraq > Business Loan Processor
A business loan processor is responsible for reviewing and evaluating loan applications submitted by businesses seeking financial assistance. Their main role is to assess the creditworthiness of the applicant by analyzing financial statements, credit reports, and other relevant documents. They verify the accuracy and completeness of the application, ensuring compliance with lending policies and regulations. Additionally, business loan processors may communicate with applicants to gather additional information or clarify details. They work closely with underwriters and loan officers to facilitate the loan approval process and ensure timely disbursement of funds. Accuracy, attention to detail, and strong analytical skills are essential for this occupation, as they must make informed decisions based on financial data.
Estimated Yearly Salary: 7,302,886 IQD
Estimated Monthly Salary: 608,574 IQD
Estimated Weekly Salary: 140,440 IQD per week
Estimated Hourly Salary: 3,511 IQD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 589,589 IQD
Estimated Weekly Salary: 136,059 IQD per week
Estimated Hourly Salary: 3,401 IQD per hour
Last revision of data: 2024-01-06
Estimated Yearly Salary: 4,940 USD
Estimated Monthly Salary: 412 USD
Estimated Weekly Salary: 95 USD per week
Estimated Hourly Salary: 2 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
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: 7,302,886 IQD
Estimated Monthly Salary: 608,574 IQD
Estimated Weekly Salary: 140,440 IQD per week
Estimated Hourly Salary: 3,511 IQD per hour
By working as Business Loan Processor a person can save up to 172 USD per month or 2,060 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 Iraq, see costs of living in Iraq.
Estimated Yearly Salary for Business Loan Processor
Last revision of data: 2025-01-04
Data as of 2025
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Business Loan Processor salary in Iraq
Average Yearly Salary of Business Loan Processor in Iraq is approximately 7,302,886 IQD (4,940 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 Business Loan Processor do?
A business loan processor is responsible for reviewing and evaluating loan applications submitted by businesses seeking financial assistance. Their main role is to assess the creditworthiness of the applicant by analyzing financial statements, credit reports, and other relevant documents. They verify the accuracy and completeness of the application, ensuring compliance with lending policies and regulations. Additionally, business loan processors may communicate with applicants to gather additional information or clarify details. They work closely with underwriters and loan officers to facilitate the loan approval process and ensure timely disbursement of funds. Accuracy, attention to detail, and strong analytical skills are essential for this occupation, as they must make informed decisions based on financial data. Skills: Business Loan Processor, Loan Application Review, Creditworthiness Assessment, Financial Analysis, Compliance, Loan Approval Process.
Job industry: Finance
Job industry: Finance
How much does Business Loan Processor make?
Salary details
How much does Business Loan Processor make?Estimated Yearly Salary: 7,302,886 IQD
Estimated Monthly Salary: 608,574 IQD
Estimated Weekly Salary: 140,440 IQD per week
Estimated Hourly Salary: 3,511 IQD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 7,075,068 IQDEstimated Monthly Salary: 589,589 IQD
Estimated Weekly Salary: 136,059 IQD per week
Estimated Hourly Salary: 3,401 IQD per hour
Last revision of data: 2024-01-06Business Loan Processor estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 4,940 USD
Estimated Monthly Salary: 412 USD
Estimated Weekly Salary: 95 USD per week
Estimated Hourly Salary: 2 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %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
Iraq, a nation in the Middle East, possesses vast oil reserves, fueling its economy and global energy trade. Key industries include oil and gas extraction, agriculture, and a burgeoning construction sector as the nation rebuilds its infrastructure. The rich historical and cultural heritage also draws tourists. However, Iraq faces challenges including political instability and security concerns. Despite these, the country exhibits economic potential and a resilient population, striving to rebuild and diversify its economy beyond oil and embrace a future of growth and stability.
Estimated national average yearly salary is 8,160,000 IQD (6,000 USD). Value indicated is pre-tax. Below graph shows estimated Business Loan Processor job salary compared to average salary in Iraq.
Comparison shows that a person working as Business Loan Processor in Iraq earns on average:
0.89 times the average salary (or 89% of average salary).
Estimated national average yearly salary is 8,160,000 IQD (6,000 USD). Value indicated is pre-tax. Below graph shows estimated Business Loan Processor job salary compared to average salary in Iraq.
Comparison shows that a person working as Business Loan Processor in Iraq earns on average:
0.89 times the average salary (or 89% of average salary).
Is Business Loan Processor a well paid job?
Yes, our data show that Business Loan Processor 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 Business Loan Processor?
High salary for Business Loan Processor would be somewhere between 8,033,175 IQD and 10,589,185 IQD. However this is an estimation based on Gaussian Distribution.How much can you save working as Business Loan Processor in Iraq?
Living in Iraq the approximate monthly expenses are: 240 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: 7,302,886 IQD
Estimated Monthly Salary: 608,574 IQD
Estimated Weekly Salary: 140,440 IQD per week
Estimated Hourly Salary: 3,511 IQD per hour
By working as Business Loan Processor a person can save up to 172 USD per month or 2,060 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 Iraq, see costs of living in Iraq.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Iran, Jordan, Kuwait, Saudi Arabia, Syria, Turkey. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Business Loan Processor
Iran is 6,488 USD
Jordan is 7,816 USD
Kuwait is 11,062 USD
Saudi Arabia is 22,787 USD
Syria is 3,021 USD
Turkey is 8,732 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 Iraq
(93,035,848 IQD per year, pre-tax.)
2. Cardiologist
(77,420,383 IQD per year, pre-tax.)
(74,436,118 IQD per year, pre-tax.)
4. Neurosurgeon
(72,585,795 IQD per year, pre-tax.)
(72,416,543 IQD per year, pre-tax.)
(70,778,229 IQD per year, pre-tax.)
(70,769,927 IQD per year, pre-tax.)
(70,594,393 IQD per year, pre-tax.)
9. Urologist
(70,443,660 IQD per year, pre-tax.)
10. Oncologist
(70,429,777 IQD per year, pre-tax.)
Data as of 2025Random salary:
Packaging development engineer (12,696,294 IQD per year, pre-tax.)
Chief librarian (9,401,808 IQD per year, pre-tax.)
Chief scientific officer (cso) (25,622,400 IQD per year, pre-tax.)
Crew leader (3,388,783 IQD per year, pre-tax.)
Physician doctor internal medicine (26,100,837 IQD per year, pre-tax.)
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