Home > Salary > Iraq > Loan Officer
A loan officer is responsible for evaluating, approving, and managing loan applications. They work in banks, credit unions, or other financial institutions. Their primary role is to assess the creditworthiness of applicants, analyze financial information, and determine the risk associated with granting a loan. Loan officers also guide applicants through the loan process, explaining terms and conditions, and ensuring compliance with lending regulations. They must possess strong communication and interpersonal skills to build relationships with clients and provide exceptional customer service. Additionally, loan officers monitor loan portfolios, review payment schedules, and address any issues or concerns that may arise during the loan term.
Estimated Yearly Salary: 8,599,836 IQD
Estimated Monthly Salary: 716,653 IQD
Estimated Weekly Salary: 165,381 IQD per week
Estimated Hourly Salary: 4,135 IQD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 694,564 IQD
Estimated Weekly Salary: 160,284 IQD per week
Estimated Hourly Salary: 4,007 IQD per hour
Last revision of data: 2024-01-05
Estimated Yearly Salary: 5,803 USD
Estimated Monthly Salary: 484 USD
Estimated Weekly Salary: 112 USD per week
Estimated Hourly Salary: 3 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: 8,599,836 IQD
Estimated Monthly Salary: 716,653 IQD
Estimated Weekly Salary: 165,381 IQD per week
Estimated Hourly Salary: 4,135 IQD per hour
By working as Loan Officer a person can save up to 244 USD per month or 2,923 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 Loan Officer
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
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Medical equipment repairer (4,161,600 IQD per year, pre-tax.)
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Loan Officer salary in Iraq
Average Yearly Salary of Loan Officer in Iraq is approximately 8,599,836 IQD (5,803 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 Officer do?
A loan officer is responsible for evaluating, approving, and managing loan applications. They work in banks, credit unions, or other financial institutions. Their primary role is to assess the creditworthiness of applicants, analyze financial information, and determine the risk associated with granting a loan. Loan officers also guide applicants through the loan process, explaining terms and conditions, and ensuring compliance with lending regulations. They must possess strong communication and interpersonal skills to build relationships with clients and provide exceptional customer service. Additionally, loan officers monitor loan portfolios, review payment schedules, and address any issues or concerns that may arise during the loan term.
Skills: Loan officer, Credit analysis, Financial services, Customer service, Loan processing, Risk assessment
Job industry: Banking
Job industry: Banking
How much does Loan Officer make?
Salary details
How much does Loan Officer make?Estimated Yearly Salary: 8,599,836 IQD
Estimated Monthly Salary: 716,653 IQD
Estimated Weekly Salary: 165,381 IQD per week
Estimated Hourly Salary: 4,135 IQD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 8,334,768 IQDEstimated Monthly Salary: 694,564 IQD
Estimated Weekly Salary: 160,284 IQD per week
Estimated Hourly Salary: 4,007 IQD per hour
Last revision of data: 2024-01-05Loan Officer estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 5,803 USD
Estimated Monthly Salary: 484 USD
Estimated Weekly Salary: 112 USD per week
Estimated Hourly Salary: 3 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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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 Loan Officer job salary compared to average salary in Iraq.
Comparison shows that a person working as Loan Officer in Iraq earns on average:
1.05 times the average salary (or 105% 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 Loan Officer job salary compared to average salary in Iraq.
Comparison shows that a person working as Loan Officer in Iraq earns on average:
1.05 times the average salary (or 105% of average salary).
Is Loan Officer a well paid job?
Yes, our data show that Loan Officer 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 Officer?
High salary for Loan Officer would be somewhere between 9,459,820 IQD and 12,469,762 IQD. However this is an estimation based on Gaussian Distribution.How much can you save working as Loan Officer 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: 8,599,836 IQD
Estimated Monthly Salary: 716,653 IQD
Estimated Weekly Salary: 165,381 IQD per week
Estimated Hourly Salary: 4,135 IQD per hour
By working as Loan Officer a person can save up to 244 USD per month or 2,923 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 Loan Officer
Iran is 7,661 USD
Jordan is 9,216 USD
Kuwait is 13,042 USD
Saudi Arabia is 26,864 USD
Syria is 3,550 USD
Turkey is 10,266 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:
Institutional review board (irb), coordinator (9,237,835 IQD per year, pre-tax.)
Window installer (6,009,510 IQD per year, pre-tax.)
Account manager ii (7,833,600 IQD per year, pre-tax.)
Medical equipment repairer (4,161,600 IQD per year, pre-tax.)
Oil scheduler (10,080,564 IQD per year, pre-tax.)
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