Loan Servicing Representative salary in Kuwait

Average Yearly Salary of Loan Servicing Representative in Kuwait is approximately 27,899 KWD (9,353 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 Servicing Representative do?

A loan servicing representative is responsible for managing the administrative tasks related to loan accounts. They ensure accurate and timely processing of loan payments, maintain customer records, and handle inquiries and concerns from borrowers. Their duties include updating loan information, generating statements, and resolving any issues that may arise during the loan repayment process. Loan servicing representatives also work closely with other departments such as collections, underwriting, and customer service to provide comprehensive support to borrowers. They must have strong communication skills to effectively interact with customers and provide excellent customer service. Attention to detail is crucial in this role, as loan servicing representatives need to accurately document loan transactions and maintain organized records. This occupation requires knowledge of loan products and regulations, as well as proficiency in using loan servicing software and systems.

Skills: Loan servicing, Customer service, Loan management, Financial services, Administrative support, Loan processing
Job industry: Finance

How much does Loan Servicing Representative make?

Difference in salary year over year or average salary increase is approximately 3 %


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

Salary comparison to National average

Is Loan Servicing Representative a well paid job?

Yes, our data show that Loan Servicing Representative is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Loan Servicing Representative?

High salary for Loan Servicing Representative would be somewhere between 30,689 KWD and 40,454 KWD. However this is an estimation based on Gaussian Distribution.

How much can you save working as Loan Servicing Representative in Kuwait?

Living in Kuwait the approximate monthly expenses are: 1,600 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: 27,899 KWD
Estimated Monthly Salary: 2,325 KWD
Estimated Weekly Salary: 537 KWD per week
Estimated Hourly Salary: 13 KWD per hour
Our data indicates that by working as Loan Servicing Representative you will not be able to save much money and will likely need to make adjustments to your lifestyle to go comfortably through the month.

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 Kuwait, see costs of living in Kuwait.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Saudi Arabia, Iraq.
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 Servicing Representative

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 Kuwait

Data as of 2025

Random salary:
Performer (33,124 KWD per year, pre-tax.)
Zoologist or wildlife biologist (43,680 KWD per year, pre-tax.)
Cardiovascular technologist (39,676 KWD per year, pre-tax.)
Associate attorney legislative counsel public affairs (45,136 KWD per year, pre-tax.)
Natural resource technician (25,288 KWD per year, pre-tax.)

Feedback about these results