Business Loan Processor salary in Latvia

Average Yearly Salary of Business Loan Processor in Latvia is approximately 17,746 EUR (17,762 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

How much does Business Loan Processor make?

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


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Salary comparison to National average

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 19,521 EUR and 25,732 EUR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Business Loan Processor in Latvia?

Living in Latvia the approximate monthly expenses are: 860 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: 17,746 EUR
Estimated Monthly Salary: 1,479 EUR
Estimated Weekly Salary: 341 EUR per week
Estimated Hourly Salary: 9 EUR per hour
By working as Business Loan Processor a person can save up to 620 USD per month or 7,442 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 Latvia, see costs of living in Latvia.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Estonia, Russia, Belarus, Lithuania..
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

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.

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Data as of 2025

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