Consumer Loan Processor salary in Malaysia

Average Yearly Salary of Consumer Loan Processor in Malaysia is approximately 58,259 MYR (11,641 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 Consumer Loan Processor do?

A consumer loan processor is responsible for reviewing and processing loan applications submitted by individuals seeking personal loans. They gather and verify all necessary documentation, such as income statements, credit reports, and employment records, to evaluate the borrower's creditworthiness. The loan processor ensures that all information provided is accurate and complete, and follows up with applicants to request any missing or additional documentation. They analyze the applicant's financial situation, calculate the loan amount and interest rate, and make recommendations based on their findings. Additionally, consumer loan processors may communicate with borrowers to explain loan terms and conditions, answer questions, and provide guidance throughout the loan application process. Attention to detail, strong analytical skills, and knowledge of lending regulations are essential for success in this role.

Skills: Consumer loan processor, Loan application, Creditworthiness assessment, Documentation verification, Financial analysis, Lending regulations.
Job industry: Finance

How much does Consumer 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 Consumer Loan Processor a well paid job?

No, our data shows that Consumer Loan Processor is typically not a well-paid job. The salary varies based on experience. Meaning that even though Consumer Loan Processor might be a low paying job, with experience the salary might increase to satisfactory levels.

What is considered a high salary for Consumer Loan Processor?

High salary for Consumer Loan Processor would be somewhere between 64,085 MYR and 84,476 MYR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Consumer Loan Processor in Malaysia?

Living in Malaysia the approximate monthly expenses are: 711 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: 58,259 MYR
Estimated Monthly Salary: 4,855 MYR
Estimated Weekly Salary: 1,120 MYR per week
Estimated Hourly Salary: 28 MYR per hour
By working as Consumer Loan Processor a person can save up to 259 USD per month or 3,107 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 Malaysia, see costs of living in Malaysia.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Thailand, Indonesia, Singapore, Brunei, Vietnam, Philippines.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Consumer 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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