Home > Salary > Malaysia > 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: 86,420 MYR
Estimated Monthly Salary: 7,202 MYR
Estimated Weekly Salary: 1,662 MYR per week
Estimated Hourly Salary: 42 MYR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 6,945 MYR
Estimated Weekly Salary: 1,603 MYR per week
Estimated Hourly Salary: 40 MYR per hour
Last revision of data: 2024-01-07
Estimated Yearly Salary: 17,280 USD
Estimated Monthly Salary: 1,440 USD
Estimated Weekly Salary: 332 USD per week
Estimated Hourly Salary: 8 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
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: 86,420 MYR
Estimated Monthly Salary: 7,202 MYR
Estimated Weekly Salary: 1,662 MYR per week
Estimated Hourly Salary: 42 MYR per hour
By working as Loan Officer a person can save up to 729 USD per month or 8,746 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.
Estimated Yearly Salary for Loan Officer
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Director of ancillary services (170,814 MYR per year, pre-tax.)
Radioactive waste shipper (116,929 MYR per year, pre-tax.)
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Audio electronics technician (69,236 MYR per year, pre-tax.)
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Loan Officer salary in Malaysia
Average Yearly Salary of Loan Officer in Malaysia is approximately 86,420 MYR (17,280 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: 86,420 MYR
Estimated Monthly Salary: 7,202 MYR
Estimated Weekly Salary: 1,662 MYR per week
Estimated Hourly Salary: 42 MYR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 83,335 MYREstimated Monthly Salary: 6,945 MYR
Estimated Weekly Salary: 1,603 MYR per week
Estimated Hourly Salary: 40 MYR per hour
Last revision of data: 2024-01-07Loan Officer estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 17,280 USD
Estimated Monthly Salary: 1,440 USD
Estimated Weekly Salary: 332 USD per week
Estimated Hourly Salary: 8 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %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
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Salary comparison to National average
Malaysia is a Southeast Asian country located on the Malay Peninsula and the island of Borneo. It has a diverse population consisting of various ethnic groups, including Malays, Chinese, Indians, and indigenous tribes. Malaysia has an estimated population of around 32 million people. The country covers an area of approximately 330,803 square kilometers, making it the 66th largest country in the world.
Estimated national average yearly salary is 78,260 MYR (17,780 USD). Value indicated is pre-tax. Below graph shows estimated Loan Officer job salary compared to average salary in Malaysia.
Comparison shows that a person working as Loan Officer in Malaysia earns on average:
1.1 times the average salary (or 110% of average salary).
Estimated national average yearly salary is 78,260 MYR (17,780 USD). Value indicated is pre-tax. Below graph shows estimated Loan Officer job salary compared to average salary in Malaysia.
Comparison shows that a person working as Loan Officer in Malaysia earns on average:
1.1 times the average salary (or 110% 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 95,062 MYR and 125,309 MYR. However this is an estimation based on Gaussian Distribution.How much can you save working as Loan Officer 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: 86,420 MYR
Estimated Monthly Salary: 7,202 MYR
Estimated Weekly Salary: 1,662 MYR per week
Estimated Hourly Salary: 42 MYR per hour
By working as Loan Officer a person can save up to 729 USD per month or 8,746 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 Loan Officer
Thailand is 7,009 USD
Indonesia is 10,244 USD
Singapore is 65,250 USD
Brunei is 30,440 USD
Vietnam is 3,878 USD
Philippines is 3,833 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 Malaysia
(927,752 MYR per year, pre-tax.)
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(770,656 MYR per year, pre-tax.)
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(724,417 MYR per year, pre-tax.)
5. Neurosurgeon
(722,312 MYR per year, pre-tax.)
6. Urologist
(706,560 MYR per year, pre-tax.)
(706,212 MYR per year, pre-tax.)
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10. Dermatologist
(703,305 MYR per year, pre-tax.)
Data as of 2025Random salary:
Director of ancillary services (170,814 MYR per year, pre-tax.)
Radioactive waste shipper (116,929 MYR per year, pre-tax.)
Electronic banking manager (97,870 MYR per year, pre-tax.)
Audio electronics technician (69,236 MYR per year, pre-tax.)
Dean of law (381,025 MYR per year, pre-tax.)
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