Home > Salary > Mexico > 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: 358,518 MXN
Estimated Monthly Salary: 29,877 MXN
Estimated Weekly Salary: 6,895 MXN per week
Estimated Hourly Salary: 172 MXN per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 28,763 MXN
Estimated Weekly Salary: 6,638 MXN per week
Estimated Hourly Salary: 166 MXN per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 17,891 USD
Estimated Monthly Salary: 1,491 USD
Estimated Weekly Salary: 344 USD per week
Estimated Hourly Salary: 9 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: 358,518 MXN
Estimated Monthly Salary: 29,877 MXN
Estimated Weekly Salary: 6,895 MXN per week
Estimated Hourly Salary: 172 MXN per hour
By working as Loan Officer a person can save up to 755 USD per month or 9,054 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 Mexico, see costs of living in Mexico.
Estimated Yearly Salary for Loan Officer
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Post production manager television video or motion picture (386,236 MXN per year, pre-tax.)
Vice president (vp), marketing communications development (696,278 MXN per year, pre-tax.)
Paid search analyst (373,240 MXN per year, pre-tax.)
Administrative services manager (324,791 MXN per year, pre-tax.)
Professor of chemistry (674,240 MXN per year, pre-tax.)
Loan Officer salary in Mexico
Average Yearly Salary of Loan Officer in Mexico is approximately 358,518 MXN (17,891 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: 358,518 MXN
Estimated Monthly Salary: 29,877 MXN
Estimated Weekly Salary: 6,895 MXN per week
Estimated Hourly Salary: 172 MXN per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 345,160 MXNEstimated Monthly Salary: 28,763 MXN
Estimated Weekly Salary: 6,638 MXN per week
Estimated Hourly Salary: 166 MXN per hour
Last revision of data: 2024-01-03Loan Officer estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 17,891 USD
Estimated Monthly Salary: 1,491 USD
Estimated Weekly Salary: 344 USD per week
Estimated Hourly Salary: 9 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
Compare salary to other countries
Please type in your occupation and select desired country to see latest trends in salaries.
Country:
Salary comparison to National average
Mexico, located in North America, is a vibrant country known for its rich culture and diverse landscapes. With a population of approximately 126 million people, it is the 11th most populous country in the world. Covering an area of about 1,964,375 square kilometers, Mexico is the 14th largest country globally.
Estimated national average yearly salary is 331,152 MXN (18,410 USD). Value indicated is pre-tax. Below graph shows estimated Loan Officer job salary compared to average salary in Mexico.
Comparison shows that a person working as Loan Officer in Mexico earns on average:
1.08 times the average salary (or 108% of average salary).
Estimated national average yearly salary is 331,152 MXN (18,410 USD). Value indicated is pre-tax. Below graph shows estimated Loan Officer job salary compared to average salary in Mexico.
Comparison shows that a person working as Loan Officer in Mexico earns on average:
1.08 times the average salary (or 108% 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 394,370 MXN and 519,851 MXN. However this is an estimation based on Gaussian Distribution.How much can you save working as Loan Officer in Mexico?
Living in Mexico the approximate monthly expenses are: 736 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: 358,518 MXN
Estimated Monthly Salary: 29,877 MXN
Estimated Weekly Salary: 6,895 MXN per week
Estimated Hourly Salary: 172 MXN per hour
By working as Loan Officer a person can save up to 755 USD per month or 9,054 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 Mexico, see costs of living in Mexico.
Salary comparison to region and neighbouring coutries
Country's neighbours are: United States, Belize, Guatemala. 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
United States is 55,092 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 Mexico
(3,848,140 MXN per year, pre-tax.)
2. Cardiologist
(3,207,036 MXN per year, pre-tax.)
(3,089,000 MXN per year, pre-tax.)
(2,995,691 MXN per year, pre-tax.)
5. Neurosurgeon
(2,986,217 MXN per year, pre-tax.)
6. Urologist
(2,929,358 MXN per year, pre-tax.)
(2,929,338 MXN per year, pre-tax.)
8. Oncologist
(2,923,408 MXN per year, pre-tax.)
(2,918,043 MXN per year, pre-tax.)
(2,917,105 MXN per year, pre-tax.)
Data as of 2025Random salary:
Post production manager television video or motion picture (386,236 MXN per year, pre-tax.)
Vice president (vp), marketing communications development (696,278 MXN per year, pre-tax.)
Paid search analyst (373,240 MXN per year, pre-tax.)
Administrative services manager (324,791 MXN per year, pre-tax.)
Professor of chemistry (674,240 MXN per year, pre-tax.)
Feedback about these results
Please provide feedback by clicking buttons below if you find any of our salaries erroneous.
Link to this graph - use the following code to display the salary graph on your page:
<a href='https://optisalary.com/salary?country=mexico&job=loan-officer'><img src='https://optisalary.com/wp-content/graphs/salary/loan-officer-salary-in-mexico-2025.jpg' alt='loan officer salary in mexico 2025' title='loan officer salary in mexico 2025' /></a>
Please note:The salary data presented here are meant for reference purposes solely.
All salary data on this website are for informational purposes exclusively. We compile data from various reliable sources, yet cannot ensure complete accuracy. Before making career choices, users should cross-check with additional verified sources. Salaries fluctuate due to various factors, including negotiation skills, industry demand, and experience levels. We disclaim any liability for errors in the salary estimates provided here. Your use with this website constitutes acceptance of this disclaimer.
Salary details displayed on this website are meant for informational purposes only. Our data comes from various inputs and may not always be accurate. Users should verify salary information independently before making employment decisions. The figures shown here may change due to variables such as company policies, experience levels, and demand shifts. We cannot guarantee that the data provided is flawless. By using this website, you accept that salary information is offered 'as is' and without assurances.