Home > Salary > Norway > Business Loan Processor
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.
Estimated Yearly Salary: 864,444 NOK
Estimated Monthly Salary: 72,037 NOK
Estimated Weekly Salary: 16,624 NOK per week
Estimated Hourly Salary: 416 NOK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 69,664 NOK
Estimated Weekly Salary: 16,076 NOK per week
Estimated Hourly Salary: 402 NOK per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 78,703 USD
Estimated Monthly Salary: 6,559 USD
Estimated Weekly Salary: 1,514 USD per week
Estimated Hourly Salary: 38 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
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: 864,444 NOK
Estimated Monthly Salary: 72,037 NOK
Estimated Weekly Salary: 16,624 NOK per week
Estimated Hourly Salary: 416 NOK per hour
By working as Business Loan Processor a person can save up to 2,738 USD per month or 32,858 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 Norway, see costs of living in Norway.
Estimated Yearly Salary for Business Loan Processor
Last revision of data: 2025-01-04
Data as of 2025
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Business Loan Processor salary in Norway
Average Yearly Salary of Business Loan Processor in Norway is approximately 864,444 NOK (78,703 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?

Skills: Business Loan Processor, Loan Application Review, Creditworthiness Assessment, Financial Analysis, Compliance, Loan Approval Process.
Job industry: Finance
Job industry: Finance
How much does Business Loan Processor make?
Salary details
How much does Business Loan Processor make?Estimated Yearly Salary: 864,444 NOK
Estimated Monthly Salary: 72,037 NOK
Estimated Weekly Salary: 16,624 NOK per week
Estimated Hourly Salary: 416 NOK per hour
Comparing salary to last year:
Estimated Yearly Salary: 835,967 NOKEstimated Monthly Salary: 69,664 NOK
Estimated Weekly Salary: 16,076 NOK per week
Estimated Hourly Salary: 402 NOK per hour
Business Loan Processor estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 78,703 USD
Estimated Monthly Salary: 6,559 USD
Estimated Weekly Salary: 1,514 USD per week
Estimated Hourly Salary: 38 USD per hour
Difference in salary year over year or average salary increase is approximately
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
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Country:
Salary comparison to National average
Norway, located in Northern Europe, is a country known for its stunning natural landscapes, including fjords, mountains, and forests. With a population of approximately 5.4 million people, it is one of the least densely populated countries in Europe. The size of Norway is around 323,802 square kilometers, making it larger than many European countries.
Estimated national average yearly salary is 977,067 NOK (95,510 USD). Value indicated is pre-tax. Below graph shows estimated Business Loan Processor job salary compared to average salary in Norway.
Comparison shows that a person working as Business Loan Processor in Norway earns on average:
0.88 times the average salary (or 88% of average salary).
Estimated national average yearly salary is 977,067 NOK (95,510 USD). Value indicated is pre-tax. Below graph shows estimated Business Loan Processor job salary compared to average salary in Norway.
Comparison shows that a person working as Business Loan Processor in Norway earns on average:
0.88 times the average salary (or 88% of average salary).
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 950,888 NOK and 1,253,444 NOK. However this is an estimation based on Gaussian Distribution.How much can you save working as Business Loan Processor in Norway?
Living in Norway the approximate monthly expenses are: 3,820 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: 864,444 NOK
Estimated Monthly Salary: 72,037 NOK
Estimated Weekly Salary: 16,624 NOK per week
Estimated Hourly Salary: 416 NOK per hour
By working as Business Loan Processor a person can save up to 2,738 USD per month or 32,858 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 Norway, see costs of living in Norway.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Sweden, Finland, Russia, Denmark. 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
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
- 6 to 10 years of experience yields
- 11 to 15 years of experience yields
- 16 to 25 years of experience yields
- more than 25 years of experience yields
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Random salary:
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