Home > Salary > Norway > Consumer Loan Manager
A consumer loan manager is responsible for overseeing and managing the consumer loan department of a financial institution. They are responsible for evaluating loan applications, determining creditworthiness, and making lending decisions. Consumer loan managers also develop and implement loan policies and procedures, ensuring compliance with regulatory requirements. They work closely with loan officers and underwriters to ensure efficient loan processing and excellent customer service. Additionally, they monitor loan portfolio performance, identify potential risks, and implement strategies to mitigate those risks. Strong analytical skills, knowledge of lending regulations, and excellent communication skills are essential for success in this role.
Estimated Yearly Salary: 1,264,136 NOK
Estimated Monthly Salary: 105,345 NOK
Estimated Weekly Salary: 24,310 NOK per week
Estimated Hourly Salary: 608 NOK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 102,110 NOK
Estimated Weekly Salary: 23,564 NOK per week
Estimated Hourly Salary: 589 NOK per hour
Last revision of data: 2024-01-08
Estimated Yearly Salary: 115,204 USD
Estimated Monthly Salary: 9,600 USD
Estimated Weekly Salary: 2,215 USD per week
Estimated Hourly Salary: 55 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: 1,264,136 NOK
Estimated Monthly Salary: 105,345 NOK
Estimated Weekly Salary: 24,310 NOK per week
Estimated Hourly Salary: 608 NOK per hour
By working as Consumer Loan Manager a person can save up to 5,780 USD per month or 69,359 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 Consumer Loan Manager
Last revision of data: 2025-01-04
Data as of 2025
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Consumer Loan Manager salary in Norway
Average Yearly Salary of Consumer Loan Manager in Norway is approximately 1,264,136 NOK (115,204 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 Manager do?
A consumer loan manager is responsible for overseeing and managing the consumer loan department of a financial institution. They are responsible for evaluating loan applications, determining creditworthiness, and making lending decisions. Consumer loan managers also develop and implement loan policies and procedures, ensuring compliance with regulatory requirements. They work closely with loan officers and underwriters to ensure efficient loan processing and excellent customer service. Additionally, they monitor loan portfolio performance, identify potential risks, and implement strategies to mitigate those risks. Strong analytical skills, knowledge of lending regulations, and excellent communication skills are essential for success in this role.
Skills: consumer loan manager, lending decisions, loan portfolio management, risk mitigation, regulatory compliance, customer service
Job industry: Finance
Job industry: Finance
How much does Consumer Loan Manager make?
Salary details
How much does Consumer Loan Manager make?Estimated Yearly Salary: 1,264,136 NOK
Estimated Monthly Salary: 105,345 NOK
Estimated Weekly Salary: 24,310 NOK per week
Estimated Hourly Salary: 608 NOK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 1,225,323 NOKEstimated Monthly Salary: 102,110 NOK
Estimated Weekly Salary: 23,564 NOK per week
Estimated Hourly Salary: 589 NOK per hour
Last revision of data: 2024-01-08Consumer Loan Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 115,204 USD
Estimated Monthly Salary: 9,600 USD
Estimated Weekly Salary: 2,215 USD per week
Estimated Hourly Salary: 55 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %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
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 Consumer Loan Manager job salary compared to average salary in Norway.
Comparison shows that a person working as Consumer Loan Manager in Norway earns on average:
1.29 times the average salary (or 129% of average salary).
Estimated national average yearly salary is 977,067 NOK (95,510 USD). Value indicated is pre-tax. Below graph shows estimated Consumer Loan Manager job salary compared to average salary in Norway.
Comparison shows that a person working as Consumer Loan Manager in Norway earns on average:
1.29 times the average salary (or 129% of average salary).
Is Consumer Loan Manager a well paid job?
Yes, our data shows that Consumer Loan Manager is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Consumer Loan Manager?
High salary for Consumer Loan Manager would be somewhere between 1,390,550 NOK and 1,832,997 NOK. However this is an estimation based on Gaussian Distribution.How much can you save working as Consumer Loan Manager 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: 1,264,136 NOK
Estimated Monthly Salary: 105,345 NOK
Estimated Weekly Salary: 24,310 NOK per week
Estimated Hourly Salary: 608 NOK per hour
By working as Consumer Loan Manager a person can save up to 5,780 USD per month or 69,359 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 Consumer Loan Manager
Sweden is 76,303 USD
Finland is 65,856 USD
Russia is 15,454 USD
Denmark is 88,283 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 Norway
(10,937,756 NOK per year, pre-tax.)
2. Cardiologist
(9,106,184 NOK per year, pre-tax.)
(8,829,745 NOK per year, pre-tax.)
4. Neurosurgeon
(8,566,101 NOK per year, pre-tax.)
(8,524,526 NOK per year, pre-tax.)
6. Oncologist
(8,361,766 NOK per year, pre-tax.)
7. Urologist
(8,317,150 NOK per year, pre-tax.)
(8,311,831 NOK per year, pre-tax.)
(8,311,163 NOK per year, pre-tax.)
(8,310,747 NOK per year, pre-tax.)
Data as of 2025Random salary:
Security systems administrator (1,711,649 NOK per year, pre-tax.)
Tank wagon driver (674,177 NOK per year, pre-tax.)
Senior statistician (1,680,554 NOK per year, pre-tax.)
Cash management specialist (755,810 NOK per year, pre-tax.)
Industrial nurse (889,130 NOK per year, pre-tax.)
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