Home > Salary > Norway > 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: 1,022,301 NOK
Estimated Monthly Salary: 85,192 NOK
Estimated Weekly Salary: 19,660 NOK per week
Estimated Hourly Salary: 491 NOK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 82,070 NOK
Estimated Weekly Salary: 18,939 NOK per week
Estimated Hourly Salary: 473 NOK per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 92,979 USD
Estimated Monthly Salary: 7,748 USD
Estimated Weekly Salary: 1,788 USD per week
Estimated Hourly Salary: 45 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: 1,022,301 NOK
Estimated Monthly Salary: 85,192 NOK
Estimated Weekly Salary: 19,660 NOK per week
Estimated Hourly Salary: 491 NOK per hour
By working as Loan Officer a person can save up to 3,928 USD per month or 47,134 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 Loan Officer
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Pharmacy district manager (3,069,044 NOK per year, pre-tax.)
Control systems engineer (1,677,368 NOK per year, pre-tax.)
Checkout operator (458,062 NOK per year, pre-tax.)
Office clerk assistant (498,303 NOK per year, pre-tax.)
Data consultant (1,717,749 NOK per year, pre-tax.)
Loan Officer salary in Norway
Average Yearly Salary of Loan Officer in Norway is approximately 1,022,301 NOK (92,979 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: 1,022,301 NOK
Estimated Monthly Salary: 85,192 NOK
Estimated Weekly Salary: 19,660 NOK per week
Estimated Hourly Salary: 491 NOK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 984,841 NOKEstimated Monthly Salary: 82,070 NOK
Estimated Weekly Salary: 18,939 NOK per week
Estimated Hourly Salary: 473 NOK 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: 92,979 USD
Estimated Monthly Salary: 7,748 USD
Estimated Weekly Salary: 1,788 USD per week
Estimated Hourly Salary: 45 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
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 Loan Officer job salary compared to average salary in Norway.
Comparison shows that a person working as Loan Officer in Norway earns on average:
1.05 times the average salary (or 105% of average salary).
Estimated national average yearly salary is 977,067 NOK (95,510 USD). Value indicated is pre-tax. Below graph shows estimated Loan Officer job salary compared to average salary in Norway.
Comparison shows that a person working as Loan Officer in Norway earns on average:
1.05 times the average salary (or 105% 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 1,124,531 NOK and 1,482,336 NOK. However this is an estimation based on Gaussian Distribution.How much can you save working as Loan Officer 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: 1,022,301 NOK
Estimated Monthly Salary: 85,192 NOK
Estimated Weekly Salary: 19,660 NOK per week
Estimated Hourly Salary: 491 NOK per hour
By working as Loan Officer a person can save up to 3,928 USD per month or 47,134 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 Loan Officer
Sweden is 61,257 USD
Finland is 52,543 USD
Russia is 12,443 USD
Denmark is 71,022 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:
Pharmacy district manager (3,069,044 NOK per year, pre-tax.)
Control systems engineer (1,677,368 NOK per year, pre-tax.)
Checkout operator (458,062 NOK per year, pre-tax.)
Office clerk assistant (498,303 NOK per year, pre-tax.)
Data consultant (1,717,749 NOK 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=norway&job=loan-officer'><img src='https://optisalary.com/wp-content/graphs/salary/loan-officer-salary-in-norway-2025.jpg' alt='loan officer salary in norway 2025' title='loan officer salary in norway 2025' /></a>
Please note:The salary figures on this website are meant for reference purposes only.
optisalary.com aggregates salary data for educational purposes exclusively. While we endeavor to present correct figures, we do not ensure their absolute reliability. Users are strongly advised to consult additional sources before finalizing career-related plans. Salary amounts vary based on multiple factors, such as location, job role, and individual qualifications. We make no claims as to the correctness of the provided information. Your access of this site acknowledges acceptance of this disclaimer.
The salary figures presented here are intended for reference purposes only. While we strive to ensure accuracy, we cannot guarantee all figures is flawless. Users are advised to confirm salary details with independent sources before making critical career choices. Salary amounts may fluctuate due to negotiation, industry trends, and location. We disclaim responsibility for errors in the salary data displayed.