Home > Salary > Norway > Loan Officer Commercial
A loan officer in the commercial sector is responsible for evaluating, approving, and managing loans for businesses and organizations. They work closely with clients to understand their financial needs and objectives, analyze creditworthiness, and assess the risk involved in lending money. Loan officers review applications, financial statements, and credit reports to determine loan eligibility and terms. They also negotiate loan terms and conditions, ensuring compliance with regulations and company policies. Additionally, they maintain relationships with existing clients, provide advice on financial matters, and monitor loan portfolios for potential risks or opportunities. This occupation requires strong analytical skills, attention to detail, and excellent communication and customer service abilities.
Estimated Yearly Salary: 1,570,968 NOK
Estimated Monthly Salary: 130,914 NOK
Estimated Weekly Salary: 30,211 NOK per week
Estimated Hourly Salary: 755 NOK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 126,923 NOK
Estimated Weekly Salary: 29,290 NOK per week
Estimated Hourly Salary: 732 NOK per hour
Last revision of data: 2024-01-08
Estimated Yearly Salary: 143,266 USD
Estimated Monthly Salary: 11,939 USD
Estimated Weekly Salary: 2,755 USD per week
Estimated Hourly Salary: 69 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: 1,570,968 NOK
Estimated Monthly Salary: 130,914 NOK
Estimated Weekly Salary: 30,211 NOK per week
Estimated Hourly Salary: 755 NOK per hour
By working as Loan Officer Commercial a person can save up to 8,118 USD per month or 97,421 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 Commercial
Last revision of data: 2025-01-04
Data as of 2025
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Loan Officer Commercial salary in Norway
Average Yearly Salary of Loan Officer Commercial in Norway is approximately 1,570,968 NOK (143,266 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 Commercial do?
A loan officer in the commercial sector is responsible for evaluating, approving, and managing loans for businesses and organizations. They work closely with clients to understand their financial needs and objectives, analyze creditworthiness, and assess the risk involved in lending money. Loan officers review applications, financial statements, and credit reports to determine loan eligibility and terms. They also negotiate loan terms and conditions, ensuring compliance with regulations and company policies. Additionally, they maintain relationships with existing clients, provide advice on financial matters, and monitor loan portfolios for potential risks or opportunities. This occupation requires strong analytical skills, attention to detail, and excellent communication and customer service abilities.
Skills: loan officer, commercial lending, financial analysis, credit evaluation, loan management, risk assessment
Job industry: Banking
Job industry: Banking
How much does Loan Officer Commercial make?
Salary details
How much does Loan Officer Commercial make?Estimated Yearly Salary: 1,570,968 NOK
Estimated Monthly Salary: 130,914 NOK
Estimated Weekly Salary: 30,211 NOK per week
Estimated Hourly Salary: 755 NOK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 1,523,071 NOKEstimated Monthly Salary: 126,923 NOK
Estimated Weekly Salary: 29,290 NOK per week
Estimated Hourly Salary: 732 NOK per hour
Last revision of data: 2024-01-08Loan Officer Commercial estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 143,266 USD
Estimated Monthly Salary: 11,939 USD
Estimated Weekly Salary: 2,755 USD per week
Estimated Hourly Salary: 69 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
Compare salary to other countries
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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 Loan Officer Commercial job salary compared to average salary in Norway.
Comparison shows that a person working as Loan Officer Commercial in Norway earns on average:
1.61 times the average salary (or 161% 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 Commercial job salary compared to average salary in Norway.
Comparison shows that a person working as Loan Officer Commercial in Norway earns on average:
1.61 times the average salary (or 161% of average salary).
Is Loan Officer Commercial a well paid job?
Yes, our data shows that Loan Officer Commercial 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 Loan Officer Commercial?
High salary for Loan Officer Commercial would be somewhere between 1,728,065 NOK and 2,277,904 NOK. However this is an estimation based on Gaussian Distribution.How much can you save working as Loan Officer Commercial 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: 1,570,968 NOK
Estimated Monthly Salary: 130,914 NOK
Estimated Weekly Salary: 30,211 NOK per week
Estimated Hourly Salary: 755 NOK per hour
By working as Loan Officer Commercial a person can save up to 8,118 USD per month or 97,421 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 Commercial
Sweden is 94,526 USD
Finland is 81,794 USD
Russia is 19,237 USD
Denmark is 109,517 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.)
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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:
Service manager automotive (1,216,572 NOK per year, pre-tax.)
Bookbinder (862,513 NOK per year, pre-tax.)
Swimming teacher (498,303 NOK per year, pre-tax.)
Accounts receivable specialist (644,869 NOK per year, pre-tax.)
Controls designer (928,209 NOK per year, pre-tax.)
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