Home > Salary > Oman > Loan Processing Manager
A loan processing manager is responsible for overseeing the loan application and approval process within a financial institution. They manage a team of loan processors, ensuring that all loan applications are reviewed, verified, and processed efficiently and accurately. The loan processing manager works closely with loan officers, underwriters, and other departments to gather necessary documentation, assess applicant eligibility, and ensure compliance with lending regulations. They also monitor loan pipeline, track loan progress, and resolve any issues or discrepancies that may arise during the loan processing cycle. Additionally, they may be involved in training and mentoring loan processors, implementing process improvements, and analyzing loan data to identify trends and areas for improvement.
Estimated Yearly Salary: 26,054 OMR
Estimated Monthly Salary: 2,171 OMR
Estimated Weekly Salary: 501 OMR per week
Estimated Hourly Salary: 13 OMR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 2,103 OMR
Estimated Weekly Salary: 485 OMR per week
Estimated Hourly Salary: 12 OMR per hour
Last revision of data: 2024-02-07
Estimated Yearly Salary: 10,985 USD
Estimated Monthly Salary: 915 USD
Estimated Weekly Salary: 211 USD per week
Estimated Hourly Salary: 5 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: 26,054 OMR
Estimated Monthly Salary: 2,171 OMR
Estimated Weekly Salary: 501 OMR per week
Estimated Hourly Salary: 13 OMR per hour
By working as Loan Processing Manager a person can save up to 50 USD per month or 598 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 Oman, see costs of living in Oman.
Estimated Yearly Salary for Loan Processing Manager
United Arab Emirates is 59,141 USD 438%
Details on Loan Processing Manager salary in United Arab Emirates Last revision of data: 2025-01-04
Data as of 2025
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Loan Processing Manager salary in Oman
Average Yearly Salary of Loan Processing Manager in Oman is approximately 26,054 OMR (10,985 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 Processing Manager do?
A loan processing manager is responsible for overseeing the loan application and approval process within a financial institution. They manage a team of loan processors, ensuring that all loan applications are reviewed, verified, and processed efficiently and accurately. The loan processing manager works closely with loan officers, underwriters, and other departments to gather necessary documentation, assess applicant eligibility, and ensure compliance with lending regulations. They also monitor loan pipeline, track loan progress, and resolve any issues or discrepancies that may arise during the loan processing cycle. Additionally, they may be involved in training and mentoring loan processors, implementing process improvements, and analyzing loan data to identify trends and areas for improvement.
Skills: Loan processing manager, Loan application, Loan approval, Financial institution, Compliance, Team management.
Job industry: Finance
Job industry: Finance
How much does Loan Processing Manager make?
Salary details
How much does Loan Processing Manager make?Estimated Yearly Salary: 26,054 OMR
Estimated Monthly Salary: 2,171 OMR
Estimated Weekly Salary: 501 OMR per week
Estimated Hourly Salary: 13 OMR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 25,239 OMREstimated Monthly Salary: 2,103 OMR
Estimated Weekly Salary: 485 OMR per week
Estimated Hourly Salary: 12 OMR per hour
Last revision of data: 2024-02-07Loan Processing Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 10,985 USD
Estimated Monthly Salary: 915 USD
Estimated Weekly Salary: 211 USD per week
Estimated Hourly Salary: 5 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
Oman, officially known as the Sultanate of Oman, is a country located in the southeastern coast of the Arabian Peninsula. With a population of around 5 million people, it spans an area of approximately 309,500 square kilometers. Oman is bordered by the United Arab Emirates to the northwest, Saudi Arabia to the west, and Yemen to the southwest.
Estimated national average yearly salary is 8,321 OMR (21,640 USD). Value indicated is pre-tax. Below graph shows estimated Loan Processing Manager job salary compared to average salary in Oman.
Comparison shows that a person working as Loan Processing Manager in Oman earns on average:
3.13 times the average salary (or 313% of average salary).
Estimated national average yearly salary is 8,321 OMR (21,640 USD). Value indicated is pre-tax. Below graph shows estimated Loan Processing Manager job salary compared to average salary in Oman.
Comparison shows that a person working as Loan Processing Manager in Oman earns on average:
3.13 times the average salary (or 313% of average salary).
Is Loan Processing Manager a well paid job?
Yes, our data show that Loan Processing Manager is a very 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 Processing Manager?
High salary for Loan Processing Manager would be somewhere between 28,659 OMR and 37,778 OMR. However this is an estimation based on Gaussian Distribution.How much can you save working as Loan Processing Manager in Oman?
Living in Oman the approximate monthly expenses are: 866 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: 26,054 OMR
Estimated Monthly Salary: 2,171 OMR
Estimated Weekly Salary: 501 OMR per week
Estimated Hourly Salary: 13 OMR per hour
By working as Loan Processing Manager a person can save up to 50 USD per month or 598 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 Oman, see costs of living in Oman.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Saudi Arabia, United Arab Emirates, Yemen. 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 Processing Manager
Saudi Arabia is 33,256 USDUnited Arab Emirates is 59,141 USD 438%Details on Loan Processing Manager salary in United Arab Emirates
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 Oman
(225,004 OMR per year, pre-tax.)
2. Cardiologist
(187,817 OMR per year, pre-tax.)
(181,259 OMR per year, pre-tax.)
4. Neurosurgeon
(176,098 OMR per year, pre-tax.)
(175,311 OMR per year, pre-tax.)
(172,262 OMR per year, pre-tax.)
7. Urologist
(172,070 OMR per year, pre-tax.)
(171,963 OMR per year, pre-tax.)
9. Oncologist
(171,687 OMR per year, pre-tax.)
(171,274 OMR per year, pre-tax.)
Data as of 2025Random salary:
Medical transcription specialist (13,588 OMR per year, pre-tax.)
Cable installation technician (10,043 OMR per year, pre-tax.)
Sap development lead (39,779 OMR per year, pre-tax.)
City-planning engineer (30,664 OMR per year, pre-tax.)
Service manager motorcycle (16,275 OMR per year, pre-tax.)
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