Home > Salary > Philippines > 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: 229,510 PHP
Estimated Monthly Salary: 19,126 PHP
Estimated Weekly Salary: 4,414 PHP per week
Estimated Hourly Salary: 110 PHP per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 18,515 PHP
Estimated Weekly Salary: 4,273 PHP per week
Estimated Hourly Salary: 107 PHP per hour
Last revision of data: 2024-01-09
Estimated Yearly Salary: 3,833 USD
Estimated Monthly Salary: 319 USD
Estimated Weekly Salary: 74 USD per week
Estimated Hourly Salary: 2 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: 229,510 PHP
Estimated Monthly Salary: 19,126 PHP
Estimated Weekly Salary: 4,414 PHP per week
Estimated Hourly Salary: 110 PHP per hour
By working as Loan Officer a person can save up to 161 USD per month or 1,937 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 Philippines, see costs of living in Philippines.
Estimated Yearly Salary for Loan Officer
Last revision of data: 2025-01-04
Data as of 2025
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Loan Officer salary in Philippines
Average Yearly Salary of Loan Officer in Philippines is approximately 229,510 PHP (3,833 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: 229,510 PHP
Estimated Monthly Salary: 19,126 PHP
Estimated Weekly Salary: 4,414 PHP per week
Estimated Hourly Salary: 110 PHP per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 222,180 PHPEstimated Monthly Salary: 18,515 PHP
Estimated Weekly Salary: 4,273 PHP per week
Estimated Hourly Salary: 107 PHP per hour
Last revision of data: 2024-01-09Loan Officer estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 3,833 USD
Estimated Monthly Salary: 319 USD
Estimated Weekly Salary: 74 USD per week
Estimated Hourly Salary: 2 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
The Philippines is an archipelagic country located in Southeast Asia. It is composed of more than 7,000 islands and has a total land area of approximately 300,000 square kilometers. The population of the Philippines is around 110 million people, making it the 13th most populous country in the world. The capital city is Manila, which is one of the most densely populated cities globally.
Estimated national average yearly salary is 218,988 PHP (3,950 USD). Value indicated is pre-tax. Below graph shows estimated Loan Officer job salary compared to average salary in Philippines.
Comparison shows that a person working as Loan Officer in Philippines earns on average:
1.05 times the average salary (or 105% of average salary).
Estimated national average yearly salary is 218,988 PHP (3,950 USD). Value indicated is pre-tax. Below graph shows estimated Loan Officer job salary compared to average salary in Philippines.
Comparison shows that a person working as Loan Officer in Philippines 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 252,461 PHP and 332,790 PHP. However this is an estimation based on Gaussian Distribution.How much can you save working as Loan Officer in Philippines?
Living in Philippines the approximate monthly expenses are: 158 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: 229,510 PHP
Estimated Monthly Salary: 19,126 PHP
Estimated Weekly Salary: 4,414 PHP per week
Estimated Hourly Salary: 110 PHP per hour
By working as Loan Officer a person can save up to 161 USD per month or 1,937 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 Philippines, see costs of living in Philippines.
Salary comparison to region and neighbouring coutries
Country's neighbours are: China, Taiwan, Vietnam, Malaysia, Indonesia, Brunei.. 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
China is 12,426 USD
Vietnam is 3,878 USD
Malaysia is 17,280 USD
Indonesia is 10,244 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 Philippines
(2,481,728 PHP per year, pre-tax.)
2. Cardiologist
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4. Neurosurgeon
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6. Urologist
(1,880,648 PHP per year, pre-tax.)
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(1,877,420 PHP per year, pre-tax.)
9. Oncologist
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Data as of 2025Random salary:
Animal trainer for film and television (192,709 PHP per year, pre-tax.)
Facility administrator (335,820 PHP per year, pre-tax.)
Programmer analyst (258,406 PHP per year, pre-tax.)
Senior manager business analytics (481,774 PHP per year, pre-tax.)
Trade show manager (218,677 PHP per year, pre-tax.)
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