Home > Salary > Qatar > Loan Closer
A loan closer is responsible for finalizing the details of a loan transaction and ensuring all necessary documents are completed accurately and in compliance with regulations. This occupation requires strong attention to detail, organization, and knowledge of loan processing procedures. Loan closers work closely with lenders, borrowers, and other parties involved in the loan process to coordinate and facilitate the closing of loans. They review loan applications, verify information, prepare loan documents, calculate loan amounts, and coordinate the signing of documents. Loan closers must have a thorough understanding of loan products, underwriting guidelines, and legal requirements.
Estimated Yearly Salary: 286,002 QAR
Estimated Monthly Salary: 23,834 QAR
Estimated Weekly Salary: 5,500 QAR per week
Estimated Hourly Salary: 138 QAR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 23,053 QAR
Estimated Weekly Salary: 5,320 QAR per week
Estimated Hourly Salary: 133 QAR per hour
Last revision of data: 2024-01-07
Estimated Yearly Salary: 71,700 USD
Estimated Monthly Salary: 5,975 USD
Estimated Weekly Salary: 1,379 USD per week
Estimated Hourly Salary: 34 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: 286,002 QAR
Estimated Monthly Salary: 23,834 QAR
Estimated Weekly Salary: 5,500 QAR per week
Estimated Hourly Salary: 138 QAR per hour
By working as Loan Closer a person can save up to 3,155 USD per month or 37,860 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 Qatar, see costs of living in Qatar.
Estimated Yearly Salary for Loan Closer
Last revision of data: 2025-01-04
Data as of 2025
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Loan Closer salary in Qatar
Average Yearly Salary of Loan Closer in Qatar is approximately 286,002 QAR (71,700 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 Closer do?
A loan closer is responsible for finalizing the details of a loan transaction and ensuring all necessary documents are completed accurately and in compliance with regulations. This occupation requires strong attention to detail, organization, and knowledge of loan processing procedures. Loan closers work closely with lenders, borrowers, and other parties involved in the loan process to coordinate and facilitate the closing of loans. They review loan applications, verify information, prepare loan documents, calculate loan amounts, and coordinate the signing of documents. Loan closers must have a thorough understanding of loan products, underwriting guidelines, and legal requirements.
Skills: Loan Closer, Loan Processing, Loan Documentation, Mortgage Closing, Compliance, Loan Coordination.
Job industry: Finance
Job industry: Finance
How much does Loan Closer make?
Salary details
How much does Loan Closer make?Estimated Yearly Salary: 286,002 QAR
Estimated Monthly Salary: 23,834 QAR
Estimated Weekly Salary: 5,500 QAR per week
Estimated Hourly Salary: 138 QAR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 276,640 QAREstimated Monthly Salary: 23,053 QAR
Estimated Weekly Salary: 5,320 QAR per week
Estimated Hourly Salary: 133 QAR per hour
Last revision of data: 2024-01-07Loan Closer estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 71,700 USD
Estimated Monthly Salary: 5,975 USD
Estimated Weekly Salary: 1,379 USD per week
Estimated Hourly Salary: 34 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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Country:
Salary comparison to National average
Qatar, a sovereign country located in the Middle East, is known for its rich culture and rapid development. With a population of approximately 2.8 million people, Qatar is a relatively small nation. Its total land area covers around 11,586 square kilometers, making it one of the smallest countries in the region.
Estimated national average yearly salary is 256,620 QAR (70,500 USD). Value indicated is pre-tax. Below graph shows estimated Loan Closer job salary compared to average salary in Qatar.
Comparison shows that a person working as Loan Closer in Qatar earns on average:
1.11 times the average salary (or 111% of average salary).
Estimated national average yearly salary is 256,620 QAR (70,500 USD). Value indicated is pre-tax. Below graph shows estimated Loan Closer job salary compared to average salary in Qatar.
Comparison shows that a person working as Loan Closer in Qatar earns on average:
1.11 times the average salary (or 111% of average salary).
Is Loan Closer a well paid job?
Yes, our data show that Loan Closer 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 Closer?
High salary for Loan Closer would be somewhere between 314,602 QAR and 414,703 QAR. However this is an estimation based on Gaussian Distribution.How much can you save working as Loan Closer in Qatar?
Living in Qatar the approximate monthly expenses are: 2,820 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: 286,002 QAR
Estimated Monthly Salary: 23,834 QAR
Estimated Weekly Salary: 5,500 QAR per week
Estimated Hourly Salary: 138 QAR per hour
By working as Loan Closer a person can save up to 3,155 USD per month or 37,860 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 Qatar, see costs of living in Qatar.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Saudi Arabia, United Arab Emirates, Bahrain, Kuwait, Iran. 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 Closer
Saudi Arabia is 28,020 USD
United Arab Emirates is 49,626 USD
Bahrain is 18,137 USD
Kuwait is 13,602 USD
Iran is 8,012 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 Qatar
(2,939,572 QAR per year, pre-tax.)
2. Cardiologist
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(2,369,219 QAR per year, pre-tax.)
(2,290,381 QAR per year, pre-tax.)
5. Neurosurgeon
(2,287,404 QAR per year, pre-tax.)
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7. Urologist
(2,240,458 QAR per year, pre-tax.)
(2,237,140 QAR per year, pre-tax.)
9. Oncologist
(2,234,247 QAR per year, pre-tax.)
(2,233,539 QAR per year, pre-tax.)
Data as of 2025Random salary:
Food safety and quality technician (179,132 QAR per year, pre-tax.)
Credentialing analyst (212,092 QAR per year, pre-tax.)
Vice president (vp), information systems (is) (489,779 QAR per year, pre-tax.)
Medical specialty services scheduling specialist (148,840 QAR per year, pre-tax.)
Production supervisor (343,065 QAR per year, pre-tax.)
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