Home > Salary > Saudi Arabia > 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: 132,757 SAR
Estimated Monthly Salary: 11,063 SAR
Estimated Weekly Salary: 2,553 SAR per week
Estimated Hourly Salary: 64 SAR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 10,726 SAR
Estimated Weekly Salary: 2,475 SAR per week
Estimated Hourly Salary: 62 SAR per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 33,256 USD
Estimated Monthly Salary: 2,771 USD
Estimated Weekly Salary: 640 USD per week
Estimated Hourly Salary: 16 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: 132,757 SAR
Estimated Monthly Salary: 11,063 SAR
Estimated Weekly Salary: 2,553 SAR per week
Estimated Hourly Salary: 64 SAR per hour
By working as Loan Processing Manager a person can save up to 1,668 USD per month or 20,013 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 Saudi Arabia, see costs of living in Saudi Arabia.
Estimated Yearly Salary for Loan Processing Manager
United Arab Emirates is 59,141 USD 78%
Details on Loan Processing Manager salary in United Arab Emirates Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Diagnostic medical sonographer (121,050 SAR per year, pre-tax.)
Banking foreign exchange clerk (92,624 SAR per year, pre-tax.)
Home health provider (41,129 SAR per year, pre-tax.)
Credit risk analyst (110,618 SAR per year, pre-tax.)
Medical transcription specialist (83,000 SAR per year, pre-tax.)
Loan Processing Manager salary in Saudi Arabia
Average Yearly Salary of Loan Processing Manager in Saudi Arabia is approximately 132,757 SAR (33,256 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: 132,757 SAR
Estimated Monthly Salary: 11,063 SAR
Estimated Weekly Salary: 2,553 SAR per week
Estimated Hourly Salary: 64 SAR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 128,712 SAREstimated Monthly Salary: 10,726 SAR
Estimated Weekly Salary: 2,475 SAR per week
Estimated Hourly Salary: 62 SAR per hour
Last revision of data: 2024-01-03Loan Processing Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 33,256 USD
Estimated Monthly Salary: 2,771 USD
Estimated Weekly Salary: 640 USD per week
Estimated Hourly Salary: 16 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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Country:
Salary comparison to National average
Saudi Arabia, officially known as the Kingdom of Saudi Arabia, is a country located in the Middle East. With a population of approximately 34 million people, it is the 40th most populous country in the world. The nation covers an area of about 2.15 million square kilometers, making it the 13th largest country globally. Saudi Arabia is bordered by Jordan and Iraq to the north, Kuwait to the northeast, Qatar, Bahrain, and the United Arab Emirates to the east, Oman to the southeast, and Yemen to the south.
Estimated national average yearly salary is 103,462 SAR (27,590 USD). Value indicated is pre-tax. Below graph shows estimated Loan Processing Manager job salary compared to average salary in Saudi Arabia.
Comparison shows that a person working as Loan Processing Manager in Saudi Arabia earns on average:
1.28 times the average salary (or 128% of average salary).
Estimated national average yearly salary is 103,462 SAR (27,590 USD). Value indicated is pre-tax. Below graph shows estimated Loan Processing Manager job salary compared to average salary in Saudi Arabia.
Comparison shows that a person working as Loan Processing Manager in Saudi Arabia earns on average:
1.28 times the average salary (or 128% of average salary).
Is Loan Processing Manager a well paid job?
Yes, our data shows that Loan Processing Manager 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 Processing Manager?
High salary for Loan Processing Manager would be somewhere between 146,033 SAR and 192,498 SAR. However this is an estimation based on Gaussian Distribution.How much can you save working as Loan Processing Manager in Saudi Arabia?
Living in Saudi Arabia the approximate monthly expenses are: 1,104 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: 132,757 SAR
Estimated Monthly Salary: 11,063 SAR
Estimated Weekly Salary: 2,553 SAR per week
Estimated Hourly Salary: 64 SAR per hour
By working as Loan Processing Manager a person can save up to 1,668 USD per month or 20,013 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 Saudi Arabia, see costs of living in Saudi Arabia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Jordan, Iraq, Kuwait, Qatar, Bahrain, United Arab Emirates, Oman, 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
Jordan is 11,473 USD
Iraq is 7,245 USD
Kuwait is 16,178 USD
Qatar is 85,229 USD
Bahrain is 21,596 USDUnited Arab Emirates is 59,141 USD 78%Details on Loan Processing Manager salary in United Arab Emirates
Oman is 10,985 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 Saudi Arabia
(1,155,796 SAR per year, pre-tax.)
2. Cardiologist
(962,048 SAR per year, pre-tax.)
(923,476 SAR per year, pre-tax.)
4. Neurosurgeon
(900,367 SAR per year, pre-tax.)
(897,041 SAR per year, pre-tax.)
(877,388 SAR per year, pre-tax.)
(874,133 SAR per year, pre-tax.)
(873,498 SAR per year, pre-tax.)
9. Urologist
(873,306 SAR per year, pre-tax.)
(872,951 SAR per year, pre-tax.)
Data as of 2025Random salary:
Diagnostic medical sonographer (121,050 SAR per year, pre-tax.)
Banking foreign exchange clerk (92,624 SAR per year, pre-tax.)
Home health provider (41,129 SAR per year, pre-tax.)
Credit risk analyst (110,618 SAR per year, pre-tax.)
Medical transcription specialist (83,000 SAR per year, pre-tax.)
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