Home > Salary > Saudi Arabia > Senior Loan Officer
A senior loan officer is responsible for managing the loan application process and ensuring the successful completion of loan transactions. They evaluate loan applications, review financial documents, and assess creditworthiness of borrowers. Senior loan officers also negotiate loan terms and conditions, including interest rates and repayment schedules, with clients. They provide guidance and advice to clients regarding various loan options and help them choose the most suitable one based on their financial goals and circumstances. Additionally, senior loan officers build and maintain relationships with clients, real estate agents, and other professionals in the industry to generate leads and expand their client base. They stay updated with market trends, lending regulations, and loan products to provide accurate information and excellent customer service.
Estimated Yearly Salary: 136,099 SAR
Estimated Monthly Salary: 11,342 SAR
Estimated Weekly Salary: 2,617 SAR per week
Estimated Hourly Salary: 65 SAR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 10,927 SAR
Estimated Weekly Salary: 2,522 SAR per week
Estimated Hourly Salary: 63 SAR per hour
Last revision of data: 2024-01-08
Estimated Yearly Salary: 33,907 USD
Estimated Monthly Salary: 2,826 USD
Estimated Weekly Salary: 652 USD per week
Estimated Hourly Salary: 16 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
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: 136,099 SAR
Estimated Monthly Salary: 11,342 SAR
Estimated Weekly Salary: 2,617 SAR per week
Estimated Hourly Salary: 65 SAR per hour
By working as Senior Loan Officer a person can save up to 1,722 USD per month or 20,664 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 Senior Loan Officer
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Financial services management intern (68,434 SAR per year, pre-tax.)
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Radiologist specialist (112,964 SAR per year, pre-tax.)
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Senior Loan Officer salary in Saudi Arabia
Average Yearly Salary of Senior Loan Officer in Saudi Arabia is approximately 136,099 SAR (33,907 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 Senior Loan Officer do?
A senior loan officer is responsible for managing the loan application process and ensuring the successful completion of loan transactions. They evaluate loan applications, review financial documents, and assess creditworthiness of borrowers. Senior loan officers also negotiate loan terms and conditions, including interest rates and repayment schedules, with clients. They provide guidance and advice to clients regarding various loan options and help them choose the most suitable one based on their financial goals and circumstances. Additionally, senior loan officers build and maintain relationships with clients, real estate agents, and other professionals in the industry to generate leads and expand their client base. They stay updated with market trends, lending regulations, and loan products to provide accurate information and excellent customer service.
Skills: senior loan officer, loan application, credit evaluation, loan negotiation, financial guidance, client relationship management
Job industry: Finance
Job industry: Finance
How much does Senior Loan Officer make?
Salary details
How much does Senior Loan Officer make?Estimated Yearly Salary: 136,099 SAR
Estimated Monthly Salary: 11,342 SAR
Estimated Weekly Salary: 2,617 SAR per week
Estimated Hourly Salary: 65 SAR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 131,120 SAREstimated Monthly Salary: 10,927 SAR
Estimated Weekly Salary: 2,522 SAR per week
Estimated Hourly Salary: 63 SAR per hour
Last revision of data: 2024-01-08Senior Loan Officer estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 33,907 USD
Estimated Monthly Salary: 2,826 USD
Estimated Weekly Salary: 652 USD per week
Estimated Hourly Salary: 16 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %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
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 Senior Loan Officer job salary compared to average salary in Saudi Arabia.
Comparison shows that a person working as Senior Loan Officer in Saudi Arabia earns on average:
1.32 times the average salary (or 132% of average salary).
Estimated national average yearly salary is 103,462 SAR (27,590 USD). Value indicated is pre-tax. Below graph shows estimated Senior Loan Officer job salary compared to average salary in Saudi Arabia.
Comparison shows that a person working as Senior Loan Officer in Saudi Arabia earns on average:
1.32 times the average salary (or 132% of average salary).
Is Senior Loan Officer a well paid job?
Yes, our data shows that Senior Loan Officer 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 Senior Loan Officer?
High salary for Senior Loan Officer would be somewhere between 149,709 SAR and 197,344 SAR. However this is an estimation based on Gaussian Distribution.How much can you save working as Senior Loan Officer 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: 136,099 SAR
Estimated Monthly Salary: 11,342 SAR
Estimated Weekly Salary: 2,617 SAR per week
Estimated Hourly Salary: 65 SAR per hour
By working as Senior Loan Officer a person can save up to 1,722 USD per month or 20,664 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 Senior Loan Officer
Jordan is 11,656 USD
Iraq is 7,404 USD
Kuwait is 16,442 USD
Qatar is 86,383 USD
Bahrain is 22,016 USD
United Arab Emirates is 60,304 USD
Oman is 11,138 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:
Financial services management intern (68,434 SAR per year, pre-tax.)
Human resources (hr), administrator (110,429 SAR per year, pre-tax.)
Pay-per-click (ppc), analyst (99,312 SAR per year, pre-tax.)
Radiologist specialist (112,964 SAR per year, pre-tax.)
Commercial fisherman (87,344 SAR per year, pre-tax.)
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Salary data displayed on this site is informational exclusively. Our figures come from various sources, but we cannot guarantee their accuracy. Users should always double-check salary details with additional resources before making financial decisions. Salaries differ due to economic trends, job location, and negotiation skills. We cannot offer any assurances about the validity of the provided salary data. By continuing to use this site, you acknowledge these terms.
Salary data displayed on this site is informational only. Our figures come from various sources, but we do not guarantee absolute correctness. Users should always verify salary details with official resources before making job-related decisions. Salaries differ due to economic trends, job location, and negotiation skills. We cannot offer any assurances about the completeness of the provided salary data. By navigating this site, you agree these limitations.