Home > Salary > Singapore > Lending Officer
A lending officer is a financial professional who works in banks, credit unions, or other financial institutions. Their primary responsibility is to evaluate loan applications and determine the creditworthiness of borrowers. Lending officers assess the financial background of applicants, including their income, employment history, credit score, and debt-to-income ratio. They analyze this information to decide whether to approve or deny loan requests, and if approved, they determine the loan amount, interest rate, and repayment terms. Lending officers also guide clients through the loan application process, explaining the various options available and helping them choose the most suitable loan product. Additionally, they may assist with refinancing existing loans or restructuring payment plans. Strong analytical skills, attention to detail, and knowledge of lending regulations are essential for this role.
Estimated Yearly Salary: 157,250 SGD
Estimated Monthly Salary: 13,104 SGD
Estimated Weekly Salary: 3,024 SGD per week
Estimated Hourly Salary: 76 SGD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 12,696 SGD
Estimated Weekly Salary: 2,930 SGD per week
Estimated Hourly Salary: 73 SGD per hour
Last revision of data: 2024-01-08
Estimated Yearly Salary: 79,143 USD
Estimated Monthly Salary: 6,595 USD
Estimated Weekly Salary: 1,522 USD per week
Estimated Hourly Salary: 38 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: 157,250 SGD
Estimated Monthly Salary: 13,104 SGD
Estimated Weekly Salary: 3,024 SGD per week
Estimated Hourly Salary: 76 SGD per hour
By working as Lending Officer a person can save up to 3,907 USD per month or 46,887 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 Singapore, see costs of living in Singapore.
Estimated Yearly Salary for Lending Officer
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Reading specialist (137,706 SGD per year, pre-tax.)
Laundry manager (90,608 SGD per year, pre-tax.)
Field service engineer electrical equipment (117,314 SGD per year, pre-tax.)
Risk management director (319,362 SGD per year, pre-tax.)
Personal financial advisor (124,944 SGD per year, pre-tax.)
Lending Officer salary in Singapore
Average Yearly Salary of Lending Officer in Singapore is approximately 157,250 SGD (79,143 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 Lending Officer do?
A lending officer is a financial professional who works in banks, credit unions, or other financial institutions. Their primary responsibility is to evaluate loan applications and determine the creditworthiness of borrowers. Lending officers assess the financial background of applicants, including their income, employment history, credit score, and debt-to-income ratio. They analyze this information to decide whether to approve or deny loan requests, and if approved, they determine the loan amount, interest rate, and repayment terms. Lending officers also guide clients through the loan application process, explaining the various options available and helping them choose the most suitable loan product. Additionally, they may assist with refinancing existing loans or restructuring payment plans. Strong analytical skills, attention to detail, and knowledge of lending regulations are essential for this role.
Skills: Lending officer, Credit analysis, Loan evaluation, Financial institution, Loan processing, Creditworthiness
Job industry: Banking
Job industry: Banking
How much does Lending Officer make?
Salary details
How much does Lending Officer make?Estimated Yearly Salary: 157,250 SGD
Estimated Monthly Salary: 13,104 SGD
Estimated Weekly Salary: 3,024 SGD per week
Estimated Hourly Salary: 76 SGD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 152,356 SGDEstimated Monthly Salary: 12,696 SGD
Estimated Weekly Salary: 2,930 SGD per week
Estimated Hourly Salary: 73 SGD per hour
Last revision of data: 2024-01-08Lending Officer estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 79,143 USD
Estimated Monthly Salary: 6,595 USD
Estimated Weekly Salary: 1,522 USD per week
Estimated Hourly Salary: 38 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
Please type in your occupation and select desired country to see latest trends in salaries.
Country:
Salary comparison to National average
Singapore is a vibrant and cosmopolitan city-state located in Southeast Asia. With a population of approximately 5.7 million people, it is one of the most densely populated countries in the world. Despite its small size, measuring only 719 square kilometers, Singapore has become a global hub for trade, finance, and tourism.
Estimated national average yearly salary is 95,377 SGD (67,200 USD). Value indicated is pre-tax. Below graph shows estimated Lending Officer job salary compared to average salary in Singapore.
Comparison shows that a person working as Lending Officer in Singapore earns on average:
1.65 times the average salary (or 165% of average salary).
Estimated national average yearly salary is 95,377 SGD (67,200 USD). Value indicated is pre-tax. Below graph shows estimated Lending Officer job salary compared to average salary in Singapore.
Comparison shows that a person working as Lending Officer in Singapore earns on average:
1.65 times the average salary (or 165% of average salary).
Is Lending Officer a well paid job?
Yes, our data shows that Lending 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 Lending Officer?
High salary for Lending Officer would be somewhere between 172,975 SGD and 228,013 SGD. However this is an estimation based on Gaussian Distribution.How much can you save working as Lending Officer in Singapore?
Living in Singapore the approximate monthly expenses are: 2,688 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: 157,250 SGD
Estimated Monthly Salary: 13,104 SGD
Estimated Weekly Salary: 3,024 SGD per week
Estimated Hourly Salary: 76 SGD per hour
By working as Lending Officer a person can save up to 3,907 USD per month or 46,887 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 Singapore, see costs of living in Singapore.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Malaysia, Indonesia. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Lending Officer
Malaysia is 20,912 USD
Indonesia is 12,436 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 Singapore
(1,400,313 SGD per year, pre-tax.)
2. Cardiologist
(1,169,524 SGD per year, pre-tax.)
(1,129,281 SGD per year, pre-tax.)
(1,093,464 SGD per year, pre-tax.)
5. Neurosurgeon
(1,091,467 SGD per year, pre-tax.)
(1,068,249 SGD per year, pre-tax.)
7. Oncologist
(1,067,130 SGD per year, pre-tax.)
(1,066,002 SGD per year, pre-tax.)
(1,063,823 SGD per year, pre-tax.)
(1,063,241 SGD per year, pre-tax.)
Data as of 2025Random salary:
Reading specialist (137,706 SGD per year, pre-tax.)
Laundry manager (90,608 SGD per year, pre-tax.)
Field service engineer electrical equipment (117,314 SGD per year, pre-tax.)
Risk management director (319,362 SGD per year, pre-tax.)
Personal financial advisor (124,944 SGD per year, pre-tax.)
Feedback about these results
Please provide feedback by clicking buttons below if you find any of our salaries erroneous.
Link to this graph - use the following code to display the salary graph on your page:
<a href='https://optisalary.com/salary?country=singapore&job=lending-officer'><img src='https://optisalary.com/wp-content/graphs/salary/lending-officer-salary-in-singapore-2025.jpg' alt='lending officer salary in singapore 2025' title='lending officer salary in singapore 2025' /></a>
Please note:optisalary.com aggregates salary data for reference use only.
All salary figures on optisalary.com are for reference purposes exclusively. We compile data from various reliable databases, yet cannot ensure complete accuracy. Before making financial decisions, users should consult external authoritative sources. Salaries fluctuate due to various factors, including negotiation skills, industry demand, and experience levels. We deny any liability for misrepresentations in the salary information provided here. Your use with optisalary.com indicates acceptance of this disclaimer.
optisalary.com aggregates salary information for reference purposes exclusively. While we endeavor to present accurate figures, we do not ensure their absolute reliability. Users are highly advised to consult additional databases before making career-related decisions. Salary amounts vary based on several conditions, such as industry trends, negotiation power, and regional demand. We make no claims as to the validity of the listed data. Your use of this site indicates agreement of this disclaimer.