Home > Salary > Singapore > Loan Assistant
A loan assistant is responsible for providing administrative support to loan officers and ensuring smooth operations within a lending institution. They assist in the loan application process by collecting and verifying financial information, preparing loan documents, and coordinating with clients to gather necessary documentation. Loan assistants also maintain loan files, update databases, and track the progress of loan applications. Additionally, they may communicate with customers to answer inquiries, resolve issues, and provide updates on loan status. Strong organizational skills, attention to detail, and knowledge of loan procedures are essential for this role. Loan assistants typically work in banks, credit unions, or other financial institutions.
Estimated Yearly Salary: 87,763 SGD
Estimated Monthly Salary: 7,314 SGD
Estimated Weekly Salary: 1,688 SGD per week
Estimated Hourly Salary: 42 SGD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 7,081 SGD
Estimated Weekly Salary: 1,634 SGD per week
Estimated Hourly Salary: 41 SGD per hour
Last revision of data: 2024-01-08
Estimated Yearly Salary: 44,020 USD
Estimated Monthly Salary: 3,668 USD
Estimated Weekly Salary: 847 USD per week
Estimated Hourly Salary: 21 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: 87,763 SGD
Estimated Monthly Salary: 7,314 SGD
Estimated Weekly Salary: 1,688 SGD per week
Estimated Hourly Salary: 42 SGD per hour
By working as Loan Assistant a person can save up to 980 USD per month or 11,764 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 Loan Assistant
Last revision of data: 2025-01-04
Data as of 2025
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Loan Assistant salary in Singapore
Average Yearly Salary of Loan Assistant in Singapore is approximately 87,763 SGD (44,020 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 Assistant do?
A loan assistant is responsible for providing administrative support to loan officers and ensuring smooth operations within a lending institution. They assist in the loan application process by collecting and verifying financial information, preparing loan documents, and coordinating with clients to gather necessary documentation. Loan assistants also maintain loan files, update databases, and track the progress of loan applications. Additionally, they may communicate with customers to answer inquiries, resolve issues, and provide updates on loan status. Strong organizational skills, attention to detail, and knowledge of loan procedures are essential for this role. Loan assistants typically work in banks, credit unions, or other financial institutions.
Skills: Loan Assistant, Administrative Support, Loan Application, Financial Documentation, Customer Service, Loan Processing.
Job industry: Banking
Job industry: Banking
How much does Loan Assistant make?
Salary details
How much does Loan Assistant make?Estimated Yearly Salary: 87,763 SGD
Estimated Monthly Salary: 7,314 SGD
Estimated Weekly Salary: 1,688 SGD per week
Estimated Hourly Salary: 42 SGD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 84,968 SGDEstimated Monthly Salary: 7,081 SGD
Estimated Weekly Salary: 1,634 SGD per week
Estimated Hourly Salary: 41 SGD per hour
Last revision of data: 2024-01-08Loan Assistant estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 44,020 USD
Estimated Monthly Salary: 3,668 USD
Estimated Weekly Salary: 847 USD per week
Estimated Hourly Salary: 21 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
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 Loan Assistant job salary compared to average salary in Singapore.
Comparison shows that a person working as Loan Assistant in Singapore earns on average:
0.92 times the average salary (or 92% of average salary).
Estimated national average yearly salary is 95,377 SGD (67,200 USD). Value indicated is pre-tax. Below graph shows estimated Loan Assistant job salary compared to average salary in Singapore.
Comparison shows that a person working as Loan Assistant in Singapore earns on average:
0.92 times the average salary (or 92% of average salary).
Is Loan Assistant a well paid job?
Yes, our data show that Loan Assistant 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 Assistant?
High salary for Loan Assistant would be somewhere between 96,539 SGD and 127,256 SGD. However this is an estimation based on Gaussian Distribution.How much can you save working as Loan Assistant 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: 87,763 SGD
Estimated Monthly Salary: 7,314 SGD
Estimated Weekly Salary: 1,688 SGD per week
Estimated Hourly Salary: 42 SGD per hour
By working as Loan Assistant a person can save up to 980 USD per month or 11,764 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 Loan Assistant
Malaysia is 11,650 USD
Indonesia is 6,912 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
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Data as of 2025Random salary:
Assistant buyer (131,527 SGD per year, pre-tax.)
Facilities maintenance engineer (80,572 SGD per year, pre-tax.)
Data mining specialist (96,074 SGD per year, pre-tax.)
Product development engineer automotive (122,199 SGD per year, pre-tax.)
Business consultant (205,359 SGD per year, pre-tax.)
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