Home > Salary > Singapore > 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: 136,563 SGD
Estimated Monthly Salary: 11,380 SGD
Estimated Weekly Salary: 2,626 SGD per week
Estimated Hourly Salary: 66 SGD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 10,987 SGD
Estimated Weekly Salary: 2,536 SGD per week
Estimated Hourly Salary: 63 SGD per hour
Last revision of data: 2024-01-02
Estimated Yearly Salary: 68,022 USD
Estimated Monthly Salary: 5,669 USD
Estimated Weekly Salary: 1,308 USD per week
Estimated Hourly Salary: 33 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: 136,563 SGD
Estimated Monthly Salary: 11,380 SGD
Estimated Weekly Salary: 2,626 SGD per week
Estimated Hourly Salary: 66 SGD per hour
By working as Loan Closer a person can save up to 2,981 USD per month or 35,766 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 Closer
Last revision of data: 2025-01-04
Data as of 2025
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Loan Closer salary in Singapore
Average Yearly Salary of Loan Closer in Singapore is approximately 136,563 SGD (68,022 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: 136,563 SGD
Estimated Monthly Salary: 11,380 SGD
Estimated Weekly Salary: 2,626 SGD per week
Estimated Hourly Salary: 66 SGD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 131,846 SGDEstimated Monthly Salary: 10,987 SGD
Estimated Weekly Salary: 2,536 SGD per week
Estimated Hourly Salary: 63 SGD per hour
Last revision of data: 2024-01-02Loan Closer estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 68,022 USD
Estimated Monthly Salary: 5,669 USD
Estimated Weekly Salary: 1,308 USD per week
Estimated Hourly Salary: 33 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
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 Closer job salary compared to average salary in Singapore.
Comparison shows that a person working as Loan Closer in Singapore earns on average:
1.43 times the average salary (or 143% 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 Closer job salary compared to average salary in Singapore.
Comparison shows that a person working as Loan Closer in Singapore earns on average:
1.43 times the average salary (or 143% of average salary).
Is Loan Closer a well paid job?
Yes, our data shows that Loan Closer 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 Closer?
High salary for Loan Closer would be somewhere between 150,219 SGD and 198,016 SGD. However this is an estimation based on Gaussian Distribution.How much can you save working as Loan Closer 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: 136,563 SGD
Estimated Monthly Salary: 11,380 SGD
Estimated Weekly Salary: 2,626 SGD per week
Estimated Hourly Salary: 66 SGD per hour
By working as Loan Closer a person can save up to 2,981 USD per month or 35,766 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 Closer
Malaysia is 18,076 USD
Indonesia is 10,776 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
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(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.)
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Data as of 2025Random salary:
Sql database analyst (123,036 SGD per year, pre-tax.)
Lab technician iii (96,688 SGD per year, pre-tax.)
Patient account representative (90,828 SGD per year, pre-tax.)
Parking attendant (71,499 SGD per year, pre-tax.)
Valuation analyst (164,076 SGD per year, pre-tax.)
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