Home > Salary > Singapore > Loan Processor
A loan processor is responsible for reviewing and verifying loan applications and supporting documents, ensuring that all necessary information is complete and accurate. They work closely with borrowers, lenders, and underwriters to gather required documentation, such as income statements, credit reports, and property appraisals. Loan processors evaluate applicants' financial status and creditworthiness, ensuring that they meet the lender's criteria for loan approval. They also calculate debt-to-income ratios and review loan terms and conditions to ensure compliance with regulations.
Estimated Yearly Salary: 94,066 SGD
Estimated Monthly Salary: 7,839 SGD
Estimated Weekly Salary: 1,809 SGD per week
Estimated Hourly Salary: 45 SGD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 7,569 SGD
Estimated Weekly Salary: 1,747 SGD per week
Estimated Hourly Salary: 44 SGD per hour
Last revision of data: 2024-01-09
Estimated Yearly Salary: 47,102 USD
Estimated Monthly Salary: 3,925 USD
Estimated Weekly Salary: 906 USD per week
Estimated Hourly Salary: 23 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: 94,066 SGD
Estimated Monthly Salary: 7,839 SGD
Estimated Weekly Salary: 1,809 SGD per week
Estimated Hourly Salary: 45 SGD per hour
By working as Loan Processor a person can save up to 1,237 USD per month or 14,846 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 Processor
Last revision of data: 2025-01-04
Data as of 2025
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Loan Processor salary in Singapore
Average Yearly Salary of Loan Processor in Singapore is approximately 94,066 SGD (47,102 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 Processor do?
A loan processor is responsible for reviewing and verifying loan applications and supporting documents, ensuring that all necessary information is complete and accurate. They work closely with borrowers, lenders, and underwriters to gather required documentation, such as income statements, credit reports, and property appraisals. Loan processors evaluate applicants' financial status and creditworthiness, ensuring that they meet the lender's criteria for loan approval. They also calculate debt-to-income ratios and review loan terms and conditions to ensure compliance with regulations.
Skills: loan processing, financial services, mortgage industry, loan documentation, credit analysis, customer service
Job industry: Finance
Job industry: Finance
How much does Loan Processor make?
Salary details
How much does Loan Processor make?Estimated Yearly Salary: 94,066 SGD
Estimated Monthly Salary: 7,839 SGD
Estimated Weekly Salary: 1,809 SGD per week
Estimated Hourly Salary: 45 SGD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 90,828 SGDEstimated Monthly Salary: 7,569 SGD
Estimated Weekly Salary: 1,747 SGD per week
Estimated Hourly Salary: 44 SGD per hour
Last revision of data: 2024-01-09Loan Processor estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 47,102 USD
Estimated Monthly Salary: 3,925 USD
Estimated Weekly Salary: 906 USD per week
Estimated Hourly Salary: 23 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 Processor job salary compared to average salary in Singapore.
Comparison shows that a person working as Loan Processor in Singapore earns on average:
0.99 times the average salary (or 99% 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 Processor job salary compared to average salary in Singapore.
Comparison shows that a person working as Loan Processor in Singapore earns on average:
0.99 times the average salary (or 99% of average salary).
Is Loan Processor a well paid job?
Yes, our data show that Loan Processor 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 Processor?
High salary for Loan Processor would be somewhere between 103,473 SGD and 136,396 SGD. However this is an estimation based on Gaussian Distribution.How much can you save working as Loan Processor 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: 94,066 SGD
Estimated Monthly Salary: 7,839 SGD
Estimated Weekly Salary: 1,809 SGD per week
Estimated Hourly Salary: 45 SGD per hour
By working as Loan Processor a person can save up to 1,237 USD per month or 14,846 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 Processor
Malaysia is 12,459 USD
Indonesia is 7,409 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.)
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Data as of 2025Random salary:
Maintenance carpenter (121,041 SGD per year, pre-tax.)
Certified respiratory therapist (crt) (127,452 SGD per year, pre-tax.)
Fund accounting supervisor (179,449 SGD per year, pre-tax.)
Secondary market manager (199,698 SGD per year, pre-tax.)
Coordinator accounting (92,516 SGD per year, pre-tax.)
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