Home > Salary > Singapore > Residential Loan Processor
A residential loan processor is responsible for facilitating the loan application process for individuals seeking to purchase or refinance a residential property. They work closely with loan officers, borrowers, and underwriters to ensure that all necessary documentation is collected and processed accurately and efficiently. Their primary duties include reviewing loan applications, verifying borrower information, ordering appraisals and title reports, preparing loan files, and coordinating with various parties involved in the loan process. Additionally, they may assist in resolving any issues or discrepancies that arise during the loan approval process.
Estimated Yearly Salary: 88,240 SGD
Estimated Monthly Salary: 7,353 SGD
Estimated Weekly Salary: 1,697 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: 2024-01-03
Estimated Yearly Salary: 43,899 USD
Estimated Monthly Salary: 3,658 USD
Estimated Weekly Salary: 844 USD per week
Estimated Hourly Salary: 21 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: 88,240 SGD
Estimated Monthly Salary: 7,353 SGD
Estimated Weekly Salary: 1,697 SGD per week
Estimated Hourly Salary: 42 SGD per hour
By working as Residential Loan Processor a person can save up to 970 USD per month or 11,643 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 Residential Loan Processor
Last revision of data: 2025-01-04
Data as of 2025
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Residential Loan Processor salary in Singapore
Average Yearly Salary of Residential Loan Processor in Singapore is approximately 88,240 SGD (43,899 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 Residential Loan Processor do?
A residential loan processor is responsible for facilitating the loan application process for individuals seeking to purchase or refinance a residential property. They work closely with loan officers, borrowers, and underwriters to ensure that all necessary documentation is collected and processed accurately and efficiently. Their primary duties include reviewing loan applications, verifying borrower information, ordering appraisals and title reports, preparing loan files, and coordinating with various parties involved in the loan process. Additionally, they may assist in resolving any issues or discrepancies that arise during the loan approval process.
Skills: residential loan processor, mortgage processing, loan application, loan documentation, loan coordination, loan approval
Job industry: Finance
Job industry: Finance
How much does Residential Loan Processor make?
Salary details
How much does Residential Loan Processor make?Estimated Yearly Salary: 88,240 SGD
Estimated Monthly Salary: 7,353 SGD
Estimated Weekly Salary: 1,697 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: 2024-01-03Residential Loan Processor estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 43,899 USD
Estimated Monthly Salary: 3,658 USD
Estimated Weekly Salary: 844 USD per week
Estimated Hourly Salary: 21 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
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 Residential Loan Processor job salary compared to average salary in Singapore.
Comparison shows that a person working as Residential Loan Processor in Singapore earns on average:
0.93 times the average salary (or 93% of average salary).
Estimated national average yearly salary is 95,377 SGD (67,200 USD). Value indicated is pre-tax. Below graph shows estimated Residential Loan Processor job salary compared to average salary in Singapore.
Comparison shows that a person working as Residential Loan Processor in Singapore earns on average:
0.93 times the average salary (or 93% of average salary).
Is Residential Loan Processor a well paid job?
Yes, our data show that Residential 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 Residential Loan Processor?
High salary for Residential Loan Processor would be somewhere between 97,064 SGD and 127,948 SGD. However this is an estimation based on Gaussian Distribution.How much can you save working as Residential 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: 88,240 SGD
Estimated Monthly Salary: 7,353 SGD
Estimated Weekly Salary: 1,697 SGD per week
Estimated Hourly Salary: 42 SGD per hour
By working as Residential Loan Processor a person can save up to 970 USD per month or 11,643 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 Residential Loan Processor
Malaysia is 11,613 USD
Indonesia is 6,901 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.)
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Data as of 2025Random salary:
Cannabis cultivator (80,572 SGD per year, pre-tax.)
Veterinary technician specialist (vts) (64,049 SGD per year, pre-tax.)
University archivist (124,522 SGD per year, pre-tax.)
Facilities protection supervisor (48,880 SGD per year, pre-tax.)
Desktop publisher (142,914 SGD per year, pre-tax.)
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