Home > Salary > Singapore > Senior Loan Officer
A senior loan officer is responsible for managing the loan application process and ensuring the successful completion of loan transactions. They evaluate loan applications, review financial documents, and assess creditworthiness of borrowers. Senior loan officers also negotiate loan terms and conditions, including interest rates and repayment schedules, with clients. They provide guidance and advice to clients regarding various loan options and help them choose the most suitable one based on their financial goals and circumstances. Additionally, senior loan officers build and maintain relationships with clients, real estate agents, and other professionals in the industry to generate leads and expand their client base. They stay updated with market trends, lending regulations, and loan products to provide accurate information and excellent customer service.
Estimated Yearly Salary: 165,308 SGD
Estimated Monthly Salary: 13,776 SGD
Estimated Weekly Salary: 3,179 SGD per week
Estimated Hourly Salary: 79 SGD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 13,307 SGD
Estimated Weekly Salary: 3,071 SGD per week
Estimated Hourly Salary: 77 SGD per hour
Last revision of data: 2024-01-05
Estimated Yearly Salary: 82,456 USD
Estimated Monthly Salary: 6,871 USD
Estimated Weekly Salary: 1,586 USD per week
Estimated Hourly Salary: 40 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: 165,308 SGD
Estimated Monthly Salary: 13,776 SGD
Estimated Weekly Salary: 3,179 SGD per week
Estimated Hourly Salary: 79 SGD per hour
By working as Senior Loan Officer a person can save up to 4,183 USD per month or 50,200 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 Senior Loan Officer
Last revision of data: 2025-01-04
Data as of 2025
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Senior Loan Officer salary in Singapore
Average Yearly Salary of Senior Loan Officer in Singapore is approximately 165,308 SGD (82,456 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 Senior Loan Officer do?
A senior loan officer is responsible for managing the loan application process and ensuring the successful completion of loan transactions. They evaluate loan applications, review financial documents, and assess creditworthiness of borrowers. Senior loan officers also negotiate loan terms and conditions, including interest rates and repayment schedules, with clients. They provide guidance and advice to clients regarding various loan options and help them choose the most suitable one based on their financial goals and circumstances. Additionally, senior loan officers build and maintain relationships with clients, real estate agents, and other professionals in the industry to generate leads and expand their client base. They stay updated with market trends, lending regulations, and loan products to provide accurate information and excellent customer service.
Skills: senior loan officer, loan application, credit evaluation, loan negotiation, financial guidance, client relationship management
Job industry: Finance
Job industry: Finance
How much does Senior Loan Officer make?
Salary details
How much does Senior Loan Officer make?Estimated Yearly Salary: 165,308 SGD
Estimated Monthly Salary: 13,776 SGD
Estimated Weekly Salary: 3,179 SGD per week
Estimated Hourly Salary: 79 SGD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 159,680 SGDEstimated Monthly Salary: 13,307 SGD
Estimated Weekly Salary: 3,071 SGD per week
Estimated Hourly Salary: 77 SGD per hour
Last revision of data: 2024-01-05Senior Loan Officer estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 82,456 USD
Estimated Monthly Salary: 6,871 USD
Estimated Weekly Salary: 1,586 USD per week
Estimated Hourly Salary: 40 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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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 Senior Loan Officer job salary compared to average salary in Singapore.
Comparison shows that a person working as Senior Loan Officer in Singapore earns on average:
1.73 times the average salary (or 173% of average salary).
Estimated national average yearly salary is 95,377 SGD (67,200 USD). Value indicated is pre-tax. Below graph shows estimated Senior Loan Officer job salary compared to average salary in Singapore.
Comparison shows that a person working as Senior Loan Officer in Singapore earns on average:
1.73 times the average salary (or 173% of average salary).
Is Senior Loan Officer a well paid job?
Yes, our data shows that Senior Loan 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 Senior Loan Officer?
High salary for Senior Loan Officer would be somewhere between 181,839 SGD and 239,697 SGD. However this is an estimation based on Gaussian Distribution.How much can you save working as Senior Loan 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: 165,308 SGD
Estimated Monthly Salary: 13,776 SGD
Estimated Weekly Salary: 3,179 SGD per week
Estimated Hourly Salary: 79 SGD per hour
By working as Senior Loan Officer a person can save up to 4,183 USD per month or 50,200 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 Senior Loan Officer
Malaysia is 21,879 USD
Indonesia is 12,998 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.)
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7. Oncologist
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Data as of 2025Random salary:
Funeral director (82,978 SGD per year, pre-tax.)
Cardiac catheterization laboratory director (285,668 SGD per year, pre-tax.)
Fabric and apparel patternmaker (199,843 SGD per year, pre-tax.)
Copilot commercial jet (90,174 SGD per year, pre-tax.)
Bank credit analyst (110,637 SGD per year, pre-tax.)
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