Home > Salary > South Africa > Consumer Loan Processor
A consumer loan processor is responsible for reviewing and processing loan applications submitted by individuals seeking personal loans. They gather and verify all necessary documentation, such as income statements, credit reports, and employment records, to evaluate the borrower's creditworthiness. The loan processor ensures that all information provided is accurate and complete, and follows up with applicants to request any missing or additional documentation. They analyze the applicant's financial situation, calculate the loan amount and interest rate, and make recommendations based on their findings. Additionally, consumer loan processors may communicate with borrowers to explain loan terms and conditions, answer questions, and provide guidance throughout the loan application process. Attention to detail, strong analytical skills, and knowledge of lending regulations are essential for success in this role.
Estimated Yearly Salary: 88,830 ZAR
Estimated Monthly Salary: 7,403 ZAR
Estimated Weekly Salary: 1,708 ZAR per week
Estimated Hourly Salary: 43 ZAR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 7,143 ZAR
Estimated Weekly Salary: 1,648 ZAR per week
Estimated Hourly Salary: 41 ZAR per hour
Last revision of data: 2024-01-07
Estimated Yearly Salary: 4,442 USD
Estimated Monthly Salary: 370 USD
Estimated Weekly Salary: 85 USD per week
Estimated Hourly Salary: 2 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: 88,830 ZAR
Estimated Monthly Salary: 7,403 ZAR
Estimated Weekly Salary: 1,708 ZAR per week
Estimated Hourly Salary: 43 ZAR per hour
By working as Consumer Loan Processor a person can save up to 99 USD per month or 1,188 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 South Africa, see costs of living in South Africa.
Estimated Yearly Salary for Consumer Loan Processor
Last revision of data: 2025-01-04
Data as of 2025
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Consumer Loan Processor salary in South Africa
Average Yearly Salary of Consumer Loan Processor in South Africa is approximately 88,830 ZAR (4,442 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 Consumer Loan Processor do?
A consumer loan processor is responsible for reviewing and processing loan applications submitted by individuals seeking personal loans. They gather and verify all necessary documentation, such as income statements, credit reports, and employment records, to evaluate the borrower's creditworthiness. The loan processor ensures that all information provided is accurate and complete, and follows up with applicants to request any missing or additional documentation. They analyze the applicant's financial situation, calculate the loan amount and interest rate, and make recommendations based on their findings. Additionally, consumer loan processors may communicate with borrowers to explain loan terms and conditions, answer questions, and provide guidance throughout the loan application process. Attention to detail, strong analytical skills, and knowledge of lending regulations are essential for success in this role.
Skills: Consumer loan processor, Loan application, Creditworthiness assessment, Documentation verification, Financial analysis, Lending regulations.
Job industry: Finance
Job industry: Finance
How much does Consumer Loan Processor make?
Salary details
How much does Consumer Loan Processor make?Estimated Yearly Salary: 88,830 ZAR
Estimated Monthly Salary: 7,403 ZAR
Estimated Weekly Salary: 1,708 ZAR per week
Estimated Hourly Salary: 43 ZAR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 85,720 ZAREstimated Monthly Salary: 7,143 ZAR
Estimated Weekly Salary: 1,648 ZAR per week
Estimated Hourly Salary: 41 ZAR per hour
Last revision of data: 2024-01-07Consumer Loan Processor estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 4,442 USD
Estimated Monthly Salary: 370 USD
Estimated Weekly Salary: 85 USD per week
Estimated Hourly Salary: 2 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
South Africa is a diverse and vibrant country located at the southernmost tip of the African continent. It has a population of approximately 59 million people and covers an area of around 1.2 million square kilometers. The country is known for its rich cultural heritage, stunning landscapes, and abundant wildlife.
Estimated national average yearly salary is 126,956 ZAR (6,780 USD). Value indicated is pre-tax. Below graph shows estimated Consumer Loan Processor job salary compared to average salary in South Africa.
Comparison shows that a person working as Consumer Loan Processor in South Africa earns on average:
0.7 times the average salary (or 70% of average salary).
Estimated national average yearly salary is 126,956 ZAR (6,780 USD). Value indicated is pre-tax. Below graph shows estimated Consumer Loan Processor job salary compared to average salary in South Africa.
Comparison shows that a person working as Consumer Loan Processor in South Africa earns on average:
0.7 times the average salary (or 70% of average salary).
Is Consumer Loan Processor a well paid job?
No, our data shows that Consumer Loan Processor is typically not a well-paid job. The salary varies based on experience. Meaning that even though Consumer Loan Processor might be a low paying job, with experience the salary might increase to satisfactory levels.What is considered a high salary for Consumer Loan Processor?
High salary for Consumer Loan Processor would be somewhere between 97,713 ZAR and 128,804 ZAR. However this is an estimation based on Gaussian Distribution.How much can you save working as Consumer Loan Processor in South Africa?
Living in South Africa the approximate monthly expenses are: 271 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: 88,830 ZAR
Estimated Monthly Salary: 7,403 ZAR
Estimated Weekly Salary: 1,708 ZAR per week
Estimated Hourly Salary: 43 ZAR per hour
By working as Consumer Loan Processor a person can save up to 99 USD per month or 1,188 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 South Africa, see costs of living in South Africa.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Namibia, Botswana, Zimbabwe, Mozambique, Eswatini, Lesotho. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Consumer Loan Processor
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 South Africa
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Data as of 2025Random salary:
Environmental sustainability team leader (220,220 ZAR per year, pre-tax.)
Warehouse loader (69,460 ZAR per year, pre-tax.)
Computer aided design (cad), operator (105,649 ZAR per year, pre-tax.)
Divisional merchandise manager (314,098 ZAR per year, pre-tax.)
Network analyst 2 (188,626 ZAR per year, pre-tax.)
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