Home > Salary > South Africa > Credit Analyst Banking
A credit analyst in banking is responsible for evaluating the creditworthiness of individuals, businesses, or organizations applying for loans or credit. They analyze financial data, such as income statements, balance sheets, and credit histories, to assess the borrower's ability to repay the loan and determine the level of risk involved. Credit analysts also review loan applications, perform risk assessments, and make recommendations on loan approvals or rejections. They may collaborate with other departments, such as underwriting or risk management, to gather additional information and ensure compliance with lending policies and regulations. Attention to detail, strong analytical skills, and a solid understanding of financial markets and industry trends are essential for success in this role.
Estimated Yearly Salary: 159,274 ZAR
Estimated Monthly Salary: 13,273 ZAR
Estimated Weekly Salary: 3,063 ZAR per week
Estimated Hourly Salary: 77 ZAR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 12,810 ZAR
Estimated Weekly Salary: 2,956 ZAR per week
Estimated Hourly Salary: 74 ZAR per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 7,975 USD
Estimated Monthly Salary: 665 USD
Estimated Weekly Salary: 153 USD per week
Estimated Hourly Salary: 4 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: 159,274 ZAR
Estimated Monthly Salary: 13,273 ZAR
Estimated Weekly Salary: 3,063 ZAR per week
Estimated Hourly Salary: 77 ZAR per hour
By working as Credit Analyst Banking a person can save up to 393 USD per month or 4,721 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 Credit Analyst Banking
Last revision of data: 2025-01-04
Data as of 2025
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Credit Analyst Banking salary in South Africa
Average Yearly Salary of Credit Analyst Banking in South Africa is approximately 159,274 ZAR (7,975 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 Credit Analyst Banking do?
A credit analyst in banking is responsible for evaluating the creditworthiness of individuals, businesses, or organizations applying for loans or credit. They analyze financial data, such as income statements, balance sheets, and credit histories, to assess the borrower's ability to repay the loan and determine the level of risk involved. Credit analysts also review loan applications, perform risk assessments, and make recommendations on loan approvals or rejections. They may collaborate with other departments, such as underwriting or risk management, to gather additional information and ensure compliance with lending policies and regulations. Attention to detail, strong analytical skills, and a solid understanding of financial markets and industry trends are essential for success in this role.
Skills: credit analysis, risk assessment, financial analysis, loan underwriting, creditworthiness evaluation, banking regulations
Job industry: Banking
Job industry: Banking
How much does Credit Analyst Banking make?
Salary details
How much does Credit Analyst Banking make?Estimated Yearly Salary: 159,274 ZAR
Estimated Monthly Salary: 13,273 ZAR
Estimated Weekly Salary: 3,063 ZAR per week
Estimated Hourly Salary: 77 ZAR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 153,720 ZAREstimated Monthly Salary: 12,810 ZAR
Estimated Weekly Salary: 2,956 ZAR per week
Estimated Hourly Salary: 74 ZAR per hour
Last revision of data: 2024-01-03Credit Analyst Banking estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 7,975 USD
Estimated Monthly Salary: 665 USD
Estimated Weekly Salary: 153 USD per week
Estimated Hourly Salary: 4 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
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 Credit Analyst Banking job salary compared to average salary in South Africa.
Comparison shows that a person working as Credit Analyst Banking in South Africa earns on average:
1.25 times the average salary (or 125% of average salary).
Estimated national average yearly salary is 126,956 ZAR (6,780 USD). Value indicated is pre-tax. Below graph shows estimated Credit Analyst Banking job salary compared to average salary in South Africa.
Comparison shows that a person working as Credit Analyst Banking in South Africa earns on average:
1.25 times the average salary (or 125% of average salary).
Is Credit Analyst Banking a well paid job?
Yes, our data shows that Credit Analyst Banking 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 Credit Analyst Banking?
High salary for Credit Analyst Banking would be somewhere between 175,201 ZAR and 230,947 ZAR. However this is an estimation based on Gaussian Distribution.How much can you save working as Credit Analyst Banking 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: 159,274 ZAR
Estimated Monthly Salary: 13,273 ZAR
Estimated Weekly Salary: 3,063 ZAR per week
Estimated Hourly Salary: 77 ZAR per hour
By working as Credit Analyst Banking a person can save up to 393 USD per month or 4,721 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 Credit Analyst Banking
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:
Chief privacy officer (360,550 ZAR per year, pre-tax.)
Sql administrator (187,720 ZAR per year, pre-tax.)
Casting finisher (83,964 ZAR per year, pre-tax.)
Security supervisor (73,627 ZAR per year, pre-tax.)
Order filler (85,720 ZAR per year, pre-tax.)
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