Home > Salary > South Africa > Loan Officer Commercial
A loan officer in the commercial sector is responsible for evaluating, approving, and managing loans for businesses and organizations. They work closely with clients to understand their financial needs and objectives, analyze creditworthiness, and assess the risk involved in lending money. Loan officers review applications, financial statements, and credit reports to determine loan eligibility and terms. They also negotiate loan terms and conditions, ensuring compliance with regulations and company policies. Additionally, they maintain relationships with existing clients, provide advice on financial matters, and monitor loan portfolios for potential risks or opportunities. This occupation requires strong analytical skills, attention to detail, and excellent communication and customer service abilities.
Estimated Yearly Salary: 204,138 ZAR
Estimated Monthly Salary: 17,012 ZAR
Estimated Weekly Salary: 3,926 ZAR per week
Estimated Hourly Salary: 98 ZAR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 16,382 ZAR
Estimated Weekly Salary: 3,780 ZAR per week
Estimated Hourly Salary: 95 ZAR per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 10,186 USD
Estimated Monthly Salary: 849 USD
Estimated Weekly Salary: 196 USD per week
Estimated Hourly Salary: 5 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: 204,138 ZAR
Estimated Monthly Salary: 17,012 ZAR
Estimated Weekly Salary: 3,926 ZAR per week
Estimated Hourly Salary: 98 ZAR per hour
By working as Loan Officer Commercial a person can save up to 578 USD per month or 6,932 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 Loan Officer Commercial
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Instructional writer (120,608 ZAR per year, pre-tax.)
Taproom manager (91,647 ZAR per year, pre-tax.)
Sql database administrator (214,915 ZAR per year, pre-tax.)
Senior computer scientist (413,835 ZAR per year, pre-tax.)
Coal mine worker continuous-machine operator (129,502 ZAR per year, pre-tax.)
Loan Officer Commercial salary in South Africa
Average Yearly Salary of Loan Officer Commercial in South Africa is approximately 204,138 ZAR (10,186 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 Officer Commercial do?
A loan officer in the commercial sector is responsible for evaluating, approving, and managing loans for businesses and organizations. They work closely with clients to understand their financial needs and objectives, analyze creditworthiness, and assess the risk involved in lending money. Loan officers review applications, financial statements, and credit reports to determine loan eligibility and terms. They also negotiate loan terms and conditions, ensuring compliance with regulations and company policies. Additionally, they maintain relationships with existing clients, provide advice on financial matters, and monitor loan portfolios for potential risks or opportunities. This occupation requires strong analytical skills, attention to detail, and excellent communication and customer service abilities.
Skills: loan officer, commercial lending, financial analysis, credit evaluation, loan management, risk assessment
Job industry: Banking
Job industry: Banking
How much does Loan Officer Commercial make?
Salary details
How much does Loan Officer Commercial make?Estimated Yearly Salary: 204,138 ZAR
Estimated Monthly Salary: 17,012 ZAR
Estimated Weekly Salary: 3,926 ZAR per week
Estimated Hourly Salary: 98 ZAR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 196,580 ZAREstimated Monthly Salary: 16,382 ZAR
Estimated Weekly Salary: 3,780 ZAR per week
Estimated Hourly Salary: 95 ZAR per hour
Last revision of data: 2024-01-03Loan Officer Commercial estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 10,186 USD
Estimated Monthly Salary: 849 USD
Estimated Weekly Salary: 196 USD per week
Estimated Hourly Salary: 5 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
Please type in your occupation and select desired country to see latest trends in salaries.
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 Loan Officer Commercial job salary compared to average salary in South Africa.
Comparison shows that a person working as Loan Officer Commercial in South Africa earns on average:
1.61 times the average salary (or 161% of average salary).
Estimated national average yearly salary is 126,956 ZAR (6,780 USD). Value indicated is pre-tax. Below graph shows estimated Loan Officer Commercial job salary compared to average salary in South Africa.
Comparison shows that a person working as Loan Officer Commercial in South Africa earns on average:
1.61 times the average salary (or 161% of average salary).
Is Loan Officer Commercial a well paid job?
Yes, our data shows that Loan Officer Commercial 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 Loan Officer Commercial?
High salary for Loan Officer Commercial would be somewhere between 224,552 ZAR and 296,000 ZAR. However this is an estimation based on Gaussian Distribution.How much can you save working as Loan Officer Commercial 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: 204,138 ZAR
Estimated Monthly Salary: 17,012 ZAR
Estimated Weekly Salary: 3,926 ZAR per week
Estimated Hourly Salary: 98 ZAR per hour
By working as Loan Officer Commercial a person can save up to 578 USD per month or 6,932 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 Loan Officer Commercial
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
(1,412,867 ZAR per year, pre-tax.)
2. Cardiologist
(1,176,011 ZAR per year, pre-tax.)
(1,138,908 ZAR per year, pre-tax.)
(1,102,268 ZAR per year, pre-tax.)
5. Neurosurgeon
(1,100,784 ZAR per year, pre-tax.)
(1,077,960 ZAR per year, pre-tax.)
(1,073,792 ZAR per year, pre-tax.)
(1,073,439 ZAR per year, pre-tax.)
9. Oncologist
(1,071,922 ZAR per year, pre-tax.)
10. Urologist
(1,071,632 ZAR per year, pre-tax.)
Data as of 2025Random salary:
Instructional writer (120,608 ZAR per year, pre-tax.)
Taproom manager (91,647 ZAR per year, pre-tax.)
Sql database administrator (214,915 ZAR per year, pre-tax.)
Senior computer scientist (413,835 ZAR per year, pre-tax.)
Coal mine worker continuous-machine operator (129,502 ZAR per year, pre-tax.)
Feedback about these results
Please provide feedback by clicking buttons below if you find any of our salaries erroneous.
Link to this graph - use the following code to display the salary graph on your page:
<a href='https://optisalary.com/salary?country=south-africa&job=loan-officer-commercial'><img src='https://optisalary.com/wp-content/graphs/salary/loan-officer-commercial-salary-in-south-africa-2025.jpg' alt='loan officer commercial salary in south africa 2025' title='loan officer commercial salary in south africa 2025' /></a>
Please note:The salary data presented here are meant for reference purposes solely.
optisalary.com aggregates salary information for reference purposes exclusively. While we endeavor to deliver correct figures, we cannot ensure their full precision. Users are highly encouraged to check with additional databases before finalizing career-related plans. Salary amounts fluctuate based on several conditions, such as industry trends, negotiation power, and regional demand. We make no guarantees as to the validity of the provided information. Your access of this site indicates acceptance of this disclaimer.
All salary figures on optisalary.com are for reference purposes only. We compile data from numerous trusted sources, yet cannot guarantee complete accuracy. Before making career decisions, users should cross-check with additional authoritative sources. Salaries fluctuate due to several factors, including negotiation skills, industry demand, and experience levels. We deny any responsibility for misrepresentations in the salary information provided here. Your use with optisalary.com indicates acceptance of this policy.