Home > Salary > South Africa > Loan Officer Consumer
A loan officer consumer is responsible for assisting individuals in obtaining loans for personal use. They work in financial institutions such as banks, credit unions, or mortgage companies. Their primary role is to evaluate loan applications, review credit histories, and assess the financial situation of potential borrowers. Loan officers consumer are knowledgeable about different types of loans, including personal loans, auto loans, and home equity loans. They guide applicants through the loan application process, explaining terms, conditions, and repayment options. Additionally, they may provide advice on improving credit scores and managing debt. Strong communication and customer service skills are essential for building relationships with clients and ensuring a smooth loan approval process. Accuracy and attention to detail are crucial in assessing risks and determining loan eligibility.
Estimated Yearly Salary: 105,950 ZAR
Estimated Monthly Salary: 8,829 ZAR
Estimated Weekly Salary: 2,038 ZAR per week
Estimated Hourly Salary: 51 ZAR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 8,498 ZAR
Estimated Weekly Salary: 1,961 ZAR per week
Estimated Hourly Salary: 49 ZAR per hour
Last revision of data: 2024-01-07
Estimated Yearly Salary: 5,289 USD
Estimated Monthly Salary: 441 USD
Estimated Weekly Salary: 102 USD per week
Estimated Hourly Salary: 3 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: 105,950 ZAR
Estimated Monthly Salary: 8,829 ZAR
Estimated Weekly Salary: 2,038 ZAR per week
Estimated Hourly Salary: 51 ZAR per hour
By working as Loan Officer Consumer a person can save up to 170 USD per month or 2,035 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 Consumer
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Lab coordinator (122,177 ZAR per year, pre-tax.)
Photographic plate maker (91,640 ZAR per year, pre-tax.)
Structural drafter (116,461 ZAR per year, pre-tax.)
Brush painter (101,980 ZAR per year, pre-tax.)
Technical support engineer semiconductor equipment (110,459 ZAR per year, pre-tax.)
Loan Officer Consumer salary in South Africa
Average Yearly Salary of Loan Officer Consumer in South Africa is approximately 105,950 ZAR (5,289 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 Consumer do?
A loan officer consumer is responsible for assisting individuals in obtaining loans for personal use. They work in financial institutions such as banks, credit unions, or mortgage companies. Their primary role is to evaluate loan applications, review credit histories, and assess the financial situation of potential borrowers. Loan officers consumer are knowledgeable about different types of loans, including personal loans, auto loans, and home equity loans. They guide applicants through the loan application process, explaining terms, conditions, and repayment options. Additionally, they may provide advice on improving credit scores and managing debt. Strong communication and customer service skills are essential for building relationships with clients and ensuring a smooth loan approval process. Accuracy and attention to detail are crucial in assessing risks and determining loan eligibility.
Skills: loan officer, consumer loans, financial institutions, credit history, loan application, customer service
Job industry: Finance
Job industry: Finance
How much does Loan Officer Consumer make?
Salary details
How much does Loan Officer Consumer make?Estimated Yearly Salary: 105,950 ZAR
Estimated Monthly Salary: 8,829 ZAR
Estimated Weekly Salary: 2,038 ZAR per week
Estimated Hourly Salary: 51 ZAR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 101,980 ZAREstimated Monthly Salary: 8,498 ZAR
Estimated Weekly Salary: 1,961 ZAR per week
Estimated Hourly Salary: 49 ZAR per hour
Last revision of data: 2024-01-07Loan Officer Consumer estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 5,289 USD
Estimated Monthly Salary: 441 USD
Estimated Weekly Salary: 102 USD per week
Estimated Hourly Salary: 3 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 Consumer job salary compared to average salary in South Africa.
Comparison shows that a person working as Loan Officer Consumer in South Africa earns on average:
0.83 times the average salary (or 83% 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 Consumer job salary compared to average salary in South Africa.
Comparison shows that a person working as Loan Officer Consumer in South Africa earns on average:
0.83 times the average salary (or 83% of average salary).
Is Loan Officer Consumer a well paid job?
Yes, our data show that Loan Officer Consumer 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 Loan Officer Consumer?
High salary for Loan Officer Consumer would be somewhere between 116,545 ZAR and 153,628 ZAR. However this is an estimation based on Gaussian Distribution.How much can you save working as Loan Officer Consumer 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: 105,950 ZAR
Estimated Monthly Salary: 8,829 ZAR
Estimated Weekly Salary: 2,038 ZAR per week
Estimated Hourly Salary: 51 ZAR per hour
By working as Loan Officer Consumer a person can save up to 170 USD per month or 2,035 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 Consumer
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:
Lab coordinator (122,177 ZAR per year, pre-tax.)
Photographic plate maker (91,640 ZAR per year, pre-tax.)
Structural drafter (116,461 ZAR per year, pre-tax.)
Brush painter (101,980 ZAR per year, pre-tax.)
Technical support engineer semiconductor equipment (110,459 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-consumer'><img src='https://optisalary.com/wp-content/graphs/salary/loan-officer-consumer-salary-in-south-africa-2025.jpg' alt='loan officer consumer salary in south africa 2025' title='loan officer consumer salary in south africa 2025' /></a>
Please note:The salary figures on this website are meant for informational purposes exclusively.
This website presents salary insights for informational purposes exclusively. While we gather data from various providers, we cannot ensure full reliability. Users are encouraged to review external organizations before making major financial decisions. Salaries fluctuate due to numerous factors, such as experience, industry trends, and negotiation tactics. We make no guarantee regarding the validity of the displayed salary figures. Your use of this site confirms your understanding of these terms.
This website offers salary insights for informational purposes exclusively. While we collect data from various sources, we cannot ensure absolute reliability. Users are encouraged to consult external platforms before making major financial moves. Salaries shift due to numerous elements, such as market demand, employer policies, and geographic location. We cannot provide guarantee regarding the validity of the displayed salary data. Your continued access of this site indicates your understanding of these terms.