Home > Salary > South Africa > Loan Processor Clerk
A loan processor clerk is responsible for supporting the loan processing team in a financial institution or mortgage company. Their main duties include reviewing loan applications, verifying applicant information, and ensuring all required documents are complete and accurate. They play a crucial role in the loan approval process by organizing and maintaining loan files, preparing loan documents, and submitting loan packages to underwriters for review. Loan processor clerks also communicate with borrowers, lenders, and other parties involved to obtain missing information or resolve any discrepancies. Attention to detail, strong organizational skills, and knowledge of loan processing procedures and regulations are essential for this role.
Estimated Yearly Salary: 88,717 ZAR
Estimated Monthly Salary: 7,393 ZAR
Estimated Weekly Salary: 1,706 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: 4,429 USD
Estimated Monthly Salary: 369 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
3 %
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: 88,717 ZAR
Estimated Monthly Salary: 7,393 ZAR
Estimated Weekly Salary: 1,706 ZAR per week
Estimated Hourly Salary: 43 ZAR per hour
By working as Loan Processor Clerk a person can save up to 98 USD per month or 1,175 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 Processor Clerk
Last revision of data: 2025-01-04
Data as of 2025
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Loan Processor Clerk salary in South Africa
Average Yearly Salary of Loan Processor Clerk in South Africa is approximately 88,717 ZAR (4,429 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 Processor Clerk do?
A loan processor clerk is responsible for supporting the loan processing team in a financial institution or mortgage company. Their main duties include reviewing loan applications, verifying applicant information, and ensuring all required documents are complete and accurate. They play a crucial role in the loan approval process by organizing and maintaining loan files, preparing loan documents, and submitting loan packages to underwriters for review. Loan processor clerks also communicate with borrowers, lenders, and other parties involved to obtain missing information or resolve any discrepancies. Attention to detail, strong organizational skills, and knowledge of loan processing procedures and regulations are essential for this role.
Skills: loan processor, loan clerk, loan processing, financial institution, mortgage company, loan approval process.
Job industry: Finance
Job industry: Finance
How much does Loan Processor Clerk make?
Salary details
How much does Loan Processor Clerk make?Estimated Yearly Salary: 88,717 ZAR
Estimated Monthly Salary: 7,393 ZAR
Estimated Weekly Salary: 1,706 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: 2024-01-07Loan Processor Clerk estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 4,429 USD
Estimated Monthly Salary: 369 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
3 %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
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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 Loan Processor Clerk job salary compared to average salary in South Africa.
Comparison shows that a person working as Loan Processor Clerk 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 Loan Processor Clerk job salary compared to average salary in South Africa.
Comparison shows that a person working as Loan Processor Clerk in South Africa earns on average:
0.7 times the average salary (or 70% of average salary).
Is Loan Processor Clerk a well paid job?
No, our data shows that Loan Processor Clerk is typically not a well-paid job. The salary varies based on experience. Meaning that even though Loan Processor Clerk might be a low paying job, with experience the salary might increase to satisfactory levels.What is considered a high salary for Loan Processor Clerk?
High salary for Loan Processor Clerk would be somewhere between 97,589 ZAR and 128,640 ZAR. However this is an estimation based on Gaussian Distribution.How much can you save working as Loan Processor Clerk 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: 88,717 ZAR
Estimated Monthly Salary: 7,393 ZAR
Estimated Weekly Salary: 1,706 ZAR per week
Estimated Hourly Salary: 43 ZAR per hour
By working as Loan Processor Clerk a person can save up to 98 USD per month or 1,175 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 Processor Clerk
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:
Car stereo installer (81,300 ZAR per year, pre-tax.)
Immunologist (267,949 ZAR per year, pre-tax.)
Associate professor of law (241,817 ZAR per year, pre-tax.)
First-line supervisor manager of fire fighting and prevention workers (141,193 ZAR per year, pre-tax.)
Evening anchor (153,620 ZAR per year, pre-tax.)
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