Home > Salary > South Africa > Senior Loan Servicing Representative
A senior loan servicing representative is responsible for managing and overseeing the loan servicing process within a financial institution. They handle a variety of tasks, including reviewing loan documents, ensuring compliance with regulations, processing payments, and resolving customer inquiries or concerns. They also coordinate with other departments, such as underwriting and collections, to ensure smooth loan servicing operations.
This role requires excellent communication skills, attention to detail, and a strong understanding of loan products and processes. The senior loan servicing representative must be able to analyze complex loan data, interpret policies and guidelines, and make informed decisions. They should also possess problem-solving abilities to address any issues that may arise during the loan servicing process.
Estimated Yearly Salary: 164,830 ZAR
Estimated Monthly Salary: 13,736 ZAR
Estimated Weekly Salary: 3,170 ZAR per week
Estimated Hourly Salary: 79 ZAR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 13,302 ZAR
Estimated Weekly Salary: 3,070 ZAR per week
Estimated Hourly Salary: 77 ZAR per hour
Last revision of data: 2024-01-09
Estimated Yearly Salary: 8,245 USD
Estimated Monthly Salary: 687 USD
Estimated Weekly Salary: 159 USD per week
Estimated Hourly Salary: 4 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: 164,830 ZAR
Estimated Monthly Salary: 13,736 ZAR
Estimated Weekly Salary: 3,170 ZAR per week
Estimated Hourly Salary: 79 ZAR per hour
By working as Senior Loan Servicing Representative a person can save up to 416 USD per month or 4,991 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 Senior Loan Servicing Representative
Last revision of data: 2025-01-04
Data as of 2025
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Senior Loan Servicing Representative salary in South Africa
Average Yearly Salary of Senior Loan Servicing Representative in South Africa is approximately 164,830 ZAR (8,245 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 Senior Loan Servicing Representative do?
A senior loan servicing representative is responsible for managing and overseeing the loan servicing process within a financial institution. They handle a variety of tasks, including reviewing loan documents, ensuring compliance with regulations, processing payments, and resolving customer inquiries or concerns. They also coordinate with other departments, such as underwriting and collections, to ensure smooth loan servicing operations.
This role requires excellent communication skills, attention to detail, and a strong understanding of loan products and processes. The senior loan servicing representative must be able to analyze complex loan data, interpret policies and guidelines, and make informed decisions. They should also possess problem-solving abilities to address any issues that may arise during the loan servicing process.
Skills: senior loan servicing representative, loan management, loan servicing, financial institution, customer service, compliance.
Job industry: Finance
Job industry: Finance
How much does Senior Loan Servicing Representative make?
Salary details
How much does Senior Loan Servicing Representative make?Estimated Yearly Salary: 164,830 ZAR
Estimated Monthly Salary: 13,736 ZAR
Estimated Weekly Salary: 3,170 ZAR per week
Estimated Hourly Salary: 79 ZAR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 159,620 ZAREstimated Monthly Salary: 13,302 ZAR
Estimated Weekly Salary: 3,070 ZAR per week
Estimated Hourly Salary: 77 ZAR per hour
Last revision of data: 2024-01-09Senior Loan Servicing Representative estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 8,245 USD
Estimated Monthly Salary: 687 USD
Estimated Weekly Salary: 159 USD per week
Estimated Hourly Salary: 4 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
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 Senior Loan Servicing Representative job salary compared to average salary in South Africa.
Comparison shows that a person working as Senior Loan Servicing Representative in South Africa earns on average:
1.3 times the average salary (or 130% of average salary).
Estimated national average yearly salary is 126,956 ZAR (6,780 USD). Value indicated is pre-tax. Below graph shows estimated Senior Loan Servicing Representative job salary compared to average salary in South Africa.
Comparison shows that a person working as Senior Loan Servicing Representative in South Africa earns on average:
1.3 times the average salary (or 130% of average salary).
Is Senior Loan Servicing Representative a well paid job?
Yes, our data shows that Senior Loan Servicing Representative 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 Senior Loan Servicing Representative?
High salary for Senior Loan Servicing Representative would be somewhere between 181,313 ZAR and 239,004 ZAR. However this is an estimation based on Gaussian Distribution.How much can you save working as Senior Loan Servicing Representative 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: 164,830 ZAR
Estimated Monthly Salary: 13,736 ZAR
Estimated Weekly Salary: 3,170 ZAR per week
Estimated Hourly Salary: 79 ZAR per hour
By working as Senior Loan Servicing Representative a person can save up to 416 USD per month or 4,991 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 Senior Loan Servicing Representative
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:
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