Home > Salary > Uganda > Loan Officer
A loan officer is responsible for evaluating, approving, and managing loan applications. They work in banks, credit unions, or other financial institutions. Their primary role is to assess the creditworthiness of applicants, analyze financial information, and determine the risk associated with granting a loan. Loan officers also guide applicants through the loan process, explaining terms and conditions, and ensuring compliance with lending regulations. They must possess strong communication and interpersonal skills to build relationships with clients and provide exceptional customer service. Additionally, loan officers monitor loan portfolios, review payment schedules, and address any issues or concerns that may arise during the loan term.
Estimated Yearly Salary: 4,750,675 UGX
Estimated Monthly Salary: 395,890 UGX
Estimated Weekly Salary: 91,359 UGX per week
Estimated Hourly Salary: 2,284 UGX per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 381,974 UGX
Estimated Weekly Salary: 88,148 UGX per week
Estimated Hourly Salary: 2,204 UGX per hour
Last revision of data: 2024-01-02
Estimated Yearly Salary: 1,211 USD
Estimated Monthly Salary: 101 USD
Estimated Weekly Salary: 23 USD per week
Estimated Hourly Salary: 1 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: 4,750,675 UGX
Estimated Monthly Salary: 395,890 UGX
Estimated Weekly Salary: 91,359 UGX per week
Estimated Hourly Salary: 2,284 UGX per hour
By working as Loan Officer a person can save up to 51 USD per month or 611 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 Uganda, see costs of living in Uganda.
Estimated Yearly Salary for Loan Officer
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Natural resource technician (3,193,080 UGX per year, pre-tax.)
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Informationreferral specialist (2,298,509 UGX per year, pre-tax.)
Painter supervisor (2,732,848 UGX per year, pre-tax.)
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Loan Officer salary in Uganda
Average Yearly Salary of Loan Officer in Uganda is approximately 4,750,675 UGX (1,211 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 do?
A loan officer is responsible for evaluating, approving, and managing loan applications. They work in banks, credit unions, or other financial institutions. Their primary role is to assess the creditworthiness of applicants, analyze financial information, and determine the risk associated with granting a loan. Loan officers also guide applicants through the loan process, explaining terms and conditions, and ensuring compliance with lending regulations. They must possess strong communication and interpersonal skills to build relationships with clients and provide exceptional customer service. Additionally, loan officers monitor loan portfolios, review payment schedules, and address any issues or concerns that may arise during the loan term.
Skills: Loan officer, Credit analysis, Financial services, Customer service, Loan processing, Risk assessment
Job industry: Banking
Job industry: Banking
How much does Loan Officer make?
Salary details
How much does Loan Officer make?Estimated Yearly Salary: 4,750,675 UGX
Estimated Monthly Salary: 395,890 UGX
Estimated Weekly Salary: 91,359 UGX per week
Estimated Hourly Salary: 2,284 UGX per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 4,583,692 UGXEstimated Monthly Salary: 381,974 UGX
Estimated Weekly Salary: 88,148 UGX per week
Estimated Hourly Salary: 2,204 UGX per hour
Last revision of data: 2024-01-02Loan Officer estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 1,211 USD
Estimated Monthly Salary: 101 USD
Estimated Weekly Salary: 23 USD per week
Estimated Hourly Salary: 1 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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Country:
Salary comparison to National average
Uganda is a landlocked country located in East Africa. It has a population of approximately 45 million people and covers an area of about 241,038 square kilometers. The country is bordered by South Sudan to the north, Kenya to the east, Tanzania and Rwanda to the south, and the Democratic Republic of the Congo to the west.
Estimated national average yearly salary is 4,485,000 UGX (1,250 USD). Value indicated is pre-tax. Below graph shows estimated Loan Officer job salary compared to average salary in Uganda.
Comparison shows that a person working as Loan Officer in Uganda earns on average:
1.06 times the average salary (or 106% of average salary).
Estimated national average yearly salary is 4,485,000 UGX (1,250 USD). Value indicated is pre-tax. Below graph shows estimated Loan Officer job salary compared to average salary in Uganda.
Comparison shows that a person working as Loan Officer in Uganda earns on average:
1.06 times the average salary (or 106% of average salary).
Is Loan Officer a well paid job?
Yes, our data show that Loan Officer 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?
High salary for Loan Officer would be somewhere between 5,225,743 UGX and 6,888,479 UGX. However this is an estimation based on Gaussian Distribution.How much can you save working as Loan Officer in Uganda?
Living in Uganda the approximate monthly expenses are: 50 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: 4,750,675 UGX
Estimated Monthly Salary: 395,890 UGX
Estimated Weekly Salary: 91,359 UGX per week
Estimated Hourly Salary: 2,284 UGX per hour
By working as Loan Officer a person can save up to 51 USD per month or 611 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 Uganda, see costs of living in Uganda.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Kenya, South Sudan, Democratic Republic of the Congo, Rwanda, Tanzania. 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
Kenya is 5,818 USD 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 Uganda
(50,940,232 UGX per year, pre-tax.)
2. Cardiologist
(42,552,292 UGX per year, pre-tax.)
(41,077,897 UGX per year, pre-tax.)
4. Neurosurgeon
(39,844,135 UGX per year, pre-tax.)
(39,697,505 UGX per year, pre-tax.)
6. Oncologist
(38,842,071 UGX per year, pre-tax.)
(38,812,832 UGX per year, pre-tax.)
(38,784,031 UGX per year, pre-tax.)
(38,749,803 UGX per year, pre-tax.)
(38,712,676 UGX per year, pre-tax.)
Data as of 2025Random salary:
Natural resource technician (3,193,080 UGX per year, pre-tax.)
Public relations (pr), and marketing coordinator (3,132,313 UGX per year, pre-tax.)
Informationreferral specialist (2,298,509 UGX per year, pre-tax.)
Painter supervisor (2,732,848 UGX per year, pre-tax.)
Home health caregiver (2,205,726 UGX per year, pre-tax.)
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