Home > Salary > Uganda > 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: 7,321,350 UGX
Estimated Monthly Salary: 610,113 UGX
Estimated Weekly Salary: 140,795 UGX per week
Estimated Hourly Salary: 3,520 UGX per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 590,561 UGX
Estimated Weekly Salary: 136,283 UGX per week
Estimated Hourly Salary: 3,407 UGX per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 1,876 USD
Estimated Monthly Salary: 156 USD
Estimated Weekly Salary: 36 USD per week
Estimated Hourly Salary: 1 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: 7,321,350 UGX
Estimated Monthly Salary: 610,113 UGX
Estimated Weekly Salary: 140,795 UGX per week
Estimated Hourly Salary: 3,520 UGX per hour
By working as Loan Officer Commercial a person can save up to 106 USD per month or 1,276 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 Commercial
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
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Loan Officer Commercial salary in Uganda
Average Yearly Salary of Loan Officer Commercial in Uganda is approximately 7,321,350 UGX (1,876 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: 7,321,350 UGX
Estimated Monthly Salary: 610,113 UGX
Estimated Weekly Salary: 140,795 UGX per week
Estimated Hourly Salary: 3,520 UGX per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 7,086,732 UGXEstimated Monthly Salary: 590,561 UGX
Estimated Weekly Salary: 136,283 UGX per week
Estimated Hourly Salary: 3,407 UGX 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: 1,876 USD
Estimated Monthly Salary: 156 USD
Estimated Weekly Salary: 36 USD per week
Estimated Hourly Salary: 1 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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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 Commercial job salary compared to average salary in Uganda.
Comparison shows that a person working as Loan Officer Commercial in Uganda earns on average:
1.63 times the average salary (or 163% 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 Commercial job salary compared to average salary in Uganda.
Comparison shows that a person working as Loan Officer Commercial in Uganda earns on average:
1.63 times the average salary (or 163% 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 8,053,485 UGX and 10,615,958 UGX. However this is an estimation based on Gaussian Distribution.How much can you save working as Loan Officer Commercial 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: 7,321,350 UGX
Estimated Monthly Salary: 610,113 UGX
Estimated Weekly Salary: 140,795 UGX per week
Estimated Hourly Salary: 3,520 UGX per hour
By working as Loan Officer Commercial a person can save up to 106 USD per month or 1,276 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 Commercial
Kenya is 9,031 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:
General cardiologist (25,474,800 UGX per year, pre-tax.)
Alarm technician (3,272,256 UGX per year, pre-tax.)
Digital designer (4,042,205 UGX per year, pre-tax.)
Vascular technician (4,042,205 UGX per year, pre-tax.)
Banking foreign exchange clerk (3,451,656 UGX per year, pre-tax.)
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