Hourly wage for inexperienced credit and loans officers R117 to R207

06 Sept 2023 - 30 years of work experience reaps credit and loans officers a salary ranging from R33 284 to R71 685 per month. For most employees, the majority of their coworkers are female. This is made clear in research by Mywage.co.za, conducted in 2023.

Highest salary for credit and loans officers with 25 years of experience: R36 877 to R71 777 per month

Based on our survey, workers in this occupation with 25 years of work experience earn the highest salary: between R36 877 and R71 777 per month. Very experienced workers that are working for 30 years, receive a salary ranging from R33 284 to R71 685 per month.

Credit and loans officers mostly female

Based on the survey results, most workers are female. 69% of workers in this occupation are parents of at least 1 child. People in this job who answered the survey are mostly between 30 and 39 years of age.

Workers work 41 hours per week on average.

41% of credit and loans officers fewer than 5 years of work experience

People in this job who do not have a permanent contract for the work they are performing, added up to 8% of respondents. Since starting their first job, 41% of workers in this occupation have worked fewer than 5 years. Of the participating people in this job, 45% work in a multinational organisation. In most cases, people in this job report that the majority of their coworkers are female. 92% of workers in this occupation state that they have a permanent contract for the work that they are doing. The majority of employees work in organisations of 500 or more employees.

In the survey, 9% of the employees choose 'highly dissatisfied' as their job satisfaction level. In general, most employees are satisfied with their position. This is the case for 43% of the employees.

Wage dissatisfaction high among credit and loans officers

Of all surveyed people in this job, 29% feel highly dissatisfied about their salary. Generally, 36% of the people in this job report they are dissatisfied with their salary.

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