Jobs

Loan Officer

Job Description

Loan officers work for commercial banks, mortgage companies or credit unions and specialise in consumer, mortgage or commercial loans. Essentially, loan officers determine if a customer is eligible for a loan. To determine their eligibility as a loan officer, you will need to take into consideration account records, past loan files, credit scores as well as the applicant’s overall financial status.

The Job Scope


  • Obtain and compile financial information to assess loan applications and their risks.
  • Get new clients and leads through strong relationship building.
  • Keep track of credit and loan data.
  • Review agreements, explain programmes, and negotiate loans and terms.
  • Stay up to date with new types of loans and other financial services and products to meet customers’ needs.

Skills Required


Complex problem-solving abilities


Stellar communication and articulation skills


Sales skills


Critical financial thinker

Academic Requirement


Bachelor’s in Business Administration

  • SPM
    Pass with credit in any 3 subjects
  • Diploma in Business Administration 
    Minimum CGPA of 2.00

 

Salary Range


  • Fresh graduate
    An early career for a loan officer with 0-3 years of experience earns an average compensation of RM31,200 or RM2,600 a month.
  • Senior Level
    A mid-career loan officer with 3-7 years of experience earns an average compensation of RM39,600 or RM3,300 a month.