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Banking

Salary for position Loan Specialist in Latvia

The average monthly net salary in Latvia is
An employee's salary is influenced by several factors, primarily the region in which they work, length of experience, company size, and more.
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80% of people earn:
1,048 - 1,965 EUR
10% earn less lthan 1,048 EUR
10% earns more than 1,965 EUR
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Salaries in the survey are expressed in net.

Based on the Algas.lv salary survey, 80% of people on the Loan Specialist position in the Latvia earn between 1,048 EUR and 1,965 EUR monthly net.

10% of employees earn less than 1,048 EUR and 10% of people earn more than 1,965 EUR.

The survey is based on data from employees, cleaned of extreme and duplicate values. By taking a free, anonymous survey, you will get a more accurate salary comparison with other people working in the same position as you.
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What kind of work does Loan Specialist typically do

  • Providing advice connected to consumer, mortgage, and commercial loans.
  • Evaluating client creditworthiness pursuant to the lending policy at the financial institution.
  • Concluding loan contracts on behalf of the financial institution.
  • Checking the payment of instalments and the fulfilment of conditions agreed in the loan agreement.
  • Adjusting deadlines and monthly instalments, loan maturity, etc. in the event that a client is temporarily unable to make payments.
  • Contacting competing financial institutions with proposals for co-financing higher-cost investment projects.
  • Cooperating with executors and external companies that deal with the collection of receivables.

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The most common career path of an employee

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Position: Loan Specialist

The job position is
in the salary ranking on

340 place

Women representation in position

100%

Average age of respondent in position

36

606. place

Au-pair

General labour

Salary group 1

610 - 962 EUR

341. place

ISO Specialist

Quality Management

Salary group 2

843 - 2,235 EUR

340. place

Loan Specialist

Banking

Salary group 2

1,048 - 1,965 EUR

339. place

Soldier

Security & Protection

Salary group 2

1,021 - 2,004 EUR

1. place

Pilot

Transport, Haulage, Logistics

Salary group 3

2,519 - 8,732 EUR

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Frequently asked Questions

Frequently asked questions and answers about the salary for the position Loan Specialist.

The total gross salary for the position Loan Specialist ranges between 958 EUR and 2,846 EUR per month. For an accurate comparison, we recommend checking your salary through the questionnaire on Algas.lv to get a more precise view of the salary, considering the region where you work.

The highest-earning employees in the position Loan Specialist have a total gross salary of at least 1,965 EUR per month.

10% of the highest-earning employees in this position have a total gross salary higher than 1,965 EUR per month, and 10% of the lowest-earning employees in this position have a total gross salary lower than 1,048 EUR per month. By participating in our salary survey, you will get an accurate comparison of your salary with the market average, considering the region where you work.

After working for 5 years, the position Loan Specialist earns 1,618 EUR per month gross.

You need to be well prepared for salary negotiations. During salary negotiation, we recommend focusing on the following aspects:
  • find out the current market value of the position – on Algas.lv you can check it for free and anonymously
  • highlight your experience and achievements – it is good to time the salary discussion well
  • expanded responsibilities – if you work beyond your role and assigned duties
  • prepare alternatives – if a salary increase is not possible, there are other options (bonuses, extra vacation, etc.)

The salary data comes from a pay survey where everyone can anonymously compare their salary with other employees working in the same position. We clean and process this data according to our methodology. For the position Loan Specialist, we currently have 51 verified respondents collected.