Credit and loans officers

Credit and loan officers analyze and evaluate financial information on applications for credit and loans and determine approval or disapproval of the client for the credit or loan or recommend to management approval or disapproval.

Skill level: Skilled

Check your pay

  • A Credit Officer in Auckland in professional, scientific and technical activities earned minimum $50,000.00 and maximum $60,000.00 per year in 2022.
  • A Credit Officer in Christchurch in professional, scientific and technical activities earned minimum $50,000.00 and maximum $60,000.00 per year in 2022.
  • A Credit Officer in Wellington in professional, scientific and technical activities earned minimum $50,000.00 and maximum $60,000.00 per year in 2022.

Job Definition

  • Interviewing applicants for personal, mortgage, student and business loans
  • Researching and evaluating loan applicants’ financial status, references, credit and ability to repay the loan
  • Submitting credit and loan applications to management with recommendations for approval or rejection
  • Approving or rejecting loan applications within authorized limits ensuring that credit standards of the institution are respected
  • Keeping records of payments, preparing routine letters requesting payment for overdue accounts and forwarding these for legal action
  • Completing credit and loan documentation
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