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Credit and Loans Officer Average Salary in Fiji 2024

How much money does a person working as Credit and Loans Officer make in Fiji?


Average Monthly Salary
2,270 FJD
( 27,300 FJD yearly)

LOW
1,040
FJD
AVERAGE
2,270
FJD
HIGH
3,610
FJD
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working as Credit and Loans Officer in Fiji typically earns around 2,270 FJD. Salaries range from 1,040 FJD (lowest) to 3,610 FJD (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Credit and Loans Officer salaries in Fiji vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.



Credit and Loans Officer Pay Scale and Salaries in Fiji

Median and salary distribution Fiji Credit and Loans Officer monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
2,150 FJD or more
10% of people earn
1,890 to 2,150 FJD
20% of people earn
1,300 FJD or less
65% of people earn
1,300 to 1,890 FJD
Minimum Salary
1,040 FJD
Median
2,170 FJD
Maximum
3,610 FJD




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Credit and Loans Officer in Fiji range from 1,040 FJD (starting salary) to 3,610 FJD (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 2,170 FJD, half of the professionals who work as Credit and Loans Officer in Fiji earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Credit and Loans Officer in Fiji earn less than 1,750 FJD, while 75% earn more. Similarly, the chart shows that 75% earn less than 2,500 FJD while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Credit and Loans Officer in Fiji compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 1,300 FJD to 1,890 FJD. About 20% of salaries are below the 1,300 FJD mark, while 10% fall within the range of 1,890 FJD to 2,150 FJD. Only 5% of individuals have salaries exceeding 2,150 FJD.

Salary Comparison by Years of Experience / Credit and Loans Officer / Fiji

How do experience and age affect pay?

0 - 2 Years
1,190 FJD
2 - 5 Years+34%
1,580 FJD
5 - 10 Years+48%
2,340 FJD
10 - 15 Years+22%
2,850 FJD
15 - 20 Years+9%
3,110 FJD
20+ Years+8%
3,370 FJD
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Fiji Credit and Loans Officer
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The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Credit and Loans Officer and this is what we found.


All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 1,190 FJD.

While someone with an experience level between two and five years is expected to earn 1,580 FJD, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 2,340 FJD, 48% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 2,850 FJD, 22% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 3,110 FJD, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 3,370 FJD, 8% more than people with fifteen to twenty years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / Credit and Loans Officer / Fiji

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Credit and Loans Officer.

High School
1,350 FJD
Certificate or Diploma+57%
2,120 FJD
Bachelor's Degree+68%
3,560 FJD
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Fiji Credit and Loans Officer
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Credit and Loans Officer in order to make a comparison.


Level 1: High School

Employees at this education level have an average salary of 1,350 FJD.


Level 2: Certificate or Diploma

At this level, the average salary becomes 2,120 FJD, 57% more than the previous level.


Level 3: Bachelor's Degree

At this level, the average salary becomes 3,560 FJD, 68% more than the previous level.



Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Salary and Compensation Comparison By Gender / Credit and Loans Officer / Fiji

Salary comparison by gender Fiji Credit and Loans Officer monthly
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Credit and Loans Officer in Fiji, the average difference between the salary of male and female employees is 11%.

Male
2,390 FJD
Female-10%
2,150 FJD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Fiji for all Careers

Salary comparison by gender monthly Fiji
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Average Annual Salary Increment Percentage / Credit and Loans Officer / Fiji

How much are annual salary increments in Fiji for individuals working as Credit and Loans Officer? How often do employees get salary raises?

Individuals working as Credit and Loans Officer in Fiji are likely to observe a salary increase of approximately 7% every 27 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Fiji Credit and Loans Officer
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Fiji / All Professions

Annual Salary Increment Rate Fiji
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The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency

The average salary increase in one year (12 months) in Fiji is 2%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.



Bonus and Incentive Rates / Credit and Loans Officer / Fiji

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Fiji Credit and Loans Officer
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85% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 15% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 0% to 4% of their annual salary.

Received Bonus
15%
No Bonus
85%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus, where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Average Hourly Wage / Credit and Loans Officer / Fiji


13 FJD per hour

The average hourly wage (pay per hour) for individuals working as Credit and Loans Officer in Fiji is 13 FJD.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working as Credit and Loans Officer in Fiji is 6 FJD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Accounting and Finance-100%
Account Examiner2,340 FJD+3%
Account Executive4,090 FJD+80%
Accountant3,240 FJD+43%
Accounting Analyst3,870 FJD+70%
Accounting Assistant2,470 FJD+9%
Accounting Associate2,430 FJD+7%
Accounting Clerk2,000 FJD-12%
Accounting Coordinator2,810 FJD+24%
Accounting Head6,480 FJD+190%
Accounting Manager7,150 FJD+210%
Accounting Officer2,510 FJD+11%
Accounting Specialist4,470 FJD+97%
Accounting Supervisor4,400 FJD+94%
Accounting Technician2,220 FJD-2%
Accounting Unit Controller5,670 FJD+150%
Accounts Executive4,120 FJD+81%
Accounts Officer2,510 FJD+11%
Accounts Payable and Receivable Specialist3,330 FJD+47%
Accounts Payable Assistant2,740 FJD+21%
Accounts Payable Associate2,990 FJD+32%
Accounts Payable Clerk2,440 FJD+7%
Accounts Payable Manager6,290 FJD+180%
Accounts Receivable Administrator5,010 FJD+120%
Accounts Receivable Clerk2,540 FJD+12%
Accounts Receivable Financial Analyst4,460 FJD+96%
Accounts Receivable Manager6,470 FJD+180%
Accounts Receivable Team Leader5,010 FJD+120%
Algorithmic Trading Specialist5,750 FJD+150%
Assistant Accountant2,430 FJD+7%
Assistant Accounting Manager6,000 FJD+160%
Assistant Auditor3,380 FJD+49%
Assistant Corporate Controller4,560 FJD+100%
Assistant Finance Manager6,900 FJD+200%
Assistant Financial Controller4,690 FJD+110%
Audit Director7,550 FJD+230%
Audit Supervisor5,840 FJD+160%
Auditing Clerk2,510 FJD+11%
Auditing Manager6,570 FJD+190%
Billing Clerk2,620 FJD+15%
Billing Coordinator3,040 FJD+34%
Billing Specialist3,550 FJD+56%
Billing Supervisor4,910 FJD+120%
Bookkeeper2,270 FJD-0%
Bookkeeping Specialist3,030 FJD+33%
Budget Analyst5,770 FJD+150%
Budget Manager6,720 FJD+200%
Business Support Analyst3,810 FJD+68%
Capital Markets Associate5,040 FJD+120%
Cash Flow Analyst4,780 FJD+110%
Cash Management Manager6,730 FJD+200%
Cash Management Officer3,800 FJD+67%
Cashbook Clerk2,330 FJD+3%
Chartered Accountant4,110 FJD+81%
Chief Accountant4,690 FJD+110%
Chief Financial Technology Officer7,070 FJD+210%
Collections Clerk1,980 FJD-13%
Collections Representative2,800 FJD+23%
Collections Specialist3,490 FJD+54%
Corporate Controller5,090 FJD+120%
Corporate Treasurer6,540 FJD+190%
Cost Accountant3,430 FJD+51%
Cost Accounting Manager6,610 FJD+190%
Cost Accounting Supervisor5,370 FJD+140%
Cost Analyst5,160 FJD+130%
Credit and Collection Manager6,510 FJD+190%
Credit and Collection Staff2,620 FJD+15%
Credit and Loans Officer2,270 FJD-0%
Credit Controller4,490 FJD+98%
Credit Manager7,040 FJD+210%
Debt Adviser5,360 FJD+140%
Debt Collector2,540 FJD+12%
Debtors Clerk2,270 FJD-0%
Debtors Controller2,510 FJD+11%
Deputy CFO9,340 FJD+310%
Deputy Head of Finance8,830 FJD+290%
Derivative Trader5,480 FJD+140%
Director of Finance9,400 FJD+310%
E-commerce Accountant3,360 FJD+48%
Economist8,020 FJD+250%
Equity Analyst5,860 FJD+160%
Escrow Assistant2,930 FJD+29%
Executive Accountant3,690 FJD+62%
External Auditor4,760 FJD+110%
Finance Administrator3,780 FJD+66%
Finance Analyst6,130 FJD+170%
Finance Associate2,740 FJD+21%
Finance Data Analyst5,520 FJD+140%
Finance Director9,980 FJD+340%
Finance Executive7,210 FJD+220%
Finance Licensing Clerk2,320 FJD+2%
Finance Licensing Manager6,590 FJD+190%
Finance Licensing Specialist3,630 FJD+60%
Finance Manager9,220 FJD+310%
Finance Officer3,300 FJD+45%
Finance President9,790 FJD+330%
Finance Relationship Manager7,490 FJD+230%
Finance Release Analyst3,950 FJD+74%
Finance Specialist5,300 FJD+130%
Finance Team Leader 7,010 FJD+210%
Financial Accountant3,380 FJD+49%
Financial Actuary4,830 FJD+110%
Financial Administrator5,250 FJD+130%
Financial Advisor6,240 FJD+170%
Financial Analyst5,870 FJD+160%
Financial Applications Specialist4,120 FJD+81%
Financial Assistant2,580 FJD+14%
Financial Associate3,190 FJD+40%
Financial Claims Analyst4,220 FJD+86%
Financial Claims Manager6,010 FJD+160%
Financial Claims Supervisor5,430 FJD+140%
Financial Clerk2,610 FJD+15%
Financial Commercial Analyst4,790 FJD+110%
Financial Compliance Analyst5,160 FJD+130%
Financial Compliance Officer5,270 FJD+130%
Financial Consultant4,310 FJD+90%
Financial Controller5,140 FJD+130%
Financial Coordinator3,090 FJD+36%
Financial Customer Service Manager6,010 FJD+160%
Financial Data Scientist6,020 FJD+170%
Financial Dealer and Broker3,620 FJD+59%
Financial Director9,630 FJD+320%
Financial Encoder2,870 FJD+26%
Financial Manager8,780 FJD+290%
Financial Modelling Analyst5,640 FJD+150%
Financial Operations Manager8,790 FJD+290%
Financial Policy Analyst5,000 FJD+120%
Financial Project Manager6,860 FJD+200%
Financial Quantitative Analyst5,700 FJD+150%
Financial Reporting Consultant4,600 FJD+100%
Financial Reporting Manager6,160 FJD+170%
Financial Section Head6,040 FJD+170%
Financial Services Manager8,620 FJD+280%
Financial Services Sales Agent3,460 FJD+52%
Financial Technology Consultant5,320 FJD+130%
Financial Wellness Coach6,740 FJD+200%
FinTech Analyst5,500 FJD+140%
Fixed Assets Administrator3,590 FJD+58%
Forensic Accountant3,780 FJD+66%
Fraud Detection Supervisor3,940 FJD+73%
Fraud Prevention Manager7,000 FJD+210%
Fund Accountant3,190 FJD+40%
Grants Coordinator2,500 FJD+10%
Green Finance Analyst5,220 FJD+130%
Group Financial Manager9,700 FJD+330%
Internal Auditor4,420 FJD+95%
Internal Control Adviser5,030 FJD+120%
Internal Control Officer2,990 FJD+32%
International Tax Director8,220 FJD+260%
Inventory Accountant3,590 FJD+58%
Investment Advisor8,700 FJD+280%
Investment Analyst6,240 FJD+170%
Investment Associate5,300 FJD+130%
Investment Broker5,700 FJD+150%
Investment Fund Manager7,570 FJD+230%
Investment Operations Manager7,370 FJD+220%
Investment Underwriter2,810 FJD+24%
Investor4,180 FJD+84%
Investor Relations Manager6,320 FJD+180%
KYC Team Leader6,230 FJD+170%
Loan Processor2,760 FJD+22%
Management Accountant3,700 FJD+63%
Management Economist7,320 FJD+220%
Paymaster2,680 FJD+18%
Payroll Administrator4,300 FJD+89%
Payroll Benefits Coordinator3,720 FJD+64%
Payroll Billing Manager5,980 FJD+160%
Payroll Clerk2,760 FJD+22%
Payroll Manager6,230 FJD+170%
Payroll Officer2,770 FJD+22%
Payroll Specialist3,560 FJD+57%
Payroll Supervisor4,230 FJD+86%
Pensions Administrator3,330 FJD+47%
Personal Financial Advisor4,680 FJD+110%
Pricing Analyst5,650 FJD+150%
Private Equity Analyst6,110 FJD+170%
Project Accountant3,420 FJD+51%
Proposal Development Coordinator2,790 FJD+23%
Quantitative Trader4,910 FJD+120%
Receivables Accountant2,970 FJD+31%
Regulatory Accountant3,560 FJD+57%
Retirement Plan Analyst5,090 FJD+120%
Revenue Management Specialist5,690 FJD+150%
Revenue Recognition Analyst6,250 FJD+180%
Risk Management Director7,860 FJD+250%
Risk Management Supervisor6,290 FJD+180%
Staff Accountant3,020 FJD+33%
Tax Accountant3,030 FJD+33%
Tax Administrator3,590 FJD+58%
Tax Advisor4,930 FJD+120%
Tax Analyst4,790 FJD+110%
Tax Associate2,930 FJD+29%
Tax Consultant5,370 FJD+140%
Tax Director7,580 FJD+230%
Tax Examiner3,370 FJD+48%
Tax Manager6,980 FJD+210%
Tax Research Manager6,790 FJD+200%
Teller1,930 FJD-15%
Treasury Accountant3,440 FJD+51%
Treasury Analyst5,520 FJD+140%
Underwriter2,330 FJD+3%
Underwriting Assistant2,130 FJD-6%
Vice President of Finance8,760 FJD+290%

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Fiji is 25% on average across all career fields.

Private Sector
4,300 FJD
Public Sector+25%
5,360 FJD
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Credit and Loans Officer in Fiji?

A good and competitive compensation would range anywhere between 2,170 FJD and 2,500 FJD. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for a careers like Credit and Loans Officer in Fiji ranges from 1,040 FJD to 1,750 FJD. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary


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