Accounting and finance

How to become a loan administrator

Official title: Loan administrator

Also called: Lending specialist, Lending support officer, Lending consultant, Loan officer, Loan specialist, Loan consultant, Lending and sales specialist

Loan administrators process applications for credit and loans through banks and other financial organisations. They may deal with mortgage, business and investment loan applications.

Main tasks

Assess loan applications
Process and approve loans
Make sure loans are repaid
Update loan records and payment details
Answer questions about loans and payments
Work with banks and lenders on loan plans
Remind people about upcoming payments
Help fix issues with loan accounts

How to become one

You usually need experience to become a loan administrator and a qualification may be useful. You usually need NCEA Level 3 to do the study or training for this job. Other requirements: experience in similar work; a relevant tertiary qualification in banking and finance or similar area.

See the full Tahatū profile

Ways in

Certificates and diplomas: Advanced certificates and diplomas in banking and finance. TEC links this job to study in banking and finance. Qualifications: NZ Cert in Financial Services, Cert in Financial Advice. Usually 6 to 11 months. Graduates of these qualifications earn a median $75,000 a year one year after study; 81% are employed one year after (TEC, from Stats NZ IDI data).

Pay · Past change · AI and this job

Most common pay: $64,000 to $109,000 a year (median $79,000), a TEC estimate before tax.
Lower: $52,000 a year · Upper: $147,000 a year
TEC's pay figures are estimates only. TEC says they must not be used to set pay, in pay negotiations or in visa applications.
Change in the number of people doing this job between the 2018 and 2023 Censuses: Strong increase (TEC). This is past change, not a forecast.
People employed in the group Credit and Loans Officers (Aus) or Finance Clerks (NZ): 2,514 at the 2018 Census and 3,327 at the 2023 Census (+32.3%). Past change, not a forecast.
Generative AI could change many tasks in this job, which usually reshapes the work more than it replaces it, by the ILO's global estimate.

Who does this work

About 1,400 people did this job at the 2023 Census (TEC).
In the group Credit and Loans Officers (Aus) or Finance Clerks (NZ), 68% of workers are female (sex at birth, 2023 Census).
Where people in the group Credit and Loans Officers (Aus) or Finance Clerks (NZ) work (2023 Census): Auckland 42.4%, Wellington 13.5%, and Canterbury 10.2%.

Questions people ask

How do I become a loan administrator?

How much does a loan administrator earn in New Zealand?

The Tertiary Education Commission estimates median pay at $79,000 a year, before tax. Most common pay is $64,000 to $109,000 a year.

Has the number of people working as a loan administrator grown in New Zealand?

It has grown strongly: TEC records a strong increase in the number of people doing this job between the 2018 and 2023 Censuses. This is past change, not a forecast.

Will AI change the work of a loan administrator?

Generative AI could change many tasks in this job, which usually reshapes the work more than it replaces it, by the ILO's global estimate.

Sources

Stats NZ (via Figure.NZ): Census 2023: employed by regional council, occupation (ANZSCO V1.3 unit group) and sex at birth (2023 Census), CC BY 4.0 (Stats NZ), CC BY 3.0 NZ (Figure.NZ), retrieved 4 October 2026
Tertiary Education Commission (Tahatu Career Navigator): Tahatu career ideas: descriptions, tasks, pay estimates, people employed, employment change 2018 to 2023, entry requirements, registration, interest scores (Site scrape 2026-10 (816 career ideas, sitemap lastmod 2026-10-01)), CC BY 4.0, retrieved 4 October 2026
Stats NZ (via Figure.NZ): Census totals by topic for individuals 2013, 2018, 2023 (CEN23_TBT_004): employed by occupation, ANZSCO V1.3, summed to unit group (2023 Census (CEN23_TBT_004)), CC BY 4.0 (Stats NZ), CC BY 3.0 NZ (Figure.NZ), retrieved 4 October 2026
International Labour Organization, Generative AI and Jobs: A Refined Global Index of Occupational Exposure (ILO Working Paper 140, Gmyrek et al.) (ILO Working Paper 140, May 2025, Annex Table A1), CC BY 4.0, retrieved 4 October 2026

This content is sourced from the Tertiary Education Commission through the Tahatū Career Navigator website (www.tahatu.govt.nz) and used under the CC BY 4.0 licence. All or some of the information has been modified by Peernovo. TEC has not approved, endorsed or tested these modifications. TEC will not be held accountable for any errors within this content.

Qualification information from NZQA, used under CC BY 3.0 NZ.

This work is based on/includes Stats NZ's data which are licensed by Stats NZ for reuse under the Creative Commons Attribution 4.0 International licence. Census data via Figure.NZ.

Includes information from O*NET OnLine by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA), used under the CC BY 4.0 license. O*NET is a trademark of USDOL/ETA. USDOL/ETA has not approved, endorsed, or tested these modifications.

Sources: Tertiary Education Commission, Tahatū Career Navigator (career ideas, pay estimates, entry requirements and study options, CC BY 4.0, modified by Peernovo); Stats NZ, 2023 Census (via Figure.NZ) and the National Occupation List (CC BY 4.0); NZQA qualification information (CC BY 3.0 NZ); O*NET interest scores (CC BY 4.0); ILO global generative AI exposure index (CC BY 4.0). Links between career ideas and ANZSCO groups, degree fields and broad job groups are Peernovo's.

These results are not official statistics. They have been created for research purposes from the Integrated Data Infrastructure (IDI), which is carefully managed by Stats NZ.

Graduate outcomes: these results are not official statistics. They have been created for research purposes from the Integrated Data Infrastructure (IDI), which is carefully managed by Stats NZ.

Updated 4 October 2026