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Accounting and finance

How to become a loan officer

Official title: Loan officer

Also called: Lending officer, Lending administrator, Loan clerk

Loan officers interview applicants to collect personal and financial information to complete loan applications.

Main tasks

How to become one

You usually learn on the job to become a loan officer and qualifications and experience may be useful. You usually need NCEA Level 3 or University Entrance to do the study or training for this job. Other requirements: experience in similar work; to join a professional organisation; a New Zealand Certificate in Financial Services (Level 5); a New Zealand Diploma of Conveyancing (Level 6); a bachelor's degree in management and business studies, banking and finance, accounting or similar area.

See the full Tahatū profile

Ways in

Pay · Past change · AI and this job

Who does this work

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Questions people ask

How do I become a loan officer?

You usually learn on the job to become a loan officer and qualifications and experience may be useful. You usually need NCEA Level 3 or University Entrance to do the study or training for this job. Other requirements: experience in similar work; to join a professional organisation; a New Zealand Certificate in Financial Services (Level 5); a New Zealand Diploma of Conveyancing (Level 6); a bachelor's degree in management and business studies, banking and finance, accounting or similar area.

How much does a loan officer earn in New Zealand?

The Tertiary Education Commission estimates median pay at $86,000 a year, before tax. Most common pay is $70,000 to $102,000 a year.

Will AI change the work of a loan officer?

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

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