QUOTE(Darkcity212 @ May 17 2013, 10:04 AM)
1.2 % average .goodtimes and hardworking can fetch up to 20k per month
if commission got 1.2% i already become millionaire.HOW MUCH DOES A LOAN AGENT MAKE ?, Say for closing one home loan worth 490K
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 May 20 2013, 02:31 AM
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196 posts Joined: Jul 2012 
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Mar 10 2015, 06:07 PM
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84 posts Joined: Aug 2014 
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QUOTE(METALRAGE @ May 17 2013, 03:25 PM) It's important to specify what type of loan or credit facility. you said for car loans handling fee rm600. meaning?My understanding: For housing loans, it can go up to 0.35%, but more likely to be less than that. Very common to earn nothing or just 0.1%. This particular product is very unprofitable compared to work done For personal loans, it can go up to 2%, depending on product/bank/lender For car loans, a fixed handling fee, RM600 is common For CC, a fixed commission depending on card type, usually anything from RM50 - RM130 for products like car loans, are there any rough estimate of the commission the loan officer get? |
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Mar 10 2015, 06:38 PM
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Senior Member
5,614 posts Joined: Jun 2006 From: Cyberjaya, Shah Alam, Ipoh 
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Bank commission pays very little...
Was with tiger bank previously.... The commission my god...better find other job... |
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Mar 10 2015, 06:56 PM
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Senior Member
840 posts Joined: Oct 2012
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QUOTE(max_cavalera @ Mar 10 2015, 06:38 PM) Bank commission pays very little... Banks...sigh. U want them make u rich. Wait long long.Was with tiger bank previously.... The commission my god...better find other job... |
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Mar 10 2015, 11:33 PM
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All Stars
12,530 posts Joined: Feb 2013
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QUOTE(max_cavalera @ Mar 10 2015, 04:38 AM) Bank commission pays very little... max boss u with which bank now? why no promote ur loan here?Was with tiger bank previously.... The commission my god...better find other job... |
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Mar 11 2015, 12:30 AM
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Senior Member
1,184 posts Joined: Jan 2015
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become agent also sometimes verty difficult to close a case...customers will submit 3...4 loans at the same and compare which is the best package. . u choose a good agent or choose the best package..
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Mar 11 2015, 08:33 AM
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Junior Member
45 posts Joined: Jul 2008
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camping here.
 such an interesting topic |
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Mar 11 2015, 09:14 AM
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Senior Member
5,614 posts Joined: Jun 2006 From: Cyberjaya, Shah Alam, Ipoh
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Like anything in life...u want to make a bigger dough u must be willing to take a higher risk....
The highest commission any company willing to pay u is the one without any basic salary or very little of it like car salesmen, unit trust, insurance agent, real estate negotiatior. Once u take a sales job with high basic salary commissionmmg sikit punya. This post has been edited by max_cavalera: Mar 11 2015, 09:15 AM |
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Mar 11 2015, 09:42 AM
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Senior Member
1,053 posts Joined: Jan 2015 
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Don't have 1-0.5% that's high its around 0.1%
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Mar 11 2015, 10:54 AM
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1,184 posts Joined: Jan 2015
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QUOTE(ims2628 @ Mar 11 2015, 09:42 AM) Don't have 1-0.5% that's high its around 0.1% should be okay... 400k x 0.1% = rm400  |
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Mar 11 2015, 11:05 AM
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1,498 posts Joined: Jun 2012
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be the bank priority or preferred customers, you typically get better service.
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Mar 11 2015, 12:28 PM
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1,053 posts Joined: Jan 2015
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QUOTE(brensek @ Mar 11 2015, 10:54 AM) should be okay... 400k x 0.1% = rm400 thats max margin ya if hit 5 mil sales per month if not only around RM200, for us without basic. So still need your guys support support a while!! |
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Nov 30 2022, 03:41 PM
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Junior Member
132 posts Joined: Nov 2022
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so for 1m loan x average 0.2% = 2000?
get 10 customers = 20k? good income leh |
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Nov 30 2022, 03:56 PM
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Junior Member
237 posts Joined: May 2006
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see ppl that do money lender all driving big car, stay big house. He claimed that is legal business. Not sure if this apply to loan agent
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Nov 30 2022, 04:49 PM
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Junior Member
728 posts Joined: Jun 2012
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QUOTE(syzsiew5991 @ Nov 30 2022, 03:41 PM) so for 1m loan x average 0.2% = 2000? indeed. bank also giving referral fees to the referral. some case is up to 0.4%get 10 customers = 20k? good income leh |
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Nov 30 2022, 05:40 PM
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Junior Member
460 posts Joined: Aug 2022
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QUOTE(syzsiew5991 @ Nov 30 2022, 03:41 PM) so for 1m loan x average 0.2% = 2000? That's good moneyget 10 customers = 20k? good income leh |
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Dec 24 2022, 10:34 AM
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Junior Member
132 posts Joined: Nov 2022
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i checked bank manager usually 8-12k. if the commission so good means agent earn 10-20k = more than bank manager.
then be agent better ? |
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