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As of August 01, 2026, the average salary for a Consumer Loan Manager in Illinois is $104,400 per year, which breaks down to an hourly rate of $50.
However, a Consumer Loan Manager's salary can vary significantly. Here’s a look at the typical salary range:
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Consumer Loan Manager Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $116,600 | $9,717 | $2,242 | $56 |
| Average | $104,400 | $8,700 | $2,008 | $50 |
| 25th Percentile | $92,100 | $7,675 | $1,771 | $44 |
Better Banks - Chillicothe, IL
The Federal Savings Bank - Chicago, IL
State Street Bank - Quincy, IL
BCU - Vernon Hills, IL
A Consumer Loan Manager's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, and company size can directly affect your earning potential.
Experience is a primary driver of a Consumer Loan Manager's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Consumer Loan Manager | 7+ years | $104,374 |
| Regional Consumer Lending Senior Manager | 7+ years | $121,592 |
| Regional Consumer Lending Director | 7+ years | $185,112 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Consumer Loan Managers. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
Consumer Loan Manager salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $112,403. While startup companies pay approximate $95,264.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $95,264 |
| Growth Stage | 51~500 | $100,725 |
| Established | 501~5000 | $108,582 |
| Enterprise | 5000+ | $112,403 |
For Consumer Loan Manager roles, the industry you choose can affect earning potential by as much as 30% (the gap between the highest and lowest paying industries). Data shows that the Edu., Gov't. & Nonprofit and Insurance sectors offer the strongest compensation, at 10% above the average. In contrast, Consumer Loan Manager positions in Business Services or Financial Services typically offer lower base pay, as these industries often view Consumer Loan Manager as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Edu., Gov't. & Nonprofit | $114,840 | $55.0 | 10% |
| Insurance | $114,840 | $55.0 | 10% |
Understanding how a Consumer Loan Manager's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $116,600 | $9,717 | $2,242 | $56 |
| Average | $104,400 | $8,700 | $2,008 | $50 |
| 25th Percentile | $92,100 | $7,675 | $1,771 | $44 |
For a Consumer Loan Manager, the most direct path to higher earnings is advancing to the Regional Consumer Lending Senior Manager role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $121,600 - a projected growth of 16% over your current level.
Ready to take the next step in your career? Browse thousands of current Consumer Loan Manager job openings on our job board. Use the search bar below to find your perfect match.
1ST MIDAMERICA CREDIT
East Alton, IL
1ST MIDAMERICA CREDIT | East Alton, IL
Job Description. Job Description. Job Title. Loan Clerk. Status. Full Time. Location. East Alton, Illinois. Salary. $15.25/hour. Benefit Information. https... more
2 Days Ago
Symicor Group
Edwardsville, IL
Symicor Group | Edwardsville, IL
Job Description. Job Description. Consumer Loan Underwriter - Indirect Lending - To $20/hr. Edwardsville, IL - Job # 3781-148889. Who We Are. The Symicor G... more
6 Days Ago
1ST MIDAMERICA CREDIT
East Alton, IL
1ST MIDAMERICA CREDIT | East Alton, IL
Job Description. Job Description. Job Title. Consumer Loan Processor. Status. Full Time. Location. East Alton, IL. Salary. $15.10. Benefit Information. htt... more
6 Days Ago
First Southern Bank
Carbondale, IL
First Southern Bank | Carbondale, IL
Job Description. Job Description. Commercial Loan Documentation Manager is responsible for overseeing the preparation, review and management of loan docume... more
2 Days Ago
Evangelical Covenant Church
Chicago, IL
Evangelical Covenant Church | Chicago, IL
Job Description. Job Description. Description. National Covenant Properties (NCP). is a $400 million church extension fund, that operates as a financial. m... more
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Sterling Federal Bank FSB
Sterling, IL
Sterling Federal Bank FSB | Sterling, IL
Job Description. Job Description. Description. The primary role of the LPM is to support the analysis of the credit worthiness of the organization’s commer... more
4 Days Ago
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