As of March 01, 2025, the average annual salary for a Consumer Loan Officer I in the United States is $51,671. Salary.com reports that pay typically ranges from $46,077 to $56,971, with most professionals earning between $40,984 and $61,796.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $56,971 | $4,748 | $1,096 | $27 |
| Average | $51,671 | $4,306 | $994 | $25 |
| 25th Percentile | $46,077 | $3,840 | $886 | $22 |
An entry-level Consumer Loan Officer I with less than 1 year of experience earns about $50,578. With 1-2 years of experience, the average salary increases to $51,537. For 2-4 years of experience, the pay typically rises to $52,317. Senior-level professionals with 5-8 years of experience earn around $52,551, and those with over 8 years of experience can expect an average of $52,708.
| Levels | Salary |
|---|---|
| Entry Level Consumer Loan Officer I | $50,578 |
| Intermediate Level Consumer Loan Officer I | $51,537 |
| Senior Level Consumer Loan Officer I | $52,317 |
| Specialist Level Consumer Loan Officer I | $52,551 |
| Expert Level Consumer Loan Officer I | $52,708 |
| Entry Level | 2% |
| Mid Level | 0% |
| Senior Level | 1% |
| Top Level | 2% |
| Experienced | 2% |
Salaries in the United States differ widely between states due to factors like cost of living, local economies, and industry presence.
What Am I Worth?
Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.
As of March 01, 2025, our research reveals a significant shift in Consumer Loan Officer I compensation over the past six years. For example, the median salary increased from $41,990 in 2023 to approximately $42,097 in 2024. (For a detailed analysis of Consumer Loan Officer I salary trends, click here.)
Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.
Salary.com job board provides millions of Consumer Loan Officer I information for you to search for. Click on search button below to see Consumer Loan Officer I job openings or enter a new job title here.
Here are companies hiring for Consumer Loan Officer I and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $51,671 | 68.6% | ||
| Bonus | $1,194 | 1.6% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $4,044 | 5.4% | ||
| 401K/403B | $2,485 | 3.3% | ||
| Disability | $423 | 0.6% | ||
| Healthcare | $6,056 | 8.0% | ||
| Pension | $2,908 | 3.9% | ||
| Time Off | $6,506 | 8.6% | ||
| Total Compensation | $75,287 | 100% | ||
The average annual salary of Consumer Loan Officer I is $51,671. In case you are finding an easy salary calculator, the average hourly pay of Consumer Loan Officer I is $25; the average weekly pay of Consumer Loan Officer I is $994; the average monthly pay of Consumer Loan Officer I is $4,306.
A Consumer Loan Officer I's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, a Consumer Loan Officer I earns the most in San Jose, CA, where the annual salary of a Consumer Loan Officer I is $64,847.
The highest pay for Consumer Loan Officer I is $61,796.
The lowest pay for Consumer Loan Officer I is $40,984.
Consumer Loan Officer I develops and services consumer loans. Interviews loan applicants to determine financing needs and to offer the appropriate loan products and repayment arrangements. Being a Consumer Loan Officer I evaluates loan applications and applicant creditworthiness. Once a loan is approved and negotiated, monitors loan payments, and provides customer service to ensure the borrower's questions are answered and needs are met, and that the loan is repaid appropriately. Additionally, Consumer Loan Officer I maintains accurate and thorough records, and follows all applicable organizational, state, and federal policies and regulations. Requires a high school diploma. Typically reports to a manager or head of a unit/department. The Consumer Loan Officer I works under the close direction of senior personnel in the functional area. Possesses a moderate understanding of general aspects of the job. May require 0-1 year of general work experience.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.
