As of January 01, 2026, the average salary for a Consumer Loan Officer I in the United States is $50,377 per year, which breaks down to an hourly rate of $24.
However, a Consumer Loan Officer I's salary can vary significantly. Here’s a look at the typical salary range:
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A Consumer Loan Officer I'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 Officer I'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:
| Levels | Salary |
|---|---|
| Entry Level Consumer Loan Officer I | $50,210 |
| Intermediate Level Consumer Loan Officer I | $51,038 |
| Senior Level Consumer Loan Officer I | $51,981 |
| Specialist Level Consumer Loan Officer I | $52,264 |
| Expert Level Consumer Loan Officer I | $52,453 |
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 Officer Is. For example, consider the average annual salaries in these key locations:
Understanding how a Consumer Loan Officer I'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.
Last Updated on January 01, 2026For a Consumer Loan Officer I, the most direct path to higher earnings is advancing to the Consumer Loan Officer II role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $56,171 - a projected growth of 12% over your current level.
Salaries for a Consumer Loan Officer I can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $41,990 in 2023 to around $41,630 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Consumer Loan Officer I salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
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| 2023 | $41,990 |
| 2024 | $42,097 |
| 2025 | $41,630 |
| 2026 |
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| 2027 |
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Compensation PlanningHere are companies hiring for Consumer Loan Officer I and their salaries, click below for more details.
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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 $63,541.
The highest pay for Consumer Loan Officer I is $62,457.
The lowest pay for Consumer Loan Officer I is $46,098.
Develops and services consumer loans. Interviews loan applicants to determine financing needs and to offer the appropriate loan products and repayment arrangements. 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. 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. 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.)
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