As of August 01, 2026, the average salary for a Consumer Loan Officer II in the United States is $56,271 per year, which breaks down to an hourly rate of $27.
However, a Consumer Loan Officer II's salary can vary significantly. Here’s a look at the typical salary range:
Consumer Loan Officer II Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
|---|---|---|---|---|
| 75th Percentile | $65,859 | $5,488 | $1,267 | $32 |
| Average | $56,271 | $4,689 | $1,082 | $27 |
| 25th Percentile | $52,301 | $4,358 | $1,006 | $25 |
A Consumer Loan Officer II'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, education and company size can directly affect your earning potential.
Experience is a primary driver of a Consumer Loan Officer II'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 Officer I | 0-2 years | $50,466 |
| Consumer Loan Officer II | 2-4 years | $56,271 |
| Consumer Loan Officer III | 4-7 years | $66,082 |
| Consumer Lending Manager | 7+ years | $102,398 |
| Consumer Lending Senior Manager | 7+ years | $119,290 |
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Customer Service | 17.57% |
| Sales Management | 6.25% |
| Succession Planning | 0.57% |
Mastering certain specialized skills can lead to a significant increase in pay. Here are examples of skills and the potential impact they can have on a Consumer Loan Officer II's salary.
| Skill | Salary | Salary % Increase |
|---|---|---|
| Sales Management | $72,027 | |
| Customer Sales | $70,901 | |
| Team Operations | $68,651 |
Consumer Loan Officer II salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $60,585. While startup companies pay approximate $51,347.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $51,347 |
| Growth Stage | 51~500 | $54,290 |
| Established | 501~5000 | $58,525 |
| Enterprise | 5000+ | $60,585 |
Your level of education can impact your salary potential. While many Consumer Loan Officer II enter the field with a Bachelor's Degree, higher education can lead to more specialized and higher-paying roles.
According to our 100% employer-reported salary data, the median salary for an Consumer Loan Officer II with a Bachelor's Degree is between $52,091 and $55,136.
| Typical Education for Consumer Loan Officer II | |
|---|---|
| Degree Level | % of user with this level of education |
| No Diploma | 1.5% |
| High School | 26.3% |
| Associates | 11.2% |
| Bachelors | 54.1% |
| Masters | 6.3% |
| Doctorate | 0.5% |
Understanding how a Consumer Loan Officer II'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 | $65,859 | $5,488 | $1,267 | $32 |
| Average | $56,271 | $4,689 | $1,082 | $27 |
| 25th Percentile | $52,301 | $4,358 | $1,006 | $25 |
Next Role
Advancement
For a Consumer Loan Officer II, the most direct path to higher earnings is advancing to the Consumer Loan Officer III role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $66,082 - a projected growth of 17% over your current level.
Salaries for a Consumer Loan Officer II can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $45,773 in 2023 to around $45,767 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Consumer Loan Officer II salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 | View More |
| 2023 | $45,773 |
| 2024 | $46,051 |
| 2025 | $45,767 |
| 2026 |
View More
|
| 2027 |
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|
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A Consumer Loan Officer II'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 II earns the most in San Jose, CA, where the annual salary of a Consumer Loan Officer II is $70,975.
The highest pay for Consumer Loan Officer II is $74,588.
The lowest pay for Consumer Loan Officer II is $48,687.
Responsible for evaluating, approving, and managing consumer loans. Reviews loan applications and analyzes applicants' financial statements and credit histories to determine creditworthiness and repayment potential. Recommends loan terms and conditions and ensures loan agreements are complete and accurate. Monitors existing loan portfolios to identify risks, ensure compliance, and support timely repayment. May specialize in one product line (auto, personal, etc.) or may be diversified. Requires a bachelor's degree. Typically reports to a manager. Occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. Typically requires 2-4 years of related experience.
The Financial Services industry offers the highest average compensation for Consumer Loan Officer II roles, with salaries approximately 40% above the market median.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
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