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Consumer Loan Officer III Salary in the United States

How much does a Consumer Loan Officer III make in the United States?

As of August 01, 2026, the average salary for a Consumer Loan Officer III in the United States is $66,082 per year, which breaks down to an hourly rate of $32.

However, a Consumer Loan Officer III's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $78,739
  • Majority Range (25th-75th percentile): $59,108 to $72,707
  • Entry-Level (10th percentile): $52,759
Salary Factors Salary-Boosting Skills Salary by Experience Related Job Salaries Top Paying Cities Explore Related Jobs

Key Factors That Influence Consumer Loan Officer III Salaries

A Consumer Loan Officer III'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.

How Experience Level Affects Consumer Loan Officer III Salaries?

Experience is a primary driver of a Consumer Loan Officer III'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:

  • 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
Job Role Years of Experience Average Salary
Consumer Loan Officer I0-2 years$50,466
Consumer Loan Officer II2-4 years$56,271
Consumer Loan Officer III4-7 years$66,082
Consumer Lending Manager7+ years$102,398
Consumer Lending Senior Manager7+ years$119,290
View as Graph

How Do Consumer Loan Officer IIIs Salaries Vary from State to State?

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 IIIs. For example, consider the average annual salaries in these key locations:
  • District of Columbia: $73,166.
  • California: $72,888.
  • Massachusetts: $71,917.

Top Paying Cities for Consumer Loan Officer III

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:

  • San Jose: $83,349
  • San Francisco: $82,437
  • Oakland: $80,699

What Skills Can Increase a Consumer Loan Officer III's Salary?

Demanded Skills for the Role:

  • Products and Services (Mentioned in 7.31% Job Postings): Knowledge of the full array of our organization's products and services including those that are created for internal customers; insight into the differentiating factors that distinguish them from those of competitors.
  • Credit Reports (Mentioned in 2.16% Job Postings): Credit report is a statement that has information about your credit activity and current credit situation such as loan paying history and the status of your credit accounts. It allows to check for any delinquency in past and present credit accounts.
  • Credit Card (Mentioned in 1.32% Job Postings): A credit card is a type of credit facility, provided by banks that allow customers to borrow funds within a pre-approved credit limit.
Skills Demand Percentage
Products and Services 7.31%
Credit Reports 2.16%
Credit Card 1.32%
See More Skills

What skills can make your compensation higher?

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 III's salary.

  • Wealth Management: Can increase your salary by up to 17%.
  • Business Development: Can increase your salary by up to 13%.
  • Listening: Can increase your salary by up to 11%.
Skill Salary Salary % Increase
Wealth Management $77,316
17%
Business Development $74,673
13%
Listening $73,351
11%
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Consumer Loan Officer III Salary by Company Size: Startups vs. Enterprise

Consumer Loan Officer III salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $71,148. While startup companies pay approximate $60,299.

Consumer Loan Officer III Salary by Company Size

Company Size Employees Average Salary
Startup 1~50 $60,299
Growth Stage 51~500 $63,756
Established 501~5000 $68,729
Enterprise 5000+ $71,148

Consumer Loan Officer III Salary by Industry: Top Paying Sectors

For Consumer Loan Officer III roles, the industry you choose can affect earning potential by as much as 90% (the gap between the highest and lowest paying industries). Data shows that the Financial Services and Edu., Gov't. & Nonprofit sectors offer the strongest compensation, at 50% above the average. In contrast, Consumer Loan Officer positions in Insurance or Business Services typically offer lower base pay, as these industries often view Consumer Loan Officer III as a support function rather than a direct revenue driver.

The top paying industries for a Consumer Loan Officer III

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Financial Services$99,123$48.050%
Edu., Gov't. & Nonprofit$72,690$35.010%

How Education impacts an Consumer Loan Officer III's Salary?

Your level of education can impact your salary potential. While many Consumer Loan Officer III 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 III with a Bachelor's Degree is between $63,303 and $67,340.

Consumer Loan Officer III Salaries by Degree Level

Typical Education for Consumer Loan Officer III
Degree Level % of user with this level of education
No Diploma 1.4%
High School 28.8%
Associates 13.0%
Bachelors 52.1%
Masters 4.8%
Doctorate 0.0%
View as Graph

Consumer Loan Officer III Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Consumer Loan Officer III'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 August 01, 2026
$59,108
Average $66,082/year
$72,707
$4,926
Average $5,507/month
$6,059
$1,137
Average $1,271/week
$1,398
$28
Average $32/hour
$35
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $72,707 $6,059 $1,398 $35
Average $66,082 $5,507 $1,271 $32
25th Percentile $59,108 $4,926 $1,137 $28

Consumer Loan Officer III Salary Growth & Career Path

Consumer Loan Officer III

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Advancement

For a Consumer Loan Officer III, the most direct path to higher earnings is advancing to the Consumer Lending Manager role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $102,398 - a projected growth of 55% over your current level.

Most common benefits for Consumer Loan Officer III

  • Social Security
  • 401 (k)
  • Disability
  • Healthcare
  • Pension
  • Time Off (days)

Common company salaries for Consumer Loan Officer III

Here are companies hiring for Consumer Loan Officer III and their salaries, click below for more details.

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FAQ about Consumer Loan Officer III

1. Where can a Consumer Loan Officer III earn the most?

A Consumer Loan Officer III'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 III earns the most in San Jose, CA, where the annual salary of a Consumer Loan Officer III is $83,349.

2. What is the highest pay for Consumer Loan Officer III?

The highest pay for Consumer Loan Officer III is $78,739.

3. What is the lowest pay for Consumer Loan Officer III?

The lowest pay for Consumer Loan Officer III is $52,759.

4. What are the responsibilities of Consumer Loan Officer III?

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. Work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. Typically requires 4-7 years of related experience.

5. What industry pays the highest salary for Consumer Loan Officer III?

The Financial Services industry offers the highest average compensation for Consumer Loan Officer III roles, with salaries approximately 50% above the market median.

Where Does Our Salary Data Come From?

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.

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