How Much Does a Bank Loan Officer Make in Rhode Island?

Updated October 01, 2024
As of October 01, 2024, the average annual pay of Bank Loan Officer in Rhode Island is $50,813. While Salary.com is seeing that Bank Loan Officer salary in RI can go up to $65,019 or down to $31,916, but most earn between $40,921 and $58,249. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, and your experience levels. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Related Job Titles to Bank Loan Officer
Bank Of America Loan Officer
$99,349
Rhode Island
Per Year
Loan Officer I
$54,140
Rhode Island
Per Year
Loan Officer III
$98,700
Rhode Island
Per Year
Loan Officer II
$78,120
Rhode Island
Per Year
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Similar Job Salaries to Bank Loan Officer by Company

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Company average base salary in (usd) range
Primary Residential Branding
Loan Officer Outside Sales
$98,294/yr
$77,349
$119,239
RANGE: $77,349 - $119,239
Mutual of Omaha Mortgage
Retail Mortgage Loan Officer
$101,937/yr
$81,254
$122,621
RANGE: $81,254 - $122,621
Mutual of Omaha Mortgage
Junior Loan Officer
$96,987/yr
$77,754
$116,219
RANGE: $77,754 - $116,219
U.S. Bank National Association
Non-Bank Mortgage Loan Officer
$108,254/yr
$86,288
$130,219
RANGE: $86,288 - $130,219
Walden Security
Bank Officer
$52,116/yr
$43,878
$60,354
RANGE: $43,878 - $60,354
HCA Healthcare UK
Bank officer
$52,616/yr
$46,232
$59,000
RANGE: $46,232 - $59,000
U.S. Bank National Association
Non-Bank Loan Originator
$97,477/yr
$77,986
$116,968
RANGE: $77,986 - $116,968
Carroll County Bancshares
Bank Loan Operations Manager
$87,789/yr
$70,922
$104,656
RANGE: $70,922 - $104,656
Energy Jobline
Bank Loan Operations Manager
$87,789/yr
$70,922
$104,656
RANGE: $70,922 - $104,656

Open Bank Loan Officer Jobs in Rhode Island

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Top 10 Highest Paying Cities For Bank Loan Officer Jobs in Rhode Island

It is important to understand how location impacts your career prospects in the United States. There are some cities where a Bank Loan Officer can find a job easily with a greater salary paid then achieve a higher standard of living. Below is the top cities list for Bank Loan Officer job salaries in Rhode Island. Some cities can pay higher salaries for Bank Loan Officer jobs, which can indicate that there is a large demand for Bank Loan Officer positions in this city.
The following table shows top 10 cities where the Bank Loan Officer salary is higher than other cities in Rhode Island. Westerly takes first place in this list, followed by Tiverton, Newport. The Bank Loan Officer salary is $51,786 in Westerly, which is higher than the national average. There are 12 cities' Bank Loan Officer salary higher than national average in Rhode Island.
The average salary for a Bank Loan Officer in Rhode Island is $50,813, but we found that the city with the highest salary for Bank Loan Officer jobs is Westerly, RI, and it is higher than Tiverton. Bank Loan Officer jobs in Westerly can have the opportunity to earn higher salaries than in other cities in Rhode Island.
CITY ANNUAL SALARY MONTHLY PAY WEEKLY PAY HOURLY WAGE
Westerly $51,786 $4,316 $996 $25
Tiverton $51,494 $4,291 $990 $25
Newport $51,397 $4,283 $988 $25
Narragansett $51,348 $4,279 $987 $25
Providence $51,056 $4,255 $982 $25
Warwick $51,056 $4,255 $982 $25
Cranston $51,056 $4,255 $982 $25
Pawtucket $51,056 $4,255 $982 $25
East Providence $51,056 $4,255 $982 $25
Cumberland $51,056 $4,255 $982 $25

What Does a Bank Loan Officer Do?

If you can meet with or speak to a loan officer, you can make your case for loan approval to a human being rather than a machine.
Updated December 22, 2021
Except for consumer loan officers, who spend most of their time in offices, these workers may travel to visit clients.
Updated December 22, 2021
If the underwriter approves your loan, your loan officer will then collect and prepare the appropriate loan closing documents.
Updated December 20, 2021
This is why banks may have several branches — they want to serve the potential borrowers in various areas who want to meet face-to-face with a loan officer.
Updated December 20, 2021
Most loan officers are employed by commercial banks, credit unions, mortgage companies, and other financial institutions.
Updated December 19, 2021

Frequently Asked Questions About a Bank Loan Officer Salaries

What is the average of a Bank Loan Officer in Rhode Island?

The Bank Loan Officer salary range is from $40,921 to $58,249, and the average Bank Loan Officer salary is $50,813/year in Rhode Island. The Bank Loan Officer's salary will change in different locations.

Which location pays the highest Bank Loan Officer salary in the United States?

The Bank Loan Officer salary in San Jose, CA is $61,082 which is the highest in the US.

What kinds of reasons will influence the Bank Loan Officer's salary?

Besides the location, employees' education degree, related skills, and work experience also will influence the salary. Try to improve your skills and experience to get a higher salary for the position of Bank Loan Officer.

What is the growth rate of the Bank Loan Officer's salary?

If you are thinking of becoming a Bank Loan Officer or planning the next step in your career, find the detailed salary report of a Bank Loan Officer.