Loan Manager Salary in Gary, Indiana

How much does a Loan Manager make in Gary, IN?

As of March 01, 2025, the average annual salary for a Loan Manager in Gary, IN is $177,377. Salary.com reports that pay typically ranges from $148,257 to $199,772, with most professionals earning between $121,744 and $220,161.

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Salary range for a Loan Manager

$148,257 to $199,772

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Loan Manager

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Job Openings for Loan Manager in Gary, IN

What does a Loan Manager do?

Common responsibilities of a Loan Manager

Assist the Vice President of Lending Experience in developing short and long-term goals and plans for the Real Estate Department ensuring the plans are aligned with the vision and strategic priorities of the credit union.

August 28, 2022

Requires significant experience in Relationship Management and is typically responsible for large and complex commercial and retail banking group relationships as applicable to the line of business.

September 03, 2022

Participate and make recommendations related to staff changes, interviews and selection of new hires, internal promotions, performance evaluations, recognition, employee relations issues, and disciplinary actions.

December 24, 2022

Provide leadership in enhancing loan servicing activities to deliver an exceptional Member experience and deliver exceptional service to other areas including Branches, Call Center and Member Services/Support.

February 14, 2023

Monitors quality of loans originated in branch and adheres to compliance regulations with federal, state, regulatory, and company policy and procedures.

February 22, 2023

Prepare and deliver regular, ongoing meetings with the Processing Department along with managing the timeline of a loan from application through funding to insure we are setting and meeting expectations.

March 23, 2023

Review loan applications and documentation to ensure accuracy, completeness and compliance with Company standards, federal and agency regulations, standards, and guidelines, as well as any applicable state-specific and or local regulations, ordinances, etc.

March 26, 2023

Develop and maintain automated tools that will ensure efficient monitoring of trends and scoring of risk to provide a consistent approach to each of the team's loan reviews and to identify areas of focus.

April 04, 2023

Demonstrate the standards and principles of the Five Star experience in every interaction with internal and external customers, associates, and stakeholders.

April 16, 2023

Manage day to day activities of the Loan Servicing department including, but not limited to, management of staff, loan setup, payment processing, CPI, escrow set up and maintenance, Investor reporting/remittance, DMV processing, payoffs and general loan maintenance.

May 19, 2023

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Loan Manager Salary By Experience Levels in Gary, IN

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RELEVANT JOB EXPERIENCE

Length of experience is a pay differentiator. Those with greater experience may have an advantage in negotiating salary. For those with less experience, other factors such as education or special skills could impact your pay. Please visit Professional Salary Report for more details.

Loan Manager Salary By Level of Education in Gary, IN

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LEVEL OF EDUCATION

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Average Salary Range for Loan Manager in Gary, IN

Average Base Salary

Core compensation

148257

199772

177377

Average Total Cash Compensation

Includes base and annual incentives

163296

247647

202094

What is the average salary for Loan Manager in 2025?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Loan Manager in Gary, IN. The base salary for Loan Manager ranges from $148,257 to $199,772 with the average base salary of $177,377. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $163,296 to $247,647 with the average total cash compensation of $202,094.

View Average Salary for Loan Manager as table

	Average Salary	Average Salary Range
Base Salary	$177,377	$148,257 - $199,772
Bonus	$24,717	$15,039 - $47,875
Total Pay	$202,094	$163,296 - $247,647

* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.

* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.

Loan Manager Salary Near Gary, IN

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Gary, IN
CITY, STATE Hammond, IN	AVERAGE SALARY RANGE $148,337 - $199,880	COMPARE TO Gary, IN
CITY, STATE Oak Lawn, IL	AVERAGE SALARY RANGE $156,374 - $210,710	COMPARE TO Gary, IN
CITY, STATE Tinley Park, IL	AVERAGE SALARY RANGE $151,720 - $204,439	COMPARE TO Gary, IN
CITY, STATE Chicago, IL	AVERAGE SALARY RANGE $156,553 - $210,950	COMPARE TO Gary, IN
CITY, STATE Orland Park, IL	AVERAGE SALARY RANGE $152,053 - $204,887	COMPARE TO Gary, IN
CITY, STATE Cicero, IL	AVERAGE SALARY RANGE $156,553 - $210,950	COMPARE TO Gary, IN

See salaries for Loan Manager in locations close to Gary, IN. Pay for the same job may vary based on the location and on the location and on other factors such as the size of company, the industry, and other local conditions.

About Gary, Indiana

Gary is a city in Lake County, Indiana, United States, 25 miles (40 km) from downtown Chicago, Illinois. Gary is adjacent to the Indiana Dunes National Park and borders southern Lake Michigan. Gary was named after lawyer Elbert Henry Gary, who was the founding chairman of the United States Steel Corporation. The city is known for its large steel mills, and as the birthplace of the Jackson 5 music group. The population of Gary was 80,294 at the 2010 census, making it the ninth-largest city in the state of Indiana. It was a prosperous city from the 1920s through the mid-1960s due to its booming ...

Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia

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