Salary Data

Retail Consumer Loan Officer Salary

How much does a Retail Consumer Loan Officer make in the United States?
Get the insights on the salary, benefits, education, and job description.
Salary Data for Retail Consumer Loan Officer

$60,278 (USD)/yr

$29 (USD)/hr

$2,007 (USD)/yr

$59,543 (USD)/yr

$29 (USD)/hr

$2,007 (USD)/yr

Job Description
Interviews applicants and studies, evaluates, and authorizes or recommends approval of customer applications for consumer loans, including vehicle loans, home improvement, home equity, personal, secured and unsecured, student loans, credit cards, etc.
The average retail consumer loan officer salary in United States is $60,278 or an equivalent hourly rate of $29. In addition, they earn an average bonus of $2,007. Salary estimates based on salary survey data collected directly from employers and anonymous employees in United States.
Compensation Data Based on Experience

$43,661 (USD)

$74,077 (USD)

Education

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Salary Potential

$69,879 (USD)

16 %

Based on our compensation data, the estimated salary potential for Retail Consumer Loan Officer will increase 16 % over 5 years.

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About The Data
The above data is a sample of data available in ERI's Global Salary Calculator. The Global Salary Calculator provides compensation data for over 45,000 positions in 8,000+ cities in 69 countries. If you need to calculate competitive levels of salaries, incentives and total compensation by industry, organization size and salary planning date, please view a demonstration version of ERI's Salary Assessor, which is used by the majority of the Fortune 500 for salary survey data and compensation planning.
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