Salary for
Commercial Loan Officer III in the United States

How much does a Commercial Loan Officer III earn in the United States? The average Commercial Loan Officer III salary in the United States is $118,626 as of March 28, 2019, but the range typically falls between $105,173 and $130,378. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.  View Cost of Living in Major Cities

Job Description

Solicits and services a variety of moderate to large size commercial loans. Interviews applicants and obtains information regarding earnings and financial condition to evaluate the applicant's creditworthiness. Approves or denies loan within established limits, or refers loan to loan committee for approval. Requires a bachelor's degree. Typically reports to a manager or head of a unit/department. Contributes to moderately complex aspects of a project. Work is generally independent and collaborative in nature. Typically requires 4 to 7 years of related experience.

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Salary range for a Commercial Loan Officer III
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Average Base Salary

Core compensation

 
 
 
105173
130378
118626

Average Total Compensation

Includes bonus, healthcare, and retirement

 
 
 
117051
153914
134170
These charts show the average base salary (core compensation), as well as the average total compensation for the job of Commercial Loan Officer III in the United States. The base salary for Commercial Loan Officer III ranges from $105,173 to $130,378 with the average base salary of $118,626. The total compensation, which includes bonus, health and retirement, can vary anywhere from $117,051 to $153,914 with the average total compensation of $134,170.
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105173
130378
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Career Path for this job

  1. Down a level:

    Commercial Loan Officer II

    2 - 4 years experience
    Bachelor's Degree

  2. This Job:

    Commercial Loan Officer III

    4 - 7 years experience
    Bachelor's Degree

  3. Up a level:

    Commercial Loan Officer IV

    7 + years experience
    Bachelor's Degree

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Job Openings for Commercial Loan Officer III