Salary for
Commercial Loan Officer I in Chicago, IL

How much does a Commercial Loan Officer I earn in Chicago, IL? The average Commercial Loan Officer I salary in Chicago, IL is $67,907 as of December 01, 2018, but the range typically falls between $59,208 and $76,965. 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. 

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Job Description

Solicits and services a variety of smaller commercial loans. Interviews applicants and obtains information regarding earnings and financial condition to evaluate the applicant's creditworthiness. Appr

Salary range for a Commercial Loan Officer I
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Understand the total compensation opportunity for a Commercial Loan Officer I, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
59208
76965
67907

Average Total Compensation

Includes bonus, healthcare, and retirement

 
 
 
61468
84408
72379
These charts show the average base salary (core compensation), as well as the average total compensation for the job of Commercial Loan Officer I in Chicago, IL. The base salary for Commercial Loan Officer I ranges from $59,208 to $76,965 with the average base salary of $67,907. The total compensation, which includes bonus, health and retirement, can vary anywhere from $61,468 to $84,408 with the average total compensation of $72,379.
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59208
76965
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Career Path for this job

  1. This Job:

    Commercial Loan Officer I

    0 - 2 years experience
    Bachelor's Degree

  2. Up a level:

    Commercial Loan Officer II

    2 - 4 years experience
    Bachelor's Degree

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Job Openings for Commercial Loan Officer I in Chicago, IL