▲4%
C$38,528
Avg. Base Salary (CAD)
/ year
Avg. Base Salary (CAD)
10%
CA$33k
MEDIAN
CA$39k
90%
CA$50k
The average salary for a Loan Officer is C$38,528 in 2025
Base Salary
C$33k - C$50k
Bonus
C$49 - C$3k
Total Pay
C$25k - C$46k
Is Average Entry-Level Loan Officer Salary in Canada your job title? Find out what you should be paid
Use our tool to get a personalized report on your market worth.What's this?
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What is the Pay by Experience Level for Loan Officers?
What Do Loan Officers Do?
Loan Officer Tasks
- Obtain and compile financial information to evaluate loan applications and their risk.
- Generate new clients and referrals through strong relationship building.
- Track and maintain credit and loan data.
- Work directly with clients to review agreements, explain programs, and negotiate loans and terms.
Find your market worth – how it works:
Common Health Benefits for a Loan Officer
Medical
79%
Dental
79%
Vision
57%
None
21%
Gender Breakdown for Loan Officers
Female
58.3%
Male
41.7%
This data is based on 12 survey responses. Learn more about the gender pay gap.
FAQs About Loan Officers
What is the highest pay for Loan Officers?
Our data indicates that the highest pay for a Loan Officer is CA$50k / year
What is the lowest pay for Loan Officers?
Our data indicates that the lowest pay for a Loan Officer is CA$33k / year
How can Loan Officers increase their salary?
Increasing your pay as a Loan Officer is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are a Loan Officer that oversees more junior Loan Officers, this experience can increase the likelihood to earn more.