Loan Officer
Annual salary range
₹1.7 Lakh - ₹6 Lakhs
Very High Confidence 
Very High Confidence means the data is based on a large number of latest salaries.
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Filter salaries byLoan Officer Salary in Mumbai (Updated 2025)
based on 158
latest salaries
• updated:
17 Mar 2025
Select an experience to get the exact salary
Salary of majority employees
Loan Officer Salary in Mumbai ranges between ₹1.7 Lakh to ₹6 Lakhs for less than 1 year of experience to 6 years of experience. Salary estimates are based on 158 latest salaries received from Loan...
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Top paying companies
Popular companies
Latest annual salaries
Salaries by experience
Jobs
available
Similar designations
Salary related reviews
Top interview questions
| Company name | Avg. annual salary | Open Jobs |
|---|---|---|
HDFC Bank Loan Officer Salary
2 years exp |  | |
Ujjivan Small Finance Bank Loan Officer Salary
2 years exp | | 4 job openings |
 Loan Officer Salary
2 years exp | | 1 job opening |
 Loan Officer Salary
2 years exp | | 60 job openings |
 Loan Officer Salary
2 years exp | | |
Is this list helpful? | ||
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| Company Name | Avg. annual salary | Open Jobs |
|---|---|---|
8 yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹2.2 L/yr - ₹2.8 L/yr | |
|
Fresher
.
Mumbai
(AmbitionBox Estimate)
|
₹0.2 L/yr - ₹0.3 L/yr | |
Login to view exact salary
| ||
|
1 yr
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹2.3 L/yr - ₹2.9 L/yr | |
2 yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹2.3 L/yr - ₹3 L/yr | |
2 yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹3.6 L/yr - ₹4.6 L/yr | |
11 yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹5.6 L/yr - ₹7.2 L/yr | |
5 yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹1.9 L/yr - ₹2.4 L/yr | |
2 yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹5.4 L/yr - ₹6.9 L/yr | |
Login to view exact salary
| ||
|
5 yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹2.2 L/yr - ₹2.8 L/yr | |
Latest annual salaries shared by Loan Officers
1d ago
Ujjivan Small Finance Bank
Loan Officer
6 years exp.
1d ago
NoBroker
Loan Officer
5 years exp.
2d ago
Tata Power
Loan Officer
2 years exp.
2d ago
Unity Small Finance Bank
Loan Officer
2 years exp.
2d ago
Axis Bank
Loan Officer
2 years exp.
2d ago
I Process Services
Loan Officer
4 years exp.
3d ago
AVIOM
Loan Officer
1 year exp.
3d ago
IDFC FIRST Bank
Loan Officer
4 years exp.
3d ago
Unity Small Finance Bank
Loan Officer
8 months exp.
3d ago
AVIOM
Loan Officer
2 years exp.
View all latest salaries
Loan Officer salaries by
| Years of experience | Avg. annual salary |
|---|---|
Fresher
(11
salaries)
| ₹1.5 L/yr - ₹4 L/yr |
1
year
(31
salaries)
| ₹1.3 L/yr - ₹3.6 L/yr |
Login to view exact salary
| |
2
years
(31
salaries)
| ₹1.7 L/yr - ₹6.5 L/yr |
3
years
(33
salaries)
| ₹1.8 L/yr - ₹4.9 L/yr |
4
years
(20
salaries)
| ₹1.8 L/yr - ₹4 L/yr |
View all salaries by experience
Loan Officer Jobs in Mumbai
Loan Officer
· 0-3 years
HDB Financial Services
₹2.3
L/yr
- ₹2.8
L/yr
Madurai
Loan Officer
· 1-5 years
Ujjivan Small Finance Bank
₹3
L/yr
- ₹4
L/yr
Noida
Loan Officer
· 1-6 years
Hdfc Sales
₹2.8
L/yr
- ₹3.3
L/yr
Bangalore / Bengaluru
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| ₹5 L/yr - ₹29.6 L/yr |
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| |
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years
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(644 salaries)
| ₹1.7 L/yr - ₹4 L/yr |
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exp.
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| ₹3.1 L/yr - ₹22.5 L/yr |
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exp.
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| ₹2.4 L/yr - ₹18.5 L/yr |
View more similar designations
Salary related reviews by similar designations like Loan Officer
HDB Financial Services
Sales Manager in Siwan
• posted on 25 Feb 2025
- Salary - Good
+1 more
Dislikes
No co-operate from any seniors. Do self each and every thing. Sales and collection. Target pressure is 100 % but support is 0%. Work starting time is 8.00am ending time not fixed.
read more- Skill development - Poor
+1 more
Bharat Financial Inclusion
Branch Manager in Kochi
• posted on 22 Feb 2025
Likes
...ff in BFIL and within a short period of time I was promoted to a branch manager. BFIL gives salary and incentive which no other company gives, they will pay salary exactly on 31st of every month. The package provided by them is very good like vehicle fuel charge, insurance.HR,IT,MS,PTC,and account's department team is very supportive.
read more- Salary - Excellent
+6 more
Dislikes
Evening Con call , late night work ,Working on holidays
Ujjivan Small Finance Bank
Branch Manager in Kolkata
• posted on 01 Apr 2025
Likes
Employee environment very good
- Skill development - Excellent
+5 more
HDFC Sales
Loan Officer in Thane
• posted on 26 Jan 2025
Likes
Salary on time, every year increment,job security
- Salary - Good
+2 more
Dislikes
No celebration,working on holiday nit give any extra for that day
HDFC Bank
Sales Manager in Vijayawada
• posted on 04 Jan 2025
Likes
strong brand reputation, good learning and development opportunities, a supportive work culture with helpful colleagues, competitive salary and incentives, and the potential for career growth within the organization
read more- Salary - Good
+6 more
Dislikes
Some challenges include high work pressure,
Top skills for Loan Officer
Loan Officer Salary In Other Locations
| Locations | Avg. annual salary |
|---|---|
New Delhi
Loan Officer
0 -
6
years
exp.
| ₹1.4 L/yr - ₹4.5 L/yr |
Bangalore / Bengaluru
Loan Officer
0 -
6
years
exp.
| ₹1.8 L/yr - ₹4.5 L/yr |
Login to view exact salary
| |
Kolkata
Loan Officer
0 -
6
years
exp.
| ₹1.3 L/yr - ₹3.5 L/yr |
Chennai
Loan Officer
0 -
6
years
exp.
| ₹1.3 L/yr - ₹4.2 L/yr |
Pune
Loan Officer
0 -
6
years
exp.
| ₹1.2 L/yr - ₹4.6 L/yr |
View More
Loan Officer Salary By Industries
| Industries | Avg. annual salary |
|---|---|
Financial Services Loan Officer
0 -
6
years
exp.
| ₹1.5 L/yr - ₹4 L/yr |
NBFC Loan Officer
0 -
6
years
exp.
| ₹1.5 L/yr - ₹3.6 L/yr |
Login to view exact salary
| |
Banking Loan Officer
0 -
6
years
exp.
| ₹1.6 L/yr - ₹4.1 L/yr |
Internet Loan Officer
0 -
6
years
exp.
| ₹1.2 L/yr - ₹4.8 L/yr |
Insurance Loan Officer
0 -
6
years
exp.
| ₹1.5 L/yr - ₹4.2 L/yr |
View More
Frequently Asked Questions (FAQS) about Loan Officer Salaries
What is the salary of a Loan Officer in India?
The salary of a Loan Officer in India varies based on experience, location, company & Industry.
On average, Loan Officer salaries ranges from ₹1.7 Lakhs to ₹6.0 Lakhs per year. Top companies and specialized roles may offer higher compensation.
The average starting salary is around ₹1.7 Lakhs to ₹6.0 Lakhs per year, with the highest salary reaching ₹1.4 Lakhs to ₹4.2 Lakhs per year. Salary estimates are based on 158 salaries received from various Loan Officers across industries.
The average starting salary is around ₹1.7 Lakhs to ₹6.0 Lakhs per year, with the highest salary reaching ₹1.4 Lakhs to ₹4.2 Lakhs per year. Salary estimates are based on 158 salaries received from various Loan Officers across industries.
What are the top paying companies that employ Loan Officers?
Loan Officer Salaries at Top paying companies in India are
Salaries depend on experience, role, and location. Additional compensation may include bonuses and stock options.
| HDFC Bank Loan Officer Salary | ₹1.4 Lakhs to ₹4.2 Lakhs per year |
| Ujjivan Small Finance Bank Loan Officer Salary | ₹1.7 Lakhs to ₹3.8 Lakhs per year |
| HDFC Sales Loan Officer Salary | ₹1.8 Lakhs to ₹4.1 Lakhs per year |
| Tata Capital Loan Officer Salary | ₹2 Lakhs to ₹3.1 Lakhs per year |
| Spandana Sphoorty Financial Loan Officer Salary | ₹1.4 Lakhs to ₹4 Lakhs per year |
What are the top paying cities for Loan Officer in India?
The annual salary for Loan Officer in India varies by location. Top paying cities for Loan Officer are
Salary expectations for Loan Officer may vary based on job roles, experience, and specific employer requirements.
| Loan Officer Salary in Chennai | ₹1.3 Lakhs to ₹4.2 Lakhs per year |
| Loan Officer Salary in Nagpur | ₹1.6 Lakhs to ₹4.5 Lakhs per year |
| Loan Officer Salary in Pune | ₹1.2 Lakhs to ₹4.6 Lakhs per year |
| Loan Officer Salary in Patna | ₹1.0 Lakhs to ₹3.4 Lakhs per year |
| Loan Officer Salary in Gurgaon / Gurugram | ₹2.1 Lakhs to ₹7.8 Lakhs per year |
What are the top paying industries for Loan Officer in India?
Top 5 paying Industries for Loan Officer in India are:
| Loan Officer Salary in Insurance | ₹1.5 Lakhs to ₹4.2 Lakhs per year |
| Loan Officer Salary in Banking | ₹1.6 Lakhs to ₹4.1 Lakhs per year |
| Loan Officer Salary in Banking / Insurance / Accounting | ₹1.3 Lakhs to ₹5.5 Lakhs per year |
| Loan Officer Salary in Financial Services | ₹1.5 Lakhs to ₹4.0 Lakhs per year |
| Loan Officer Salary in FinTech | ₹1.2 Lakhs to ₹4.5 Lakhs per year |
What are the fresher salaries as Loan Officer?
Fresher salaries for Loan Officer in India typically range from ₹1.5 Lakhs to ₹4 Lakhs per year, depending on the company, location, and skill set. Fresher salaries are generally higher in IT Industry than in other Industries in India.
How does experience affect salaries of a Loan Officer in India?
Experience significantly impacts a Loan Officer salary in India. Salaries increase with experience, as Loan Officer take on more complex tasks, responsibilities, and leadership roles.
Loan Officer salary at different experience level are as follows:
and so on.
| Experience | Average Salary Range |
|---|---|
| Fresher | ₹1.5 Lakhs to ₹4.0 Lakhs per year |
| 1 year | ₹1.3 Lakhs to ₹3.6 Lakhs per year |
| 2 years | ₹1.7 Lakhs to ₹6.5 Lakhs per year |
| 3 years | ₹1.8 Lakhs to ₹4.9 Lakhs per year |
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