Canara Bank Loan Officer Salaries by 5 Employees (Updated 2025)

1 - 8 years exp.

₹1.4 Lakh - ₹10 Lakhs

Low Confidence

Salary of majority employees

115% more than the average Loan Officer Salary in Banking Companies for 1 - 8 years of experience

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Last Updated: 18 Jan 2025

Companies similar to Canara Bank for Loan Officer

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Loan Officer Salary 0 - 5 years exp. (107 salaries)	₹1.2 L/yr - ₹5 L/yr 48% less
RBL Bank Loan Officer Salary 0 - 5 years exp. (48 salaries)	₹1.2 L/yr - ₹3.5 L/yr 67% less
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IDFC FIRST Bank Loan Officer Salary 0 - 5 years exp. (43 salaries)	₹1 L/yr - ₹3.8 L/yr 58% less
IndusInd Bank Loan Officer Salary 0 - 5 years exp. (33 salaries)	₹1.5 L/yr - ₹4.2 L/yr 53% less
Axis Bank Loan Officer Salary 0 - 5 years exp. (32 salaries)	₹1.6 L/yr - ₹3.3 L/yr 64% less	2 job openings
Bandhan Bank Loan Officer Salary 0 - 6 years exp. (27 salaries)	₹1.7 L/yr - ₹4.1 L/yr 52% less
ICICI Bank Loan Officer Salary 1 - 8 years exp. (25 salaries)	₹1.8 L/yr - ₹6 L/yr 51% less
Kotak Mahindra Bank Loan Officer Salary 0 - 6 years exp. (14 salaries)	₹2 L/yr - ₹3 L/yr 58% less
State Bank of India Loan Officer Salary 1 - 8 years exp. (13 salaries)	₹2.3 L/yr - ₹5.1 L/yr 27% less
IDBI Bank Loan Officer Salary 0 - 11 years exp. (7 salaries)	₹2 L/yr - ₹7 L/yr 2% more
AU Small Finance Bank Loan Officer Salary 1 - 5 years exp. (7 salaries)	₹1.3 L/yr - ₹3.2 L/yr 64% less
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Bank of Baroda Loan Officer Salary 5 - 6 years exp. (4 salaries)	₹7 L/yr - ₹12 L/yr 67% more
Punjab National Bank Loan Officer Salary 1 - 10 years exp. (4 salaries)	₹4.6 L/yr - ₹7.5 L/yr 2% more
Standard Chartered Loan Officer Salary 1 - 6 years exp. (3 salaries)	₹1.6 L/yr - ₹12 L/yr 4% more

Loan Officer salary at Canara Bank ranges between ₹1.4 Lakh to ₹10 Lakhs per year for employees with experience between 1 year to 8 years. Salary estimates are based on 5 latest salaries received from various employees of Canara Bank.

Experience wise Canara Bank Loan Officer salaries

Last Updated: 18 Jan 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹1.4 L/yr - ₹2.8 L/yr
2 years (AmbitionBox Estimate)	₹1.4 L/yr - ₹5 L/yr
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3 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹6 L/yr
4 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹6.1 L/yr
5 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.6 L/yr
6 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹10 L/yr
7 years (AmbitionBox Estimate)	₹8.2 L/yr - ₹10.4 L/yr
8 years (AmbitionBox Estimate)	₹9 L/yr - ₹18 L/yr

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Salary related reviews for Canara Bank

2.7

Rated by 2 employees for salary & benefits

Branch Manager in Baghpat

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 09 Sep 2024

1.0

for Salary and Benefits

Likes

PSB salary on time

Dislikes

The worst bank for any employee. No proper infrastructure but wants 100 percent output.Accute staff shortage leading to higher customer dissatisfaction. No work life balance. Not good for Hindi speaking people.

Salary - Bad

+6 more

Accountant in Bangalore / Bengaluru

Finance & Accounting Department

1.0

• posted on 30 Jun 2022

1.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow. There is a bond of 2 years before which you cannot resign. On the job training is not given to new joinees.

Salary - Bad

+6 more

Branch Manager

Finance & Accounting Department

4.0

• posted on 23 Mar 2019

4.0

for Salary and Benefits

Likes

...security.good carrier growth opportunity. best training programmes are provided.good salary. friendly working environment with latest technology up gradation.

Salary - Good

+5 more

Dislikes

work pressure is very high. no working time limit for officers

Chief Manager in Ernakulam

Full Time

Other Department

3.0

• posted on 18 Jan 2025

4.0

for Salary and Benefits

Likes

Salary is good now due to bipartite settlements . Now new PLI is also introduced by Finance Ministry for levels above executive cadre

Salary - Good

+2 more

Dislikes

Work culture is too bad. Looks good ONLY from outside. Those who don't care of their ego , self esteem , family life, health can still enjoy working here by listening anything from their Management.

Work satisfaction - Poor

+2 more

Officer in Bhopal

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 24 Oct 2024

4.0

for Salary and Benefits

Likes

Working in PSB is satisfied in point of job security and also good salary package.

Salary - Good

+3 more

Dislikes

Learning process is slow because only single officer handel all type of branch work like loan assessment MSME loan Retail loan agriculture loan SMA follow up NPA management etc

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Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Canara Bank Loan Officer Salary FAQs

What is the salary of Loan Officer at Canara Bank ?

The average salary of a Loan Officer at Canara Bank in India typically ranges from ₹1.4 Lakhs to ₹10.0 Lakhs per year, depending on experience (from 1 year to 8 years).

The top 10% of Loan Officer at Canara Bank earn more than ₹10.0 Lakhs per year, and the top 1% earn over ₹10.0 Lakhs per year. Loan Officer Salaries at Canara Bank can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 5 Canara Bank employees in India.

What is the estimated take home salary of a Loan Officer at Canara Bank in India?

The estimated take-home salary of a Loan Officer at Canara Bank in India typically ranges from ₹44,752 to ₹45,847 per month. This is based on the average salary range of ₹1.4 Lakhs to ₹10.0 Lakhs per year for employees with experience ranging from 1 year to 8 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 5 salaries received from various employees of Canara Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Canara Bank for Loan Officer in India?

Bank of Baroda	₹7.0 Lakhs to ₹12.0 Lakhs per year
Standard Chartered	₹1.6 Lakhs to ₹12.0 Lakhs per year
Punjab National Bank	₹4.6 Lakhs to ₹7.5 Lakhs per year
IDBI Bank	₹2.0 Lakhs to ₹7.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Canara Bank, depending on the role and experience level.

What is the salary of a Loan Officer in companies similar to Canara Bank in India?

The salary of a Loan Officer at companies similar to Canara Bank in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

State Bank of India	₹2.3 Lakhs to ₹5.1 Lakhs per year
HDFC Bank	₹1.2 Lakhs to ₹5.0 Lakhs per year
ICICI Bank	₹1.8 Lakhs to ₹6.0 Lakhs per year
Bandhan Bank	₹1.7 Lakhs to ₹4.1 Lakhs per year
IndusInd Bank	₹1.5 Lakhs to ₹4.2 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Loan Officer at Canara Bank in India?

The salary growth for a Loan Officer at Canara Bank depends on factors such as experience, performance, and promotions. On average, a Loan Officer can expect the following growth trajectory at Canara Bank:

Experience	Average Salary Range
1 year	₹1.4 Lakhs to ₹2.8 Lakhs per year
2 years	₹1.4 Lakhs to ₹5.0 Lakhs per year
3 years	₹1.6 Lakhs to ₹6.0 Lakhs per year
4 years	₹4.8 Lakhs to ₹6.1 Lakhs per year

and so on.

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Canara Bank Loan Officer Salaries

Canara Bank Loan Officer salary in India ranges between ₹1.4 Lakh to ₹10 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Canara Bank latest salaries received from various employees of Canara Bank.