Average annual salary for most employees Salary comparison with similar companies Estimated monthly take-home salary56% more than the average Loan Officer Salary in Banking Companies for 1 - 8 years of experience
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Salaries in different departments
BFSI, Investments & Trading
Loan Officer Salary
4 - 8
years
exp.
(3
salaries)
|  ₹4.5 L/yr - ₹12 L/yr |
Administration & Facilities
Loan Officer Salary
4 - 5
years
exp.
(AmbitionBox Estimate)
| ₹2.1 L/yr - ₹3 L/yr |
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| |
Sales & Business Development
Loan Officer Salary
6
years
exp.
(AmbitionBox Estimate)
| ₹3.6 L/yr - ₹7.5 L/yr |
Companies similar to State Bank of India 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 
30%
less | |
 ICICI Bank Loan Officer Salary
1 - 8 years exp. (23 salaries) | ₹1.8 L/yr - ₹6 L/yr
32%
less | |
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| ||
 Axis Bank Loan Officer Salary
0 - 5 years exp. (32 salaries) | ₹1.6 L/yr - ₹3.3 L/yr
51%
less | 3 job openings |
 Punjab National Bank Loan Officer Salary
1 - 10 years exp. (4 salaries) | ₹4.6 L/yr - ₹7.5 L/yr 
41%
more | |
 Bank of Baroda Loan Officer Salary
5 - 6 years exp. (4 salaries) | ₹7 L/yr - ₹12 L/yr
130%
more | |
 Canara Bank Loan Officer Salary
1 - 8 years exp. (5 salaries) | ₹1.4 L/yr - ₹10 L/yr
37%
more | |
 IDBI Bank Loan Officer Salary
0 - 11 years exp. (7 salaries) | ₹2 L/yr - ₹7 L/yr
40%
more | |
 IndusInd Bank Loan Officer Salary
0 - 5 years exp. (33 salaries) | ₹1.5 L/yr - ₹4.2 L/yr
35%
less | |
 Kotak Mahindra Bank Loan Officer Salary
0 - 6 years exp. (14 salaries) | ₹2 L/yr - ₹3 L/yr
42%
less | |
 Federal Bank Loan Officer Salary
1 - 2 years exp. (4 salaries) | ₹1.3 L/yr - ₹3.5 L/yr
46%
less | |
 Bajaj Finance Loan Officer Salary
0 - 6 years exp. (14 salaries) | ₹1.3 L/yr - ₹3 L/yr
41%
less | |
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| ||
 Aditya Birla Finance Loan Officer Salary
1 - 10 years exp. (4 salaries) | ₹3 L/yr - ₹4.5 L/yr
11%
less | |
 Cholamandalam Investment & Finance Loan Officer Salary
0 - 5 years exp. (8 salaries) | ₹1.9 L/yr - ₹3.1 L/yr
39%
less | |
 IDFC FIRST Bank Loan Officer Salary
0 - 5 years exp. (44 salaries) | ₹1.5 L/yr - ₹3.8 L/yr
42%
less | |
 Bandhan Bank Loan Officer Salary
0 - 6 years exp. (27 salaries) | ₹1.7 L/yr - ₹4.1 L/yr
34%
less | |
 AU Small Finance Bank Loan Officer Salary
1 - 6 years exp. (7 salaries) | ₹1.3 L/yr - ₹3.2 L/yr
51%
less | |
 Standard Chartered Loan Officer Salary
1 - 6 years exp. (3 salaries) | ₹1.6 L/yr - ₹12 L/yr
43%
more | |
Latest annual salaries shared by State Bank of India Loan Officer
Experience wise State Bank of India Loan Officer salaries
Last Updated: 16 Mar 2025
| Experience | Avg Annual Salary |
|---|---|
| 1 year (3 salaries) |
₹2.3
L/yr
- ₹6.3
L/yr
|
| 2 years (3 salaries) |
₹2.3
L/yr
- ₹6.7
L/yr
|
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| |
| 3 years (AmbitionBox Estimate) |
₹2.3
L/yr
- ₹7.1
L/yr
|
| 4 years (AmbitionBox Estimate) |
₹3
L/yr
- ₹4.5
L/yr
|
| 5 years (AmbitionBox Estimate) |
₹3
L/yr
- ₹7.9
L/yr
|
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State Bank of India Loan Officer Salary FAQs
The top 10% of Loan Officer at State Bank of India earn more than ₹12.0 Lakhs per year, and the top 1% earn over ₹12.0 Lakhs per year. Loan Officer Salaries at State Bank of India 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 10+ State Bank of India employees 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 |
| Canara Bank | ₹1.4 Lakhs to ₹10.0 Lakhs per year |
These companies are known for offering competitive compensation packages that can exceed the salary offered by State Bank of India, depending on the role and experience level.
| Aditya Birla Finance | ₹3.0 Lakhs to ₹4.5 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.
| Experience | Average Salary Range |
|---|---|
| 1 year | ₹2.3 Lakhs to ₹6.3 Lakhs per year |
| 2 years | ₹2.3 Lakhs to ₹6.7 Lakhs per year |
| 3 years | ₹2.3 Lakhs to ₹7.1 Lakhs per year |
| 4 years | ₹3.0 Lakhs to ₹4.5 Lakhs per year |
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State Bank of India Loan Officer Salaries by Location
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State Bank of India Loan Officer salary
in
India
ranges between ₹2.3
Lakhs to ₹5.1
Lakhs with an average annual salary of
₹. Salary estimates are based on
13
State Bank of India latest salaries received from various employees of
State Bank of India.