Consumer Loan Manager salary in Canada

Average Yearly Salary of Consumer Loan Manager in Canada is approximately 63,757 CAD (64,032 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Consumer Loan Manager do?

A consumer loan manager is responsible for overseeing and managing the consumer loan department of a financial institution. They are responsible for evaluating loan applications, determining creditworthiness, and making lending decisions. Consumer loan managers also develop and implement loan policies and procedures, ensuring compliance with regulatory requirements. They work closely with loan officers and underwriters to ensure efficient loan processing and excellent customer service. Additionally, they monitor loan portfolio performance, identify potential risks, and implement strategies to mitigate those risks. Strong analytical skills, knowledge of lending regulations, and excellent communication skills are essential for success in this role.

Skills: consumer loan manager, lending decisions, loan portfolio management, risk mitigation, regulatory compliance, customer service
Job industry: Finance

How much does Consumer Loan Manager make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Consumer Loan Manager a well paid job?

Yes, our data show that Consumer Loan Manager is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Consumer Loan Manager?

High salary for Consumer Loan Manager would be somewhere between 70,133 CAD and 92,448 CAD. However this is an estimation based on Gaussian Distribution.

How much can you save working as Consumer Loan Manager in Canada?

Living in Canada the approximate monthly expenses are: 2,118 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 63,757 CAD
Estimated Monthly Salary: 5,313 CAD
Estimated Weekly Salary: 1,226 CAD per week
Estimated Hourly Salary: 31 CAD per hour
By working as Consumer Loan Manager a person can save up to 3,218 USD per month or 38,611 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Canada, see costs of living in Canada.

Salary comparison to region and neighbouring coutries

Country's neighbours are: United States of America.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Consumer Loan Manager

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Canada

Data as of 2025

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