FinanceGovernment / OECD · 96/1000–2 years
Entry Level Loan Officer Salary in Toronto
2026 · Recent graduates and professionals with under 2 years of experience.
$48,278/yr
Typical range: $43,176 – $57,109
P10–P25 · BLS OEWS employer payroll data
Loan Officer salary by experience level in Toronto
Loan Officer Salary Progression in Toronto
From entry-level through staff — based on BLS OEWS percentile data
| Experience Level | Years | Percentile | Annual Salary | Monthly | vs Entry |
|---|---|---|---|---|---|
| EntryThis page | 0 yrs | 0 yrs | $48,278 | $4,023 | — |
| Junior | 2 yrs | 2 yrs | $62,294 | $5,191 | +29% |
| Mid-Level | 4 yrs | 4 yrs | $72,676 | $6,056 | +51% |
| Senior | 6 yrs | 6 yrs | $87,523 | $7,294 | +81% |
| Staff | 10 yrs | 10 yrs | $126,145 | $10,512 | +161% |
| Principal | 14 yrs | 14 yrs | $171,619 | $14,302 | +255% |
| Distinguished | 18 yrs | 18 yrs | $182,987 | $15,249 | +279% |
Current Salary
$48,278
Entry Level · 0–2 years
Hourly: $23/hr
Next Level Target
$62,294
Junior · 2
+$14Kpotential uplift
Career Opportunity
16/100
High Risk
+6% demand · Moderate AI risk
Frequently Asked Questions
What is the entry level Loan Officer salary in Toronto, Canada?
Entry Level Loan Officers in Toronto, Canada earn approximately $48K per year (2026). This corresponds to the P10–P25 range of BLS OEWS employer payroll data.
How much does a entry level Loan Officer make per hour in Toronto, Canada?
Based on $48K annually, the hourly rate is approximately $23/hr (2,080-hour work year).
How do I get from entry level to senior Loan Officer in Toronto, Canada?
The typical progression takes 4–6 years with consistent skill development, project leadership, and strategic job moves. A senior Loan Officer in Toronto, Canada earns $106K–$140K/yr.