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Commercial Loan Clerk Salary in Chicago, IL

What is the salary range of a Commercial Loan Clerk?

As of August 01, 2025, the average annual salary for a Commercial Loan Clerk in Chicago, IL ranges from $43,044 (25th percentile) to $50,189 (75th percentile), with a median annual salary of $46,482 and an hourly rate of $22. A Commercial Loan Clerk's salary is shaped by several key factors, including experience level, specific skills, industry differences, company size, and more. Below, we'll explore how each of these influences compensation.

View as table View as graph 25% $43,044 10% $39,914 90% $53,564 75% $50,189 $46,482 50%(Median) Didn’t find job title? Click

Commercial Loan Clerk Salaries by Percentile

Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $50,189 $4,182 $965 $24
Average $46,482 $3,874 $894 $22
25th Percentile $43,044 $3,587 $828 $21
500+ Commercial Loan Clerk job openings Go >

How much does a Commercial Loan Clerk make by hour, week, month, and year?

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Last Updated on August 01, 2025

How does experience level affect a Commercial Loan Clerk's Salary?

An entry-level Commercial Loan Clerk with under 1 year experience makes about $44,532. With less than 2 years of experience, a mid-level Commercial Loan Clerk makes around $44,789. After 2-4 years, the Commercial Loan Clerk pay rises to about $46,870. Those senior Commercial Loan Clerk with 5-8 years of experience earn roughly $49,359, and those Commercial Loan Clerk having 8 years or more experience are expected to earn about $49,525 on average.

Levels Salary
Entry Level Commercial Loan Clerk $44,532
Intermediate Level Commercial Loan Clerk $44,789
Senior Level Commercial Loan Clerk $46,870
Specialist Level Commercial Loan Clerk $49,359
Expert Level Commercial Loan Clerk $49,525
$44,532 0 yr
$44,789 < 2 yrs
$46,870 2-4 yrs
$49,359 5-8 yrs
$49,525 > 8 yrs
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What are the Highest Paying Cities in Illinois for Commercial Loan Clerk

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Best-Paid Skills and Qualifications for Commercial Loan Clerk

What skills does a Commercial Loan Clerk need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
  2. Microsoft Word: Microsoft Word or MS Word is a popular word-processing program used mainly for creating documents, such as brochures, letters, learning activities, quizzes, tests, and students' homework assignments
  3. Commercial Banking: Is a profit oriented banking by providing loans to customers and charging interest. The bank’s funds come from money deposited by the bank customers in saving accounts, checking accounts, money market accounts, and certificates of deposit (CDs).
See More Skills
Skills Demand Percentage
Customer Service 7.9%
Microsoft Word 1.8%
Commercial Banking 1.34%
What skills can make your compensation higher?
Mastering certain skills can make the compensation of a Commercial Loan Clerk higher. Salary.com's Real-time Job Posting Salary Data provides you the latest highly compensated skills to help you get a higher pay. For example, if you master Analytical Skills, you can get a 35% salary raise. If you are good at Spreadsheet Software, your salary will increase by 29%. If you are expert in Leadership, your salary will rise by 23%.
Skill Salary Salary % Increase
Analytical Skills
$62,751
35%
Spreadsheet Software
$59,962
29%
Leadership
$57,173
23%
Economics
$56,708
22%
Customer Relations
$56,708
22%
Communicates Effectively
$55,779
20%

Job openings of Commercial Loan Clerk

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Cost of Living In Chicago, IL

Cost of Living in Chicago, IL is
12.4% Higher
than the National Average

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About Our Data

Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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