How much does a Commercial Loan Clerk make in Elgin, IL?
As of March 01, 2025, the average annual salary for a Commercial Loan Clerk in Elgin, IL is $46,157. According to Salary.com, salaries can range from a low of $38,809 to a high of $53,196, with most professionals earning between $42,311 and $49,841.
How much does a Commercial Loan Clerk make by hour, week, month, and year?
Salary.com provides you with accurate and diversified Commercial Loan Clerk salary data based on specialized databases to help you get a fairer salary.
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Last Updated on March 01, 2025
|
Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
75th Percentile |
$48,296 |
$4,025 |
$929 |
$23 |
Average |
$44,726 |
$3,727 |
$860 |
$22 |
25th Percentile |
$40,999 |
$3,417 |
$788 |
$20 |
Last Updated on March 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 $43,976.
With less than 2 years of experience, a mid-level Commercial Loan Clerk makes around $44,263.
After 2-4 years, the Commercial Loan Clerk pay rises to about $46,542.
Those senior Commercial Loan Clerk with 5-8 years of experience earn roughly $49,017, and those Commercial Loan Clerk having 8 years or more experience are expected to earn about $49,182 on average.
Levels |
Salary |
Entry Level Commercial Loan Clerk
|
$43,976
|
Intermediate Level Commercial Loan Clerk
|
$44,263
|
Senior Level Commercial Loan Clerk
|
$46,542
|
Specialist Level Commercial Loan Clerk
|
$49,017
|
Expert Level Commercial Loan Clerk
|
$49,182
|
$43,976
0 yr
$44,263
< 2 yrs
$46,542
2-4 yrs
$49,017
5-8 yrs
$49,182
> 8 yrs
Last Updated on March 01, 2025
Entry Level
|
2%
|
Mid Level
|
1%
|
Senior Level
|
4%
|
Top Level
|
10%
|
Experienced
|
10%
|
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Last Updated on March 01, 2025