As of July 01, 2026, the average salary for a Loan Assistant in Minnesota is $55,429 per year, which breaks down to an hourly rate of $27.
However, a Loan Assistant's salary can vary significantly. Here’s a look at the typical salary range:
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Loan Assistant Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $58,786 | $4,899 | $1,131 | $28 |
| Average | $55,429 | $4,619 | $1,066 | $27 |
| 25th Percentile | $48,720 | $4,060 | $937 | $23 |
The Curare Group - Rochester, MN
The Curare Group - Minneapolis, MN
The Curare Group - Rochester, MN
The Curare Group - Rochester, MN
A Loan Assistant's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.
Experience is a primary driver of a Loan Assistant's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Levels | Salary |
|---|---|
| Loan Assi... Level Loan Assistant | $55,182 |
| Assistant... Level Loan Assistant | $68,408 |
| Branch Ma... Level Loan Assistant | $80,336 |
| Regional ... Level Loan Assistant | $234,735 |
| VP of Bra... Level Loan Assistant | $290,040 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Loan Assistants. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
For Loan Assistant roles, the industry you choose can affect earning potential by as much as 80% (the gap between the highest and lowest paying industries). Data shows that the Retail & Wholesale and Edu., Gov't. & Nonprofit sectors offer the strongest compensation, at 30% above the average. In contrast, Loan Assistant positions in Business Services or Financial Services typically offer lower base pay, as these industries often view Loan Assistant as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Retail & Wholesale | $72,058 | $35.0 | 30% |
| Edu., Gov't. & Nonprofit | $66,515 | $32.0 | 20% |
Understanding how a Loan Assistant's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $58,786 | $4,899 | $1,131 | $28 |
| Average | $55,429 | $4,619 | $1,066 | $27 |
| 25th Percentile | $48,720 | $4,060 | $937 | $23 |
Ready to take the next step in your career? Browse thousands of current Loan Assistant job openings on our job board. Use the search bar below to find your perfect match.
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