Commercial Loan Assistant Salaries in Illinois
How Much Does a Commercial Loan Assistant Make in Illinois?
Updated March 01, 2025
As of March 01, 2025,
the average annual pay of Commercial Loan Assistant in Illinois is $55,651.
While Salary.com is seeing that Commercial Loan Assistant salary in IL can go up to $73,574
or down to $40,579, but most earn between $47,762 and $65,032.
Salary ranges can vary widely depending on many important factors,
including education, certifications, additional skills, and your experience levels.
With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Related Job Titles to Commercial Loan Assistant
Commercial Real Estate Loan Assistant Manager
$167,500
Illinois
Per Year
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Similar Job Salaries to Commercial Loan Assistant by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
Servbank
Commercial Senior Loan Processor
|
$68,577/yr
|
RANGE: $58,712 - $78,443
|
|
Hickory Point Bank
Commercial Loan Services Representative
|
$68,396/yr
|
RANGE: $57,363 - $79,429
|
|
Busey
Commercial Loan Documentation Specialist
|
$66,287/yr
|
RANGE: $56,268 - $76,307
|
|
First Mid
Senior Commercial Loan Officer
|
$126,889/yr
|
RANGE: $95,900 - $157,879
|
|
The Agency
Commercial Loan Processor
|
$67,150/yr
|
RANGE: $57,446 - $76,855
|
|
ABOC
Commercial Loan Administration Manager
|
$84,066/yr
|
RANGE: $70,210 - $97,921
|
Top 10 Highest Paying Cities For Commercial Loan Assistant Jobs in Illinois
It is important to understand how location impacts your career prospects in the United States.
There are some cities where a Commercial Loan Assistant can find a job easily with a greater salary paid then achieve a higher standard of living.
Below is the top cities list for Commercial Loan Assistant job salaries in Illinois.
Some cities can pay higher salaries for Commercial Loan Assistant jobs, which can indicate that there is a large demand for Commercial Loan Assistant positions in this city.
The following table shows top 10 cities where the Commercial Loan Assistant salary is higher than other cities in Illinois.
Chicago takes first place in this list, followed by Cicero, Evanston.
The Commercial Loan Assistant salary is $57,065 in Chicago,
which is higher than the national average. There are 20 cities' Commercial Loan Assistant salary higher than national average in Illinois.
The average salary for a Commercial Loan Assistant in Illinois is $55,651,
but we found that the city with the highest salary for Commercial Loan Assistant jobs is Chicago, IL, and it is higher than Cicero.
Commercial Loan Assistant jobs in Chicago can have the opportunity to earn higher salaries than in other cities in Illinois.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Chicago | $57,065 | $4,755 | $1,097 | $27 |
| Cicero | $57,065 | $4,755 | $1,097 | $27 |
| Evanston | $57,065 | $4,755 | $1,097 | $27 |
| Oak Park | $57,065 | $4,755 | $1,097 | $27 |
| Skokie | $57,065 | $4,755 | $1,097 | $27 |
| Oak Lawn | $57,011 | $4,751 | $1,096 | $27 |
| Des Plaines | $56,902 | $4,742 | $1,094 | $27 |
| Mount Prospect | $56,847 | $4,737 | $1,093 | $27 |
| Aurora | $56,575 | $4,715 | $1,088 | $27 |
| Hoffman Estates | $56,575 | $4,715 | $1,088 | $27 |
What Does a Commercial Loan Assistant Do?
Commercial lending assistants also need outstanding verbal and written communication and customer service skills and the ability to stay organized and manage their time wisely.
Updated December 22, 2021
Your duties as a commercial lending assistant are to suggest loans that fit each client’s needs, review loan applications and other documents, and process loans for business clients.
Updated December 20, 2021
Loan Assistants act as a support primarily to multiple Commercial Loan Officers but may also assist Consumer and Residential Real Estate Loan Officers.
Updated December 15, 2021
Additional duties involve managing an existing commercial loan portfolio and knowing potential growth or risk within the portfolio.
Updated December 08, 2021
A commercial lending assistant works with business accounts to assist them with loans they need for business purposes.
Updated December 02, 2021
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Explore JobArchitectFrequently Asked Questions About a Commercial Loan Assistant Salaries
What is the average of a Commercial Loan Assistant in Illinois?
The Commercial Loan Assistant salary range is from $47,762 to $65,032, and the average Commercial Loan Assistant salary is $55,651/year in Illinois.
The Commercial Loan Assistant's salary will change in different locations.
Which location pays the highest Commercial Loan Assistant salary in the United States?
The Commercial Loan Assistant salary in San Jose, CA is $68,271
which is the highest in the US.
What kinds of reasons will influence the Commercial Loan Assistant's salary?
Besides the location, employees' education degree, related skills, and work experience also will influence the salary.
Try to improve your skills and experience to get a higher salary for the position of Commercial Loan Assistant.
What is the growth rate of the Commercial Loan Assistant's salary?
If you are thinking of becoming a Commercial Loan Assistant or planning the next step in your career, find the detailed salary report of a Commercial Loan Assistant.
