As of May 01, 2026, the average salary for a Retail Loan Processor in the United States is $47,258 per year, which breaks down to an hourly rate of $23.
However, a Retail Loan Processor's salary can vary significantly. Here’s a look at the typical salary range:
Compensation Planning
Develop a Job Description
Pay Equity
2025 Compensation Trend
AI Onboarding
AI-Powered Talent
Retail Loan Processor Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $57,107 | $4,759 | $1,098 | $27 |
| Average | $47,258 | $3,938 | $909 | $23 |
| 25th Percentile | $39,377 | $3,281 | $757 | $19 |
University of Toledo Federal Credit Union - Toledo, OH
The Croghan Colonial Bank - Fremont, OH
Farmers National Bank - Canfield, OH
Howard Hanna Real Estate Services - Cleveland, OH
A Retail Loan Processor's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how geographic location and company size can directly affect your earning potential.
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 Retail Loan Processors. 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:
Understanding how a Retail Loan Processor'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 | $57,107 | $4,759 | $1,098 | $27 |
| Average | $47,258 | $3,938 | $909 | $23 |
| 25th Percentile | $39,377 | $3,281 | $757 | $19 |
If your compensation planning software is too rigid to deploy winning incentive strategies, it’s time to find an adaptable solution.
Compensation PlanningReady to take the next step in your career? Browse thousands of current Retail Loan Processor job openings on our job board. Use the search bar below to find your perfect match.
Get a Salary Increase
Analyze the market and your qualifications to negotiate your salary with confidence.
Search Job Openings
Search thousands of open positions to find your next opportunity.
Adjust Employee Salary
Individualize employee pay based on unique job requirements and personal qualifications.
Price My Industry Jobs
Get the latest market price for benchmark jobs and jobs in your industry.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.
Salary.com's CompAnalyst platform offers:
