A Loan Assistant earns an average wage of $13.05 per hour. Most people move on to other jobs if they have more than 20 years' experience in this career. The skills that increase pay for this job the most are Commercial Loans, Consumer Loans, and Loan Documents.
Loan Assistant Total Pay (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$24,216 - $43,672
(Median)
24K
32K
38K
44K
MEDIAN: $31,703
10%
50%
75%
90%
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Loan Assistant Total Pay (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$10.22 - $17.70
(Median)
10
12
15
18
MEDIAN: $13.00
10%
25%
75%
90%
Add this chart to your site

National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$15K$30K$45K
Salary
$24,216 - $43,672  
   
Bonus
$0.00 - $4,802  
Profit Sharing
$700 - $3,500  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$23,363 - $42,886  
PayScale
Country: United States | Currency: USD | Updated: 17 Apr 2014 | Individuals Reporting: 279
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$9$18$27
Hourly Rate
$10.22 - $17.70  
   
Overtime
$14.47 - $26.40  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$18K$36K$54K
Bonus
$0.00 - $4,802  
   
Profit Sharing
$700 - $3,500  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$23,363 - $42,886  
PayScale
Country: United States | Currency: USD | Updated: 17 Apr 2014 | Individuals Reporting: 279
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Job Description for Loan Assistant
  • Facilitate contract signings and closings, complying with all applicable laws.
  • Assist loan officers and collections with creating, collecting, and processing paperwork.
  • Complete due diligence and basic paperwork on loan applications, contracts and renewals.
  • Return phone calls and answer questions, including about the status of loans.
Popular Skills for Loan Assistant
Pay by Experience Level for Loan Assistant
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Related Job Salaries

Experience Affects Loan Assistant Salaries

Late-Career
up arrow 16%
Experienced
up arrow 14%
Mid-Career
up arrow 2%
National Average
$30,000
Entry-Level
up arrow 3%

Skills That Affect Loan Assistant Salaries

Commercial Loans
up arrow 31%
Consumer Loans
up arrow 27%
Loan Processing
up arrow 2%
Customer Service
up arrow 1%
National Average
$30,000
Job Satisfaction
Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 65 votes.
Gender
Female
85%
female alumni
 
Male
15%
male alumni
Years of Experience
Less than 1 year
9%
1-4 years
46%
5-9 years
23%
10-19 years
16%
20 years or more
7%
Common Health Benefits
medical benefits Medical: 80% dental benefits Dental: 65%
vision benefits Vision: 45% employee benefits None: 16%
Find Out Exactly What You Should Be Paid
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