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$38,145

Average Base Salary

$18/hr

Average Hourly Rate

$790

Average Bonus
The average banking & commercial loan processing clerk salary in Alabama, United States is $38,145 or an equivalent hourly rate of $18. This is 10% lower (-$4,459) than the average banking & commercial loan processing clerk salary in the United States. In addition, they earn an average bonus of $790. Salary estimates based on salary survey data collected directly from employers and anonymous employees in Alabama, United States.
Salary by Experience

$29,802

Entry Level Salary

$44,743

Senior Level Salary
An entry level banking & commercial loan processing clerk (1-3 years of experience) earns an average salary of $29,802. On the other end, a senior level banking & commercial loan processing clerk (8+ years of experience) earns an average salary of $44,743.

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Job Description
Interview loan applicants to elicit information; investigate applicants' backgrounds and verify references; prepare loan request papers; and forward findings, reports, and documents to appraisal department. Review loan papers to ensure completeness, and complete transactions between loan establishment, borrowers, and sellers upon approval of loan.

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About the Data

The above data is a data available in ERI Economic Research Institute's Global Salary Calculator. The Global Salary Calculator provides compensation data for over 45,000 positions in 8,000+ cities in 69 countries. Try a free demo of the cloud-based Global Salary Calculator.

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