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Loan Clerk Installment Salary
in Chesapeake, Virginia

This page is an excerpt of the much more complete compensation information available in ERI's Assessor Series.

$46,084 (USD)

Average Salary

$22/hr

Average Hourly

$853

Average Bonus

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Salary Recap

The average pay for a Loan Clerk Installment is $46,084 a year and $22 an hour in Chesapeake, Virginia, United States. The average salary range for a Loan Clerk Installment is between $34,379 and $54,287. On average, a Bachelor's Degree is the highest level of education for a Loan Clerk Installment. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in Chesapeake, Virginia.

ERI's compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.

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Salary Potential

Estimated salary in 2029:
$51,765
5 Year Change:
12 %

Shift Differentials

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About Chesapeake, Virginia

Chesapeake Cost of Living Score:

Description: Chesapeake is an independent city in Virginia, United States. At the 2020 census, the population was 249,422, making it the second-most populous city in Virginia, the tenth largest in the Mid-Atlantic, and the 89th-most populous city in the United States. Chesapeake is included in the Hampton Roads metropolitan area. One of the cities in the South Hampton Roads, Chesapeake was organized in 1963 by voter referendums approving the political consolidation of the city of South Norfolk with the remnants of the former Norfolk County, which dated to 1691. (Much of the territory of the county had been annexed by other cities...
Description:
  • Processes applications of individuals applying for loans.
  • Ensures effective and efficient administration of installment loan by the timely and accurate processing of all documents and entries, in accordance with regulatory compliance.
  • Assembles loan documents, handles paperwork associated with loans, and ensures all information is complete and verified.
  • Assists in preparation of loan documents, financial statement, and loan analysis.
  • Avoids possible loss by ensuring all loans are processed within the policies and processes established by the organization.

Loan Clerk Installment Job Listings for

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Salary Recap

The average pay for a Loan Clerk Installment is $46,084 a year and $22 an hour in Chesapeake, Virginia, United States. The average salary range for a Loan Clerk Installment is between $34,379 and $54,287. On average, a Bachelor's Degree is the highest level of education for a Loan Clerk Installment. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in Chesapeake, Virginia.

ERI's compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.

Find actuarial salary survey data and benchmark salary and pay.

Powered by ERI's Database

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Job Statistics

Loan Clerk Installment Job Prevalence in the United States

Job family: Loan Interviewers and Clerks

Job family population: 203,940

Estimated population of Loan Clerk Installment jobs: 22,026

Rate of error: 0.9%

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Loan Clerk Installment
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Chesapeake Cost of Living Score:

Description: Chesapeake is an independent city in Virginia, United States. At the 2020 census, the population was 249,422, making it the second-most populous city in Virginia, the tenth largest in the Mid-Atlantic, and the 89th-most populous city in the United States. Chesapeake is included in the Hampton Roads metropolitan area. One of the cities in the South Hampton Roads, Chesapeake was organized in 1963 by voter referendums approving the political consolidation of the city of South Norfolk with the remnants of the former Norfolk County, which dated to 1691. (Much of the territory of the county had been annexed by other cities...
Description:
  • Processes applications of individuals applying for loans.
  • Ensures effective and efficient administration of installment loan by the timely and accurate processing of all documents and entries, in accordance with regulatory compliance.
  • Assembles loan documents, handles paperwork associated with loans, and ensures all information is complete and verified.
  • Assists in preparation of loan documents, financial statement, and loan analysis.
  • Avoids possible loss by ensuring all loans are processed within the policies and processes established by the organization.
No listings found

Take the guess work out of setting pay

Determine competitive salary levels, compare employee compensation with market benchmarks, and get instant access to reliable salary survey data online.

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National Compensation Forecast October 2024
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ERI examines compensation trends and changes for the upcoming year to provide guidance on the expected salary increase for the upcoming year.
Read More
Remote Work, AI, and Compensation Best Practices Survey Results - Spring 2024
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Learn how remote work and artificial intelligence changes how organizations approach labor and compensation practices.
Read More
Planning Global Compensation Budgets for 2025
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Learn about current global salary trends and salary increases in 2024 to strategically inform your financial planning decision for the upcoming year.
Read More

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Explore our most popular jobs
View our most popular salary searches and other resources