Commercial Loan Processor salary in Canada

Average Yearly Salary of Commercial Loan Processor in Canada is approximately 41,153 CAD (41,159 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Commercial Loan Processor do?

A commercial loan processor is responsible for facilitating the loan application process for businesses seeking financing from financial institutions. They gather and review all necessary documentation, such as financial statements, tax returns, and credit reports, to assess the borrower's creditworthiness. The loan processor prepares loan packages, including loan agreements and other legal documents, ensuring compliance with internal policies and regulatory requirements. They work closely with loan officers and underwriters, providing them with accurate and complete information to support the loan decision-making process. Additionally, commercial loan processors may assist in coordinating loan closings and disbursing funds to borrowers.

Skills: commercial loan processor, loan application, financial documentation, credit analysis, loan package preparation, regulatory compliance.
Job industry: Banking

How much does Commercial Loan Processor make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Commercial Loan Processor a well paid job?

No, our data shows that Commercial Loan Processor is typically not a well-paid job. The salary varies based on experience. Meaning that even though Commercial Loan Processor might be a low paying job, with experience the salary might increase to satisfactory levels.

What is considered a high salary for Commercial Loan Processor?

High salary for Commercial Loan Processor would be somewhere between 45,268 CAD and 59,672 CAD. However this is an estimation based on Gaussian Distribution.

How much can you save working as Commercial Loan Processor in Canada?

Living in Canada the approximate monthly expenses are: 2,118 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 41,153 CAD
Estimated Monthly Salary: 3,429 CAD
Estimated Weekly Salary: 791 CAD per week
Estimated Hourly Salary: 20 CAD per hour
By working as Commercial Loan Processor a person can save up to 1,312 USD per month or 15,738 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Canada, see costs of living in Canada.

Salary comparison to region and neighbouring coutries

Country's neighbours are: United States of America.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Commercial Loan Processor

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

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Data as of 2025

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