Mid-Level

Loan Teller

As a Loan Teller, you're the bank or credit union employee who handles loan-related transactions โ€” accepting payments, processing payoffs, posting late fees, handling disbursement transactions, and answering routine borrower questions. The work tends to live at the intersection of teller work and loan operations.

Career Level
Junior
Mid
Senior
Director
VP
Executive
Work Personality
C
E
S
R
I
A
Conventionalorganizing, detail-oriented
Enterprisingleading, persuading
Based on Holland Code framework
Job markets for Loan Tellers
Employment concentration ยท ~393 areas
Based on employment in related occupations
Mapped SOC categories:
BLS Occupational Employment Statistics
What it's like

What it's like to be a Loan Teller

A typical day involves processing loan payments (regular, partial, payoff), handling escrow or impound transactions on mortgages, posting fees and adjustments, and answering borrower questions about balances, due dates, and statements. You'll often identify situations that need to be referred โ€” borrowers in hardship, accounts heading toward delinquency, errors that need correction. Cash and check accuracy is non-negotiable.

Coordination involves loan operations, branch tellers, lending officers, collections when accounts go delinquent, and sometimes title or insurance companies on escrow matters. Posting accuracy directly affects borrower accounts โ€” errors can show up as missed payments or interest miscalculations.

People who tend to thrive here are accurate, comfortable with the procedural rhythm of loan transactions, and patient with borrowers who often need things explained. If you need varied creative work or strategic decision-making, the loan-teller rhythm can feel narrow. If you find satisfaction in handling specialized banking work cleanly and being the person borrowers trust to handle their loan correctly, the role can feel quietly steady within retail banking.

RelationshipsHigh
SupportAbove avg
IndependenceLower
Working ConditionsLower
AchievementLower
RecognitionLower
O*NET Work Values survey
โœฆ Editorial โ€” written by Truest from industry research and career patterns
Career Paths

Where this role sits in the broader career landscape โ€” and where it can take you.

$239K$179K$119K$60K$0KLower paying387 metro areas, sorted by salary level
All experience levels1
This level's estimated range
INDUSTRIES PAYING ABOVE AVERAGE
1 BLS OEWS May 2024 covers all Loan Tellers (SOC 43-3071.00), not just this title ยท BEA RPP 2023
* Top salaries exceed this figure. BLS caps reported wages at ~$240K to protect individual privacy in high-earning roles.
Exploring the Loan Teller career path? Truest helps you figure out if it's the right fit โ€” and plan your path forward.
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โœฆ Editorial โ€” career progression and interview guidance based on industry patterns
The Broader Landscape

Roles like this one sit within a broader occupational category. The numbers below reflect that full landscape โ€” helpful for context, but your specific experience will depend on level, specialty, and where you work.

$31Kโ€“$48K
Salary Range
10th โ€“ 90th percentile
339K
U.S. Employment
-12.9%
10yr Growth
30K
Annual Openings

How this category is changing

$64K$61K$59K$56K$53K201920202021202220232024$53K$64K
BLS OEWS May 2024 ยท BLS Employment Projections 2024โ€“2034

Skills & Requirements

Active ListeningSpeakingSocial PerceptivenessMonitoringReading ComprehensionCritical ThinkingService OrientationTime ManagementMathematicsWriting
O*NET OnLine ยท Bureau of Labor Statistics
43-3071.00

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Federal data: BLS Occupational Employment & Wage Statistics (May 2024) ยท BLS Employment Projections ยท O*NET OnLine
Truest editorial: Fit check, role profile, things that vary, advancement analysis, lateral moves, interview questions.