Tower Loan reviews

3.4

59% would recommend to a friend

(452 total reviews)

Francis C. Lee

61% approve of CEO

61% positive business outlook

Tower Loan has an employee rating of 3.4 out of 5 stars, based on 452 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Tower Loan employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

452 reviews
2.0
Mar 9, 2017

No work/life balance.

Recommend
CEO approval
Business Outlook

Pros

The pay is better than a handful of their direct competitors in sub prime lending. The benefits are good as well.

Cons

Long hours. You get fired if you don't agree to relocate for your first promotion that could be 6 plus hours away from home. They make you sign a contract for your relocation bonus and put you under a 2 year non compete clause. That's 2 years that you can't work for another loan/ sales finance company within a 75 mile radius of any office you worked at. Supervisors can be very inconsiderate by expecting you to field call alone in dangerous areas or in poor conditions like snow. They rarely let you use all of your vacation days. They have been known to cancel them last minute even when people had rooms and flights booked. They look at you as a number. Interest rates are very high. You're expected to push to sell these loans to people that can get a loan at their bank or credit union as well as the people who have riskier credit.

2.0
Mar 4, 2017

Equivalent to a Circus

Recommend
CEO approval
Business Outlook

Pros

The pay is ok. Easy work, small work space with a small group of people. A hour lunch is always a plus

Cons

Unorganized Rude Scam Judgmental, don't seem to actually have a clue of what's really going at tower loan, poor management, the manager doesn't teach the manager trainees, a gossip house

1.0
Feb 28, 2017

very shady company

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

absolutely nothing I can think of.

Cons

one of the most unprofessional companies.

Viewing 337 - 339 of 452 Reviews

Glassdoor has 456 Tower Loan reviews submitted anonymously by Tower Loan employees. Read employee reviews and ratings on Glassdoor to decide if Tower Loan is right for you.