Tower Loan reviews

3.5

63% 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 3.5 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 3, 2016

Tower Loan=No Life!

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Good benefits Good perks Manager meetings are fun

Cons

Supervisors email you about every little thing Prepare to get cussed out by customers You have to chase to the customers houses if you don't get a promise to pay by phone Prepare to work whenever they tell you late nights or weekends at the last minute ; And it don't matter what you have or had planned..you have to cancel that. (All of this is for Missouri Tower Loans)

5.0
Nov 15, 2015

Great company to work for!

Recommend
CEO approval
Business Outlook

Pros

I was hired right out of college and then promoted to a branch manager in just 7 months. Tower provides excellent opportunities for advancement as they do almost all of their promotions from within the company. They also provide a very competitive salary with the ability to make monthly, quarterly, and yearly bonuses based on your performance. Tower also offers multiple benefits such as 401k, paid vacation, and free vacation condos just to name a few. Overall all if you work hard for Tower, then Tower will take care of you!

Cons

Tower does require you to relocate after you are promoted into management but will be right beside you to help make the move and transition as easy as possible. I have personally moved for Tower Loan 3 different times and Tower took care of everything each and every time.

5.0
Sep 30, 2015

Great career for goal oriented, hard workers

Recommend
CEO approval
Business Outlook

Pros

You control your own destiny. The harder you work , the better your pay and quality of life. Solid salaries with annual review for increase. Monthly and quarterly incentives performance based. Teamwork atmosphere. Get to teach others what you have learned. Service wide array of customers. Great benefits ranging from 401k to company housing for vacations.

Cons

Long hours and weekends. Relocation for advancement required. Tough collections. Field calling.

avatar
Tower Loan Response
10y
Thank you so much for your feedback! We are continually trying to find better ways to train all of our employees to help improve employee retention. That is a great point! In regards to the long hours and weekends, we truly want our employees to be able to get their job done during regular business hours, so they have the time to spend with friends and family. Once again, thank you for your feedback and if I can help in any way please let me know!
Viewing 40 - 42 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.