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
5.0
May 4, 2017

Manager Trainee

Recommend
CEO approval
Business Outlook

Pros

You work with people who actually want to see you succeed and will help you get there. They do on the job training and teach you everything you will need to become a successful branch manager. I love my job and the people that I work with.

Cons

So far I have not had a negative experience with Tower Loan!

1.0
Apr 7, 2017

Loan manager trainee

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Nothing. This company is absolutely terrible.

Cons

The management with this company is awful. Many of the upper managers micromanage and do not know how to be respectful to their employees or the customers. The company forces employees to push "optional" insurance on the loans. If you have any sense of morality I would suggest you not work here.

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.

Viewing 67 - 69 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.