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lending tower loans reviews

Unveiling the Truth: Honest Reviews of Lending Tower Loans and Useful Customer Insights

lending tower loans reviews

Introduction

In the world of lending and financial services, there are many options available for those in need of loans. However, not all lenders are created equal. When it comes to finding a trustworthy and reliable lender, it is essential to do thorough research and read reviews from other borrowers. In this article, we will be diving into the world of tower loans and providing a comprehensive review of their services based on customer reviews.

What is Tower Loans?

Tower Loans is a private financial institution that specializes in personal installment loans. Founded in 1936, they have over 80 years of experience in the lending industry and have grown to have over 230 branches across the United States. With a focus on providing personal loans to individuals with various credit backgrounds, Tower Loans offers competitive interest rates and flexible repayment terms.

Application Process

The application process for Tower Loans is straightforward and can be completed either online or in person at one of their branches. The first step is to fill out an online application or visit a branch location. The application will require personal information such as your name, address, employment details, and income.

Once the application is submitted, a loan specialist will review it and contact you for further information. If you are approved, the funds will be deposited into your bank account within 1-2 business days or can be picked up at a branch location. It is worth noting that Tower Loans does perform a credit check as part of the application process.

Loan Terms and Rates

One of the biggest advantages of Tower Loans is their flexibility in loan terms and rates. They offer personal loans ranging from $500 to $10,000 with repayment terms of 12 to 48 months. Their interest rates are also quite competitive, with APRs starting at 9.95% and going up to 35.99%, depending on the borrower's creditworthiness.

Customer Service

One of the main factors that separate Tower Loans from other lenders is their excellent customer service. Borrowers have consistently praised the company for their friendly and helpful loan specialists who are willing to guide them through the process and answer any questions they may have. Additionally, Tower Loans has a responsive customer service team available to assist borrowers with any concerns or issues they may have.

Online Reviews

Upon researching customer reviews for Tower Loans, it is clear that the majority of borrowers have had positive experiences with the company. Many praised the company for their easy application process, competitive rates, and helpful loan specialists. However, there were a few negative reviews regarding the high-interest rates and the strict requirements for loan approval.

Pros and Cons

Like any other financial institution, Tower Loans has its strengths and weaknesses. Here is a summary of the pros and cons of borrowing from Tower Loans based on customer reviews.

Pros:

- Quick and easy application process

- Flexible loan terms and competitive rates

- Friendly and helpful loan specialists

- Excellent customer service

- Can help improve credit score when payments are made on time

Cons:

- High-interest rates for those with lower credit scores

- Strict requirements for loan approval

Final Thoughts

Tower Loans is a reputable lender with over 80 years of experience in the lending industry. Their flexible loan terms, competitive rates, and excellent customer service make them a top choice for borrowers in need of personal installment loans. However, it is important to consider the potential high-interest rates and strict requirements for loan approval when deciding if Tower Loans is the right lender for you. As with any financial decision, it is essential to do thorough research and carefully consider all options before making a final decision.

 

 

 
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