Get cash without leaving your home!
Our online loans are meant for those who are looking for a fast way to borrow funds. If you don’t have the time to visit one of our many locations, we offer this quick & convenient process to apply for credit. Normally, if you apply within business hours, you can expect to hear a decision on your application within just minutes!
Tower Loan is one of the few consumer finance companies to have the capability to make an online loan! Sometimes there are unfortunate circumstances or life events that can cause a path to bad credit. At Tower Loan, we try to understand what caused those issues so we can help you get back on the right path. With our online loans, we make it super easy to apply online in 10 minutes or less.
When we tell new customers that they can apply for our loans online in as little as 10 minutes, we’re often met with a skeptical look. But it’s true.
To apply for a loan online, simply follow these three easy steps:
- Start the online application here so we can verify your email & obtain some personal, employment, and residence information.
- Answer 3-4 questions to verify your identity. You’ll receive an email stating whether you’re approved or declined.
- After you speak with a representative, you’ll receive a link to choose your loan terms & enter your bank information for deposit. Shortly after, you’ll sign your documents electronically via an email link and then voila- you’re done!
Before beginning your online application, however, we encourage you to review our requirements below. These are mandatory prerequisites that we require from all applicants.
- Applicants must be at least 18 years of age (19 in the state of Alabama)
- Must reside in one of the areas Tower Loan services
- Must be employed or have a regular source of income
- Must have a valid email my response address and a savings/checking account
Why Apply for an Online Loan
The reasons to apply for a loan are as unique and diverse as the individuals who request them. Every person’s financial situation is different. And there are countless factors that influence the decision to borrow funds.
At Tower Loan, we know that 4 out of every 5 American workers are living paycheck to paycheck. This means that when unexpected expenses arise, the majority of US families simply do not have the financial means to absorb the cost.
Whether it’s a leaking roof that requires immediate repair, buying much-needed baby gear and furniture in preparation for the birth of a child, or covering monthly bills while transitioning from one job to another- online loans are the safety net many Americans rely on when they are faced with an urgent financial need.
Additionally, online loans offer a level of convenience that many traditional banks and institutions are unable to provide. For instance, a person looking to take out a loan can apply to Tower Loan from anywhere they have an internet connection, eliminating the need to travel to an office, take time off work during business hours, or wait until the doors of a physical location are open.
We want our valued customers to have access to financial support when it is needed most, and not a minute later. By making our application process as accessible and as simple as possible, we help our clients avoid the stress and potential turmoil that is so often experienced during times of economic hardship.
Why choose Tower Loan?
Tower Loan has been helping our customers since 1936. Since all of our loans have equal installment payments, there’s no worry about getting lost in revolving debt. Unlike most online lenders, Tower Loan has a physical presence right there in or near your community. This helps anytime you have issues & would like to speak with someone face to face. Tower Loan has over 230 locations across 5 states to serve you locally. We take pride in servicing our customers with the best customer service around. We listen carefully to your needs to make sure we take the worry out of obtaining credit. Unlike some lenders do after the loan is made, we’ll never sell your loan account. You can count on Tower Loan to continue our customer services just as the date we first met. We specialize in taking care of all of your financial needs.
Our Approach to Credit Checks
Life can be unpredictable. At Tower Loan, we do our very best to offer our financial services with this truth in mind. We know that many Americans have had their credit score impacted by circumstances that were beyond their control. That’s why we work with our clients to determine what kind of loan would work best given their unique credit history.
There are many ways to structure online loans for bad credit. We’ll assess your current financial standing and identify the solution that works best for you.
Whether we need to provide you with more time to repay your debt, adjust the interest rate associated with your loan, or secure your loan by registering an asset as collateral, we are always willing to go above and beyond for our clients to provide them with the financial resources they require.
If you’re seeking an institution that specializes in bad credit loans online, look no further. Our team of trained and knowledgeable representatives have assisted thousands of Americans with credit concerns and have the necessary skills to improve your chances of approval.
A Worry-Free Repayment Process That Works
When it comes to online bad credit loans, one of the first questions applicants have is “What’s the catch?”. Many are concerned they will be burdened with insanely high interest rates, or face even heftier fines if they are late making a payment.
For instance, we are able to set up automatic withdrawals directly from the bank accounts of our clients, eliminating the pressure of remembering due dates.
We also allow our clients to make lump sum payments at any time- making it possible to settle outstanding balances long before the established timeline.
Our clients appreciate our no-nonsense approach to payment collection as much as they appreciate how easy we make it to apply for loans online.
What can this loan be used for?
For a simple answer, ANYTHING! In most cases, consumers take out loans when they’re needing to cover unexpected expenses –like home or auto repairs, unforeseen bills-or if they need some extra cash for a specific event like a vacation, home improvement, graduation, or a down payment on a vehicle. Sometimes, a personal loan can even be used to consolidate debt to create a lower monthly payment. With us being above to provide services online, this provides a fast service for those who can’t make it to an office right then. No matter the credit score, see what you qualify for today.