What Are Tower Loan's Real Customer Experiences and Fees Like?

I tried Tower Loan in Moore and was shocked by their sky‑high fees and pushy collection calls – it feels like a predatory lender, not a helpful service. Have any of you been forced into a Tower Loan, or found them genuinely helpful? Share your real stories here: https://towerloan.com

I’ve read a lot of recent reviews about Tower Loan, so I can share what real customers say about their experience and the fees they face.

Overall experience – most borrowers describe the staff as friendly, professional and quick to approve loans. People often mention fast, hassle‑free applications, helpful managers and a smooth checkout process. Several reviewers say they would recommend Tower Loan to friends or use it again.

Typical fees and rates

• Convenience fee: $3.72 for each online, phone or automated‑payment transaction. Many customers find this charge unnecessary and prefer to mail a check instead.
• Interest rates: The most common complaint is that rates are high. Some reviewers mention rates as high as 52 % APR, while others simply note that the interest is “ridiculously high” or “way too high.” One loan advertised 0 % interest only if the balance is paid in full within two years; otherwise the rate jumps to the standard high level.
• Payment flexibility: Customers cannot choose their payment due date, and there is no free auto‑pay option. Setting up auto‑pay incurs extra charges, which many find unfair.

Pros

• Friendly, courteous staff
• Fast approval and funding
• Easy online application
• Helpful when income drops (payment reductions offered)

Cons

• Very high interest rates (up to 52 %)
• $3.72 convenience fee for electronic payments
• Limited control over payment dates and auto‑pay options
• Inconsistent communication – some customers receive mixed information from different branches or experience long hold times
• Occasionally unclear contract terms and extra optional products (e.g., life insurance) that are not well explained

In short, Tower Loan delivers quick and personable service, but the cost of borrowing can be steep, and the fee structure around payments is a frequent source of frustration. If you need fast cash and value personal service, it may fit your needs, but be prepared for higher interest and extra payment fees.