Tower Loan Online Application: A Step-by-Step Guide

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To apply for a Tower Loan online, start by visiting their website and clicking on the "Apply Now" button. This will take you to the online application portal.

Tower Loan offers financing options for individuals with bad credit, and the online application process is designed to be quick and easy. You can apply for a loan of up to $2,000.

To begin the application process, you'll need to provide some basic personal and financial information, including your name, address, and income. This information will help Tower Loan determine your eligibility for a loan.

Applying for a Loan

You can complete the application process online or over the phone. Tower Loan has a number of branches in the five states it services that you can visit to discuss your loan application.

The online application process is straightforward and can be completed in as little as 10 minutes. At Tower Loan, we pride ourselves on keeping our application process as straightforward as possible.

Credit: youtube.com, Tower Loan Company, Loans starting at $500, Online Loans & Store Locations, Rates & Requirements

To get started online, follow these steps:

  1. Visit Tower Loan’s website and select Apply now.
  2. Enter your email address, then read and agree to Tower Loan’s terms and conditions.
  3. Create a username and password, then enter your ZIP code, phone number, state and preferred loan amount.
  4. Verify your identity with a code from your email.
  5. Finalize your application with a Tower Loan representative.

Tower Loan offers equal installment payments for all loan types, which frees our clients from fears of unresolved debt. Our no-nonsense approach follows our no-fuss company politics.

See what others are reading: No Closing Cost Equity Loan

Eligibility and Requirements

To be eligible for a Tower Loan, you'll need to meet a few basic requirements. You'll need to have an open checking or savings account, a regular source of income, and be a resident of a serviced state.

To prove your income, you'll need to provide one or more of the following documents: your most recent pay stub, last year's tax return, Form W-2, Form 1099, a bank statement dated within the last 30-90 days, or your employer's contact information.

If you're traditionally employed, you'll likely be able to provide the standard documents. However, if you're self-employed, you may need to provide a recent bank statement, Form 1099, and your latest tax return, and possibly get help from a CPA or tax professional to ensure everything is in order.

Am I Eligible?

A clean and organized office desk setup featuring a laptop, clipboard with application form, and pen.
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To determine if you're eligible for a loan, you'll need to meet a few basic requirements. One of the most important is having an open checking or savings account.

Having a regular source of income is also crucial. Lenders want to know that you can afford to repay the loan.

Lastly, you'll need to be a resident of a state where the lender operates. This ensures that you can be contacted and that the lender can send you the necessary documents.

Here are the basic requirements in a nutshell:

  • Open checking or savings account
  • Regular source of income
  • Resident of a serviced state

Personal Loan Documents Required

To increase your chances of approval and speed up the process, it's essential to get organized and have all the loan required documents needed by your lender. A well-structured application demonstrates financial literacy, preparedness, and reliability.

You should prepare to provide various documents, including proof of income, which is essential for loan applications. This is because lenders need to assess their risk and determine whether you're a suitable candidate for a loan.

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Here are some common loan documents required for personal loan applications:

  • Your most recent pay stub
  • Last year’s tax return
  • Form W-2
  • Form 1099
  • Bank statement dated within the last 30-90 days
  • Employer’s contact information

As a traditionally employed applicant, you can use these documents to prove your income. However, if you're self-employed, you may need to provide different documents, such as a recent bank statement, Form 1099, and your latest tax return.

Is Tower Loan Legit?

Tower Loan has been in business since 1984, making it a legitimate lender with some experience under its belt. Its website is secure, which is a good sign.

However, there are a few red flags to consider. Tower Loan's privacy policy and terms of service don't disclose the security measures it uses, which might leave you wondering about the safety of your information.

The only way to opt out of having your information shared is to mail a notice to Tower Loan, which can be a hassle. There's no phone number or email you can use to make the process easier, which is a bit inconvenient.

Missouri

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Tower Loan has been offering loans in Missouri since 2006. We've become one of the leading companies in the state with 37 loan offices in Missouri currently.

If you're looking to get an installment loan in Missouri, you're in luck - we have many convenient branch locations available for our clients. Our years of experience have helped hundreds of people just like you get the financial assistance they need.

Tower Loan has been around since 1936, making us one of the pioneers of the consumer finance industry. Our commitment to helping people has only grown stronger over the years.

Repayment Options

Repayment options are an essential aspect of taking out a loan. Tower Loan sends an email statement five days prior to your due date every month.

You can choose to enroll in automatic repayments, which are deducted from the bank account you provided, or make a manual payment on Tower Loan’s website. This flexibility allows you to manage your finances effectively.

Close-up of financial graphs and digital tablet highlighting 2020 stock market crash.
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Tower Loan also accepts payments over the phone and at its branch locations, making it convenient for those who prefer in-person customer service. If you live in one of its five serviced states, you can take advantage of this option.

If you're looking for a lender that's upfront about its costs, you may want to compare other short-term loans. Here are some options to consider:

  • Compare payday loans
  • Best payday loans of 2025
  • Best cash advance apps
  • Small loans
  • Emergency loans
  • Best installment loans
  • No bank account required
  • Prepaid debit card loans
  • Borrow money online fast
  • Direct lenders
  • Loans for people on disability (SSI/SSDI)
  • Alternatives to $255 same-day online payday loans

Understanding Tower Loan

Tower Loan has been in business since 1984, making it a legitimate lender with a long history.

However, there are some red flags to be aware of. Its website is secure, which is a good sign.

But what's concerning is that Tower Loan's privacy policy and terms of service don't clearly disclose the security measures it uses.

This lack of transparency can make it difficult to trust the company with your personal information.

The only way to opt out of having your information shared with Tower Loan is to mail a notice to the company, which can be a hassle.

There's no phone number or email you can use to make the process easier, which is inconvenient.

Take a look at this: What Are Good Loan Companies

Step-by-Step Process

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The tower loan online application process is straightforward and easy to follow.

You'll start by speaking with a representative to discuss your loan options. They'll guide you through the process and answer any questions you may have.

After speaking with the representative, you'll receive a link to choose your loan terms. This is where you'll determine the specifics of your loan, such as the amount and repayment schedule.

Next, you'll need to enter bank information for the deposit. Make sure you have your bank account details handy to make this step quick and easy.

Finally, you'll sign your documents electronically. This is the last step in the process, and it's a secure and convenient way to complete your loan application.

Frequently Asked Questions

What credit score is needed for a Tower Loan?

Tower Loan considers credit scores as low as 630 for personal loan prequalification, but we lend to people with bad credit to help them achieve their financial goals. However, credit score requirements may vary depending on individual circumstances.

Is it hard to get a loan from a Tower Loan?

Getting a loan from Tower Loans may be challenging if you have a credit score below 670, but having a good credit score can improve your chances of approval. A credit score of 670 or higher is recommended for the best loan approval chances.

Aaron Osinski

Writer

Aaron Osinski is a versatile writer with a passion for crafting engaging content across various topics. With a keen eye for detail and a knack for storytelling, he has established himself as a reliable voice in the online publishing world. Aaron's areas of expertise include financial journalism, with a focus on personal finance and consumer advocacy.

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