Big Picture Loans review Mar 2021 [Pros, cons] |
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Big Picture Loans review

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Flexible short-term loans — but higher than normal rates.

Bottom line: Big Picture Loans is one of the more transparent tribal lenders out there. But its rates are still much higher than other US-based lenders are able to charge.


Min. Amount


Max. Amount


Product NameBig Picture Loans
Min. Amount$200
Max. Amount$3,500
Loan Term4 to 18 months
RequirementsHave an operational bank account, be a US citizen or a permanent resident, be at least 18 years old and earn a minimum of $700 per month

Pros and cons

  • Wide range of loan amounts
  • Repeat borrowing lowers APR
  • Low minimum monthly income requirement of $700
  • Falls under tribal law
  • Poor customer ratings
  • APR up to 699%

Expert review

Aliyyah Camp

Review by

Aliyyah Camp is a writer and personal finance blogger who helps readers compare personal, student, car and business loans. Aliyyah earned a BA in communication from the University of Pennsylvania and is based in New York, where she enjoys movies and running outdoors.

Expert review

Big Picture Loans, formerly Castle Payday, is a tribal lender that offers installment loans that can be used to cover just about any expense. Unlike other lenders, Big Picture Loans follows the laws of its tribe to determine your loan terms. That means you may be stuck with an APR far above the legal limit in your state.

Big Picture Loans could be helpful when you’re face with a large expense a payday loan won’t cover, but you’ll still need to be cautious. With so many mixed reviews, you’ll have to do your own research and compare your other short-term loan options before you borrow.

Big Picture Loans rates, fees and terms

Big Picture Loans is upfront about its rates — and it isn’t cheap. First-time borrowers can expect an APR between 350% to 699%, which is much higher than many states allow. And while Big Picture Loans lowers rates for repeat borrowers, it never drops below a high 35%.

You can borrow between $200 to $3,500 for a term of 4 to 18 months. The exact APR you receive, as well as your repayment schedule, will depend on how frequenly you get paid and how much you can afford.

How Big Picture Loans compares to other lenders

To browse lenders based in the US, select your state and click Show me my options.

Data updated regularly
Name Product Filter Values Loan amount Turnaround time Requirements
OppLoans Installment Loans
$500 - $5,000
1 business day
Direct deposit, meet minimum income requirements, live in eligible state
Comes with the option to change your due date so you won’t fall behind on repayments.
Pheabs installment loan connection service
$100 - $35,000
As soon as next business day
Fair credit accepted
Check Into Cash Payday Loan
$50 - $1,000
1 to 2 business days
Bank account, email address, phone number, US citizen or permanent resident, ages 21+
Plus, get access to check cashing, cell phone top ups, bill pay and more at one of its many storefronts.
Fast5kLoans Short-term Loans Connection Service
$100 - $35,000
As soon as the next business day
Regular source of income, verifiable bank account, US citizen, ages 18+
Get connected with multiple lenders you might qualify with — even if you have bad credit.
Monevo Installment Loans
$500 - $100,000
Varies by lender
Credit score of 500+, legal US resident, ages 18+
Quickly compare multiple online lenders with competitive rates depending on your credit.

Compare up to 4 providers

How to qualify

In order to apply for an installment loan, you’ll need to meet a few basic requirements:

  • Minimum monthly income of $700+
  • Operational bank account
  • US citizen or a permanent resident
  • At least 18 years old

Big Picture Loans reviews and complaints

BBB accreditedNo
BBB ratingA+
BBB customer reviews1.38 out of 5 stars, based on 65 customer reviews
BBB customer complaints268
Trustpilot score4.6 out of 5, based on 10,757 customer reviews
Customer reviews verified as of16 October 2020

While Big Picture Loans receives a high volume of positive reviews on Trustpilot, customers on its BBB page reported problems with payments and high interest rates. Because complaint details are unavailable, it’s difficult to say if there is a trend to these problems. Before you borrow, you should ensure you understand the full cost and that you’ll be able to repay your loan funds.

How the application works

Big Picture Loans only accepts online applications. You will need to provide basic information about yourself and your income, including your current employer. It should take around 15 minutes to fill out.

Should I verify my bank account?

Big Picture Loans asks you to verify your bank account by entering your username and password. Many lenders will ask for your bank’s routing number and your account number, but not your login info. While it claims the process is secure, it doesn’t state that it’s using a service like Plaid to keep your information safe. And when I selected skip and continue, Big Picture Loans denied the application without providing any specific details.

This may be a red flag — and could put your bank account at risk. While Big Picture Loans is a legit service, compare lenders with better defined application processes before you sign in to your account through a third party.

What sets it apart

Big Picture Loans is a short-term lender that is completely owned and operated entity of the Lac Vieux Desert Band of Lake Superior Chippewa Indians. This tribally-owned lender is registered with the tribe’s reservation in Watersmeet, Michigan. While this means it can offer loans in many states short-term lending may otherwise be illegal, it also results in extraordinarily high APRs.

If Big Picture Loans receives all the required information through your application before 5 p.m. CT Monday to Friday, you may be able to receive your loan by the next business day. If not, it may take multiple business days to fund.

Is Big Picture Loans legit?

Yes. Big Picture Loans has a secure website and outlines its safety measures and privacy policy in the Terms of Use page. Your personal information is kept safe by a standard security certificate. If you have any questions, Big Picture Loans is easy to contact by mail, email or phone.

Big Picture Loans is an expensive choice. If payday loans are legal in your state, it may make more sense to compare US-based options to avoid extremely high APRs.

Frequently asked questions

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    Default Gravatar
    December 14, 2018

    If approved on Friday mornin, will my loan be available on Saturday or Monday?

      Avatarfinder Customer Care
      December 18, 2018

      Hi Denise,

      Thanks for getting in touch! The release of funds will depend on Big Picture Loans and will be disclosed when you are approved. Hope this was helpful. Don’t hesitate to message us back if you have more questions.


    Default Gravatar
    September 26, 2018

    If your maximum loan amount is $1500.00, why did I get preapproved for up to $3000.00?

      Avatarfinder Customer Care
      September 26, 2018

      Hello Jennifer,

      Thank you for your comment.

      Please note that pre-approved loan means that a lender has independently determined that you meet their requirements for a credit opportunity through a soft inquiry credit check. Pre-approved offers state that you may qualify for a certain amount. This can also mean that you may not qualify for the loan or credit card once your credit reports are reviewed. Hence, pre-approval still changes when a formal application is submitted.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.


    Default Gravatar
    March 28, 2018

    How much would the interest be on a $1200 loan

      Avatarfinder Customer Care
      March 28, 2018

      Hi Helen,

      Thanks for getting in touch with finder.

      I may not be able to give you the exact interest rate for a $1,200 loan. The reason is that the interest rate will depend on how often your payments are scheduled and the duration of the loan as well as your current financial situation. The loan contract you receive lists all applicable charges so be sure to review these carefully before you sign.

      If you want to get a quote, you might want to get in touch directly with the lender.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!


    Default Gravatar
    January 25, 2018

    How long do you have to pay the loan back?

      Avatarfinder Customer Care
      January 31, 2018

      Hi Fallon,

      Thanks for your inquiry.

      With Big Picture Loans, you are offered with installment loans which you repay over time with a set number of scheduled payments. Though you can also pay off your installment loan early and no penalties charged to you when you do this. Your scheduled payments is outlined in your contract.

      Meantime, in the Big Picture Loans website, you can find and use their personal loan calculator if you like to get an idea on what would be your repayment schedule will look like.

      Hope this information helped.

      Best regards,

    Default Gravatar
    January 11, 2018

    I was,applying for loan and at the bottom it asked for my bank information like routing number is that lagit

      Avatarfinder Customer Care
      January 12, 2018

      Hi Kathryn,

      Thanks for your inquiry

      That information is required by Big Picture loans so that you may be able to receive your approved funds in your bank account electronically. Please note that to qualify, you have to meet basic eligibility criteria. Please check them out before applying.

      Hope this information helps


    Default Gravatar
    December 4, 2017

    I received a pre approved certificate for 800. Is this legit? Also is it monthly payments?

      Avatarfinder Customer Care
      December 4, 2017

      Hi Heather,

      Thanks for reaching out to us. Please note that we are not affiliated with Big Picture Loans or any company we feature on our site and so we can only offer you general advice.

      Big Picture Loans is completely owned and operated entity of the Lac Vieux Desert Band of Lake Superior Chippewa Indians. This tribally-owned lender is registered with the tribe’s reservation in Watersmeet, Michigan and carries out all its operations there.

      If Big Picture Loans receives all the required information through your application before 5p.m. CST Monday to Friday, it can verify your details on the same day, and you may be able to receive your approved funds in your bank account electronically by the next business day.

      It is important you read the loan contract and make all your payments on time. These payments are predetermined and done in installments, and you cannot renew your loan with Big Picture Loans.

      You may also visit Big Picture Loans official site to get more info.

      Best regards,

    Default Gravatar
    November 26, 2017

    What are your interests rates??

      Avatarfinder Customer Care
      November 26, 2017

      Hi Ruben,

      Thank you for your inquiry.

      The interest rate may vary depending on the lender. You can go to the section “Compare Big Picture Loans to other short-term loan providers” to check the possible interest rate that may apply to your preferred amount of loan.

      I hope this information has helped.


    Default Gravatar
    July 29, 2017

    Can you apply if you are retired and get paid once a month? And if you borrow $500.00 what is interest?. Is it a monthly pay back or every 2 weeks.

      Avatarfinder Customer Care
      July 29, 2017

      Hi Lillian,

      Thanks for your question.

      You might want to check our list of loans for retired people.

      Kindly review the eligibility criteria and the terms and conditions of the loan before submitting your application.


    Default Gravatar
    June 16, 2017

    If I already have a loan that needs to be paid, can I apply for another loan 100,I will pay the whole amount in the month of July before my schedule date.

      Avatarfinder Customer Care
      June 26, 2017

      Hi Linda,

      Thank you for your inquiry.

      While you cannot renew your Big Picture personal loan. You may want to check with the other payday loan options from different lenders.

      Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions.

      I hope this information has helped.


    Default Gravatar
    May 9, 2017

    What is the repayment schedule on a $400 loan?

      Avatarfinder Customer Care
      July 2, 2017

      Hi Bill,

      Thank you for your inquiry.

      Repayment schedule may vary depending on the lender. It would be nice to coordinate this matter directly with your preferred lender.

      I hope this information has helped.


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