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Big Picture Loans review

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If you've been searching for a flexible short-term loan, this tribal lender may have what you need.

When money is tight, a short-term loan could be the difference between having a little wiggle room in your budget and going without basic necessities. Big Picture Loans is a tribal lender that offers installment loans that can be used to cover just about any expense, but like all short-term loans, you’ll be paying back much more than you borrow because of the high APR. And unlike many other lenders, Big Picture Loans follows the laws of its tribe, not the US government, when it comes to your loan terms.

Big Picture Loans formerly operated as Castle Payday.

$200

Min. Amount

$1,500

Max. Amount

Details

Product NameBig Picture Loans
Min. Amount$200
Max. Amount$1,500
Loan TermVaries
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

What is Big Picture Loans?

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.

Borrowing through Big Picture Loans works the same way as with other lenders. To qualify, you have to meet basic eligibility criteria. You can apply for a loan from $200 to $1,500, and your APR will depend on how often your payments are scheduled and the duration of the loan in addition to your current financial situation.

If Big Picture Loans receives all the required information through your application before 5 p.m. CT 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. If not, your loan may take a few business days to fund.

Tribal lending can cost more than a short-term loan from a US-based company

What are the benefits of using Big Picture Loans?

  • Bad credit is OK. As long as you have a regular source of income and meet a few other eligibility requirements, you may be eligible for a short-term loan from Big Picture Loans.
  • Quick and easy process. Completing the online application takes no more than a few minutes, and if you apply during business hours, a Big Picture Loans representative will call you in as little as 15 minutes.
  • No prepayment penalties. Big Picture Loans lets you repay the entire loan amount ahead of schedule without charging any penalties, which can save you money in the long run.
  • Easy-to-access info on financial wellness. Big Picture Loans has a handy list of resources that can help you tackle your finances and learn more about the risks of borrowing.

What to watch out for

  • Costly loans. Like all short-term loans, an installment loan from Big Picture Loans can have a high APR — up to 699%.
  • Under tribal law. Because Big Picture Loans is a tribal lender, you’ll have to challenge any mistaken charges or tackle any problems with your loan through a tribal dispute process.
  • Minimum monthly income. While some lenders don’t list a minimum monthly income, Big Picture Loans requires you to make at least $700 a month in order to qualify for a loan.

Compare Big Picture Loans to other short term loan providers

Updated November 15th, 2019
Name Product Filter Values Max. Loan Amount Turnaround time Requirements
$5,000
1 business day
Direct deposit, meet minimum income requirements
Comes with the option to change your due date so you won’t fall behind on repayments.
$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.
$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.
Varies by state
As fast as same business day
Regular source of income, bank account, US citizen or permanent resident, age of majority in your state
Sign up for its discount program to get access to coupons and deals on everything from dining out to tax services.
$15,000
Same business day to 1 business days
$1,000+ monthly income, direct deposit, US citizen or permanent resident, ages 18+
Get offers from potential lenders in minutes by filling out just one online form.
$50,000
Same business day to 1 business days
Employed, $800+ regular monthly income, checking account, ages 18+, US citizen
Fill out a simple online form to compare offers from several lenders that may be able to help.
$2,600
1 to 2 business days
Active checking account, regular source of income, email address
Get access to tools to help you plan a career move, make some extra cash or search for a better-paying job.
$10,000
As fast as same business day
Regular source of income, bank account, US citizen or permanent resident, age of majority in your state
Explore its online education center to get tips on budgeting, how to prioritize your bills and more.

Compare up to 4 providers

Updated November 15th, 2019
Name Product Filter Values Max. Loan Amount Turnaround time Requirements
$1,200
As soon as the next business day
Regular source of income received biweekly or semi-monthly, Missouri or Utah resident, checking account with automatic deposits, not a military service member
Borrow up to $1,200 — but only if you live in Missouri or Utah.
$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.
$5,000
1 business day
Direct deposit, meet minimum income requirements
Comes with the option to change your due date so you won’t fall behind on repayments.
$2,600
1 to 2 business days
Active checking account, regular source of income, email address
Get access to tools to help you plan a career move, make some extra cash or search for a better-paying job.
$50,000
Same business day to 1 business days
Must be employed and receive regular income, earn at least $800 a month, have a checking account and be an 18+ years old legal US citizen.
Get a flexible installment loan with fast funding through one easy online application form.
$15,000
Same business day to 1 business days
$1,000+ monthly income, direct deposit, US citizen or permanent resident, ages 18+
Get offers from potential lenders in minutes by filling out just one online form.
$10,000
As fast as same business day
Regular source of income, bank account, US citizen or permanent resident, age of majority in your state
Explore its online education center to get tips on budgeting, how to prioritize your bills and more.
Varies by state
As fast as same business day
Regular source of income, bank account, US citizen or permanent resident, age of majority in your state
Sign up for its discount program to get access to coupons and deals on everything from dining out to tax services.

Compare up to 4 providers

Beware of high costs

More than other lenders, tribal lenders are able to charge huge interest rates because they aren’t required to follow any state or federal usury laws. That means you may be on the hook for paying double or even triple — or more — for the amount you borrow. Always read your loan contract carefully and consider your short-term loan alternatives before signing.

Is it safe to apply with Big Picture Loans?

Yes. Big Picture Loans runs 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.

What does the Internet say about Big Picture Loans?

Reviews for Big Picture Loans are mixed. It isn’t accredited by the Better Business Bureau (BBB) and receives a rating of F. With almost 100 negative customer reviews and over 200 complaints, many of the users on the BBB have had problems with Big Picture Loans. Comments include mention of poor customer service and the extremely high interest rate attached to the loans.

Big Picture Loans fairs far better on Trustpilot. There are almost 5,000 customer reviews, and Big Picture Loans has a solid rating of 9.2 out of 10. Just like with the BBB, negative reviewers left comments about the lackluster customer service and high rates. However, the positive comments don’t say much. Many are only a quick comment that mention basic features.

As with all short-term loans, conduct careful research before you decide on a lender. Big Picture Loans has mixed reviews, so it’s best to contact customer support yourself and figure out if this is a company you want to work with.

Am I eligible?

  • Earn a minimum of $700 per month
  • Have an operational bank account
  • Be a US citizen or a permanent resident
  • Be at least 18 years old

How do I apply?

In order to apply for an installment loan, you’ll need to provide Big Picture Loans with the following information:

  • Your name, contact information, Social Security number and date of birth
  • Your driver’s license or state ID number
  • Your annual individual income and pay schedule
  • Your employer’s name and contact details

Are payday loans permitted in your state?

Hover over your state of residence (or click on your state if you’re using a mobile device) to find out if payday loans are legal in your state.

Bottom line

Big Picture Loans could be helpful when you’re face with a large expense a payday loan just won’t cover, but you’ll still need to be cautious. Because it’s a tribal lender, you may be required to pay far more than you would with a US-based lender. And with so many mixed reviews, you’ll have to do your own research and compare your other installment loan options before agreeing to a loan contract.

Frequently asked questions

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22 Comments

  1. Default Gravatar
    Denise
    December 14, 2018

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

    • AvatarStaff
      nikkiangco
      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.

      Best,
      Nikki

  2. Default Gravatar
    Jennifer
    September 26, 2018

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

    • AvatarStaff
      Jhez
      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.

      Regards,
      Jhezelyn

  3. Default Gravatar
    Helen
    March 28, 2018

    How much would the interest be on a $1200 loan

    • AvatarStaff
      Joshua
      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!

      Cheers,
      Joshua

  4. Default Gravatar
    Fallon
    January 25, 2018

    How long do you have to pay the loan back?

    • AvatarStaff
      Rench
      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,
      Rench

  5. Default Gravatar
    Kathyrn
    January 11, 2018

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

    • Default Gravatar
      Arnold
      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

      Cheers,
      Arnold

  6. Default Gravatar
    Heather
    December 4, 2017

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

    • AvatarStaff
      Rench
      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,
      Rench

  7. Default Gravatar
    Ruben
    November 26, 2017

    What are your interests rates??

    • AvatarStaff
      Harold
      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.

      Cheers,
      Harold

  8. Default Gravatar
    Lillian
    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.

    • AvatarStaff
      Anndy
      July 29, 2017

      Hi Lillian,

      Thanks for your question.

      If you are already retired, the lenders on this page may consider you for a loan.

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

      Cheers,
      Anndy

  9. Default Gravatar
    Linda
    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.

    • AvatarStaff
      Harold
      June 26, 2017

      Hi Linda,

      Thank you for your inquiry.

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

      I hope this information has helped.

      Cheers,
      Harold

  10. Default Gravatar
    Bill
    May 9, 2017

    What is the repayment schedule on a $400 loan?

    • AvatarStaff
      Harold
      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.

      Cheers,
      Harold

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