Big Picture Loans Logo

Big Picture Loans review

Information verified correct on May 23rd, 2017

If you’re looking for a flexible personal or installment loan, take a look at what Big Picture Loans has to offer.

Big Picture Loans formerly operated as Castle Payday. It is a 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. It carries out all its operations on tribal land within the same region.

Rates last updated May 23rd, 2017
Max. Loan Amount Term of Loan Turnaround Time Costs
Prosper Personal Loan
Borrow only what you need for debt consolidation, home improvements, special occasions and more — with APRs based on your credit score.
$35,000 3 or 5 years 1-3 business days Go to site More
Lending Club Personal Loan
Borrow up to $40,000 with rates from 5.99% to 35.89% APR based on your credit score.
$40,000 Flexible Terms Varies Depends on your credit score. Go to site More
Upstart Personal Loans
This newer service looks beyond your credit score to match you with accredited investors for low-rate personal loans.
$50,000 36 months 1-2 business days Varies on the loan grade. Go to site More
NetCredit Personal Loan
You could borrow up to $10,000 and get an interest rate personalized to your credit score
$10,000 Varies upon State 1 business day Total costs will vary based on your state and credit score. Go to site More
OneMain Financial Personal Loans
Get funded quickly with a term loan that works for your circumstances — even with bad or no credit.
$25,000 3 years to 5 years Up to 3 days All rates are fixed, and APR typically ranges from 12.99% to 35.99%. More
Avant — Personal Loan
Check your rate — without affecting your credit score — before applying for this unsecured personal loan.
$35,000 24–60 months 1–2 business days More

Have we missed anything in the comparison table? Tell us

  • If the provider quotes a different rate to the one above please let us know
Rates last updated May 23rd, 2017
Max. Loan Amount Term of Loan Turnaround Time Costs
OppLoans Installment Loans
Get a better personal loan of up to $5,000 with 9- to 24-month repayment terms, depending on your state.
$5,000 9 to 24 months 1 business day Depends on state of residency. Go to site More
NetCredit Installment Loan
Build a positive credit history with on-time payments through flexible repayment options that include credit card and money transfer.
$10,000 Varies upon state 1 business day Total costs will vary based on your state and credit score. Go to site More
Cash Central Installment Loan
Pay monthly or biweekly over six to 24 months with lower APRs over your typical payday loan.
$5,000 6 to 24 months Overnight Depend on state specific laws as well as the amount of money you borrow. More
Check City Installment Loan
Even if you have poor credit, apply with this short term loan specialist offering quick disbursement and referral rewards.
$2,500 Varies Next Day Depends on state of residency. Go to site More
Blue Trust Loans Installment Loans
These loans act as an alternative to payday loans, and you don’t have to make payments in one large lump sum.
$1,250 6 months Quick approval APR varies More

Have we missed anything in the comparison table? Tell us

  • If the provider quotes a different rate to the one above please let us know

The geographically isolated tribe aims to stimulate economic growth on the reservation through online lending. As with other industries found within the tribe, the Big Picture Loans online lending platform is a legal enterprise. It lets Americans across the country apply for credit. It provides loans even to people who normally not qualify because of poor or bad creditworthiness.

How borrowing from Big Picture Loans works

Borrowing through Big Picture Loans works in the same basic manner as other financial institutions. To qualify, you have to meet some basic eligibility criteria, which you can read about further down the page.

If Big Picture Loans receives all the required information through your application before 5pm (CST) Monday to Friday, it can verify your details on the same day. In such a scenario, there’s a good chance you’ll receive the approved funds in your bank account electronically by the next business day.

By reading the loan contract you can find out when you have to make payments towards your loan. You repay the loan in installments according to a predetermined payment plan until you repay it completely. You cannot renew your Big Picture Loans personal loan.

Why should you consider taking out a Big Picture Loans loan?

  • Apply with poor credit. Big Picture Loans understands that people with less-than-perfect credit require access to credit as much as anyone else. You can apply for a personal loan through this tribal lender with poor or bad creditworthiness, provided you have a regular source of income.
  • Use online calculator. The Big Picture Loans website gives you access to an online loan calculator. You can use this to see how finance charges add up for different loan amounts. It also provides an indicative example of what your repayment schedule might look like. Use this to find out how much you can afford to borrow.
  • Quick and easy process. Completing the online application takes no more than a few minutes. If you apply during business hours, you get a call from a Big Picture Loans representative within 15 minutes. Once you accept the loan contract, Big Picture Loans disburses the approved funds by the following business day.
  • No prepayment penalties. Big Picture Loans lets you repay the entire loan amount ahead of schedule without charging any prepayment penalties. By doing this, you can also save on finance charges.

How much will it cost you to borrow from Big Picture Loans?

The loan contract that you get from Big Picture Loans gives you a clear indication of all applicable fees and charges. The Big Picture Loans website lets you find out how much your loan might cost through an easy-to-use calculator.

The loan calculator provides results for an initial term of 21 days, assuming you make all subsequent payments every 14 days. According to this, if you borrow $200, you’ll have to pay a finance charge of around $70. For a loan amount of $1,000, the finance charge would be around $350.

If you make late payments, or if payments don’t go through because of non-sufficient funds, you’ll have to pay additional fees, as allowed by tribal law.

How can I apply for a payday loan from Big Picture Loans?

You have to visit the Big Picture Loans website to submit your application. Applying requires that you meet these eligibility criteria:

  • You must be a US citizen, a permanent resident or in the US on a valid long-term visa.
  • You must be at least 18 years old.
  • You earn a minimum of $700 per month, through a verifiable source
  • You must have a functional phone number
  • You must have an operational bank account in good standing

To complete the application successfully, you have to provide some basic information:

  • Your name, contact information, Social Security number and date of birth.
  • How much you want to borrow and the purpose of the loan.
  • Your driver’s license or state ID number.
  • Your annual individual income and pay schedule.
  • Your employer’s name and contact details.

We currently don’t have a comparison of loans from Big Picture Loans. Alternatively, you can find a range of personal loans here and installment loan comparisons here.

Was this content helpful to you? No  Yes

Ask a Question

You are about to post a question on finder.com

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Disclaimer: At finder.com we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to the finder.com privacy policy.

US Personal Loans Offers

Learn about our information service
Lending Club Personal Loan

Borrow up to $40,000 with rates from 5.99% to 35.89% APR based on your credit score.

Prosper Personal Loan

Borrow only what you need for debt consolidation, home improvements, special occasions and more — with APRs based on your credit score.

Upstart Personal Loans

This newer service looks beyond your credit score to match you with accredited investors for low-rate personal loans.

PersonalLoans.com

An online loan matching service that connects you with lenders for peer-to-peer, personal and bank loans for a variety of purposes.

feedback