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Castle Payday is now Big Picture Loans.

Big Picture Loans is an online installment loan provider. Although Big Picture Loans doesn't require payment by the next payday, the interest rates it charges are similar to those of many payday lenders.

Big Picture Loans is owned by the Lac Vieux Desert Band of Lake Superior Chippewa Indians, which has its governmental headquarters in Watersmeet, Michigan. As a company owned by a federally recognized American Indian Tribe, it is immune from lawsuits. All transactions with Big Picture Loans are considered to have occurred on tribal land so the lending laws of your state of residence do not apply. Instead, the tribal laws of the Lac Vieux Desert Band of Lake Superior Chippewa Indians and federal laws govern the transactions.

How Does Big Picture Loans Work?

Big Picture Loans installment loans have a payment schedule that ranges from 12 to 44 payments depending on the size of the loan. Payments are made every 14 days, except for the first payment which has a term of 21 days. The initial payments only include the loan fee which make this type of loan particularly expensive.

For instance, if you borrow $1,000 it will take approximately 22 months to repay and you will only start to repay the balance of the loan by the sixth payment. The total cost of borrowing $1,000 when you follow the entire payment schedule is $9,916.25. However, there are no prepayment penalties, so you can reduce finance charges by paying off the loan early.

What Are Big Picture Loan's Interest Rates?

The interest rate for a Big Picture Loans installment loan range from 780.03% to 787.93% APR. However, you can reduce the APR considerably, if you pay the loan off early.

How Much Money Can I Borrow From Big Picture Loans?

Loan amounts for a Big Picture Loans installment loan range from $200 to $1,000. To illustrate how expensive it can be to borrow money using Big Picture Loan's payment schedule, it would take six months to repay $200 and cost a total of $856.25.

Which States Does Big Picture Loans Operate In?

Big Picture Loans operates in all 50 states.

What Is the Application Process Like for Big Picture Loans?

Big Picture Loan's application process is fast and easy. Borrowers only need to fill in a short online form. If all the information is provided by 2:00 pm CST, the funds can be deposited by the next business day. Castle Payday loan officers verify the information provided by applicants and contact them by phone or email with a final decision.

To qualify, applicants must have a steady and verifiable source of income of at least $700 a month, an active bank account, a phone, be at least 18 years old and a permanent U.S. resident.

How Is Big Picture Loans Better Than Other Lenders?

Big Picture Loans provides loans of up to $1,000 to people of all credit types. The application process is fast and simple to complete and borrowers can access their funds within the next business day. Although its regular payment schedule can be a very expensive way to borrow money, people can pay the loan in full or in part without incurring any prepayment penalty, which will drastically reduce the cost of the loan.

  • Loan Amount
    $200 - $1000
  • APR
    780.93% - 780.93%
  • Credit Score Range
    300 - 640
  • Immigration Status Considered
  • Military Status
    Non-Military
  • Minimum Annual Income
    $8400
  • Minimum Monthly Income
    $700
  • No Other Outstanding Loans
  • Supported Income Types
    • 1099 Misc. Income
    • Cash / Other
    • Direct Deposit (W2, SSA, SSDI)
    • Payroll Check or Prepaid Card
  • Direct Deposit
  • Online Application
  • Funding Time Range (in days)
    1 - 3
  • No Credit Check
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