Applying for a Big Picture Loans loan is a straightforward process. Begin by visiting their website and clicking the "Apply Now" button. You'll need to fill in personal and financial information, agree to privacy terms, and create an account with a username and password. After submitting your application, you’ll wait for a call from Big Picture Loans to inform you of your loan approval status. This process ensures that you provide all necessary details and agree to the terms, making it easy to manage your loan online.
How to Apply for a Big Picture Loans Loan
-
Visit The Application Page. Start by going to the Big Picture Loans website and clicking on the "Apply Now" button to access the application page.
-
Fill In Personal Information. Enter your personal details, such as your name, address, and contact information, in the corresponding fields.
-
Receive Text Messages. If you want to receive updates via text messages, tick the box labeled "Receive Text Messages."
-
Read Privacy Terms. Carefully read the privacy terms and the conditions for electronic communications, then tick the box to indicate your agreement.
-
Create Account Login. Create a username and password for your account, ensuring that your password is secure and memorable.
-
Provide Financial Information. Enter your financial details, including your employment information and banking details, in the designated fields.
-
Submit The Application. Once all information is accurately filled in, click on the "Submit" button to complete the application process.
-
Await Approval. After submitting your application, wait for a call from Big Picture Loans with your loan approval status.
Conditions
Loan Amount Range. Big Picture Loans offers loan amounts ranging from $200 to $5,000.
Loan Length. The loan length for Big Picture Loans is fixed at 12 months.
APR Range. The Annual Percentage Rate (APR) for Big Picture Loans ranges from 160% to 699%. For eligible returning customers who meet the company's credit parameters, the lowest APR available is 160%. New customers typically see an APR range between 250% and 699%, reflecting the higher risk assessed for new borrowers.
Requirements
Bank Account. You must have an open bank account that is in good standing. This is essential for the disbursement and repayment of the loan.
Phone Number. You must provide a valid phone number to be reachable for any communication regarding your installment loan.
Email Address. A valid email address is required to receive updates and important information about your loan.
Age And Residency. You must be at least 18 years old and a U.S. resident to qualify for an online installment loan. This ensures that you are legally eligible to enter into a loan agreement.
Reasons for Rejection
Insufficient Income. If your annual income is below the required minimum, your application may be rejected due to an inability to meet the repayment obligations.
Lack Of Required Documentation. Failure to provide necessary documents, such as a copy of your paycheck stub, can result in your application being denied.
No Bank Account Or Credit Card. Not having a bank account or credit card as an alternative payment method can lead to rejection since it is a mandatory requirement.
Employment Verification Issues. Inaccurate or unverifiable employment information, such as discrepancies in your employer's details or job title, can cause your application to be rejected.
Age Restriction. Applicants under the age of 18 are not eligible for the program, and any application from individuals below this age will be automatically rejected.
