Personal Loan

In this comprehensive review, we explore Big Picture Loans® Pesonal Loan designed to meet diverse financial needs. Discover how Big Picture Loans® stands out with its competitive interest rates, flexible borrowing limits, and rewarding perks.
200 - 5000 $
Loan Amount
12
Repayment Term
160 - 699 %
APR

Product Details

General Info
 Loan Amount Loan Amount
200 - 5000 $
Repayment Term Repayment Term
12
Required documents Required documents
SSN, ID
Do I fit in?
Age Age
from 18
Credit Score Credit Score
300
Income required Income required
Fees
APR APR
160 - 699 %

How to Apply for a Big Picture Loans?

  1. Visit Website. Start by going to the Big Picture Loans website. Click on the "Apply Now" button to start application process.

  2. Fill Out the Application Form. You will need to provide personal information, including your name, address, date of birth, and other details that will help the company identify you. This step is crucial for compliance with Tribal law and the spirit of federal law.

  3. Provide Financial Information. You will be asked to enter details about your employment, income, and banking information to determine your eligibility and the loan amount you qualify for.

  4. Submit the Application. Once you have completed all required fields and reviewed your information for accuracy, submit your loan application for processing.

  5. Wait for Approval. Big Picture Loans reviews applications promptly. If your application is verified and approved by 5:00 p.m. CST, you will generally receive an ACH deposit on the next Business Day. Keep in mind that business days exclude federal banking holidays.

  6. Review and Sign Loan Agreement. If your application is approved, you will be provided with loan documents that detail the terms of your loan, including the repayment schedule and interest rates. Carefully review these documents before signing and agreeing to the loan terms.

  7. Receive Funds. After you have signed and returned the loan documents, Big Picture Loans will deposit the funds into your bank account as soon as the next business day, depending on the timing of your approval and document completion.

Conditions and Requirements

Conditions

  1. Loan Approval and Amounts. Approval and loan amounts are based on minimum income amounts, other credit criteria, and the verification of the information you provide during the application process. Typically loan amount range from $300 to $2,500.

  2. Interest Rate and Fees. Depending on your particular financial and geographic circumstances, APR's may vary from 350% to 700% per annum. Typically, the interest rates and fees for such loans can vary widely based on several factors, including the loan amount, repayment term, borrower’s creditworthiness, and specific lender policies.

  3. Credit Checks. Big Picture Loans will run credit checks on all applicants and may review credit information from specialized credit bureaus.

  4. Tribal Land Approval Process. All loans are reviewed and approved on Tribal land at Big Picture Loans' office located in Watersmeet, MI.

  5. ACH Deposit Timing. If your application is verified and approved by 5:00 p.m. CST, you will generally receive an ACH deposit on the next business day, excluding federal banking holidays.

Requirements

  1. Application Information. You will need to provide your name, address, date of birth, and other information that will allow Big Picture Loans to identify you.

  2. Identification Verification. You may be asked for your driver's license number or other identifying documents as part of the application process.

  3. Financial Information. Details about your employment, income, and banking information are required to determine your eligibility and the loan amount you qualify for.

  4. Legal Age. Applicants must meet the legal age (at least 18 y.o.) requirement for entering into a contract in their respective jurisdiction.

  5. Residency. Applicants need to be residents of a state where Big Picture Loans operates.

  6. Bank Account. A valid bank account is usually required for the deposit of loan funds and the repayment process.

Ways to Receive the Money

At Big Picture Loans, once your loan application is verified and approved, the primary method for receiving the loan funds is through an Automated Clearing House (ACH) deposit directly into your bank account. This efficient and secure method allows for the quick transfer of funds, generally on the next business day following loan approval, provided that the approval process is completed by 5:00 p.m. CST. This streamlined process ensures that borrowers can access the funds they need for short-term financial needs promptly, without the need for physical checks or in-person pickups, facilitating ease of access to financial resources when it matters most.

Company documents

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30.05.2022
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Last update 27.03.2024