Big Picture Loans: Your Trusted Direct Lender for Installment Loans

Can this loan be used for debt consolidation? No, this loan cannot be used for credit card debt consolidation or other loan consolidation purposes. The lender associated with this loan provides a very high interest rate, making it an unfavorable choice for credit card debt consolidation or other types of loan consolidation. It is recommended to explore alternative options that offer lower interest rates and better terms for debt consolidation.

Overview of the Loan Company

Big Picture Loans, formerly known as CastlePayday Loans, is a reputable direct lender specializing in installment loans and personal loans. The company aims to provide borrowers with easily accessible short-term solutions without the worry of hidden fees and excessive regulations. With a focus on simplicity and convenience, Big Picture Loans has assisted over 125,000 Americans since its establishment.

Loan Description

If you find yourself in need of financial assistance, Big Picture Loans offers installment loans ranging from $200 to $3,500. These loans have a flexible repayment period of 4 to 18 months, allowing you to find a repayment schedule that suits your individual circumstances. The loan process is conducted online, making it convenient and hassle-free. You can expect to receive the funds in your bank account as quickly as the next business day, ensuring you have access to the money when you need it most.

Basic Requirements to Get the Loan

To be eligible for a loan from Big Picture Loans, you need to meet a few basic requirements. These include:

  1. Steady income: You must have a verifiable source of income, earning at least $700 per month.
  2. Open bank account: You should have an active bank account in good standing.
  3. Reachable phone number: You must provide a phone number where you can be easily reached.
  4. Age and residency: You must be at least 18 years old and a permanent resident of the United States.

Meeting these requirements demonstrates your eligibility for a loan and increases the likelihood of a successful application.

Loan Available in States


Pros and Cons of the Loan

Before deciding on a loan, it’s important to consider the advantages and disadvantages. Let’s explore the pros and cons of obtaining an installment loan from Big Picture Loans:


  1. Accessibility: Big Picture Loans offers loans to borrowers with various credit backgrounds, including individuals with bad or poor credit history.
  2. Convenience: The loan application process is conducted entirely online, allowing you to apply from the comfort of your own home.
  3. Speedy funding: Once approved, you can expect to receive the funds in your bank account as quickly as the next business day.
  4. Flexible repayment: With a repayment period of 4 to 18 months, you have the flexibility to choose a repayment schedule that suits your financial situation.



  1. Higher interest rates: Due to the higher risk associated with lending to individuals with poor credit, the APRs offered by Big Picture Loans may be higher compared to traditional financial institutions.
  2. Limited loan amount: The loan amounts offered range from $200 to $3,500, which may not be sufficient for larger financial needs.

Consider these factors carefully to determine if the benefits outweigh the potential drawbacks for your specific situation.

Credit Score Required for This Loan

One advantage of Big Picture Loans is its willingness to consider borrowers with less-than-perfect credit scores. While traditional lenders may be hesitant to extend credit to individuals with bad or poor credit, Big Picture Loans recognizes that financial difficulties can happen to anyone. Therefore, they focus on other factors such as income and repayment capacity when evaluating loan applications. However, it’s important to note that a higher credit score may increase your chances of obtaining more favorable loan terms.

Interest Rate of This Loan

It’s essential to be aware that installment loans from Big Picture Loans may come with higher interest rates compared to traditional personal loans offered by banks. The specific interest rate will depend on various factors, including your creditworthiness, loan amount, and repayment term. APRs can reach up to 699%, reflecting the increased risk associated with lending to individuals with poor credit. Before committing to a loan, carefully review the interest rate and ensure that you can comfortably manage the associated payments.

Repayment Terms of the Loan

Big Picture Loans provides borrowers with a repayment period of 4 to 18 months for their installment loans. This flexible repayment term allows you to choose a duration that aligns with your financial capabilities. It’s important to note that longer repayment periods may result in higher overall interest payments. Before accepting a loan, make sure you understand the repayment terms and calculate the total cost of the loan, including interest.

How to Apply for This Loan

The loan application process with Big Picture Loans is straightforward and can be completed entirely online. Follow these steps to apply for an installment loan:

  1. Visit the website: Go to the official website of Big Picture Loans by navigating to
  2. Start the application: Click on the “Apply Now” button to initiate the application process.
  3. Provide necessary information: Fill out the online application form with accurate and up-to-date information, including personal, employment, and financial details.
  4. Submit supporting documents: Depending on your circumstances, you may be required to submit additional documents to verify your income and identity.
  5. Review and sign: Carefully review the loan terms and conditions presented to you. If you agree to the terms, electronically sign the loan agreement.
  6. Receive funds: If approved, the funds will be deposited directly into your bank account, typically within the next business day.

Remember to review the terms of the loan agreement thoroughly before signing to ensure you understand all the obligations and repayment terms.

To Whom This Loan Is For

Big Picture Loans aims to assist individuals who may have difficulty obtaining credit from traditional lenders due to their credit history. If you have bad or poor credit and need emergency cash, an installment loan from Big Picture Loans may be a viable option. However, it’s crucial to assess your financial situation and determine if you can comfortably meet the repayment obligations. These loans are not suitable for long-term financial solutions and should be used responsibly.

Additional Information You Should Know

When considering a loan from Big Picture Loans, it’s important to be aware of the following information:

  1. Privacy and security: Big Picture Loans values the privacy and security of their customers. They utilize SSL encryption technology to protect your personal and financial information, ensuring it remains confidential.
  2. Loan transparency: Big Picture Loans is committed to providing transparent loan terms. Before accepting a loan, carefully review the loan agreement, including the principal amount, monthly payment, pre-payment conditions, and penalties for late payments.
  3. Customer support: The customer support team at Big Picture Loans has received positive reviews for their helpful and supportive nature. They are available to assist you throughout the loan process, and you can reach out to them at any time.


Big Picture Loans, formerly CastlePayday Loans, offers a reliable and accessible option for individuals in need of installment loans or personal loans. With a simple online application process, next-day funding, and a focus on assisting borrowers with less-than-perfect credit, Big Picture Loans provides a convenient solution to address short-term financial needs. However, it’s essential to evaluate the loan terms, including interest rates and repayment obligations, before making a decision. Remember to use these loans responsibly and consider seeking credit counseling if you have serious credit difficulties.

For more information and to begin your loan application, visit the official website of Big Picture Loans at

Disclaimer: The information provided in this article is accurate at the time of writing (Updated: 08/23/2021). Loan terms and availability are subject to change. Please refer to the Balance Credit website for the most up-to-date information and specific details regarding their loan products and services.