Personal Information - name, address, phone number, date of birth, social security number, driver's license, email address. | |
Income Details - income source, pay frequency, pay method, monthly income | |
Bank Specifics - bank name, account type, bank account, and routing numbers, bank user ID, and password |
An installment loan is a type of personal loan where a set amount of money is borrowed, also known as the loan amount. The loan is then repaid over a fixed number of equal payments, called installments. Installment loans typically have fixed payment amounts, meaning the amount generally doesn't change over the life of the loan, although returned payments, late payments, and non-payments may result in additional fees or charges that may impact your final payment. A reputable company will disclose all the payment terms including amounts and dates before you sign the loan agreement. Compared to payday loans, installment loans generally offer more time to repay, typically ranging from 3 to 24 months.
Versatility is one of the main attractive features of an installment loan. You can get an online installment loan to pay for various things like an emergency purchase, such as a vehicle repair, a new set of tires or to help pay off bills. A personal loan, also known as a type of installment loan, could be used for a variety of purchases. For example, they can be used to pay for:
Short-Term Financial Needs - Always expect the unexpected. Then, when it happens, have a plan to get your short-term financial needs met. | |
Vehicle Repairs - When auto troubles strike, get the money you need for repairs fast.* | |
Family Emergencies - Your family depends on you. Depend on us when you need it most. | |
Major Purchases - Need to make a major purchase? You could get the funds you need as soon as tomorrow.* |
Big Picture Loans offers no hassle, bad credit, or fair credit, online installment loans between $200 and $3,500. With valid contact information and a valid bank account, your application can be quickly processed, with money deposited into your account as soon as the next business day* for installment loan applications approved before 5:00 pm CST. Plus, timely repayment of your personal loan can reduce the interest amount paid on any future loans. So don't settle for a typical cash advance or payday loan, apply for a Big Picture Loans Installment Loan today!
One benefit of installment loans, in many cases, is that they come with fixed payments. The core components of the fixed payments of a fixed interest rate loan will typically remain the same every month until you pay off your loan. However, in some cases, the last payment may differ based on payment history.
A fixed payment amount along with a fixed scheduled payment make it easier to budget for your loan payment each month. This could help avoid missing a payment since it is an expected expense.
Another benefit of installment loans is the comfort of knowing your loan debt will be paid off by a specified date or possibly sooner if you make additional principal payments. After you're done paying the number of installments as required in your loan agreement, your loan should be paid off in full.
Get approved in just three steps!
Step 1: Apply
Step 2: Select loan amount (up to $3,500)
Step 3: Get approved
Receive Funds!
IMPORTANT INFORMATION ABOUT PROCEDURES FOR APPLYING FOR A LOAN – To help fight the funding of terrorism and money laundering activities, and to comply with Tribal law and the spirit of federal law requiring all financial institutions to obtain, verify and record information that identifies each person who applies for a loan, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask for your driver’s license number or other identifying documents.
* Loan approval, and amounts are based on minimum income amounts, other credit criteria, and verification of the information you provide during the application process. Big Picture Loans, LLC (“Big Picture Loans®”) will run credit checks on all applicants and may review credit information from specialized credit bureaus. Big Picture Loans reviews and approves all loans on Tribal land at its office located at E23970 Pow Wow Trail, Watersmeet, MI 49969. 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. Business Day means Monday through Friday excluding all federal banking holidays. The loan documents and authorizations, including the loan agreement, depend on time-sensitive factors. Despite our best efforts, unavoidable delays in the review process can happen. If we are unable to verify your information within two Business Days after you submit your application, the loan documents and authorizations may need to be modified to accurately reflect certain payment disclosures, and you may be required to carefully review and submit new documents reflecting these changes.
** Returned payments, late payments, and non-payments may result in additional fees, charges, or collection activities pursuant to the terms of your loan agreement and as allowable under Tribal and applicable federal law.
*** Big Picture Loans is a wholly owned subsidiary of Tribal Economic Development Holdings, LLC, a wholly owned and operated economic arm and instrumentality of the Lac Vieux Desert Band of Lake Superior Chippewa Indians (“Tribe”), a federally recognized Indian tribe, created for the benefit of the Tribe and operating pursuant to Tribal law. Big Picture Loans is a duly licensed Financial Services Licensee of the Lac Vieux Desert Tribal Financial Services Regulatory Authority, an independent regulatory body of the Tribe, and operates in accordance with the Lac Vieux Desert Band of Lake Superior Chippewa Indians Tribal Consumer Financial Services Regulatory Code, which can be found here: Tribal Consumer Financial Services Regulatory Code.pdf.
If Big Picture Loans approves your loan it will be governed by Tribal law, applicable federal law and your loan agreement. The laws of your resident state may have interest rate limits and other protective laws that are more favorable. If you wish to have your resident state law apply, you should consider taking a loan from a licensed lender in your state. Availability of installment loans
You can contact us at Support@BigPictureLoans.com or at PO Box 704, Watersmeet, MI 49969-0704. To access a copy of Big Picture Loans Privacy Notice, please click here: Privacy Notice. Any unauthorized reproduction, distribution, or disclosure is prohibited without Big Picture Loans’ express written consent.
Consumer Notice:
Our loans should be used for short-term financial needs only, not as a long-term financial solution. Individuals with credit difficulties should seek credit counseling. For more information, please see our Financial Wellness Page.