Beehive Signature Loans
Signature Loans in Utah: Bigger Amounts, Fixed Payments, Zero Fees
- $200–$2,500 with a fixed 12-month term
- Payments matched to your paydays: weekly, biweekly, semi-monthly, or monthly
- No origination fee, no late fees, no prepayment penalty
- Interest-only pricing that drops as you borrow again
Two products, two jobs
Payday Loan or Signature Loan?
An honest comparison. The short version: if the need can't be repaid from a single paycheck, a signature loan is the right tool.
A payday loan fits when
- A small, one-time expense
- You can repay in full from your next paycheck
- You only need it for about 14 days
Small amount ($100–$1,000), one payment on your next payday, flat fee-based pricing.
A signature loan fits when
- You need more than a payday loan covers, up to $2,500
- Repayment needs to spread across months, not one paycheck
- You want a hard payoff date: debt-free in 12 months, sooner if you pay early
- You want zero fees: pricing is interest, nothing else
Larger amount ($200–$2,500), fixed installments over 12 months, interest-based pricing, no balloon payment.
No fine print
How the Interest Works
Signature loan pricing is one thing only: daily simple interest on what you still owe. Here is exactly how it behaves.
Daily, on the remaining balance only
Each day, interest accrues at your annual rate ÷ 365, applied to your remaining principal. Every payment covers the accrued interest first, then reduces principal, so each payment shrinks tomorrow’s interest.
Never compounds
Interest is never charged on unpaid interest. Your balance can only accrue interest on principal, period.
No late fees, ever
Paying late means more days of interest accrue until you pay, nothing else. A $35.00 NSF fee applies only if a payment is returned, once per occurrence, never stacked.
Pay off early, pay less
Your loan has a fixed 12-month endpoint, and paying early only shortens it. Log in to your borrower portal, open your loan, and click ‘Make a Payment’; interest stops the day your balance hits zero. No prepayment penalty. And because there are no fees, your APR equals your interest rate, one number, not two.
The Bee Rewards Program
Your Rate Drops as You Climb
The only Utah lender where repeat borrowing lowers your rate on every product. Signature APR falls from 250% to 175% as you move up, and completed loans of either type count toward your tier.
| Tier | Loans completed | APR (= interest rate) | Origination fee | Perks |
|---|---|---|---|---|
 Worker Bee | 1–3 completed loans | 250% | Always $0 |
|
 Drone Bee | 4–7 completed loans | 225% | Always $0 |
|
 Queen Bee | 8–12 completed loans | 200% | Always $0 | Best rates on every product |
 Hive Master | 13+ completed loans | 175% | Always $0 | Best rates on every product |
Every Beehive rate and fee is published on the Rates & Fees page, and how the ladder works has the full program rules.
The numbers, in writing
What a Signature Loan Costs
Computed from our published rates, not marketing rounding. Both examples assume every payment lands exactly on schedule.
Representative example: Worker Bee tier
$1,000 borrowed at 250% APR (Worker Bee tier), repaid in 26 biweekly installments of $105.89 over 12 months.
- Total of payments
- $2,752.70
- Total interest
- $1,752.70
- APR
- 250%
Your rate depends on your Bee Rewards tier. Paying early reduces total interest; this example assumes every payment is made exactly on schedule.
Representative example: Hive Master tier
$1,000 borrowed at 175% APR (Hive Master tier), repaid in 26 biweekly installments of $82.47 over 12 months.
- Total of payments
- $2,144.30
- Total interest
- $1,144.30
- APR
- 175%
Same $1,000 loan, 26 biweekly payments: reaching Hive Master saves $608.40 in total interest versus Worker Bee.
The real cost is time in debt
Borrow for the Shortest Term That Fits
A signature loan has a fixed 12-month endpoint: no re-borrowing treadmill, no multi-year amortization tail, and paying off early stops interest the same day. Here is what the same loan costs when the term stretches.
| Product | APR | Term | Monthly payment | Total of payments | Time in debt |
|---|---|---|---|---|---|
| Beehive Signature Loan (Worker Bee)★ | 250% | 12 mo | $232.31 | $2,787.83 | Debt-free in 12 months |
| Beehive Signature Loan (Hive Master) | 175% | 12 mo | $181.21 | $2,174.52 | Debt-free in 12 months |
| Typical high-rate online installment loan | 299% | 24 mo | $250.37 | $6,007.76 | 2 years in debt |
| Typical high-rate online installment loan | 299% | 36 mo | $249.25 | $8,980.78 | 3 years in debt |
| Subprime personal loan | 99% | 60 mo | $83.22 | $4,987.29 | 5 years in debt |
Comparison rates reflect typical pricing for high-rate online installment loans; Utah imposes no rate cap on these products. If you qualify for lower-cost credit (a credit union loan, a 36% personal loan, or a 0% option), use it instead. Our loans are for when those aren't available.
Model your loan
Signature Loan Calculator
Pick an amount, your Bee Rewards tier, and how you're paid; see your installment, total interest, and the full payment schedule.
$200–$2,500
Your signature loan
- Payment amount Every 2 weeks
- $105.89
- Number of payments
- 26 over 12 months
- Total interest
- $1,752.70
- Total of payments
- $2,752.70
- APR (= interest rate)
- 250%
No origination fee, no late fees, no prepayment penalty. The only possible fee is $35.00 if a payment is returned. With no fees, your APR equals your interest rate.
At Hive Master (175%), this same loan would cost $608.40 less.
Pay your balance in full any time: log in to your portal and click 'Make a Payment'. Interest stops the day your balance hits zero. No prepayment penalty.
Easy to qualify
What You Need
The same simple requirements as every Beehive loan, with identity and income verification links sent right after you apply.
- Valid Utah-issued ID
- Checking account open for 30+ days
- Verifiable, steady source of income
- Utah resident, 18 or older
- Working email address and phone number
Questions
Signature Loans: FAQ
How is a signature loan different from a payday loan?
A payday loan is a small amount ($100–$1,000) repaid in one payment on your next payday. A signature loan is larger ($200–$2,500), repaid in fixed installments over 12 months, and priced as interest only, with no fees and no single balloon payment.
How is the interest calculated?
Interest accrues daily on your remaining principal balance only: your annual rate divided by 365, times the balance. Every payment covers the accrued interest first, then reduces principal, so each payment shrinks tomorrow's interest. Interest is never charged on interest.
What happens if I pay late?
There is no late fee. Paying late simply means a few more days of interest accrue on your balance before it shrinks. The only fee on this product is a $35.00 returned-payment (NSF) fee, charged once per occurrence and never stacked.
Can I pay it off early?
Yes, in full, at any time, with no penalty. Log in to your borrower portal, open your loan, and click 'Make a Payment'; interest stops accruing the day your balance hits zero, so paying off early always reduces your total interest.
How do payments line up with my paycheck?
Your payment schedule follows how you're paid: 52 weekly, 26 biweekly, 24 semi-monthly, or 12 monthly installments over the 12-month term. You don't pick a term; the frequency follows your paydays.
How do I lower my rate?
Through the Bee Rewards Program. Your APR drops from 250% at Worker Bee to 175% at Hive Master as you complete loans, and completed loans of either type, payday or signature, count toward your tier.
Is there a credit check?
A soft pull only, the same as our payday product. Your income is the primary underwriting factor, and applying never affects your credit score.
Is Beehive licensed to offer signature loans?
Yes. Signature loans are offered under Beehive Loans' Consumer Credit Notification (CCN) registration with the State of Utah, separate from the license that covers our payday product. Both registrations can be verified through the Utah Department of Financial Institutions.
Bigger Needs, Steady Payments, Zero Fees
Apply in about a minute. Fixed installments that match your paydays, and a rate that falls as you come back.