Lender Comparison
Arch (Deferred) vs SALT
Side-by-side comparison of rates, custody models, and loan terms.
Rate data verified May 23, 2026 · Updated weekly
Arch (Deferred) and SALT side by side
| Arch (Deferred) | SALT | |
|---|---|---|
| APR (min) | 8% | 9.95% |
| APR (max) | 10.99% | 14.45% |
| Max LTV | 60% | 70% |
| Min loan | — | — |
| Max loan | No stated max | No stated max |
| Custody model | qualified custodian | lender pool rehypothecation |
| Rehypothecation | No | Yes |
| Funding speed | — | — |
| States | — | — |
Key differences
On posted APR, Arch (Deferred) starts lower (8% vs 9.95%); whether that's the better deal depends on loan size and origination fees — both folded into the effective APR figures in our table above. Custody differs: Arch (Deferred) uses qualified custodian, SALT uses lender pool rehypothecation — a meaningful distinction for any borrower who weighs counterparty risk against rate. SALT rehypothecates collateral (re-lends pledged Bitcoin); Arch (Deferred) does not. The latter carries less counterparty risk if the lender becomes insolvent. SALT offers a higher maximum LTV (70% vs 60%), which means more buying power per BTC pledged but a narrower buffer before liquidation if Bitcoin's price falls.
About each lender
Arch (Deferred)
Bitcoin-backed loan with Anchorage Digital qualified custody, segregated wallets, $100M Lloyd's of London insurance, and explicit no-rehypothecation policy. The Deferred Interest variant (launched May 2026) carries no monthly payments — interest accrues to maturity or rolls into the next loan.
Full Arch (Deferred) review →SALT
Operating since 2016. APR tiered by LTV: 9.95% at 30% LTV, 10.95% at 50%, 14.45% at 70%. Terms explicitly allow rehypothecation. California DFPI suspended lending license in 2024; SEC fined in 2020 for unregistered ICO; paused withdrawals Nov 2022.
Full SALT review →Compare all 15 lenders
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