Arch (Deferred) Review: 2026 Bitcoin Loan Comparison

Arch's Deferred Interest variant launched in May 2026 alongside the existing Monthly Payment product. The economics are identical on everything except cashflow timing: same Anchorage Digital qualified custody, same $100M Lloyd's of London insurance, same no-rehypothecation policy, same 60% maximum LTV, same 24-hour margin-call cure window, and the same 1.49% origination fee tiering down to 0.49% on the larger tiers. The difference is that the borrower makes no monthly payments — interest accrues over the loan term and settles either at maturity, as a lump sum, or by rolling the accrued interest into a new loan's principal at renewal.

APR (effective, inclusive of origination) is roughly 50 bps higher than the Monthly Payment matrix at every loan size: 10.99% (<$250K), 10.49% ($250K–$750K), 9.49% ($750K–$2M), 8.74% ($2M–$5M), and from 8.00% on custom-quoted $5M+ deals. Arch's marketing surface highlights the interest rate (9.50% / 9.00% / 8.50% / 8.25%) in larger type and prints the APR — which includes the origination fee — in smaller type below. The figures stored here are the APR per the comparison rule that all lender rates be effective APR.

Deferred interest creates a balloon at maturity unless rolled into a new loan, so total interest cost can exceed a monthly-pay alternative once compounding and the rate premium are netted. The structural attraction is cashflow timing — useful for borrowers who expect a discrete liquidity event (sale, refinance, vest) before maturity, or who simply prefer to avoid the monthly debit. Same state-exclusion list as the Monthly Payment product applies (CA, DE, HI, MS, MT, NV, ND, RI, SC, TX, VT).

• No monthly payments — interest accrues to maturity
• Option to roll accrued interest into a new loan's principal at renewal
• Anchorage Digital qualified custody
• $100M Lloyd's of London insurance
• Zero rehypothecation — explicit policy
• Segregated wallets
• Multi-collateral: BTC, ETH, SOL

• Carries a ~50 bps APR premium over the Monthly Payment tier — the deferral has a price
• 1.49% origination fee plus 2.00% liquidation fee (origination tiers down at higher loan sizes)
• Not available in 11 states: CA, DE, HI, MS, MT, NV, ND, RI, SC, TX, VT
• Balloon at maturity unless rolled into a new loan — total interest cost can exceed monthly-pay alternative

• ⚠ Balloon at maturity unless rolled into a new loan — borrower must plan for the lump-sum settlement
• ⚠ Same Bitcoin price-driven margin call mechanics as the Monthly Payment product apply

Arch (Deferred) is one of several options in the Bitcoin loan market. Borrowers often compare it alongside Arch (Standard), SALT, and Ledn. Each lender differs on APR range, custody model, rehypothecation posture, max LTV, and state coverage — factors that matter differently depending on your loan size and how much you care about custody transparency. The side-by-side comparison lets you sort and filter all Bitcoin loan lenders at once.