Platform Comparison
Arch vs Figure: Revolving Credit vs Low APR
Compare Arch Lending and Figure for Bitcoin-backed loans. Revolving credit vs fixed-term, custody models, APR, fees, and safety scores.
Arch Lending and Figure are newer entrants that compete on rate and product structure. Arch offers a genuine revolving line of credit with Anchorage custody and no rehypothecation. Figure offers a 9.999% effective APR example on its tracked 12-month BTC product with MPC custody and current no-rehypothecation language. If you need draw-and-repay flexibility, Arch's line of credit is superior.
Arch is stronger on product flexibility: a revolving line of credit with Anchorage custody, no-rehypothecation language, and up to 60% LTV. It fits borrowers who want ongoing access to capital.
Figure is stronger on predictable fixed-term pricing (9.999% effective APR) and same-day funding on its tracked BTC product. It fits one-time borrowers who want a simple, sub-10% effective rate example.
Head-to-Head Comparison
Key Differences
- Arch Lending offers a lower starting APR (7.25% vs 8.91%)
The Verdict
Which platform is right for you?
→ Pick Arch Lending if:
- • You want a revolving line of credit (draw and repay anytime)
- • No rehypothecation is important to you
- • You value Anchorage Digital custody (federally chartered bank)
- • You want up to 60% LTV with institutional custody
- • You're a repeat borrower who needs ongoing access
→ Pick Figure if:
- • You want a simple 9.999% effective APR on a fixed 12-month BTC loan
- • You need same-day funding on a tracked BTC product for a single loan
- • You're comfortable with custodial/MPC collateral rather than borrower-held keys
- • You only need a one-time fixed-term loan
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