Arch Lending launches Bitcoin refinancing with 1-point rate target
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4 Articles
Arch Lending launches Bitcoin refinancing with 1-point rate target
Arch Lending has launched a crypto-backed loan refinancing program targeting interest rates at least one percentage point below borrowers’ existing rates, with origination fees waived for qualifying customers. Arch Lending said in its Nov. 12 announcement shared with crypto.news that…
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Crypto NewsArch Lending Launches Bitcoin Loan Refinancing, Targeting Lower Rates
Eligible borrowers can switch lenders without selling their Bitcoin. Arch pays off the old loan directly and aims to beat the existing rate. New York, NY Arch Lending has launched a refinancing program for Bitcoin-backed loans, giving borrowers a way to switch lenders and possibly pay less interest. A Bitcoin-backed loan lets someone [...]
Arch Lending presented a program to refinance cryptocurrencies-backed loans with the aim of offering eligible customers at least a lower percentage point. The firm will pay directly to the previous lender, although the margin and settlement rules of that credit will remain in effect while the collateral is transferred.
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