Loan on Card: a new way to deliver credit

Borrowers expect instant access and intuitive experiences. And yet, most lenders lose customers between loan approval and usage. Loan on Card, launching in 2026 from LoanPro and Mastercard, fixes this by provisioning funds instantly to mobile wallets the moment a loan is approved. It combines the structure of an installment loan with the convenience of a Mastercard.

What is Loan on Card?

Loan on Card delivers fixed-term installment loans directly to borrowers via Mastercard credentials provisioned instantly to their mobile wallet. It's not a revolving credit card. It's a loan with card-based access. You control the loan terms and experience, while borrowers get immediate spending power anywhere Mastercard is accepted. Optional physical cards can also be issued.

Why traditional loan disbursement is holding you back

If you're still relying solely on ACH transfers to disburse loan funds, you're dealing with delayed access that frustrates borrowers, limited flexibility in how they can use proceeds, reduced digital reach in a mobile-first world, and missed opportunities to differentiate your lending products.

The market has evolved. Consumer payments went digital. Business payments went digital. It's time for loan disbursement to catch up.

The business case for Loan on Card

Instant competitive advantage

Speed matters, and so does reach. Loan on Card lets you distribute at the point of sale without building merchant partnerships or integrating at checkout. When borrowers can access approved funds immediately through their mobile wallet and use them wherever they're shopping, you're delivering a best-in-class experience that eliminates the friction between approval and usage.

Complete program control

With Loan on Card, you decide where funds can be spent (anywhere Mastercard is accepted, specific merchants, or industry verticals), within what timeframe (set spend windows like 30 days), the terms of the loan, and how interest, fees, and promotions are applied.

You maintain ownership of the borrower relationship, underwriting decisions, and product terms while leveraging Mastercard's global infrastructure.

Enhanced borrower satisfaction

Borrowers get immediate mobile wallet access, universal acceptance anywhere Mastercard works, predictable fixed payments without revolving balances, and the security of the Mastercard network.

Expanded market opportunities

Loan on Card works across virtually any class of loan for both consumer and small business lending. Deliver capital exactly when and how your borrowers need it.

Stronger customer relationships

Loan on Card opens doors to new loyalty programs, enhanced data insights through permissioned transaction data, and deeper borrower engagement throughout the account lifecycle.

Flexible program configurations

Many credit solutions force you to give up control over the experience, the disclosures, or the economics. With Loan on Card, you own every piece. Configure your program based on your business model:

Open loop (broadest acceptance): Allow borrowers to use funds anywhere Mastercard is accepted. Ideal for general-purpose installment loans where borrowers choose how and where to spend.

Closed loop (merchant-specific): Restrict use to a single merchant or merchant group. Perfect for partnerships where you want to offer financing directly at specific locations, such as healthcare systems or auto dealers.

Vertical program (controlled spend): Limit usage to specific industries or merchant categories using MCCs. Great for home improvement lenders, medical financing, or any vertical-focused lending.

Blended strategy (targeted promotions): Layer promotional financing on top of open or vertical programs. Offer 0% APR at preferred partners while maintaining broader card access.

How Loan on Card works

The process is straightforward:

1. Approve the loan using your existing underwriting criteria
2. Deliver funds instantly via a Mastercard Installments Credential
3. Provision to mobile wallet by default for immediate borrower access
4. Borrower uses funds anywhere Mastercard is accepted
5. Collect predictable payments through fixed installment terms

LoanPro works directly with issuing banks and lenders participating in Mastercard Installments to enable seamless implementation.

Who benefits most?

Loan on Card is ideal for lenders who want to differentiate their product offerings in a competitive market. They can serve small business borrowers who need quick access to working capital, or focus on consumer lending where speed and convenience drive satisfaction. Modernizing their technology stack without replacing core systems, lenders still maintain control over the customer experience while leveraging best-in-class infrastructure.

Better economics, not just better experience

Loan on Card isn't just about borrower satisfaction. It's a smarter business decision.

• Convert more loans through POS distribution without building merchant partnership programs
• Charge interest immediately by distributing funds in real time
• Preserve float while funds are available but unspent
• Reduce servicing load through self-serve portals, automation, and real-time reporting
• Retain customers by owning the data, relationship, and entire experience
• Stay compliant with configurable compliance guardrails and automated disclosures for TILA, SCRA, and more

The future of lending is digital

The lending landscape is more competitive than ever. Borrowers expect instant, mobile-first experiences, and traditional ACH disbursement no longer cuts it. Loan on Card represents the next evolution in lending, combining the structure of installment loans with the speed of digital payments.

Whether you're an installment lender entering point-of-sale distribution, a regional bank, or a financial organization embedding credit, Loan on Card gives you the tools to compete with the biggest players without giving up control.

Ready to modernize your lending operations?

Loan on Card launches in 2026, offering a robust new way to deliver funds and compete more effectively. Contact LoanPro to discover how you can be ready for the future of digital lending.

Key takeaways

• Loan on Card eliminates the approval-to-usage gap by provisioning funds instantly to mobile wallets
• It's a loan with card-based access, not a revolving credit card. Fixed terms, predictable payments.
• Reach customers at point of sale without building merchant networks or integrating at checkout
• Full program control: decide where funds can be spent, timeframes, terms, and promotional structures
• Configure as open loop, closed loop, vertical, or blended programs based on your strategy
• Improve economics through immediate interest accrual, preserved float, and reduced servicing costs
• Built-in compliance guardrails for TILA, SCRA, and state-level requirements
• Launches in 2026 through LoanPro's partnership with Mastercard

About LoanPro

LoanPro is the modern lending platform trusted by 600+ lenders to innovate faster, drive meaningful growth, and optimize operational efficiency.