Mastercard has partnered with lending platform LoanPro to launch Loan on Card, a new solution designed to streamline how lenders disburse funds and how borrowers access installment loans.
The initiative, slated to launch in 2026, combines the structure of fixed-term installment lending with the global acceptance of the Mastercard network. By leveraging the Mastercard Installments Program, lenders can issue funds directly to a virtual or physical card, removing the traditional reliance on slower payment rails like ACH transfers.
Modernising disbursement
Historically, personal and installment loans have often relied on ACH transfers for disbursement, a method that can introduce friction regarding immediacy and digital reach. The ‘Loan on Card’ solution addresses this by providing approved consumer and small business borrowers with instant access to funds.
For borrowers, the product offers the familiarity of card-based payments—usable online or in-store anywhere Mastercard is accepted—while maintaining the financial predictability of a fixed-term installment loan with no revolving balance. The credentials can be provisioned directly to a mobile wallet by default.
For lenders, the integration offers a way to retain tighter control over the loan lifecycle while modernising the customer experience. By issuing a Mastercard credential, lenders can deliver funding directly to the borrower’s digital wallet, bypassing complex transfer processes.
Stefany Bello, senior vice president, digital partnerships, fintech & enablers, U.S., at Mastercard, commented: “The Loan on Card concept is a powerful example of how technology can simplify lending for financial institutions and borrowers. Together, Mastercard and LoanPro intend to help lenders to deliver flexible funding to consumers and small businesses with the reach and trust of the Mastercard network.”.
Rhett Roberts, CEO and co-founder of LoanPro, added that the partnership has the potential to “empower lenders to innovate while maintaining full control over the customer experience.”.
The partnership signals a continued focus on diversifying lending capabilities, moving beyond traditional credit structures to support more flexible, tech-driven financing models demanded by the modern market.