Mastercard and LoanPro announce partnership to modernize lending

Mastercard and LoanPro today announced a new strategic partnership to launch Loan on Card, a solution designed to enable lenders to deliver loans to approved consumer and small business borrowers through virtual and physical card-based experiences. Set to launch in 2026, Loan on Card will provide borrowers with instant access to funds that can be used anywhere Mastercard is accepted. Powered by Mastercard’s global payments network and Mastercard Installments Program, Loan on Card will be structured to allow lenders across all asset classes to combine the structure of a fixed-term installment loan with the convenience of a Mastercard card. This approach will give lenders greater control over loan enablement while providing borrowers with speedy access to funds. LoanPro will work with issuing banks and lenders participating in Mastercard Installments in order to enable the launch of Loan on Card.