Launch next-gen line of credit programs
LoanPro’s API-first credit platform gives you the tools to
configure, deploy, and service innovative line of credit programs.
Modern Lending
and Credit Platform
LoanPro’s composable architecture provides you with the building blocks for every lifecycle step of a line of credit product.
Origination Suite
Ensure interest rates and disclosures are correct, but also attach several access points to the line of credit including a card.
Modern Lending Core
A reliable foundation that tracks all lifecycle events in our real-time ledger while using Compliance Safeguard to keep you in line with updated regulations.
Payments Suite
Setup AutoPay and provide ultimate payment flexibility with any payment method imaginable that’s supported in LoanPro.
Collections Suite
Provide payment flexibility and hardship programs for customers who are past-due on payments.
Servicing Suite
Automate servicing for the line of credit so customers can request draws, make payments, change due dates, and more.
The tools necessary to launch a fully configurable line of credit product
Transaction-level credit
Apply unique interest rates to specific merchants, categories of transactions, geolocations, or more (patent-pending innovation).
Sub-lines
Full support for as many sub-lines within a master line as is necessary, with unique rules for each sub-line.
Automation engine
Put servicing on autopilot through rule-based automations that run in the background.
Automate statements
Automatically generate statements that are supported via our robust APR calculator and real-time ledger.
Compliance safeguard
Ensure you’re always in compliance with state by state regulations through pre-built guardrails in our modern lending core.
Flip to installment
Provide ultimate flexibility through converting larger purchases into a simple installment loan.
Investor participation suite
Automate investor participation through calculations, money movement, reporting, and more.
Launch truly differentiated line of credit programs
LoanPro’s API-first, configurable architecture allows our customers to launch targeted, differentiated credit programs. Here are a few examples.
Consumer line of credit
New graduate line
of credit
Borrower experience:
- Holiday rate incentive: Rate moved from 15.9% to 5% for all purchases in November and December until April the next year.
- Flip to installment: Move large purchases to pay in 4 installment loan payments with the click of a button, reducing carrying costs for you and the borrower.
- Transaction-level credit: Set lower interest rates at retailers that cover necessities, such as auto repair and utilities.
Back-office experience:
- Cash back incentives: Offer cash back incentives alongside interest rate incentives, rebates, and more.
- Flexible payment acceptance: Accept payments in store, online, or on the phone, whether cash, card, check, or ACH, full or partial payments.
- Payment programs: Drive repayment by offering qualifying customers due date changes, payment plans, and hardship programs.
Business line of credit
Construction line
of credit
Borrower experience:
- Convert to installment: Convert transactions or balances to installment loans to reduce cost of capital.
- Transaction-level credit: Land purchase rolled into installments with 5% interest rate, materials remain on LOC at 10% interest rate, labor at 15% interest rate.
- Multiple access points: Direct disbursement to borrower for amounts <$5k ($50k total), remainder must be invoiced by contractor.
Back-office experience:
- Unique payment schedules: Create repayment schedules that align with varying merchant needs and your risk profile.
- Collateral tracking: Associate single or multiple pieces of collateral to a line of credit to reduce risk.
- Merchant cash advance: Tie repayment directly to revenue of the business to increase differentiation and reduce default rate risk.
Stand out and
stay ahead of the competition by launching a first-to-market line of credit program.
Increase operational efficiency
Automate servicing in the background to eliminate manual tasks.
Increase customer retention & loyalty
Create experiences that delight customers such as flip to installment, hardship programs, and more.
Drive growth
Stand out and stay ahead of the competition by launching a first-to-market line of credit program.
Reduce risk
Be confident and compliant with TILA and other regulations using LoanPro’s Compliance Safeguard.
Keep ahead of the game with a lending and credit platform that does more
API-first platform
Configurable end-to-end platform.- Compatible with your favorite partners and tools.
Compliance
- Keep on top of compliance needs, including CARD Act and SCRA requirements.
- Vetted solutions ensure your road to compliance comes with guardrails.
Configurability
- Support line of credit accounts of any type, from consumer cards to business lines.
- Ensure that your potential for growth is limited only by your imagination, not your software.
Scalability
- Scale your business without growing pains.
- Support millions of accounts from one unified system.
Related lending and credit programs
Installment loans
Create unique personal installment loans to differentiate in a crowded market.
Credit card
Launch a consumer credit card that is attractive beyond merely a rewards program.
Answers to your questions about LoanPro’s modern lending and credit platform
Can I link lines of credit to credit cards?
Yes. Either use an integrated card issuer or bring your own to issue physical, digital, or hybrid cards.
Can I issue lines of credit and installment loans?
Yes. Issue and service both lines of credit and installment loans within LoanPro. Link them to each other and to the same borrowers to drive growth and increased loyalty among your existing customers.
Can LoanPro be CARD Act Compliant?
Yes. Compliance Safeguard provides one-click compliance tools that let you align accounts with the CARD Act, reducing the risk of mistakes, fines, and lawsuits.
Do you support B2B accounts?
Yes. Add businesses as customers and link them to accounts. Issue multiple cards with individual restrictions to offer several spending tools.
Launch innovative credit products today
Talk with our team about how to
drive growth while increasing operational efficiency and decreasing default rates.