Millennial Pocket
  • Home
  • About
  • Banking
  • Financial Banking
  • Forex
  • Contact Us
No Result
View All Result
  • Home
  • About
  • Banking
  • Financial Banking
  • Forex
  • Contact Us
No Result
View All Result
Millennial Pocket
No Result
View All Result
Home Banking

How One Financial Institution Doubled their Holiday Loans with One Email in Core iQ

eoe86 by eoe86
May 25, 2022
in Banking
0
How One Financial Institution Doubled their Holiday Loans with One Email in Core iQ
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Student Loan Discharge in Bankruptcy: A New Hope for Minnesotans

November 30, 2023
Take On High Rates with a Buydown

Take On High Rates with a Buydown

November 27, 2023

A $517M financial institution sought to boost their personal loans with a special offer to their account holders around the holidays. This financial institution leverage Core iQ to send a personal loan holiday email as part of their campaign ultimately generating over $2.75 million in new loans.

The Offer

The financial institution promoted payments as low as $95/month when borrowing for $5,000 for 5 years. Their offer included rates as low as 4.99% APR for a maximum of 60 months for those that took advantage of the offer before December 31st. They ran this special holiday offer from November 12th – December 31st.

The Audience

Leveraging Core iQ, this financial institution leveraged their data to create a custom audience of over 18,000 of their account holders to promote this holiday offer, including:

  • No delinquent loans
  • No repeat NSF
  • No fees owed to the financial institution or charge offs
  • No bankruptcy
  • No credit/debit card or indirect denials
  • No checking account closed

The Communications

To kick off their campaign, this financial institution used Core iQ to send their account holders a holiday themed personal loan promotional email.

Core iQ - Holiday Personal Loan Email Example

The Results

In total, this financial institution was able to generate 377 new personal loans as part of their entire 6-week holiday promotional campaign resulting in $2,753,747 in loan origination.

The email sent from Core iQ to begin their campaign accounted for more than 58% of the overall loans. The financial institution sent out this email to 18,129 of their account holders and 17,273 of those emails were delivered. This email opened by 44% of the audience with 7,650 opens and saw a conversion rate of 1.2%.The email campaign alone converted 222 new personal loans generating $1,469,351 in loan origination.

Holiday Personal Loan Email Stats

Want to see how Core iQ can boost your personal loan promotions at your financial institution?

Contact us today to get the conversation started!

The post How One Financial Institution Doubled their Holiday Loans with One Email in Core iQ appeared first on Onovative.

Share76Tweet48

Related Posts

Student Loan Discharge in Bankruptcy: A New Hope for Minnesotans

by eoe86
November 30, 2023
0

Have you heard that getting rid of student loans through bankruptcy was almost impossible? Well, things are changing, especially for...

Take On High Rates with a Buydown

Take On High Rates with a Buydown

by eoe86
November 27, 2023
0

When you’re ready to obtain a mortgage loan, there is actually something you can do to ensure your mortgage payments...

PREPARING FOR END OF YEAR, A FIVE PART SERIES: Compliance and Risk Assessments

PREPARING FOR END OF YEAR, A FIVE PART SERIES: Compliance and Risk Assessments

by eoe86
November 20, 2023
0

It’s month four of our five-part series preparing for 2024. So far we’ve covered budgets and fee schedules and insurance...

Effective Communication Tactics for Fraud Awareness

by eoe86
November 17, 2023
0

As trusted community advisors, banks and credit unions play a pivotal role in fostering awareness and educating account holders on...

Nebraska Mortgage Association Recognizes Core Bank Mortgage Lenders

Nebraska Mortgage Association Recognizes Core Bank Mortgage Lenders

by eoe86
November 15, 2023
0

  Core Bank is proud of the mortgage team members (left to right – Joe Drollinger, Georgia Vaughan, Brett Davis,...

Load More
  • Trending
  • Comments
  • Latest
Inclement Weather Update

Inclement Weather Update

September 26, 2022

Wire Fraud

September 7, 2022
What is Deposit Insurance and What Does it Cover?

What is Deposit Insurance and What Does it Cover?

August 15, 2022

Online Banking will be unavailable tonight from 8pm CT/9pm ET – 8:15pm CT/9:15pm ET for routine maintenance. We apologize for any inconvenience.

September 20, 2022

Student Loan Discharge in Bankruptcy: A New Hope for Minnesotans

0
Core Bank Breaks Ground on New Sarpy County Location

Core Bank Breaks Ground on New Sarpy County Location

0
How to be a Smart Holiday Shopper

How to be a Smart Holiday Shopper

0
Make Saving Part of Your Resolution

Make Saving Part of Your Resolution

0

Student Loan Discharge in Bankruptcy: A New Hope for Minnesotans

November 30, 2023
Take On High Rates with a Buydown

Take On High Rates with a Buydown

November 27, 2023

Cyber Monday is finally here

November 27, 2023
PREPARING FOR END OF YEAR, A FIVE PART SERIES: Compliance and Risk Assessments

PREPARING FOR END OF YEAR, A FIVE PART SERIES: Compliance and Risk Assessments

November 20, 2023

About

Investors aim to make money and build wealth over time through the practise of investing. There are a variety of ways to generate future income, and an investment can be defined as any of these methods.

Recent Post

Student Loan Discharge in Bankruptcy: A New Hope for Minnesotans

November 30, 2023
Take On High Rates with a Buydown

Take On High Rates with a Buydown

November 27, 2023

Categories

  • Banking
  • Financial Banking
  • Forex
  • Home
  • About
  • Forex
  • Banking
  • Financial Banking
  • Contact Us
  • Privacy Policy
  • Terms And Conditions

Copyright@2022 All rights reserved by Millennial Pocket

No Result
View All Result
  • Home
  • About
  • Banking
  • Financial Banking
  • Forex
  • Contact Us

Copyright@2022 All rights reserved by Millennial Pocket

Please wait...

Subscribe to our newsletter

Want to be notified when our article is published? Enter your email address and name below to be the first to know.
SIGN UP FOR NEWSLETTER NOW