NestEgg decision engine hits £1/4bn of loans

This week NestEgg decision engine hits £1/4bn of loans assessed. The £250,000,000 represents 200,000 loans having been evaluated using the NestEgg decision engine.

But it’s the successes behind the overall big number that really matter.

For example, every month in the last year has seen record lending for Central Liverpool Credit Union.

Our latest London-based Credit Union has achieved an almost fourfold increase in the value of loans issued within two months of going live.

Credit unions in Northern Ireland are enjoying a 65% accept rate.

Even on days off NestEgg is working hard. Last Sunday Castle & Crystal Credit Union received £10,000 of loan applications. 6 in 10 were auto accepts.

Across 20 credit union clients, loan books are growing rapidly. Furthermore, so are the benefits for members.

We estimate that £1/4bn of loans has delivered at least £45m of interest savings to people living in the 20% most income-deprived neighbourhoods.

If you sign up for the NestEgg decision engine by August, we can get you live in time for Christmas lending. Five new clients have signed up in the last two weeks alone.

Join the lending revolution, as NestEgg decision engine hits £1/4bn of loans assessed.

Fill out the form below to get a demo.

More on »

Book a demo now

Adrian Davies

Adrian is a co-founder at NestEgg. He is an alternative finance and credit union expert. Adrian has 25 years’ experience in the money advice and responsible lending sectors, supporting credit unions with innovative ideas so they can grow and meet member needs.

Get insights into responsible lending

Enter your email to get insights once or twice a month

No spam. Unsubscribe anytime.

Something went wrong. Please check your entries and try again.