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InvestRight Lending: 800+ Monthly Loan Enquiries at 42% Lower CPL via Google Ads

A personal loan provider achieved 800+ qualified monthly enquiries at 42% lower cost-per-lead through a restructured Google Ads strategy with Performance Max, call tracking, and CRM lead quality scoring.

Google AdsSEBI Compliant AdsSearch + DisplayCall TrackingLeadSquared IntegrationPerformance Max
800+
Qualified Loan Enquiries/Month
42%
Reduction in Cost Per Lead
5.8x
ROI on Ad Spend
38%
Call-to-Qualified Lead Rate
Client
InvestRight Lending
Industry
Lending & Personal Finance
Location
Ahmedabad, Gujarat
Duration
10 Months Ongoing  ·  2024
Project Overview

About This Project

InvestRight Lending is a NBFC-registered personal lending platform based in Ahmedabad. They were running Google Ads in-house with a $5K/month budget, generating 200–250 leads/month at a CPL of $19 — most of which were unqualified. We rebuilt their entire Google Ads account: restructured campaign architecture, implemented call tracking, integrated with LeadSquared to feed back lead quality data, and launched Performance Max campaigns with SEBI-compliant ad copy. Within 10 months, they were generating 800+ qualified enquiries/month at $10 CPL — a 50% CPL reduction.

Google Ads
Call Tracking
LeadSquared
Performance Max
GA4
SEMrush
SEBI Compliance
Google Tag Manager
800+
Qualified Loan Enquiries/Month
42%
Reduction in Cost Per Lead
5.8x
ROI on Ad Spend
38%
Call-to-Qualified Lead Rate
The Problem

Challenges We Solved

Single Broad Campaign — No Structure

All keywords in one broad match campaign with no negative keywords, no audience segmentation, and no separation between brand, non-brand, and competitor terms — burning budget on irrelevant clicks.

Non-Compliant Ad Copy Triggering Policy Issues

Previous ad copy contained rate claims and guaranteed approval language that violated Google's Financial Services Advertiser policies — causing ad disapprovals and account warnings.

No Call Tracking — Phone Leads Invisible

60% of loan enquiries came via phone calls, but there was no call tracking in place — meaning the team had no data on which campaigns and keywords were driving phone conversions.

No Lead Quality Feedback Loop

Google's algorithm optimised for form submissions — but many of these were low-quality leads (wrong credit profiles, unrealistic loan amounts). No lead quality data was feeding back to inform bidding.

Missing High-Intent Query Coverage

Critical high-intent queries like "instant personal loan Ahmedabad" and "low interest loan India" were not being captured, while low-intent informational queries were consuming budget.

Zero Attribution for Offline Conversions

Disbursed loans — the actual business outcome — were not being tracked back to the Google Ads campaigns that generated the lead, making ROI measurement impossible.

Our Approach

How We Solved It

Account Restructure — 5 Campaign Types

Rebuilt the account into 5 distinct campaigns: Brand Defence, Non-Brand Exact, Non-Brand BMM, Competitor Conquest, and Performance Max — each with dedicated budgets, bids, and negative keyword lists.

SEBI-Compliant Ad Copy Framework

Created a compliance-cleared ad copy library with proper rate range disclosures ("Interest rates from 10.5% p.a."), eligibility disclaimers, and NBFC registration references — eliminating all policy violations.

Google Ads Call Tracking Implementation

Set up Google forwarding numbers on the landing page and in call extensions, tracking phone calls as conversions with 60-second duration threshold — immediately attributing 60% of leads previously invisible.

LeadSquared Quality Score Feedback

Integrated LeadSquared lead disposition data back into Google Ads as offline conversions — uploading "qualified" and "disbursed" outcomes so Smart Bidding could optimise towards loan disbursal, not just form fills.

Performance Max Launch for Loan Products

Launched Performance Max campaigns with first-party audience signals, custom asset groups for different loan types (personal, business, home), and optimised landing pages per product.

Geographic & Demographic Bid Modifiers

Applied +35% bid adjustments for ZIP codes with highest historical loan approval rates, and demographic layering targeting age 25–45, HHI 5L+ — dramatically improving lead qualification rates.

Execution

Our Step-by-Step Process

Every project follows a structured delivery framework ensuring quality, transparency, and measurable outcomes at every phase.

01
Account Audit & Restructure Plan

Weeks 1–2: comprehensive account audit, keyword research, competitor analysis, and new campaign architecture design.

02
Compliance Review

Week 2: all ad copy reviewed against Google Financial Services policy and SEBI guidelines. Compliance-cleared copy library created.

03
Call Tracking Setup

Week 2–3: Google forwarding numbers, call duration thresholds, and integration with LeadSquared call logs.

04
Campaign Launch & Baseline

Weeks 3–4: new account structure live, initial budget allocation, and first 2-week data collection before optimisation.

05
LeadSquared Integration

Weeks 4–6: offline conversion upload setup, lead quality scoring automation, and Smart Bidding transition to tROAS optimising towards qualified leads.

06
Performance Max Launch

Month 2: PMax campaigns with audience signals, creative testing (15 headlines, 5 descriptions, 10 images), and asset group performance review.

07
Ongoing Optimisation

Monthly: search term report review, negative keyword expansion, bid adjustment refinement, ad copy A/B tests, and lead quality reporting to client.

Measurable Outcomes

The Results We Delivered

800+
Qualified Leads/Month
from 220 at start
42%
Lower CPL
$19 → $10
5.8x
ROI
on $10K monthly ad spend
60%
Leads Attributed
from phone tracking
38%
Call Qualification
vs 12% before quality scoring
0
Policy Violations
all ad copy SEBI cleared

We had tried Google Ads twice before and wasted money both times. Digivance finally made it work — the call tracking alone revealed that half our best leads were coming from phone calls we had never attributed to ads before. The lead quality scoring feeding back to Google was the insight that changed everything for our disbursal rate.

M
Manish Shah
VP Marketing, InvestRight Lending
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