Pre-approval lets you know if you qualify for an Avvance installment loan before you make a purchase. If you’re pre-approved, you’ll see your spending power, or maximum loan amount, which can help make your purchase affordable.
Get your customers pre-approved up to $25,000 with Avvance
With pre-approval, U.S. Bank Avvance delivers qualified leads to you with greater spending power.
Unlock the power of pre-approval
Share your unique Avvance link with customers so they can find out if they are pre-approved for a U.S. Bank Avvance installment loan.
Customers complete a short, online form and receive a real time decision for their pre-approval amount.
Pre-approved customers are qualified leads. We notify you who is pre-approved so you can finalize the sale.
Why pre-approval?
Get the most qualified leads delivered directly to you
Introducing pre-approval into your sales process can help drive higher sales opportunities, better conversion, and higher average order sizes.
Leverage interest to drive sales
When you offer pre-approval for Avvance financing, it allows your customers to explore financing options in real time with no impact to their credit score for checking.
Ready to share marketing materials to inform your customers?
Web Page
Put pre-approval front and center on your website, with simple instructions and graphics to show them how they can leverage Avvance in their next purchase.
Social Media
Teach potential customers how to pre-qualify by using social media posts and videos from our Resource Library.
Posters + Flyers
Place pre-approval QR codes and links on posters, door hangers, flyers, signs, and more to make the process simple and easy.
Signage
Make it a seamless pre-approval experience for customers to see your product and find out how much they qualify for.
Hand your customers their spending power
Transparent funding
Your buyers know exactly what they’re getting when they are pre-approved with Avvance. Pre-approved customers can view how much they're approved for, and monthly payment options.
Personalized rates
When a customer uses pre-approval for Avvance financing, they can see a range of terms based on their needs, and can customize options built around their needs.
Spending power =
Confidence
Avvance gives buyers up to $25,000 of spending power, giving them the confidence to make the purchases that matter most to them.
Give your customers the spending power they need.
Empower your customers with more financial flexibility when you offer pre-approval with Avvance.
FREQUENTLY ASKED QUESTIONS
Answers to your hard-hitting business questions
Spending power refers to the maximum Avvance loan amount you may use for a single transaction. Your spending power is based on your financial background and creditworthiness.
No. Getting pre-approved typically involves a soft credit inquiry, which does not affect your credit score. However, when you finalize your Avvance loan and complete your purchase, a hard credit inquiry may be needed. Don’t worry, we will let you know prior to confirming your Avvance installment loan.
Start by completing an online application with a merchant that offers Avvance as a payment option. You’ll be asked to provide your identity, address and income information. You’ll receive an instant decision on whether you qualify for an Avvance installment loan and, if you do, your pre-approved spending power.
You’ll have 15 days to use your pre-approval on a single transaction with an Avvance installment loan. The pre-approval expiration date will be shown to you once you’re pre-approved and when you go to complete your purchase. You can have one valid pre-approval open at any given time.
After your pre-approval expires, you may need to re-apply for an Avvance pre-approval with a participating merchant.
If you have a valid pre-approval, you don’t need to take any special action to use it. Once you’re ready to complete your purchase, we will match the mobile number you provided on your pre-approval application when you check out with Avvance.