Diploma in Asset Finance (DipAF)

Level 5 Diploma in Asset Finance (DipAF)

Asset finance is a vital and constantly evolving part of the economy. If you work in asset finance, you need to be confident you're making sound business decisions to keep yourself – and your organisation – competitive.

Studying the DipAF will enable you to demonstrate the high level of expertise and professionalism that you need.

With study materials that relate to the practical work of asset finance, you'll gain a comprehensive understanding of the whole industry – including economic and social trends, legislation and regulation.

DipAF is being revamped to support your career development in a more flexible and user-focused way. The new version will be available to register for from 8 January 2025, and available to study from 28 January 2025.

What’s changing?

On-demand learning and assessment: Assessments can now be taken when you’re ready, rather than following a fixed schedule. Each unit is assessed by one multiple-choice exam.

Flexible exam booking: Choose a date, time, and venue that suits you, including the option for remote invigilation.

Faster progression: Complete the qualification at your own pace with same-day assessment results.

Increased flexibility: Progress through the units with an overall expiry date, allowing you to sit exams at any point within your registration period.

Created in collaboration with The Finance and Leasing Association (FLA) DipAF gives you the skills needed to succeed and become a trusted expert.

While studying with us, you’ll become a Member of LIBF (MLIBF), receiving benefits including careers support and access to professional networking events.

Key information

Fees

FLA Members £2,700 (£900 per unit) – price includes study materials and exam entry
Non-FLA members £3,300 (£1,100 per unit) – price includes study materials and exam entry

Study duration

You’ll have 15 months to complete the unit(s) that you register for

Units

Three

What your studies will cover

Why businesses need asset finance
Essential business management and competitive strategies
The asset leasing sector, legal and regulatory requirements
Sales and account management processes
FLA's Business Finance Code

How will I study?

This qualification is online. Progress through units at your own pace.

Designed by the industry for the industry, the Diploma in Asset Finance is the must-have qualification for anyone building their career in this sector.

Stephen Haddrill

Director General, Finance & Leasing Association

Your qualification at a glance

Assessments

You can take exams at a test centre or at home with remote invigilation.

Your first exam is included in the registration fee for each unit.

You'll receive a digital certificate once you've passed.

Regulation

This qualification is registered with Ofqual in the Regulated Qualifications Framework (RQF).

What study materials do I get?

Included in your fee, you’ll get the following study materials:

digital study text including interactive and reflective activities
end-of-topic multiple choice quizzes
student handbook
access to online student forum to speak to peers
suggested weekly study planner to stay on track
unit syllabuses
one specimen exam per unit
online access to our student portal, MyLIBF
online access to our virtual library, KnowledgeBank.

Units

DipAF consists of three units.

Are you eligible for an exemption?

If you have qualifications from us or another awarding body, we may be eligible to apply for recognition of prior learning.

DipAF is an excellent area of study for those that are new to asset finance and equally to experienced professionals within the industry. Up to date with the latest economic and social trends, legislation and regulation, the learning material was varied including reading, video and audio and was well balanced to encourage students to participate in further reading and discussion. The forums and opportunities to interact with other students also helps provide a broader understanding of the topics than personal experiences alone can provide. In addition, the opportunity to further progress studies to the LIBF Professional Banking and Finance Diploma was a welcome and rewarding extension.

Paula Millward

MLIBF DipAF PDipB&F, JCB Finance

Assessments

Each unit is assessed by a 1.5-hour multiple-choice question (MCQ) examination made up of:

ten multiple-choice questions (worth 10 marks)
six case studies with five linked multiple-choice questions (worth 30 marks).

You will need to achieve at least 28/40 (70%) to pass each unit. To complete the DipAF qualification, you must achieve a pass in all three units.

You can book your own exam at a date and time that suits you. Sit your exam at your local test centre, or at home through remote invigilation.

Exam and assessment information