A focused man in a chequered shirt attentively working on his finance diploma on a laptop in an office environment.

Financial services Level 5 Diploma in Asset Finance (DipAF)

Level 5 Diploma in Asset Finance (DipAF)

Asset finance is a vital and constantly evolving part of the economy. And 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 get a better understanding of the whole industry – including economic and social trends, legislation and regulation.

As we created DipAF with The Finance and Leasing Association (FLA), we know it will give you the skills you need to succeed and become a trusted expert. If you choose to continue your studies after DipAF, you could be on your way to chartered status.

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


  • FLA Members £3,300 – price includes study materials and exam entry

  • Non-FLA members £3,800 – price includes study materials and exam entry

Study duration

  • Fifteen months


  • 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, and you'll follow a structured timetable.

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


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 module.

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


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:

  • weekly study guides including activities

  • webinars (recorded and live)

  • student handbook

  • access to online forum

  • live workshop

  • weekly study planner

  • unit syllabuses

  • specimen and exemplar papers

  • online access to our student portal, MyLIBF

  • online access to our virtual library, KnowledgeBank.


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


You can register for one of the following study sessions throughout the year:


You will be assessed by:

  • Unit 1 – one-hour 30 multiple choice question exam and written piece coursework.

  • Unit 2 – one-hour 30 multiple choice question exam and written piece coursework.

  • Unit 3 – two-hour 50 multiple choice question exam as well as a three-hour typed electronic exam.

When you register, you'll be allocated a session. You can find the coursework assignment and assessment dates on your MyLIBF account.

You'll need to submit both pieces of coursework electronically through the course site.

You can decide when and where to take your multiple-choice exam for each unit. Your Unit 3, three-hour, typed exam will be on a set date depending on which study session you join. Please refer to the timetable section above for exam dates.

For all exams, you can choose to sit at a test centre or through remote invigilation at home.

Exam and assessment information


Corporate bookings

If you are a company and want to register a cohort of students please email corporate@libf.ac.uk for further information.

FLA members


Prices includes materials and exam entry.
Non FLA members


Prices includes materials and exam entry.


Holders of DipAF can take the Professionalism, Conduct and Ethics (5PCE) award to gain the Professional Diploma in Banking & Finance (PDipB&F) – the pathway to Chartered Associate status.

Request further information

Contact us about our professional qualifications

If you have any questions about our professional qualifications in finance and banking, please contact our customer services team.

Our office is open Monday to Friday from 8.00am to 6.00pm GMT.