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Professional qualifications

Level 5 Diploma in Asset Finance (DipAF)

Whether you’re new to asset finance or an experienced professional, DipAF will broaden your understanding of asset leasing, regulation, risks, return and credit – and help you advance your career.


About the qualification

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 The London Institute of Banking & Finance (MLIBF), receiving benefits including careers support and access to professional networking events. 


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 much does it cost? FLA members £2,950 – includes your study materials, coursework and exam entry

Non-FLA members £3,300 – includes your study materials, coursework and exam entry 
Average time to complete? 15 months
Number of units Three
How will I be assessed?

Exams and coursework. View the assessment section for further details.

You can take your exam at a test centre or at home with remote invigilation

What study materials do I get?

As part of your fee, you’ll get: 

  • 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
You will be learning on our new VLE Brightspace, click on the logo to find out more.

How will I study? This qualification is online, and you will follow a structured timetable
Regulation This qualification is registered with Ofqual in the Regulated Qualifications Framework (RQF).
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
View more testimonials
DipAF - Stephen Haddrill


DipAF consists of three units.

Unit 1 - Business Management and The Provision of Asset Finance (AFBM)

  • Background to the asset finance industry
  • Essential business management knowledge
  • Key competitive strategies
  • Options available to provide asset finance

Unit 2 - The Legal and Regulatory Requirements of Asset Finance (AFLR)

  • Legal impacts on delivering asset finance services
  • Purpose and powers of the regulators
  • Background and consequences of key legal acts
  • FLA’s Business Finance Code

Unit 3 - The Sales and Account-Management Processes of Asset Finance (AFSA)

  • How to analyse the account management process
  • How to use data to make financial decisions
  • How financial and numerical data can be manipulated

DipAF - Paula Millward
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: 

Unit 1 (AFBM)

 Details Date 
 Registration deadline 25 February 2022
 Course start date 07 March 2022
 Coursework deadline 09 May 2022

Unit 2 (AFLR)

 Details Date 
 Registration deadline 25 February 2022
 Course start date 04 July 2022
 Coursework deadline 05 September 2022

Unit 3 (AFSA)

 Details Date 
 Registration deadline 25 February 2022
 Course start date 14 November 2022
 Exam date 11 May 2023

Unit 1 (AFBM)

 Details Date 
 Registration deadline 27 June 2022
 Course start date 04 July 2022
 Coursework deadline 05 September 2022

Unit 2 (AFLR)

 Details Date 
 Registration deadline 27 June 2022
 Course start date 07 November 2022
 Coursework deadline 16 January 2023

Unit 3 (AFSA)

 Details Date 
 Registration deadline 27 June 2022
 Course start date 13 March 2023
 Exam date 07 September 2023


Unit 1 (AFBM)

 Details Date 
 Registration deadline 31 October 2022
 Course start date 07 November 2022
 Coursework deadline 16 January 2023

Unit 2 (AFLR)

 Details Date 
 Registration deadline 31 October 2022
 Course start date 20 March 2023
 Coursework deadline 22 May 2023

Unit 3 (AFSA)

 Details Date 
 Registration deadline 31 October 2022
 Course start date 24 July 2023
 Exam date 25 January 2024


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 written exam

When you register for the qualification, you will be allocated a session for the coursework. You can find the coursework assignment and submission dates on the MyLIBF course site.

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

You can decide when and where to take your exam. Choose from test centres nationwide or you can take your exam through remote invigilation. Your unit 3 written exam will be scheduled for a set date according to the session that you register upon.

Exam booking information

When you have successfully completed the qualification, we will post your certificate to you. 


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