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Professional qualifications

Diploma in Asset Finance (DipAF)

Developed in partnership with The Finance & Leasing Association, the Diploma in Asset Finance supports asset finance specialists in developing their knowledge and skills and enhancing their professional credentials.

About the qualification

DipAF has been developed in collaboration with The Finance & Leasing Association (FLA) and in consultation with the industry. Its content reflects the understanding and knowledge required for specialists in this area to perform effectively.

As a specialist working in the asset finance sector, DipAF provides you with the required in-depth knowledge to operate effectively as you build your career. For those already working within the sector, DipAF provides you the opportunity to attain a recognised qualification that has been specifically designed to support your industry. The qualification is formed of three units taking you from an introduction to asset finance right through to the sales and account-management processes. 

The Diploma in Asset Finance is a Level 5 qualification registered with Ofqual in the Regulated Qualifications Framework (RQF).

Supported by

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Key Facts

  • Structured study – see ‘Studying’ section for start dates
  • Comprehensive study materials are provided
  • Combination of  exams and coursework assessments
  • Upon completion, you are able to use the 'DipAF' designation after your name
  • Online tutor support throughout course
  • Workshop event for the final exam preparation

                                                                 Read the DipAF specification


DipAF consists of one module comprising three units.

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


An introduction to the asset finance industry, including the background and evolution, and the business management and competitive strategy of asset finance providers. As well as the options available for providing asset finance.

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


The legal and regulatory landscape of asset finance, the roles and powers of the regulators  and the key acts and the FLA’s Business Finance Code.

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


The sales process and account management process within asset finance and how to analyse and evaluate the key aspects and considerations.

CPQ Blue Testimonial

By investing in the future of the asset finance sector, we are helping to secure its vital role in the UK’s business funding landscape.

Stephen Sklaroff Former Director General of the FLA

As a relatively new member of the team I was eager to show my capability & willingness to take on a challenge – both of which this course enabled me to show. The discretionary effort required was significant but worth it. Achieving something as challenging as this shows what you are made of.


The legal and regulatory module whilst probably the driest was ironically the most applicable in real life. Having a robust understanding of the regulatory environment is very helpful if your ambition is to transition from sales to management of leadership.

Cathal Cullen JCB Finance Limited

The home study style of the course gave me the ability to chose & allocate time to the study when required. I was not tied to a strict timetable structure which allowed me to complete the course alongside my full-time employment.

As a more mature student I did find if challenging to go back into education after 25 years, but the tutorials & online webinars gave opportunity to hear from the tutors as well as being able to ask questions towards the topics.

The online resources also provided good guidance and support for reference & further learning and both these gave confidence to complete the modules. The meeting with tutors prior to the final exam was excellent and I would recommend all to attend this as it gave us opportunity to meet face to face and discuss more about the course. I would suggest you try to organise an earlier one of these during the course for the cohorts.
The learning helped me explore other parts of the asset finance industry that I may not come across day to day and with personal research and learning this gave me confidence in knowledge of other funding solutions available.


I hope the qualification I have gained will serve me well in my career prospects as being among a select few who have currently attained this level of learning.

John Bigland JCB Finance Ltd

I found the DipAF course really rewarding, as it allowed me to test and add to my knowledge of Asset Finance, whilst gaining an industry recognised qualification. I work in a sales role and have found that I have taken some of the knowledge gained through this course and applied it within my job role. The course is well structured, allowing you to fit study time around a busy work and home life. The study materials and assessments are comprehensive and varied which keeps it interesting right the way through the course. The Revision workshop held in London was particularly useful as it provided some good techniques for the final exam and also gave the opportunity to meet some of my fellow students.

I will certainly now look to complete the Level 5 Professionalism, Conduct and Ethics (5PCE) qualification to achieve the Professional Diploma in Banking & Finance (PDipB&F) designation.

Simon Lunn JCB Finance Ltd


There are three registration periods each year for the DipAF, the upcoming registration dates are available below.

Unit 1 (AFBM)

 Details Date 
 Registration deadline 26 February 2021
 Course start date 08 March 2021
 Coursework deadline 10 May 2021

Unit 2 (AFLR)

 Details Date 
 Registration deadline 26 February 2021
 Course start date 05 July 2021
 Coursework deadline 13 September 2021

Unit 3 (AFSA)

 Details Date 
 Registration deadline 26 February 2021
 Course start date 08 November 2021
 Exam date 14 - 25 February 2022 

Unit 1 (AFBM)

 Details Date 
 Registration deadline 25 June 2021
 Course start date 05 July 2021
 Coursework deadline 13 September 2021

Unit 2 (AFLR)

 Details Date 
 Registration deadline 25 June 2021 
 Course start date 08 November 2021
 Coursework deadline 10 January 2022

Unit 3 (AFSA)

 Details Date 
 Registration deadline 25 June 2021
 Course start date 07 March 2022
 Exam date 13 - 30 June 2022 


Online study texts are included in your registration fee and will be available after your course start date. The study text contains review questions and activities at the end of each topic to support your learning. 

The following study materials are included in your registration fee:

  • glossary of key terms    
  • webinars
  • student handbook
  • live workshop
  • access to online tutor forum
  • specimen papers

This course can be completed over 18 months.


DipAF has three units. For Units 1 and 2 you must submit coursework electronically on the course site. You will also take a one-hour electronic multiple-choice exam for each unit.

  • Unit 1, Business Management and the Provision of Asset Finance (AFBM) – 30 multiple-choice questions
  • Unit 2, The Legal and Regulatory Requirements of Asset Finance (AFLR) – 30 multiple-choice questions

For Unit 3, The Sales and Account-Management Processes of Asset Finance (AFSA) you will be assessed by a two-hour electronic multiple-choice exam and a three-hour exam.

Pearson VUE electronic exams can be taken at a time and a Pearson VUE test centre with same day results.

You will have 12 months to complete the module and sit the exam. Your first attempt at each exam is included in the qualification registration fee. If you wish to retake an exam you will need to pay a resit fee.

Find out how to book your Pearson VUE exam

The date of your session-based exam will be in your MyLIBF account and on the course website once you have registered.

You will choose your exam venue when registering.

Find your nearest exam venue

We will post your qualification certificate to you once all three units are successfully completed.

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Frequently Asked Questions

Your registration fee includes the qualification study materials, and the first sitting of your exam and/or coursework. You will also gain access to MyLIBF (our student portal). Some qualifications include a hard copy of the study text, access to student forums, tutor forum support and specimen papers.

If you need to resit your exam or coursework, you will need to register and pay for a resit.

In line with our charitable objectives, we make means-tested bursaries available to students studying our qualifications.

Bursary information

If you would like to apply for a bursary, please email our Student and Customer Services team or call them on +44 (0)12 2781 8609. Please ensure that you have details of the qualification you intend to study when contacting us. 

Recognition of Prior Learning (RPL):
Recognition of Prior Learning (RPL) encompasses a student’s previous non-certificated and certificated achievements obtained through another awarding organisation. This has previously been known as an exemption.

Please read our Recognition of Prior Learning Policy as it explains the steps to take when applying. Your application will need to include certified copies of your qualification certificate or transcript.

We aim to provide an outcome within 10 working days. If we need longer, we will let you know.

Special consideration:
The Special Consideration Policy applies to students who believe they have been disadvantaged during, or before, an assessment because of an injury, illness or other unforeseen temporary circumstance beyond their control that may have adversely affected their performance in one or more assessments.

Please read our Special Consideration Policy as it explains the steps to take when applying. Your application will need to include supporting documentation.

Given the individual nature of special consideration claims, we would recommend that you contact our Student Support team on +44 (0)1227 818609 or support@libf.ac.uk for an informal discussion before you submit your application.

For your claim to be considered, you must have initially notified us of your circumstances on or before the submission deadline for coursework or within five days of the exam date. Any applications made outside of this timescale must include an explanation as to why the delay has occurred.

We aim to provide an outcome within 5 – 10 working days. It may take longer if your application is referred to the Concessionary Board.

Reasonable adjustment:
We are committed to providing an inclusive educational experience for all students, regardless of any disabilities or learning difficulties they may have and realise that, without reasonable adjustment, students may be prevented from demonstrating their true level of ability during an assessment.

Given the individual nature of reasonable adjustments, we recommend that you contact our Student Support team on +44 (0)12 2781 8609 or support@libf.ac.uk for an informal discussion before you submit your request. This will allow us to fully understand the nature of your circumstances and advise you on the type of supporting evidence required.

The Reasonable Adjustments Policy explains the steps to take when applying and has an application form included. Your application must be received, with supporting documentation, at least six weeks prior to the date when the adjustment will need to be in place.

You have 14 calendar days from your course start date to cancel your registration and arrange a refund by calling our Student and Customer Services team. You will need to return any hard copy study texts in its original condition.

After this period all fees are non-refundable and non-transferable.

If you have booked your exam with Pearson VUE (and are within the cancellation period), you will need to contact them directly at least 24 hours prior to the exam date to cancel it. Then allow at least two hours before calling our Student and Customer Services team to cancel the qualification registration and arrange a refund.

Contact Pearson VUE on +44 (0) 370 608 1915 (Europe, Middle East, Africa region).

Electronic Pearson VUE exam:
Before your registration expiry date you can cancel your exam or change your exam date, time or venue (subject to availability). You will need to contact Pearson VUE directly, giving a minimum of 24 hours’ notice online or at least one working days’ notice by phone prior to your current exam booking. For example, if your exam is booked for a Monday, the latest you can reschedule is the previous Friday.

Pearson VUE can be reached via the details given on your Important Registration Information link on MyLIBF or our ‘Exam booking and information’ page.

Session based exams (set exam date as per study timetable) including Advanced Financial Advice (AFA):
Please telephone Student & Customer Services directly to discuss your options. You may be able to change your venue, but will need to call us at least eight weeks before your exam date to check.

For all exams, if you are unable to provide the required notice due to significant mitigating circumstances, such as sudden illness, please contact Students and Customer Services straight away as you may be eligible for Special Consideration. Supporting documentary evidence is required for a Special Consideration application.

Making a result enquiry:
If you believe there has been an error in the marking of your assessment, you can apply for a result enquiry.

The Assessment Result Enquiry Policy explains the steps to take when applying and has an application form included. Your application must be received within 10 working days after we have communicated your assessment results.

This policy does not apply to students who believe their performance during an assessment may have been affected by external factors, for example noise, illness or unforeseen circumstances. These cases are dealt with under our Special Consideration Policy.

Appealing a decision:
You have the right to appeal to us to review decisions that have been made in the course of the assessment of your programme of learning. An appeal may only be submitted in relation to a final decision.

Please read our Appeals Policy as it explains the steps to take when applying, in particular section B 'making an appeal'. Your application must be received within 15 working days after we have communicated the outcome of a decision.

Making a complaint:
A complaint should be made if you are dissatisfied by one of our products or services as soon as possible, but no later than 10 working days from the date of the occurrence.

We deal with all complaints as promptly as possible and within clearly defined timescales. The stages for handling a complaint are listed in our CPQ Complaints Policy.


For registration and other enquiries please contact Student and Customer Services on +44 (0)12 2781 8609.


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