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SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD: 

Prepare vehicle financing proposals and documentation 
SAQA US ID UNIT STANDARD TITLE
12754  Prepare vehicle financing proposals and documentation 
ORIGINATOR
SGB Banking and Micro Finance 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
BANKSETA - Banking Sector Education and Training Authority 
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Finance, Economics and Accounting 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 3  NQF Level 03  10 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Reregistered  2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2024-06-30   2027-06-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
Persons credited with this Unit Standard know are able to process documentation relating to asset based financing proposals in accordance with company requirements. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
The learner must be able to locate and apply company policies and procedures as they relate to asset based financing applications. They should have been found competent against Unit Standard ABF009, Adhere to the legal and statutory requirements pertaining to the Asset Based Financing environment. 

Specific Outcomes and Assessment Criteria: 

SPECIFIC OUTCOME 1 
Identify customer requirements and options. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1.stomer details and information are collected accurately and thoroughly. 
ASSESSMENT CRITERION RANGE 
Name, address, contact details, employer.
 

ASSESSMENT CRITERION 2 
2.Customer financial situation and stability is established using financial ratios and benchmarking tools (salary, other income, solvency, assets). 

ASSESSMENT CRITERION 3 
3.Financing options are reviewed to ensure that the type of finance meets customer requirements. 

ASSESSMENT CRITERION 4 
4.Application forms are completed according to company requirements. 

SPECIFIC OUTCOME 2 
Apply relevant financing / leasing documentation. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1.Financing policies relevant to the customer's situation are identified in terms of the available options. 

ASSESSMENT CRITERION 2 
2.The legal aspects of the contract are explained to the client. 

ASSESSMENT CRITERION 3 
3.The implications of the contract are explained to the client. 

ASSESSMENT CRITERION 4 
4.Any customer queries and concerns are addressed to the customer's satisfaction. 

ASSESSMENT CRITERION 5 
5.Appropriate legal requirements are observed and followed according to statutory requirements. 

SPECIFIC OUTCOME 3 
Apply relevant insurance documentation. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1.Relevant information and documentation is obtained from the client. 
ASSESSMENT CRITERION RANGE 
Drivers license, vehicle information.
 

ASSESSMENT CRITERION 2 
2.The appropriate type of insurance policy is determined taking into account the client's requirements and insurance record and the vehicle type and age. 

ASSESSMENT CRITERION 3 
3.An appropriate insurance provider is selected from the company's preferred providers, and according to policy price, customer requirements and the company policies and procedures. 

ASSESSMENT CRITERION 4 
4.The insurance documentation is completed according to requirements and is signed by the relevant parties. 

SPECIFIC OUTCOME 4 
Process a vehicle financing application. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1.The application process is explained fully to the client. 

ASSESSMENT CRITERION 2 
2.The proposal is checked for correctness and completeness. 

ASSESSMENT CRITERION 3 
3.The proposal is forwarded to the admin department for capture and approval. 

ASSESSMENT CRITERION 4 
4.The progress of the proposal is tracked to ensure timeous completion. 

ASSESSMENT CRITERION 5 
5.The outcome of the application is communicated to the client. 

ASSESSMENT CRITERION 6 
6.The pay-out process is followed and completed according to company requirements. 


UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
Accreditation for this Unit Standards shall be from the relevant education and Training Quality Assurer through formative and summative assessment by a registered Assessor. Assessment should be contextual and be conducted in the workplace as far as possible.

The relevant NSB and SGB should be notified of any feedback related to this qualification.
  • Assessors must be registered as an Assessor with the relevant ETQA.
  • Moderators must be registered as assessors with the relevant ETQA.
  • Training providers must be accredited by the relevant ETQA.
  • Moderation should include both internal and external moderation where applicable.
  • The relevant ETQA will co-ordinate all moderation activities in accordance with their policies and procedures. 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • The learner must have a working knowledge of relevant policies, procedures and statutory requirements.
  • The learner must have a working knowledge of the company products and their applicability in different circumstances.
  • The learner should be able to perform the calculations relevant to the proposal, such as interest rates and premiums.
  • Good communication skills.
  • Customer relations skills. 


  • Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO COLLECTING 
  • The learner is able to collect, organise and evaluate information relating to the proposal. 

  • UNIT STANDARD CCFO COMMUNICATING 
  • The learner is able to communicate effectively using visual, mathematical and / or language skills in the modes of oral and / or written persuasion when communicating with the client, and when calculating financing, leasing and insurance amounts. 

  • UNIT STANDARD CCFO SCIENCE 
  • The learner is able to use science and technology effectively when using technology to perform calculations relevant to the proposal. 

  • REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    UNIT STANDARD NOTES 
    LEGAL REQUIREMENTS
  • The legal and statutory knowledge required is described in the Unit Standard ABF009.
  • All procedures should meet recognised codes of practice as well as the obligations required under current legislation within South Africa. 

  • QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  20184   National Certificate: Banking  Level 3  NQF Level 03  Reregistered  2023-06-30  BANKSETA 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    NONE 



    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.