To qualify as an F&I, you will need a few things. These are all listed below:
1. Firstly you will need to pass the NCA (National Credit Act) examination. It is a half-day course and the exam is written in the afternoon. You also have the option to do the course online but then you will need to write the exam at one of the IOB (Institute of Bankers) examination centres.
2. Secondly you have to pass the Regulatory exam for Representatives. We offer training for the exam but in order to write the exam, you must register for it through one of the FSB approved examination bodies, namely Moonstone or the FPI.
3. Furthermore you will need to do a complete FSB (Financial Services Board) approved qualification. We offer the FETC Retail Insurance Qualification, which is approved by the FSB. The qualification is on NQF level 4 and is the preferred qualification for F&I’s. You can do the qualification over a period of 9 to 18 months. Our training methodology consist of a combination of face-to-face learning and learner self-study (distance learning). For each block of the qualification you will need to complete a portfolio and write a closed book, supervised exam.
4. The last requirement for qualifying as an F&I is to do fundamental subjects, if you haven’t done it on matric level. The fundamentals include English as well as a second language and mathematics (this only applies if you did not do it on a matric level).
Fill out the below form to get more details on signing up for this course:
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