Unit Award Scheme

115375 FINANCIAL MANAGEMENT (UNIT 6): LOANS

In successfully completing this unit, the Learner will have		Evidence needed
shown knowledge of
1	two different types of loan	Summary sheet
2	what buying something on finance means	Summary sheet
3	two dangers of missing a loan repayment	Summary sheet
4	what a payment holiday is	Summary sheet
5	what a payment plan is	Summary sheet
6	what a payday loan is	Summary sheet
7	two dangers of taking out a payday loan	Summary sheet
8	the difference between the loan amount borrowed and the amount repaid	Summary sheet
9	why people take out loans to buy houses or cars	Summary sheet
10	what loan sharks are and two risks associated with using them.	Summary sheet

All outcomes recorded on an AQA Summary Sheet

Approved 24 May 2021Level - Entry Level