Reviewed and updated: 12 October 2026 · MBC Finance
A smaller loan is not automatically a healthier or cheaper option. What matters is the total cost and whether every repayment fits your circumstances.
Separate needs from optional spending
Consider whether an expense can be postponed, reduced or paid from savings. If borrowing is considered, calculate the amount actually needed rather than taking more simply because it might be offered.
Compare costs and dates
Review interest, fees, any applicable insurance and total repayment. Compare payment dates with reliable income and include essential expenses and current debt. A low instalment alone does not establish affordability.
Do not assume future income
Avoid relying on an uncertain job, deal, bonus or investment return to make payments. If you already struggle with repayments, contact your creditors and consider suitable guidance before taking further credit.
MBC applications
Our current policy accepts permanently employed applicants with at least 6 months of employment and pensioners, subject to affordability and credit assessment. Self-employed and unemployed applicants cannot be assisted under current policy. Approved terms may be up to 6 months; full costs are shown before signing.