Reviewed and updated: 12 October 2026 · MBC Finance
The repayment period affects both instalments and the total cost. Compare a loan’s complete quotation rather than deciding from the term or monthly payment alone.
A longer term can change the trade-off
Spreading repayments over more dates may reduce each instalment, but it can also increase the total interest and fees. The result depends on the actual agreement, rate and cost structure.
A shorter term still needs affordability
Repaying sooner does not automatically make a loan suitable. Larger or more frequent instalments must fit alongside essential expenses and existing debt. Compare the complete schedule with your income dates.
Check the complete offer
Look at the amount advanced, every repayment date, all applicable fees, interest, insurance and the total amount repayable. Ask about the agreement’s settlement process if you expect to repay early; do not assume how costs will change.
MBC’s current term range
MBC repayment terms may be up to 6 months depending on the approved product and assessment. Weekly, fortnightly or monthly schedules are confirmed in the quotation and agreement. This is not an offer of multi-year finance or a guaranteed term choice.