VicRoads have granted the option to now pay motor vehicle registration fees in quarterly or half-yearly instalments.

The option will be available for all Victorian cars, utes, vans and other light vehicles, regardless of income.

Available from January next year, the options are designed to help individuals and families with low income, or struggling to budget for their bills.

There will also be short term registration options less than 12 months.

However, it comes at a cost. There will be a $2.45 administration fee per transaction to cover costs for people who use the service.