---
term: "Instalments"
category: "Money movement"
url: https://federatedbanking.com/glossary/instalments
source: Federated Banking™ glossary
---

# Instalments

> A purchase paid in parts over time, offered at the point of sale through a connected lender.

Instalments let a customer split a purchase into several payments. The merchant is paid as normal while a connected lending partner provides the credit and collects the repayments. Offering instalments through a network means the experience is consistent for the customer, whichever lender is behind it.

Related terms: [Payment](https://federatedbanking.com/glossary/payment.md), [Provider](https://federatedbanking.com/glossary/provider.md)