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The phrase "a monthly payment" is correct and usable in written English.
It can be used when discussing financial obligations, such as loans, subscriptions, or services that require regular payments on a monthly basis.
Example: "To secure the loan, you will need to make a monthly payment of $300."
Alternatives: "a monthly fee" or "a recurring monthly charge".
Exact(60)
Or perhaps a monthly payment plan?
Is there a monthly payment plan?
Thames Water continued to ask for a monthly payment plan.
Yes, a monthly payment plan is available for a fee.
However too many people sign up, only to end up being late with a monthly payment.
And he has cemented support by doubling a monthly payment to poor families.
Theo van Gogh, the brother of Vincent, took on his work, offering him a monthly payment.
He said that he could offer Dyomin a monthly payment of ten thousand dollars.
The kidnappers also offered him a monthly payment plan, with interest, as an alternative.
Support the Guardian with a monthly payment, or a one-off contribution.
Residents still make a monthly payment on par with the city's property tax rate.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com