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Discover LudwigThe phrase "installment payments" is correct and usable in written English
You can use it when talking about payments that are divided into multiple parts, such as making payments to a loan, buying a car, or paying for an expensive item. For example, "The store offered me the option of paying for the couch in five installment payments over the course of two months."
Exact(60)
(b)Installment payments.
2714, struck out item 6152 "Installment payments".
(5)No installment payments of tax.
(2) which related to dates prescribed for installment payments.
Can I make installment payments on my tuition?
Installment payments must be made on a quarterly basis.
Moreover, the trust funds do not allow for installment payments.
Some insurers charge interest on installment payments, so try paying upfront for the whole year.
Violating the agreement could let the bank cut off their installment payments.
1330 429, struck out item 6154 "Installment payments of estimated income tax by corporations".
793, struck out item 6153 "Installment payments of estimated income tax by individuals".
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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