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Discover LudwigThe phrase "monthly installment" is correct and usable in written English.
You can use it to refer to a payment that is made on a periodic basis, such as a loan or a subscription. For example: "I need to make my monthly installment for the car loan".
Exact(38)
(The monthly installment cost varies depending on the device).
Cornell offers online payment with Cornell Net.Pay and a monthly installment plan.
Using a honor system, he is asking $1 for the first chapter and for each monthly installment.
The instructions are explicit, Mr. Walker said, because student loan servicers typically assume extra payments are to be applied to the next regular monthly installment.
A pioneer in customer analytics, Fingerhut specialized in marketing to mid- and low-income customers, offering consumer electronics and other items for sale on monthly installment plans.
The suspension of "The Plant" -- Stephen King's online serial novel -- after the fifth monthly installment gives rise to all kinds of horticultural metaphors.
Similar(22)
Paying by monthly installments jumped by 40 percent, he noted.
By July 1837, sales of the monthly installments exceeded 40,000 copies.
Did you break up the payments in monthly installments?
They are opting for inexpensive funerals, or financing them in monthly installments.
It was published in monthly installments in the opinion section of the New York Times.
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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