Instalment is a type of BNPL product. It refers to a payment arrangement where customers have the option to divide their total purchase amount into multiple smaller payments over a specified period. Instead of paying the entire amount upfront, customers can make partial payments at regular intervals until the whole sum is settled. In turn, lenders have the flexibility to add different fees and interests. Two different instalment options are available for configuration in Sileon’s Platform: Flexible and Fixed monthly.