A credit card installment facility allows cardholders to convert their large or lump-sum purchases into smaller, manageable monthly payments. This service often comes with a fixed interest rate and a predefined repayment period, making it easier for individuals to budget and afford more expensive items without paying the full amount upfront. Some plans may offer interest-free periods or promotional rates, depending on the card issuer and the terms of the facility. This facility can be a useful financial tool for spreading the cost of significant purchases over time