What is another word for installment rate?
Pronunciation: [ɪnstˈɔːlmənt ɹˈe͡ɪt] (IPA) 
Installment rate refers to the amount of money that is paid back regularly in a fixed period until the total amount is repaid. This term can also be referred to as repayment schedule, payment plan, or installment plan. The repayment schedule includes the date, the amount to be paid, and the interest rates. The payment plan implies the installment method of repaying loans, where the interest rate is constant for the specified period. The installment plan, on the other hand, is the scheduled payment of debt, which is made up of a series of regular payments agreed to by the lender and borrower. These synonyms all describe payment plans and the regularity with which payments are made.
