This module allows you to accept payments in installments from your customers. The Merchant then contacts customers and all actual remittance would be done offline.
This module helps organizations to accept payments by installment. How it works is by providing the store owner/Merchant with necessary information about the client and calculating the amount he/she is to pay in each installment and also how many installments he/she is to pay for.
Interest rates are added to the overall cost of an item and spread across the payments thereby allowing the merchant make more money in the process.
* Calculate Installment payments and set installment plan
* Allocates interest rates for certain price ranges or items
* Collects customer information and bank details
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Customer Benefits
 The customer benefits greatly in a case where he/she has to buy a certain needed item and doesn't have enough cash to make that purchase. The Merchant can accept payments in installment to assist the customer in acquiring such items and help spread the cost over a given period.
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