Yes, the Layaway & Partial Payments Extension for Magento 2 supports installment payments in Magento 2. Customers can select the number of installments they wish to pay for their order, and the extension will automatically calculate the payment amounts and due dates accordingly.

Read this guide on How to Sell Products on Installment & EMI in Magento 2 Website to setup this extension.

Here are the few more resource to help you get most out of this Magento 2 Partial Payment and Layaway & EMI Extension.

• What are Layaway and Partial Payments? How is it Beneficial for Businesses and Customers
• Drive Customer Loyalty through Layaway & Partial Payments
• How to Reduce Abandoned Carts with Partial Payment Extension
• Enhance the Customer Satisfaction Rate with Partial Payment Extension