Yes, the Layaway & Partial Payments Extension for Magento 2 allows customer to reschedule particular installment from their account section. Customer has the privilege to change the date or cancel the installment, in case of cancellation the amount will be recalculated and displayed to the customer.

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