Installment credit is a way to make repaying larger credit limits easier for Fido customers. Customers eligible for installment credit lines will have this option in the app to choose multiple payments instead of 1 payment that is due in a month.
Fido offers up to 6 months of installment options. This means that instead of repaying the entire credit facility after the usual one-month period, Fido will divide your credit repayments into small equal amounts. Hence, you pay a small part of the credit each month over the installment period (1 to 6 months) you have chosen.
Note that, it does not mean you will repay the entire credit amount after the period you choose, but it means each month you will pay a part of the bigger credit amount that was received.