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Magento Partial Payment Module
FMEExtensions provides Magento Partial payments module allows merchants to sell their expensive goods on installments. It allows your customers to book product by paying down payment and keep paying installment till the last. Once they pay the last installment the product can be shipped to the customer. Store managers can charge layaway payment, can choose put certain number of products or all products on layaway. The down payment can be configured in terms of percentage or fix amount.
For more info visit: Magento Partial Payment
Watch Video Demo here:
https://www.youtube.com/watch?v=FPW1Lbe5LDg