Depends what "premium name" means.
If you mean someone already owns it and has a for sale page, they could list it at dan.com who do monthly payments. But you'd have to contact them, and they might not be interested. They may have thousands of names and be happy to wait for someone to pay the whole asking price.
You could always save up whatever you'd be happy to pay per month and then buy it when you have enough. If it's been available for years it doesn't sound like anyone else is interested. Which also means you can make an offer of less than they're asking, if you can contact them.
If you mean one of the crappy new extensions like xyz wtf lol then no, but they aren't worth registering anyway. And you'll be paying the same price in renewals every year, which is one reason so many are still unregistered.
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