# Repayments

Repayments are crucial for keeping loan accounts updated and ensuring borrowers' financial records remain accurate. Lendbox provides a simple process to record repayments against a loan. Follow the steps below to add a repayment:

* **Navigate to the Loans Page**
  * Click on the **Loans** tab in the left navigation panel to access the list of loans.
* **Select the Loan**
  * From the list, click on the loan for which you want to add a repayment.
* On the loan details page, scroll down to the buttons section.
* Click on the **Add Repayment** button. A form will appear prompting you to enter repayment details.
* **Enter Repayment Details**
  * Fill in the following fields:
    * **Collection Date**: Select the repayment date from the calendar picker.
    * **Repayment Amount:** Enter the amount being paid by the borrower.
    * **Description** (optional): Include any description of the repayment or reference
* **Save the Repayment**
  * After filling in the details, click the **Save** button to add the repayment to the loan.

Once saved, the loan balance will update automatically to reflect the new repayment. 

### Notes:

* Ensure the repayment details are accurate before saving, as incorrect entries may affect loan calculations.
* You can edit or delete repayments if necessary by navigating to the repayment history.

This feature helps you maintain accurate records and provides borrowers with up-to-date information about their loan balances.


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