# How to Close a Loan Account

To close a loan account, the loan account's outstanding balance must be zero or within the specified tolerance amount.

### To close a loan account

To close a client or group loan account, select the client or group. Click the **General** tab.

1. Click the loan account to be closed.
2. Click **More**, **Close** on the action bar.
3. Accept the date default for **Closed on** or pick a date in the past from the calendar pop-up
4. Optionally, type a descriptive **Note**.
5. Click **Submit**.

The loan account status will be changed to Closed (Rescheduled).

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