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The phrase "are repaid" is correct and usable in written English.
It can be used in contexts discussing the return of money or benefits to someone, often in financial or contractual situations.
Example: "Once the loan period is over, the funds are repaid to the lender."
Alternatives: "are returned" or "are reimbursed".
Dictionary
are repaid
verb
Past of repay
Exact(59)
I don't care which favors are repaid.
The loans are repaid after death.
Most loans, he says, are repaid within 60 days.
Ensure past bad debts are repaid; explain mitigating circumstances.
That would help ensure that taxpayers are repaid first.
The loans are repaid with the profits from diverting waste from landfills and selling the materials.
When market conditions improve, the tobacco is sold and the loans are repaid with interest.
The loans are repaid from winnings, with costs that can exceed 100 percent a year.
As Friska's loans are repaid, the company reinvests to help even more Deki entrepreneurs.
More than 95percentt of its loans, which average $160, are repaid, the group said.
Some of those debts are repaid on One Day It Will Please Us to Remember This.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com