Create a Loan Payoff Letter online and download it as a PDF or Word document. Customize and print a blank Loan Payoff Letter for free.This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,. I recently paid off my car loan. Will Florida DMV send me the title or should I fill out an application? A payoff letter provides instructions on how to pay off a loan with a lump sum before the loan term ends. Learn how payoff letters work. PACE allows a property owner to finance improvements without a large up-front cash payment. This is an example of a payoff letter used in a syndicated loan transaction.