If your intent is to payoff specific loans and not all loans, include a separate sheet of paper with instructions on which loans the payment applies to. If you are paying off a specific loan or set of loans online, use the "Custom Pay" dropdown to select "Specify for Each Loan".Use the sample letter on the next page to tell your loan servicing company how you want the overpayment processed. How to use this template: 1. This Payoff Request Form is essential for borrowers seeking to obtain a payoff amount for their loans. 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.