A student loan payoff letter, also called a payoff statement or loan verification letter, outlines your loan's essential details. A 10 day payoff is crucial to getting your old loans paid off during a refinance.Learn how it works from start to finish. 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. Check out our loan payoff template selection for the very best in unique or custom, handmade pieces from our templates shops. Please provide a payoff statement for the referenced loan(s) below. Check out our loan payoff template selection for the very best in unique or custom, handmade pieces from our templates shops. This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,.