This is an example of a payoff letter used in a syndicated loan transaction. : This payoff letter sets forth payoff arrangements for a loan facility among borrowers, guarantors, a syndicate of lenders, and an agent for the syndicate.Step 3: Review Your Loan Payoff Statement. Once received, it's crucial to thoroughly review your loan payoff statement. You also need to include the per diem figure. The per diem rate is intended to cover the costs of three meals per day. Customer: I Check the payoff letter and it does not have a per diem amount. An Act to amend the Internal Revenue Code of 1986 to repeal the excise tax on high cost employer-sponsored health coverage. His or her per diem shall not be allowed. Please fill out this tab with as much detail as possible.