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.Private Loan Payoff Letter Template offers a clear and professional format for requesting an official statement of your loan payoff balance. A student loan payoff letter, also called a payoff statement or loan verification letter, outlines your loan's essential details. View forms and resources for prospective, undergraduate, and graduate students, as well as student employment forms. Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started. The data were downloaded from Qualtrics in the form of a Statistical Product and Service. Solutions (SPSS) file. Portion of a private project is financed out of equity capital.