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.In consideration of full payment of the promissory note dated. First you need to know what the payoff figure is. A Payoff Letter memorializes a debtor and lender's agreement regarding a debt obligation's early payment and termination. For a standard form of payoff letter, with integrated drafting tips and explanatory notes, see Standard Document, Payoff Letter. These templates simplify the process, providing a structured format that covers all necessary details, from repayment terms to interest rates. If the request has been mailed, an addressed envelope with proper postage for returning the Original Promissory Note and Deed of Trust is required.