This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,.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. Student Financial Responsibility Agreement. You have the option of setting your loan payments up on ACH or "auto-pay" where we will deduct the payment amount on the requested date from your bank account. If you pay off someone, you give them the amount of money that you owe them or that they are asking for, so that they will not take action against you. Home of the high interest Boost Checking, auto loans and more! Open a personal or business account online or at one of our many Colorado locations today! You'll have to complete a loan application to see mortgage interest rates.