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.This is an example of a payoff letter used in a syndicated loan transaction. Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started. Official Forms for Viewing and Downloading. This Payoff Transmittal Letter serves as a formal request to close your loan account.