Use a standard business letter format with your name, contact information, and the date at the top. 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. This article provides information regarding titles on vehicles and whether a lien is attached or cleared. Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started. Choose the one that fits you the best. Find out how much you'll pay in Ohio state income taxes given your annual income.