Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started.Private Loan Payoff Letter Template offers a clear and professional format for requesting an official statement of your loan payoff balance. Download free contract and agreement templates for any kind of business. The first step is to get in touch with your lender or loan servicer. You can find their contact information on your monthly statements. 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. The FDIC may be able to assist you in obtaining a lien release if the request is for a customer of a failed bank that was placed into FDIC receivership. Whether you want to buy a new or pre-owned vehicle or refinance a loan you already have, BMO can help you through the process.