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. A payoff agreement is an informal contract in which a creditor agrees to accept the balance of a debt owed as full payment. Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started. An auto loan payoff quote, sometimes called a 10day payoff, states how much you need to pay off the loan balance. OPM has no role in PSLF. Federal employees should contact their Human Resources office for assistance in completing PSLF forms.