Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started.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. This payoff letter (including the defined terms such as Lenders,. If you have the funds to pay off an installment loan early, request a payoff letter from your lender. A poor credit score impacts your ability to obtain a loan, buy a house, or even get a job. Fill out our Exceptional Member Experience form for a chance to win a Founders Prize Pack! Tell us about your experience at Founders!