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,. The template below can help you write your own pay for delete letter. Simply update the bolded portions with your own information. Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started.