This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,.Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started. A demand letter is an official notice requesting money, possession of assets, or action on a legal matter. 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. Please include a per diem amount in the statement. Arrange for payoff of loans. The seller should advise its bank of the projected closing date and request a pay-off letter.