Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started."I am writing to request a payoff letter for my loan, account number XXXXXXXX, with a requested payoff date of (date)." Check out our loan payoff statement template selection for the very best in unique or custom, handmade pieces from our templates shops. A payoff letter provides instructions on how to pay off a loan with a lump sum before the loan term ends. Learn how payoff letters work. After you receive your payoff quote, it's time to make your final payment. You can pay with a certified check or through a wire transfer from your bank. A payoff letter provides instructions on how to pay off a loan with a lump sum before the loan term ends. Learn how payoff letters work.