Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started.Our Payoff Letter template facilitates easy loan settlements. This document clearly outlines the final payment amount, including any interest or fees. The Office of Loan Programs will prepare the demand statement within 48 hours of receipt and will submit it to the escrow or title company. We offer personal loans with affordable rates and payment terms of up to 72 months. 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.