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.LOAN PAY-OFF REQUEST FORM. This form must be completely filled out and submitted along with all required documents. A payoff statement is a document that shows how much money a borrower must submit to fully pay off a loan. Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started. View and download loan printable forms including the direct payment form, loan due date change form, and skip a payment form. Gulf Credit Union offers banking for business and personal uses. We have locations in Port Arthur, Beaumont, Orange, and Groves.