How to fill out the Payoff Request Letter Templates? Please note: this process can take up to 30 days to be completed.A student loan payoff letter, also called a payoff statement or loan verification letter, outlines your loan's essential details. 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. Edit, sign, and share vehicle payoff letter template online. No need to install software, just go to DocHub, and sign up instantly and for free. Private Loan Payoff Letter Template offers a clear and professional format for requesting an official statement of your loan payoff balance. Authorization letters must include the following information to be processed.