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.This document is a debt payoff letter from a debtor to a creditor. This is an example of a payoff letter used in a syndicated loan transaction. Who is eligible for a Plan loan? Any employee who is in active status on payroll who is participating in either the pre-tax 457 or pre-tax. 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. Our Payoff Letter template facilitates easy loan settlements. This document clearly outlines the final payment amount, including any interest or fees.