Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started.If you want to plug in your own numbers, Click File -> Make a Copy. Please don't request edit access. 2. 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. Our Payoff Letter template facilitates easy loan settlements. This document clearly outlines the final payment amount, including any interest or fees. This is an example of a payoff letter used in a syndicated loan transaction. Arrange for payoff of loans.