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.Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started. This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,. Heather Cox Richardson is a political historian who uses facts and history to put the news in context. . Follow. . Posts. In this scenario, don't give up. Review your old explanation for anything you might have accidentally left out. Remember to include the loan account number in the letter to ensure proper identification.