The Vehicle Payoff Sample Letter form is a crucial document for individuals aiming to transfer their vehicle loan to the State Department Federal Credit Union. Citizens Bank Payoff Address: Auto Loan Standard and Overnight Mail, ROP217, 1 Citizens Dr, Riverside RI 02915.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. Below you will find links to useful forms and documents for easy and convenient access. 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. A statement that the lender will fund the loan in the event of VA approval. Do not use this provision to shift the burden of a loan rejection to VA. IDR plans offer reduced payments over 20 or 25 years, depending on loan type, then forgive the remaining balance.