The loan payoff statement includes your principal balance, any outstanding interest due, and potentially any prepayment penalty (if applicable). You can submit a payoff request online.This is the quickest way to process a payoff request. A payoff letter is a document that provides detailed instructions on how to pay off a loan. Pay your fine (bail) in full or request monthly payments through the Public Case Access System. Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started.