How to fill out the Payoff Request Letter Templates? 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,. 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. We have representatives ready to answer your questions, help with loan applications and more. Email, chat or schedule an appointment today. With the capabilities of a debit card and the added security of a chip card.