Please see more information in the Payoff Demand Instructions. 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. If so, is there one specifically that you typically use? This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,. Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started. Whether you are a dealer or a loan customer, Westlake has the resources to help you. Contact Westlake Financial today.