This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,.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. 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. The payoff demand processing fee is paid in escrow. Please see more information in the Payoff Demand Instructions. Once completed, note the SST number and come into our office to finish the process.