This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,.Obtaining payoff letters which confirm that a secured party will release its security interest in collateral and terminate UCC financing statements is crucial. Warrant payoff letter. 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. 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. All legal forms are in word format, unless otherwise indicated. Note: This form must be downloaded to your device in order to be filled out properly.