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. How to fill out the Payoff Request Letter Templates? 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. Online filing and searching available through SOSDirect. For information or to subscribe, call (512) 475-2703. The County should not be in the business of lending money to its employees, especially interest free.