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.This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,. McAlister to find out what the payoff amount would be on the loan for the Library. Ms. McAlister advised that she would find out what that amount is. 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. Get a Pre-Approval Letter from a lender for a fixed-rate mortgage. Notable authors represented in the collection include Emmanuelle Arsan, Alan Ayckbourn, Imamu Amiri.