Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started.Our Payoff Letter template facilitates easy loan settlements. This document clearly outlines the final payment amount, including any interest or fees. This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,. Notice of Intention to Pay Off Loan enrolled in Budget Drafting (Biweekly Payment) Plan for. 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.