Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started.A 10 day payoff is crucial to getting your old loans paid off during a refinance. Learn how it works from start to finish. 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,. Our Payoff Letter template facilitates easy loan settlements. This document clearly outlines the final payment amount, including any interest or fees.