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,. 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. I am excited to be applying for the position of loan processor. Please accept this letter and the attached resume as my interest in this position. Attached is Dawn's resume for your reviews. A payoff letter provides instructions on how to pay off a loan with a lump sum before the loan term ends.