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. This form is for existing Westlake Black Visa Credit Card account holders only. Request a payoff quote before you send your final payment. Check out our credit card pay off template selection for the very best in unique or custom, handmade pieces from our templates shops. 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. This is an example of a payoff letter used in a syndicated loan transaction.