sample letter for loan payoff

Dear [Lender’s Name],

I am writing this letter to inform you that I have decided to pay off my loan in full. As per the terms of the loan agreement, the remaining balance on my loan is [insert amount]. I would like to make this payment on [insert date], and request that you provide me with the necessary information and instructions to do so.

I would also like to request a payoff statement that shows the total amount I owe on the loan, including any outstanding interest, fees, or other charges. I understand that this amount may change depending on the date that I make the payment, and I would appreciate your assistance in providing me with an up-to-date payoff statement.

Once I have received the payoff statement, I will make the necessary arrangements to pay off the loan in full. I understand that this will release any liens or encumbrances on the property that was used to secure the loan, and that I will no longer be obligated to make any further payments.

I would like to take this opportunity to thank you for your assistance throughout the duration of this loan. Your professionalism and support have been greatly appreciated.

Please let me know if you require any further information or if there are any additional steps that I need to take in order to complete the loan payoff process.

Thank you for your time and attention to this matter.

Sincerely,

[Your Name]