Payoff Request Letter

Dear [Lender’s Name],

I hope this letter finds you well. My name is Arthur Yang, and I am writing to inquire about the payoff amount for my [type of loan, e.g., “home loan,” “auto loan,” etc.] with account number [Account Number]. As I am considering paying off this loan earlier than the scheduled maturity date, I kindly request a detailed statement of the payoff amount required to fully settle my account as of [Requested Payoff Date].

I have found my experience with [Lender’s Institution Name] to be highly positive, and I am grateful for the financial support provided to me. As I move forward with my financial planning, settling this loan is a priority for me, and I am eager to take this step towards financial freedom.

Please include in the statement any accrued interest, penalties, or fees, if applicable, that are part of the payoff amount. Additionally, I would appreciate guidance on the payment process, including acceptable payment methods and any necessary documentation you may require from me to process the payoff.

Should there be any further information or documents needed from my side to facilitate this request, please do not hesitate to inform me. I am ready to comply with all necessary procedures to ensure a smooth transaction.

I am looking forward to your prompt response with the payoff details. You can reach me at [Your Contact Information] should there be any questions or if further discussion is needed.

Thank you for your attention to this matter and for your continued support. I appreciate the opportunity to have worked with [Lender’s Institution Name] and hope to conclude this chapter on a positive note.

Sincerely,

Arthur Yang