Personal Loan Payoff Letter [Sample]

Learn how to write a personal loan payoff letter. Use our sample personal loan payoff letter as a template for your loan payoff letter.

Personal Loan Payoff Letter Sample

[Name of Borrower]
[Address of Borrower]
[City, State, Zip Code]

[DATE]

[Name of Lender]
[Address of Lender]
[City, State, Zip Code]

RE: Personal Loan Payoff Letter

Dear [Name of Lender]:

This letter is a formal acknowledgement of the final payment of my personal loan for [AMOUNT] made on [DATE]. Enclosed please find a check for [AMOUNT] that is the last payment due. 

Kindly note that according to our loan repayment agreement the loan should be paid off on or before [DATE], and that this payment is made on [DATE].

Therefore, my loan is paid off according to the payment agreement terms, and I request that you acknowledge that the loan is fully repaid by signing an enclosed copy of this letter and returning it to me.

If you have any questions, I can be reached at [Phone Number] or at [Email Address] any day after [6pm].

Thank you for giving me the personal loan.

Sincerely,

[Signature of Borrower]
Printed Name of Borrower
List of Enclosures:
Check for AMOUNT
A copy of this letter to be signed and returned to the borrower

Place for the signature of Lender
[Printed Name of Lender]
[DATE]