Use our free Loan Agreement template to create a contract online. The Contractor agrees to indemnify, protect, defend and hold harmless the.A loan agreement is a legal document between a creditor who lends money to a borrower that is repaid with interest. Are you looking for a loan agreement form in Pennsylvania? Download our free Pennsylvania Loan Agreement Form which is available as PDF or Word documents. The contract defines the borrower and lender, the amount of money lent, the interest rate, and how long the borrower has to pay it back. A loan agreement serves as a crucial legal contract between a borrower and a lender, delineating the terms and conditions of a financial arrangement. A personal loan agreement can protect both you and the borrower when you lend money. Use our step-by-step guide for how to write a personal loan agreement. Personal loan agreements are used when individuals lend money, not when banks or other financial institutions do.