Use our free Loan Agreement template to create a contract online. 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 New York? Download our free New York Loan Agreement Form which is available as PDF or Word documents. The first step in creating a contract for a loan is deciding on the type of payment plan that will be offered. 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. Create an agreement that details who agreed to loan money to whom on what terms. New York Free Loan Agreement Template. Utilize our complimentary Loan Agreement template to outline the terms of a loan. Notice of Lending forms can be purchased at stationery stores that carry legal forms.