A loan agreement is a legal document between a creditor who lends money to a borrower that is repaid with interest. Use our free Loan Agreement template to create a contract online.A loan agreement is a formal written contract used whenever money is borrowed. 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. Introducing the Loan Agreement Template! This template is perfect for those looking to draft a loan agreement between two parties. The agreement should include a schedule of repayment and you should take it seriously. Download a loan agreement template to establish a borrower-lender relationship and ensure both parties meet their obligations. Print it out and fill in the blanks.