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.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. This Agreement covers your rights and responsibilities concerning your accounts and the rights and responsibilities of the Credit Union providing this. 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. Detail and formalize the terms of a loan with our free loan agreement template and make the lending process easier for all parties involved. A personal loan agreement is a contract between two parties, generally a borrower and a lender. It outlines how much is borrowed, how it's repaid and more. Agreement must be filed and maintained in a court in Pima County, Arizona.