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 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 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. New York Free Loan Agreement Template. Utilize our complimentary Loan Agreement template to outline the terms of a loan. New York residents should know that lease-to-own, rent-to-own and land installment contracts may violate New York laws and regulations.