Are you looking for a loan agreement form in Illinois? Download our free Illinois Loan Agreement Form which is available as PDF or Word documents.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. WHEREAS, the Lender intends to make the Loan (as defined below) from funds available in its. 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 is a contract between two parties, generally a borrower and a lender. It outlines how much is borrowed, how it's repaid and more. A personal loan agreement outlines the terms of repayment for borrowed money. Download a loan agreement template to establish a borrower-lender relationship and ensure both parties meet their obligations.