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.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 capital loan agreement is a contract between a commercial borrower and lender that establishes the terms and conditions of a loan. 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. The agreement should include a schedule of repayment and you should take it seriously. Learn about getting and using credit, borrowing money, and managing debt. Form must be filled out and notarized at the time of filing. Learn about getting and using credit, borrowing money, and managing debt.