Use our free Loan Agreement template to create a contract online. A loan agreement is a formal written contract used whenever money is borrowed.Simply fill out the attached loan agreement form to carefully document the loan amount, interest rate, contract details and terms. 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. 1. Collect all necessary information about the lender and borrower. For undergraduate students' parents; up to the value of the Cost of Attendance, less any Expected Financial Aid. Subject to credit checks. Your consolidation agreement shows: The details of your current outstanding Canada-B. C. integrated student loans balance.