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In this tutorial, the video guides viewers on how to fill out a loan agreement, also known as a loan contract. It serves as a legal document between a lender and a borrower, which can originate from official institutions like banks or informal sources. To start, users should click the "Fill Online" button to access the PDF Run online editor. The process involves entering the date, full legal names, addresses of both parties, and the loan amount. Users must carefully read and fill in terms and conditions, specify the loan due date, and address additional items like prepayment fees and communication methods. The tutorial emphasizes the importance of understanding all sections before completing the document.