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The video tutorial explains how to fill out a family loan agreement, which is a promissory note outlining the borrower's promise to repay the lender. It is used for lending money between family members or friends. To fill out the document, start by entering the loan amount and date, then provide the borrower and lender's information, including addresses. Specify the relationship between the parties and mark the box if the loan includes interest. Fill out each section carefully to complete the agreement accurately.