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The tutorial explains how to write a personal loan agreement using a fillable form in Adobe PDF format. The agreement includes details such as the date, borrower's information (in this case, Johnny Appleseed), amount to be loaned ($10,000), repayment terms (in this case, within a year), and other relevant information. The form allows for customization and can be saved in different formats such as Adobe PDF, Microsoft Word, or rich text format.