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The tutorial explains how to write a personal loan agreement using DocHub PDF, which is deemed the easiest format. The process involves filling out a fillable form where users enter relevant information in blanks. The agreement becomes effective on a specified date, here set as May 24. The borrower is named Johnny Appleseed, residing at 123 Apple Way, Apple Bill, Texas. The lender is identified as his wife, Nancy Appleseed, who shares the same address. The agreement specifies a loan amount of $10,000, with a repayment term of one year. Further details about the loan are then to be included in the document.