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The video tutorial explains how to write a personal loan agreement using the DocHub PDF format, considered the easiest option. To start, users should visit the specified webpage and choose their preferred document format. The process includes filling out a form where users input information such as the effective date of the agreement, details about the borrower (e.g., name and address), and the lender. In this example, the borrower is Johnny Appleseed, and the lender is his wife, Nancy Appleseed, both living at the same address. The agreement specifies the loan amount ($10,000) and a repayment terms of one year. The video emphasizes that the form is fillable, allowing users to input necessary details as needed.