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The video tutorial explains how to create a personal loan agreement using DocHub in PDF format. Users are guided to fill in a fillable form by entering necessary details. The date of the agreement is set as May 24. The borrower is identified as Johnny Appleseed, living at 123 Apple Way, Applebill, Texas. He is lending money to his wife, Nancy Appleseed, who shares the same address. The borrower agrees to pay the lender a total of $10,000 within one year. The tutorial emphasizes the importance of filling in blank fields accurately to finalize the loan agreement.