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The tutorial demonstrates how to create a personal loan agreement using a fillable form, allowing customization in Adobe PDF, Microsoft Word, or rich text format. The agreement includes borrower and lender details, amount to be borrowed, payment terms, and legal clauses. In this example, Johnny Appleseed is lending $10,000 to his wife Nancy Appleseed over one year. The agreement is effective on May 24, 2015, with both parties' contact information included.