Its definately the fan, needed to hear it to rule out the Hard Drive crashing but you can tell its the fan causing the noise.
You need to open the Laptop and find the offending fan and spray lubricant on the axle of the fan. Most PC fans have a sticker over the axle point so simply remove the middle of the sticker and spray some WD40 over it then you will be good to go !!! Have had it happen to a few fans in my PC's over time....