Banking Built For Doctors,
By Doctors

Physicians, dentists and veterinarians have unique financial needs. We are doctor-founded, expert-driven, and we are here to help. Whether moving for residency, opening a practice, or refinancing your student loans – Panacea Financial was built specifically for you!

Banking Built For Doctors,
By Doctors

Physicians, dentists and veterinarians have unique financial needs. We are doctor-founded, expert driven, and built specifically for you.

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About Us

Today's financial companies are in the way. We're going to change that.

Born out of the shared pain and experiences of our founders, Panacea Financial was created for doctors, by doctors. We’re dedicated to making financing simpler to understand and easier to access.

5.0 out of 5.0 stars | 300+ reviews

Dr. G Florida
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Panacea makes it easy for Medical students/Residents/Fellows/Attending physicians obtain funding. The loan application process was straight forward and easy to understand. Their fixed interest rates and term structures are innovative and tailored to medical professionals in a way that makes their clients feel like they are truly being taken care of. Highly recommended, from one physician to another!
Dr. WLouisiana
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Prompt, professional, no gimmicks, and excellent rates. I was approved and funded in one day. I highly recommend Panacea Financial. Glad I found these guys! Thank you.
Student Doctor TFlorida
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I am a medical student about to graduate. I wanted to pay off some credit card debt. After applying, I received excellent customer service, and can confirm this is a reputable company. Employees were quick to respond and professional. I got my loan quickly at a competitive rate. Overall, I’d highly recommend!
Dr. B New York
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My personal experience with Panacea is phenomenal! As a financial institution, it is by far the best. I literally mean the best financial institution I have ever dealt with. I have had unexpected expenses and I needed a professional and yet generous lender. The whole process took literally less than 72 hours, very professional, friendly and on spot team.
Dr. HRhode Island
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As a seasoned physician of 34 years in practice, I have dealt with banks and financing companies since the start of my practice. It was refreshing to deal with Alex K. and the professionalism that he exhibited. The process was smooth, including the signing of my loan documents, and fund distribution. I would urge physicians of all stages to contact Panacea Financial for their financing needs.
Dr. A Florida
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Panacea Financial is unlike any other financial institution I’ve encountered. The online interface is very user friendly and the staff are very responsive and helpful. I truly feel like I’ve joined a family. I would highly recommend their services.
Dr. G Missouri
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I paid for most of my living expenses with credit cards while going to school in one of the most expensive cities in the world. The PRN loan is providing me the option to unburden myself of that 20ish% interest and actually have a shot at getting rid of that debt in a reasonable amount of time. Next step - student loans. Excellent company. Easy process. Great communication. I’ll be back.
Dr. HFlorida
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Great experience thus far. We had a complicated financial situation coming out of medical school, worsened by my child's health-related issues, an already financial difficult time was made extraordinary difficult. The PRN loan was able to help us out significantly and they were able to help us out and understand our context of future earning with situation in training.
Dr. BMassachusetts
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I used Panacea to finance ownership in a surgery center. Multiple banks had various ridiculous options for rates or collateral. But Panacea was quick, reliable and fair. I am glad I was referred to them.
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5.0 out of 5.0 stars | 300+ reviews

Dr. G Florida
Read More
Panacea makes it easy for Medical students/Residents/Fellows/Attending physicians obtain funding. The loan application process was straight forward and easy to understand. Their fixed interest rates and term structures are innovative and tailored to medical professionals in a way that makes their clients feel like they are truly being taken care of. Highly recommended, from one physician to another!
Dr. WLouisiana
Read More
Prompt, professional, no gimmicks, and excellent rates. I was approved and funded in one day. I highly recommend Panacea Financial. Glad I found these guys! Thank you.
Student Doctor TFlorida
Read More
I am a medical student about to graduate. I wanted to pay off some credit card debt. After applying, I received excellent customer service, and can confirm this is a reputable company. Employees were quick to respond and professional. I got my loan quickly at a competitive rate. Overall, I’d highly recommend!
Dr. B New York
Read More
My personal experience with Panacea is phenomenal! As a financial institution, it is by far the best. I literally mean the best financial institution I have ever dealt with. I have had unexpected expenses and I needed a professional and yet generous lender. The whole process took literally less than 72 hours, very professional, friendly and on spot team.
Dr. HRhode Island
Read More
As a seasoned physician of 34 years in practice, I have dealt with banks and financing companies since the start of my practice. It was refreshing to deal with Alex K. and the professionalism that he exhibited. The process was smooth, including the signing of my loan documents, and fund distribution. I would urge physicians of all stages to contact Panacea Financial for their financing needs.
Dr. A Florida
Read More
Panacea Financial is unlike any other financial institution I’ve encountered. The online interface is very user friendly and the staff are very responsive and helpful. I truly feel like I’ve joined a family. I would highly recommend their services.
Dr. G Missouri
Read More
I paid for most of my living expenses with credit cards while going to school in one of the most expensive cities in the world. The PRN loan is providing me the option to unburden myself of that 20ish% interest and actually have a shot at getting rid of that debt in a reasonable amount of time. Next step - student loans. Excellent company. Easy process. Great communication. I’ll be back.
Dr. HFlorida
Read More
Great experience thus far. We had a complicated financial situation coming out of medical school, worsened by my child's health-related issues, an already financial difficult time was made extraordinary difficult. The PRN loan was able to help us out significantly and they were able to help us out and understand our context of future earning with situation in training.
Dr. BMassachusetts
Read More
I used Panacea to finance ownership in a surgery center. Multiple banks had various ridiculous options for rates or collateral. But Panacea was quick, reliable and fair. I am glad I was referred to them.
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PRN Personal Loans

Fair, affordable PRN Personal Loans designed for veterinarians, dentists and physicians throughout their career: from school, through training, and into practice. 

  • Transparent, fixed rates
  • No cosigner
  • Up to $75,000 in as little as 24 hours

Medical

photo of a doctor

Medical students
Residents & fellows
Attendings

Dental

photo of a dentist

Dental students
Residents & trainees
Dentists & specialists

Veterinary

Veterinarian PRN Loan

Vet students
Residents & trainees
Practicing veterinarians

PRN Personal Loans

Fair, affordable PRN Personal Loans designed for dentists, physicians and veterinarians throughout their career: from school, through training, and into practice. 

  • Transparent, fixed rates
  • No cosigner
  • Funding in as little as 24 hours

Student Loan Refinance For Veterinarians, Dentists & Physicians

Refinance designed specifically for the expensive debt accrued during medical, dental and veterinary school. Four rates to choose from that do not change with your income or debt level – no bait and switch, no wasted time on a pre-application to find your rate.

  • No loan maximums
  • Transparent, fixed rates
  • No cosigner
  • $100 monthly payments while in-training1
refi table

Student Loan Refinance For Dentists, Physicians & Veterinarians

Refinance designed specifically for the expensive debt accrued in medical, dental and veterinary school. Four rates to choose from that do not vary with your income or debt level – no bait and switch, no wasted time on a pre-application to find your rate.

Checking & High-Yield Savings Accounts

Panacea mobile banking app - take us everywhere!

Loans for doctors, checking and savings accounts for everyone. Take advantage of free checking and high-yield savings accounts without the hassle.

  • High-yield savings account at 4.00% APY – 12x the national average!2
  • 100% free checking with unlimited ATM use nationwide
  • No monthly fees. No overdraft fees. FDIC insured.

Practice Loans & Deposits

Lending and banking services for your practice needs.

The Panacea Practice Solutions team is here to help you accelerate your practice through specialized credit structures, competitive pricing, and experienced advice as you start, build and grow your practice.

This is a graphic about Panacea Practice Solutions.
Panacea mobile banking app - take us everywhere!

Checking & High-Yield Savings Accounts

Loans for doctors, checking and savings accounts for everyone. Take advantage of free checking and high-yield savings accounts without the hassle.

  • High-yield savings account at 4.00% APY – 12x the national average!2
  • 100% free checking with unlimited ATM use nationwide
  • No monthly fees. No overdraft fees. FDIC insured.

Panacea Practice Solutions

We are here to help you accelerate your practice through specialized credit structures, competitive pricing, and experienced advice as you start, build, and grow your practice.

On Call Customer Service On Your Schedule

We're available to help 24 hours a day, 7 days a week.

Personalized Service

Primary care banker is a text, call, or email away.

On Call Customer Service On Your Schedule

We're available to help 24 hours a day, 7 days a week.

Personalized Service

Primary care banker is a text, call, or email away.

Community Engagement

We are committed to diversifying our physician workforce through scholarships and grants to underrepresented minority medical trainees as well as funding like-minded organizations.

This is part of our mission, this is who we are. We will make medicine better.

Pediatrician examining a child

Community Engagement

Pediatrician examining a child

We are committed to diversifying our physician workforce through scholarships and grants to underrepresented minority medical trainees as well as funding likeminded organizations.

Articles & Resources

Explore our collection of advice and tools to help physicians, dentists and vets better position themselves for career and financial success.

Articles & Resources

Explore our collection of advice and tools to help physicians better position themselves for career and financial success.

Want To Know What’s Next At Panacea Financial?

The Panacea Network

Build Your Team

It takes a team of experts to navigate life as a doctor - build yours here.

Build Your Team graphic

Build Your Team

It takes a team of experts to navigate life as a doctor - build yours here.

Build Your Team graphic

If you are looking to refinance federally held student loans please be aware of recent legislative changes that have suspended payments and waived interest on such loans until June 30, 2023 due to COVID-19. Please carefully consider these changes before refinancing federally held loans with Panacea Financial as in doing so you will no longer qualify for these changes or other future benefits applicable to federally held loans.

1. Time of reduced payments at $100 selected at time of loan origination, up to three years. Borrowers can request extended period of reduced payments if their training continues.

2. National Average based on FDIC information as of 11/21/2022. APY = Annual Percentage Yield. The advertised APY is effective 11/23/2022 and subject to change thereafter. No minimum balance required to obtain the APY. The minimum to open a Panacea Savings Account is $25. Fees may reduce earnings. Offer is subject to change without notice and may be withdrawn at any time.

Doctor–In-Training Loan Refinance payment schedule examples:7 year Reduced Payment Options:

7 year (84 months) fixed rate, $250,000 at 7.00% (6.92% APR): Months 1 -12 @ $100.00 per month, Months 13-84 @ $4,535.59 per month;

7 year (84 months) fixed rate, $250,000 at 7.00% (6.75% APR): Months 1 -24 @ $100.00 per month, Months 25-84 @ $5,803.03 per month;

7 year (84 months) fixed rate, $250,000 at 7.00% (6.55% APR): Months 1 -36 @ $100.00 per month, Months 37-84 @ $7,126.22 per month;

10 year Reduced Payment Options:

10 year (120 months) fixed rate, $250,000 at 7.25% (7.17% APR): Months 1 -12 @ $100.00 per month, Months 13-120 @ $3,366.30 per month;

10 year (120 months) fixed rate, $250,000 at 7.25% (7.00% APR): Months 1 -24 @ $100.00 per month, Months 25-120 @ $3,885.22 per month;

10 year (120 months) fixed rate, $250,000 at 7.25% (6.81% APR): Months 1 -36 @ $100.00 per month, Months 37-120 @ $4,537.24 per month;

15 year Reduced Payment Options:

15 year (180 months) fixed rate, $250,000 at 7.50% (7.42% APR): Months 1 -12 @ $100.00 per month, Months 13-180 @ $2,568.18 per month;

15 year (180 months) fixed rate, $250,000 at 7.50% (7.24% APR): Months 1 -24 @ $100.00 per month, Months 25-180 @ $2,837.46 per month;

15 year (180 months) fixed rate, $250,000 at 7.50% (7.04% APR): Months 1 -36 @ $100.00 per month, Months 37-180 @ $3138.99 per month;

All associated discounts applied to Panacea and competitor rates and terms. All Panacea APRs assume a 0.50% discount to auto-pay from a Panacea Checking account. We offer a 0.25% discount to auto-pay from a non-Panacea checking account. 

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