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.
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 by doctors, for doctors. We’re dedicated to making financing simpler to understand and easier to access.
PRN Personal Loans
Fair, affordable PRN Personal loans designed for 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
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
PRN Personal Loans
Fair, affordable PRN Personal loans designed for dentists and physicians 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
Checking & Savings Accounts
Fast and free, our mobile banking is built by doctors, for dentists, veterinarians, and physicians at all stages of their career.
- 100% Free Checking with unlimited ATM use nationwide
- Savings account at 0.60% APY – 9x the national average!
- No monthly fees. No overdraft fees. FDIC Insured.
Student Loan Refinance for Dentists, Physicians and Veterinarians
Refinance designed specifically for the expensive debt accrued in medical and dental 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.
- No loan maximums
- Transparent fixed rates
- No cosigner
- In-house servicing
- $100 monthly while in-training1
Checking & Savings Accounts
Fast and free, our mobile banking is built by doctors, for dentists and physicians at all stages of their training.
- 100% Free Checking with unlimited ATM use nationwide
- Savings account at 0.60% APY – 9x the national average!
- No monthly fees. No overdraft fees.
Practice Loans and 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.
Insurance - Disability, Life and Commerical Coverage
No insurance-jargon filled sales pitch, no steak dinners – just an experience-based conversation to help you understand what you need, and what you don’t.
- Specialized pricing for dentists, vets and physicians
- We search the market for your best options
- Simplified underwriting, reduced pre-medical requirements
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.
- Partner Buy-In
- Acquisition
- Expansion/Relocation
- Refinance/Consolidation
- Commercial Real Estate Financing
- Equipment
- Line of Credit
- Startup Financing
Disability & Life Insurance
No insurance-jargon filled sales pitch, no steak dinners – just an experience-based conversation to help you understand what you need, and what you don’t.
- Specialized pricing for physicians and dentists
- Competitive quotes from top carries
- Simplified and streamlined underwriting
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.
Community Engagement
We are committed to diversifying our physician workforce through scholarships and grants to underrepresented minority medical trainees as well as funding likeminded organizations.
Articles and Resources
Explore our collection of advice and tools to help physicians, dentists and vets better position themselves for career and financial success.
- December 10, 2020
- March 9, 2021
Articles and Resources
Explore our collection of advice and tools to help physicians better position themselves for career and financial success.
- December 10, 2020
- March 9, 2021
Want to know what’s next at Panacea Financial?
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Panacea Products
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 the beginning of May 2022 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 orgination, up to three years. Borrowers can refinance for a further three years, maintaining $100 payments for a total of six years.
Doctor In Training Loan Refinance payment schedule examples:
7 year Reduced Payment Options:
7 year (84 months) fixed rate, $300,000 at 3.75% (3.73 % APR): Months 1 -12 @ $100.00 per month, Months 13-84 @ $4814.84 per month;
7 year (84 months) fixed rate, $300,000 at 3.75% (3.69 % APR): Months 1 -24 @ $100.00 per month, Months 25-84 @ $5856.51 per month;
7 year (84 months) fixed rate, $300,000 at 3.75% (3.63 % APR): Months 1 -36 @ $100.00 per month, Months 37-84 @ $7412.04 per month;
10 year Reduced Payment Options:
10 year (120 months) fixed rate, $300,000 at 4.25% (4.23 % APR): Months 1 -12 @ $100.00 per month, Months 13-84 @ $3475.52 per month;
10 year (120 months) fixed rate, $300,000 at 4.25% (4.18 % APR): Months 1 -24 @ $100.00 per month, Months 25-84 @ $3972.00 per month;
10 year (120 months) fixed rate, $300,000 at 4.25% (4.12 % APR): Months 1 -36 @ $100.00 per month, Months 37-84 @ $4604.38 per month;
15 year Reduced Payment Options:
15 year (180 months) fixed rate, $300,000 at 4.50% (4.48 % APR): Months 1 -12 @ $100.00 per month, Months 13-84 @ $2507.52 per month;
15 year (180 months) fixed rate, $300,000 at 4.50% (4.43 % APR): Months 1 -24 @ $100.00 per month, Months 25-84 @ $2746.46 per month;
15 year (180 months) fixed rate, $300,000 at 4.50% (4.37 % APR): Months 1 -36 @ $100.00 per month, Months 37-84 @ $3020.25 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.
