Student Loan Refinance for Medical Residents and Fellows $100 monthly payments while in Residency or Fellowship1 Apply Now Looking for Attending Refinance? Click Here! Physician-in-Training Medical School Loan Refinance $100 monthly payments while in Residency or Fellowship1 Apply Now Looking for Attending Refinance? Click Here! Refinance built for doctors by doctors No loan maximums – No Cosigner – No Capitalized Interest No loan maximumsNo CosignerNo Capitalized Interest$100 monthly payments while in training Terms: 7 Years 10 Years 15 Years Fixed APR With Autopay Discount 5.75%5.99%6.25% Laurel Road Fixed APR With Autopay Discount 5.58% – 6.10%5.72% – 6.24%5.94% – 6.41% Terms includes period of lowered payments Competitors rates accurate as of 8/9/2022 and represent fixed APR’s based on the lowest and highest advertise interest rate ranges. Fixed APR With Autopay Discount 7 Years: 5.75%10 Years: 5.99%15 Years: 6.25% Laurel Road Fixed APR With Autopay Discount 7 Years: 5.58% – 6.10%10 years: 5.72% – 6.24%15 Years: 5.94% – 6.41% Competitors rates accurate as of 8/9/2022 and represent fixed APR’s based on the lowest and highest advertise interest rate ranges. Interested in Refinancing Your Student Loans While in Training? Panacea Financial provides the best refinancing options for doctors in residency or fellowship. Here's why. Save On Private Loans Consolidate your private student loans into one easy payment. $100 monthly payments during residency or fellowship Reduce your payments while in training to help manage your expenses. Flexible rates and terms Choose a repayment term and pick low fixed interest rate. Student Loan Refinance for Residents and Fellows No cosigner - you’re a grown up, be treated like one No maximum - seriously, none No fees - nada, zilch No selling your loan - we’re with you the whole way Soft credit check - application does not affect your credit score View details and requirements2 Apply Now Loan Term Options 7 Year 10 Year 15 Year 7 Year 5.75% Fixed APR1 10 Year 5.99% Fixed APR1 15 Year 6.25% Fixed APR1 How it Works Review Requirements No pre-application needed as we don't use your debt level or income level to determine the low rate you deserve. Select your rate and term Compare the plans available to you with a choice of rates and terms. Choose How Long You Want $100 payments Choose up to 3 years of reduced payments, with options to extend if you continue your training. Apply now FAQs Who is eligible for In-Training Medical School Refinance? U.S. Citizens or permanent residents who have graduated medical or podiatry school, and have started their post-graduate training program, also known as their residency. Do you refinance loans for Medical and Podiatry Residents? Yes! We recognize many would like to lower their interest rates while in training which is why we offer $100 payments while in training. Why don’t I need a co-signer for a Medical or Podiatry School Refinance Loan? We don’t require a cosigner for a medical or podiatry school refinance loan because we know you are trustworthy and deserve to be treated like an adult. Traditional banks don’t understand that which is why they can ask for co-signers in order to offer their lowest rates. How long can I only pay $100? When you refinance your medical school loans in training you get 3 years of $100/month payments that you can choose to refinance one additional time and get 3 more years of $100/month payments. Also note that your years in lowered payment count towards your total length of repayment term. How does Panacea handle the accrued interest differently than the competition? The competition takes interest that accrues during the “lower payment” month and then adds it back to your principal (ie capitalized interest) which causes you to pay interest now on a higher balance. We do NOT do that and that saves you money. At Panacea the balance you have left over at the end of your $100/month period is simply spread out (or amortized) over the rest of your repayment period. How are you different from other companies? We are a doctor-founded company that personally knows how different our financial lives can be. That is why we made products equally as different which includes our medical and podiatry school refinance loan that has no maximums, no co-signer requirement, and no capitalized interest. See all FAQs $100 monthly payments while in training! Whatever you need, Panacea Financial helps you get loans fast. Here’s to better financial solutions for Doctors in training. GET STARTED TODAY They were very accommodating of my odd hours as a physician and my schedule. I would highly recommend Panacea Financial. Dr. E. in New YorkInternal Medicine “The easiest and most transparent loan application I have ever done. They understand Doctors’ specific needs and circumstances.” Dr. T. in WashingtonPediatrics “Got my loan approved in 3 business days which is amazing. Amazing work and I recommend Panacea for every physician!” Dr. M in OklahomaInternal Medicine “Panacea has been so responsive and attentive to me as a MS4 and now as a resident. The process was extremely easy and I’ve recommended them to many of my classmates.” Dr. J in NashvillePediatrics “I learned about Panacea from a fellow med student and I have to say it was the best experience. Definitely the right way to go about getting financial help with moving for residency.” Dr. R in MichiganFamily Medicine Previous Next Learn More About Med School Refinancing Explore our collection of advice and tools to help physicians better position themselves for career and financial success. A Letter from Our Founders November 10, 2020 Follow This Three-Step Process to Obtain Your Loan Payoff Statement January 8, 2021 What Doctors Need to Know About Credit Scores February 5, 2021 A Letter from Our Founders November 10, 2020 Why Should I Purchase Disability or Life Insurance as a Medical Student, Resident/Fellow or Physician? March 4, 2021 As a Doctor, Should I Refinance My Student Loans? January 4, 2021 See all blog posts $100 monthly payments while in training!1 Whatever you need, Panacea Financial helps you get loans fast. Here’s to better financial solutions for physicians in training. GET STARTED TODAY Disclosures / Fine Print 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 August 2022 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.Doctor–In-Training Loan Refinance payment schedule examples:7 year Reduced Payment Options:7 year (84 months) fixed rate, $250,000 at 5.75% (5.70% APR): Months 1 -12 @ $100.00 per month, Months 13-84 @ $4,328.57 per month;7 year (84 months) fixed rate, $250,000 at 5.75% (5.59% APR): Months 1 -24 @ $100.00 per month, Months 25-84 @ $5,302.63 per month;7 year (84 months) fixed rate, $250,000 at 5.75% (5.46% APR): Months 1 -36 @ $100.00 per month, Months 37-84 @ $6,749.94 per month;10 year Reduced Payment Options:10 year (120 months) fixed rate, $250,000 at 5.99% (5.94% APR): Months 1 -12 @ $100.00 per month, Months 13-120 @ $3,162.94 per month;10 year (120 months) fixed rate, $250,000 at 5.99% (5.84% APR): Months 1 -24 @ $100.00 per month, Months 25-120 @ $3,635.86 per month;10 year (120 months) fixed rate, $250,000 at 5.99% (5.71% APR): Months 1 -36 @ $100.00 per month, Months 37-120 @ $4,233.73 per month;15 year Reduced Payment Options:15 year (180 months) fixed rate, $250,000 at 6.25% (6.20% APR): Months 1 -12 @ $100.00 per month, Months 13-180 @ $2361.57 per month;15 year (180 months) fixed rate, $250,000 at 6.25% (6.09% APR): Months 1 -24 @ $100.00 per month, Months 25-180 @ $2,600.51 per month;15 year (180 months) fixed rate, $250,000 at 6.25% (5.96% APR): Months 1 -36 @ $100.00 per month, Months 37-180 @ $2,870.70 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.2. See the Refinance Application Disclosure for product information, rates, fees and other important product information.3. Adverse Credit Event: two or more payments more than 30 days late, totaling more than $500, within the prior 6 months; accounts with a total outstanding balance greater than $1,000 that are 90 or more days delinquent as of the date of the credit report, or that have been placed in collection or charged off during the two years preceding the date of the credit report; default determination during the five years preceding the date of the credit report; bankruptcy discharge during the five years preceding the date of the credit report; repossession during the five years preceding the date of the credit report; foreclosure during the five years preceding the date of the credit report; charge-off/write-off of a federal student aid debt during the five years preceding the date of the credit report; wage garnishment during the five years preceding the date of the credit report; tax lien during the five years preceding the date of the credit report; consumer credit counseling within five years preceding the date of the credit report.