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Medical School Loan Refinance

Refi for Doctors. Transparent Rates. No Maximums. No Co-Signer. In House Service.

Medical School Loan Refinance

Transparent Rates. No Maximums. No Co-Signer.

Are you a Physician-in-training?

Get $100 monthly payments while in Residency or Fellowship!

We know training can be unpredictable. Choose up to 3 years of reduced payments, with an option to extend for another 3 years.

  • No loan maximums
  • No Cosigner
  • No Capitalized Interest
medical student

Know Your Rates Before You Apply

Four fixed annual percentage rates to choose from – no guessing, no bait and switch, no wasted time on a pre-application to find your rate.

Terms:

5 Years

7 Years

10 Years

15 Years

Panacea Header

Fixed APR With Autopay Discount

6.00%

6.75%

7.00%

7.25%

Laurel Road

Fixed APR With Autopay Discount

4.49% – 6.15%

5.85% – 6.40%

6.05% – 6.60%

6.25% – 6.80%

Competitors rates accurate as of 11/8/2022 and represent fixed APR’s based on the lowest and highest advertise interest rate ranges.

Panacea Header

Fixed APR With Autopay Discount

5 Years:     6.00%

7 Years:     6.75%

10 Years:   7.00%

15 Years:   7.25%

Laurel Road

Fixed APR With Autopay Discount

5 Years:    4.49% – 6.15%

7 Years:    5.85% – 6.40%

10 years:   6.05% – 6.60%

15 Years:   6.25% – 6.80%

Competitors rates accurate as of 11/8/2022 and represent fixed APR’s based on the lowest and highest advertise interest rate ranges.

Med School Loan Refinancing is Better with Panacea

See how Panacea medical and podiatry student loan refinancing compares to the competition.

Know Your Rate Now

Forget “finding your rate” – with Panacea you know exactly what your rate is before you apply.

One Bank, No Handoff

Our loans are serviced entirely in house – simplify your life with one bank, built for doctors.

Refinance for Doctors

Specifically crafted for student loan debt incurred to become a doctor. 

The Panacea Difference

Transparent Rates
No
Maximum
In-House Servicing
24/7 Concierge Desk
Primary Care Banker

The "Other Guys"

(SoFi, Laurel Road, Commonbond)
Must Apply
For Rates
Hidden Maximum
Outsourced Servicing
Limited Bankers Hours
No Personal Service

The
Panacea
Difference

Transparent
Rates
No
Maximum
In-House
Servicing
24/7
Concierge Desk
Primary Care
Banker

Their
Traditional
Approach

Must Apply
for Rates
Hidden
Maximum
Outsourced
Servicing
Limited
Bankers Hours
No Personal
Service

Medical Student Loan Refinance Features

Why choose Panacea?

Loan Term Options

Medical School Loan Refinance Calculator

Quickly calculate your monthly medical school loan payment amount by entering your loan amount and selecting a refinance term and rate. Then compare that to your current loan payments and timeline to see how Panacea can help! This calculator will help you determine your monthly payments based off your principal and term chosen.

See that Panacea’s rates do not change with anything but term – what you see is what you get!

Visit studentaid.gov to find out benefits and repayment options available to federal borrowers before refinancing student loans.

FAQs

  • Refinancing your loans from medical or podiatry school may make sense if you have private student loans, are not eligible for federal forgiveness programs (like PSLF)
  • Yes we do! If you are looking to refinance, we can also consolidate multiple loans from across your education. This can be used for medical school, podiatry school, undergraduate, and graduate school loans!
  • You can set your repayment start date during the loan closing process to make it more convenient on your monthly budget! 
  • No! After refinancing you will lose access to federal student loan benefits like forgiveness programs. Please check studentaid.gov/pslf for your eligibility.
  • Yes! Panacea is proud to offer podiatrists our full suite of banking services, including student loan refinance.
  • Yes! We believe in being there for you through your career, and won't sell your loan. You will be able to contact your Primary Care Banker for all your servicing needs.

Learn More About Medical or Podiatry School Refinancing

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

Here’s to better financial solutions for Physicians.

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 end of June 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. 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. Student Loan Refinance payment schedule examples: 5 year fixed rate, $250,000 at 6.00% APR is $4,833.20 per month; 7 year fixed rate, $250,000 at 6.75% APR is $3,742.69 per month; 10 year fixed rate, $250,000 at 7.00% APR is $2,902.71 per month; 15 year fixed rate, $250,000 at 7.25% APR is $2,282.16 per month.

2. 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.

3. See the Refinance Disclosure for product information, rates, fees and other important product information.

4. Calculator is for informational purposes only, actual payments may differ slightly based on when the loan is closed and when first payment date is scheduled. Refer to loan documents for exact payment.

Product Details & Requirements

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