PERSONAL LOANS
For Physicians. Made Easy.
Dentists can get up to $50,000 at rates less than half the average credit card rate! Panacea has supported doctors with over half a billion dollars in financing to date.
No hard credit check required.
Quick
Funding
No
Cosigner
Reduced
Payments
No Prepayment
Penalties
How Can A PRN Personal Loan Help?
We get it. We are doctors too. And we know that doctors deserve better than being forced to use high-interest debt. With rates less than half the average credit card rate and quick funding, a PRN Personal Loan for Physicians can help you with:
Relocation
No hard credit check required.
Relocation
Dr. T
Tennessee – Internal Medicine
I used Panacea’s PRN Loan to pay off my credit cards and help prepare for the birth of our baby. My credit score increased from 662 to 746 after paying off all of my credit cards after just 2 months.
Get To What Matters Faster & Easier
4th Year Medical & Podiatry Students
- No payments for 1 year
- Reduced payments during training²
- No cosigner required
- No prepayment penalty
- Perfect for Match fees, interviews, or moving costs!
Borrow up to:
$10,000
Residents & Fellows
- Reduced interest-only payments while in training ³
- No cosigner required
- No prepayment penalty
- Perfect for board exams, career transitions, or life events!
Borrow up to:
$20,000
Attendings
- No cosigner required
- No prepayment penalty
- Interest-only payments during first 6 months of loan for recent grads or an interruption in practice⁴
- Perfect for moving, career transitions, interruptions in practice!
Borrow up to:
$50,000
No hard credit check required.
See How Much You Can Save
Using a lower-rate personal loan can save you thousands when compared to a credit card. Don’t take our word for it. Run the numbers yourself with our Personal Loan Vs. Credit Card Calculator.
FAQs
What can I use a PRN Loan for?
A PRN Personal Loan* is exactly what it means — your money, as needed. Our PRN Loan can be used for whatever personal expenses may arise. We designed this personal loan product with the mindset that it can help pay for, but not be limited to, interviews, relocation, board examination fees, or to consolidate high interest rate credit card debt.
* PRN Personal Loans cannot be used to pay existing or future educational debt
Why don’t I need a cosigner for a PRN Loan?
We don’t require a cosigner for a PRN Personal Loan because we know you are trustworthy and deserve to be treated like an adult. Traditional banks don’t understand the financial lifecycle of doctors, which is why they can ask for co-signers in order to get access to their loans.
Who’s eligible for PRN Personal Loans?
To be eligible for a PRN Loan, you must be U.S. citizen or permanent resident and one of the following:
- A 4th year student (In-School PRN) in an accredited U.S. based medical, dental, or veterinary school OR
- A resident, fellow, or graduate student (In-Training PRN) after graduation with a MD, DO, DDS, DMD, DVM, VMD, or DPM degree OR
- An independent practicing physician, dentist, or veterinarian (In-Practice PRN) with an active healthcare license.
When does my repayment start?
If you are not a student, your first payment will be due 30 days after receiving your loan. You can tell us what day of the month you’d like to make payments on. Every PRN Personal Loan comes with a period of low or no payments.
Can I apply for a PRN Loan if I already have a personal loan?
Yes! We set maximum borrower amounts based on your current status: In-School, In-Training, or In-Practice. You can borrow up to the maximum amount for your status. For students that’s $10,000, for residents/trainees, it’s $20,000, and for practicing doctors it’s $50,000. If you take out less than this amount, and find you need more later, your Primary Care Banker will help you re-apply.
No hard credit check required.
Articles & Resources
Explore our collection of advice and tools to help doctors better position themselves for career and financial success.
How To Refinance A Credit Card For Doctors
Over half of Americans (61%) have credit card debt. This is a challenge that affects doctors as well. According to Medscape, 25% of physicians are...
Personal Loans For Dentists: A Better Financing Option
As a dentist, managing your finances can be a challenge, especially while in school or training. Your expenses can add up quickly, leaving you little...
How To Pay Off Credit Card Debt For Doctors & Doctors-In-Training
We get it, because we’ve been there. As a doctor or doctor-in-training, you are likely incredibly busy. We know speed and convenience are crucial, so...