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PRN Personal Loan For Physicians

Compared with high-interest credit cards, a PRN Loan is better debt. Fair and affordable personal loans for doctors and trainees starting as low as 8.49%1

PRN Personal Loans For Physicians

Fair and affordable personal loans for doctors and trainees starting as low as 8.49%1

We Give Doctors a Better Deal!

Panacea Header

Fixed APR 

8.49%

Average Credit Card Rate

Variable APR

22.21%

Laurel Road

Fixed APR

8.99%

Competitors rates accurate as of 11/9/2022 and represent fixed APRs based on the lowest and highest advertised interest rate ranges.

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Fixed APR With Autopay Discount

8.49%

Average Credit Card

Fixed APR With Autopay Discount

22.21%

Average credit card rate accurate as of 11/9/2022.

fast funding icon
Funds in as little as 24hrs
no cosigner required with panacea
No Cosigner Required
reduce payments
Reduced Payments
fast funding icon
No Hidden Fees
fast funding icon
Funding in as Little as 24 Hours
No cosigner logo
No Cosigner
financial freedom icon
Reduced Payments
No hidden fees icon
No Hidden Fees

What is a PRN Loan?

A PRN Personal Loan gives you access to money when you need it most. Just as the name suggests, a PRN loan – pro re nata or “as needed” – is designed specifically to give medical students and doctors access to money as needed.

Why Take out a PRN Physician Personal Loan?

The cost of residency applications, board examination fees, life events, and relocation – how can you expect to pay for everything?

Physicians deserve a better option than being forced to use credit cards or ask family or friends for help.

And whether you are a medical or podiatry student or attending you can have a period of reduced payments.

How Can You Get a PRN Physician Personal Loan?

Our digital application can take as little as 8 minutes to complete and you do not need a cosigner. Then you can get funds in as little as 24 hours and it’s your money as needed.

A PRN Personal loan gives you access to money when you need it most. Just as the name suggests, a PRN loan – pro re nata or “as needed” – is designed specifically to give medical students and doctors access to money as needed.

The cost of residency application, board examination fees, life events, and relocation – how can you expect to pay for everything?

Physicians deserve a better option than being forced to use credit cards or ask family or friends for help.

And whether your a medical student or attending you can have a period of reduced payments.

Our digital application can take as little as 8 minutes to complete and you do not need a cosigner. Then you can get funds in as little as 24 hours and it’s your money as needed.

Attendings

Borrow Up to $75,000

Rates as low at 8.49% APR

3-Year PRN Loan
5-Year PRN Loan
7-Year PRN Loan

Residents & Fellows

Borrow Up to $30,000

Rates as low at 10.00% APR

3-Year PRN Loan
5-Year PRN Loan
7-Year PRN Loan

4th Year Medical and Podiatry Students

Borrow Up to $15,000

Rates as low at 10.33% APR

5-Year PRN Loan
7-Year PRN Loan

FAQs

U.S Citizens or Permanent residents who are:

      • Enrolled full time in a U.S-based accredited medical or podiatry school in their fourth year
      • Working in a U.S. medical residency or fellowship
      • Working as an attending physician with an active license in good standing

Yes you can. You can even have multiple PRN Personal loans with Panacea. We set maximum borrower amounts based on your current status: fourth-year student, in residency/fellowship, or attending physician. You can borrow up to the maximum amount for your status. For students that’s $15,000, for residents/fellows, it’s $30,000, and for attendings it’s $75,000. 

For any number of reasons! Many use our PRN Personal loan for doctors to refinance toxic credit cards, pay for moving expenses, home renovations, or any unexpected life cost like healthcare bills!  It's PRN - your money, as needed. No one should borrow more than they need but doctors should have a healthier option of debt instead of depending on credit cards or borrowing from friends or family.

We don’t require a cosigner for a PRN physician personal 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.

The application process takes less than eight minutes online. And if you choose a Panacea Checking account, you can get your funds in as little as 24 hours.

  • As a medical or podiatry student, you don't have to make payments for one full year! Then you'll pay interest only while in residency.
  • As a resident or fellow, you'll only pay the interest on your loan for the first few years, depending on your term.
  • As an attending, you'll only have to pay the interest for the first 6 months, then your full payments will start.

Articles and Resources

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Details & Requirements

Example Scenario: Attending

Example Scenario: Attending

Example Scenario: Attending

Details & Requirements