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Banking Built For
PHYSICIANS

Whether you’re moving for residency, looking for ways to fund your practice, or simply want personalized service from your banking partner — Panacea Financial was built specifically for you.

Whether you’re moving for residency, funding your practice, or building your savings — Panacea Financial is designed for physicians at all stages.

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Trustpilot

4.9 out of 5.0 stars | 400+ reviews

Dr. G Florida
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Panacea makes it easy for Medical students/Residents/Fellows/Attending physicians obtain funding. The loan application process was straight forward and easy to understand. Their fixed interest rates and term structures are innovative and tailored to medical professionals in a way that makes their clients feel like they are truly being taken care of. Highly recommended, from one physician to another!
Dr. WLouisiana
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Prompt, professional, no gimmicks, and excellent rates. I was approved and funded in one day. I highly recommend Panacea Financial. Glad I found these guys! Thank you.
Student Doctor TFlorida
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I am a medical student about to graduate. I wanted to pay off some credit card debt. After applying, I received excellent customer service, and can confirm this is a reputable company. Employees were quick to respond and professional. I got my loan quickly at a competitive rate. Overall, I’d highly recommend!
Dr. B New York
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My personal experience with Panacea is phenomenal! As a financial institution, it is by far the best. I literally mean the best financial institution I have ever dealt with. I have had unexpected expenses and I needed a professional and yet generous lender. The whole process took literally less than 72 hours, very professional, friendly and on spot team.
Dr. HRhode Island
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As a seasoned physician of 34 years in practice, I have dealt with banks and financing companies since the start of my practice. It was refreshing to deal with Alex K. and the professionalism that he exhibited. The process was smooth, including the signing of my loan documents, and fund distribution. I would urge physicians of all stages to contact Panacea Financial for their financing needs.
Dr. A Florida
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Panacea Financial is unlike any other financial institution I’ve encountered. The online interface is very user friendly and the staff are very responsive and helpful. I truly feel like I’ve joined a family. I would highly recommend their services.
Dr. G Missouri
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I paid for most of my living expenses with credit cards while going to school in one of the most expensive cities in the world. The PRN loan is providing me the option to unburden myself of that 20ish% interest and actually have a shot at getting rid of that debt in a reasonable amount of time. Next step - student loans. Excellent company. Easy process. Great communication. I’ll be back.
Dr. HFlorida
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Great experience thus far. We had a complicated financial situation coming out of medical school, worsened by my child's health-related issues, an already financial difficult time was made extraordinary difficult. The PRN loan was able to help us out significantly and they were able to help us out and understand our context of future earning with situation in training.
Dr. BMassachusetts
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I used Panacea to finance ownership in a surgery center. Multiple banks had various ridiculous options for rates or collateral. But Panacea was quick, reliable and fair. I am glad I was referred to them.
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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.

Get To Know Us

PRN Personal Loans For Physicians & Medical Students

Fair, affordable PRN Personal Loans designed for physicians and physicians-in-training to use as needed.

  • Transparent fixed rates
  • No cosigner
  • Up to $75,000 in as little as 24 hours
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Medical School Loan Refinance

Refinance designed for the loans incurred in medical and podiatry school. Four rates to choose from that do not change with your income or debt level – no wasted time on a pre-application to find your rate.

  • Transparent Rates
  • No Maximums
  • No Cosigners
  • In-House Servicing
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Transparent
Rates

No
Cosigners

No
Maximums

In-House
Servicing

Transparent
Rates

No
Maximums

No
Cosigners

In-House
Servicing

Learn More

Personal Checking & High Yield Savings Accounts

Loans for doctors, checking and savings accounts for everyone. Take advantage of free checking and high-yield savings accounts without the hassle.

  • High-yield savings account at 4.80% APY – 12x the national average!2
  • 100% free checking with unlimited ATM use nationwide.
  • No monthly fees. No overdraft fees. FDIC insured.
Learn More

Personal Checking & High Yield Savings Accounts

Loans for doctors, checking and savings accounts for everyone. Take advantage of free checking and high-yield savings accounts without the hassle.

  • High-yield savings account at 4.80% APY – 12x the national average!1
  • 100% free checking with unlimited ATM use nationwide.
  • No monthly fees. No overdraft fees. FDIC insured.
Learn More

Practice Loans & 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.

  • Partner Buy-In
  • Refinance/Consolidation
  • Acquisition
  • Expansion/Relocation
  • Equipment
  • Commercial Real Estate Financing
Business Loans
Business Accounts

Partner Buy-In

Refinance/Consolidation

Acquisition

Expansion/Relocation

Equipment

Commercial Real
Estate Financing

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.

See How We Support Our Medical Community

Articles & Resources

Explore our collection of advice and tools to help doctors better position themselves for career and financial success.
See All Blog Posts
See All Blog Posts

Build Your Team

It takes a team of experts to navigate life as a doctor — build yours here.

Connect With An Expert
  • PO Box 2075
    Ashland, VA 23005
Panacea is rated Excellent on Trustpilot
Products
Resources
About
© 2023 Panacea Financial, a Division of Primis. Member FDIC. All Rights Reserved
Fine Print
  1. $25 minimum opening deposit. Cannot fund (or open) new account via transfer from an existing Panacea account. Fees for ATM transactions at foreign (non-Primis) ATMs will be refunded within five business days after the statement cycle ends. Wire fees refunded up to $35 per wire for a funding wire over $10,000.
  2. APY = Annual Percentage Yield. The advertised APY is effective 5/5/2023 and subject to change thereafter. No minimum balance required to obtain the APY. The minimum to open a Panacea Savings Account is $25. Fees may reduce earnings. Offer is subject to change without notice and may be withdrawn at any time. 
  3. National Average based on FDIC information as of 5/5/2023.
  4. FDIC Insurance limit is $250,000, per depositor, per ownership category.

Routing number for all Panacea Financial accounts: 051409278

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