Panacea Financial, a division of Primis Bank, deposit products:
FDIC-Insured – Backed by the full faith and credit of the U.S. Government

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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4.9 out of 5.0 stars | 500+ reviews

Dr. G Florida
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
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
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
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
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
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
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
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
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 $50,000
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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
Learn More

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 3.80% APY2 – over 9x the national average!3
  • 100% free checking with unlimited ATM use nationwide.
  • No monthly fees. No overdraft fees. FDIC insured7.
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 3.80% APY2 – over 9x the national average!3
  • 100% free checking with unlimited ATM use nationwide.
  • No monthly fees. No overdraft fees. FDIC insured7.
Learn More

Practice Loans & Deposits

Lending and banking7 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.
A doctor sitting at her desk looking at a computer

Should You Buy or Start Your Own Medical Practice?

If you’re a physician ready to take the leap into practice ownership, you may be asking one of the most important questions of your career:...

Medical resident salaries

How Much Do You Make in Medical Residency?

Once you finish medical school, it’s time to embark on the next phase of your career: medical residency. This hands-on experience is a graduate-level step...

This is The Endoscopy Center of New York.

Owning the Future: How Dr. Janie Yang Navigated Politics, Paperwork, and Practice Ownership with Panacea’s Support

Dr. Janie Yang didn’t stumble into gastroenterology—she carved a clear path toward it. From the start of medical school, she knew she wanted to specialize...

See More »

Build Your Team

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

Connect With An Expert

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Panacea Financial Holdings partners with Primis Bank, Member FDIC, to deliver banking services through its Panacea Financial Division.

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About
External Websites: The information and analysis provided through hyperlinks to third-party websites, while believed to be accurate, cannot be guaranteed by Panacea Financial. Links are provided for informational purposes and should not be viewed as an endorsement
Fine Print

1. All personal loans have a $100 origination fee. To obtain a new loan with Panacea Financial, you must also have a Panacea checking account; there is no fee to open the account, a minimum deposit of $25 required, and there is no minimum balance. Other fees and charges may apply, see this link for full terms and conditions. The minimum APR is 10.638% (with all discounts) and the maximum APR is 17.850% (with no discounts). The APR on your loan may be higher or lower and your loan offers may not have multiple term lengths available. Actual rate depends on credit score, loan term, and other factors. Late payments or subsequent charges and fees may increase the cost of your fixed rate loan. There is no fee or penalty for repaying a loan early. We offer a 0.50% discount with auto-pay from a Panacea checking account and a 0.25% discount with auto-pay from a non-Panacea checking account. To check the rates and terms you qualify for, click “Get Started” and Panacea will conduct a soft credit pull to determine your possible rate and will not affect your credit score. Not all applicants qualify for the lowest rate or maximum loan amount; subject to credit approval. Total borrower maximum varies by stage of career and with credit score: In School maximum is between $1,000 – $10,000; In Training maximum is between $1,000 – $20,000; In Practice maximum is between $1,000 – $50,000. PRN Loans have no prepayment penalty or prepayment fee and may be repaid at any time after loan closing. The minimum repayment period is immediately after closing. The minimum and maximum term varies by employment status. In Practice and In Training PRN Personal Loans have repayment periods of 3, 5, or 7 years. In School PRN Personal Loans have repayment periods of 5 or 7 years. Example scenario of PRN In Training 5-year term loan: 14.176% fixed APR, $20,000 loan. APR includes $100 origination fee. Repayment is interest only monthly payments varying from $215.87 to $239.00 in years 1-3, fixed monthly payments of $965.22 in years 4 -5 (11 payments year 5), and one final fixed payment of $965.29. Total finance charges: $11,615.15. Panacea utilizes the Equifax credit bureau, with a FICO score minimum of 661 to qualify for a personal loan.

2. For a 5-year term, you make reduced payments in years 1, 2, and 3 of the interest accrued in the first year, added to the monthly interest. Full amortization years 4 and 5. For a 7-year term, you make reduced payments in years 1, 2, and 3 of the interest accrued in the first year, added to the monthly interest. Full amortization over years 4, 5, 6, and 7.

3. For a 3-year term, you make interest-only payments in years 1 and 2. Full amortization in year 3. For a 5-year term, you make interest-only payments in years 1, 2, and 3. Full amortization in years 4, and 5. For a 7-year term, you make interest-only payments in years 1, 2, 3, and 4. Full amortization in years 5, 6, and 7.

4. Interest-only payments during first 6 months of loan. Full amortization over remainder of loan.

5. 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.

6. Panacea Legal Services partners with Panacea Financial Holdings to assist with administrative and consultative services. The delivery of legal services will be the exclusive responsibility of Panacea Legal Services. Panacea Legal Services does not have a relationship with Primis Bank. ATTORNEY ADVERTISING. PRIOR RESULTS DO NOT GUARANTEE A SIMILAR OUTCOME. ANY COMPLAINTS ABOUT THIS ADVERTISEMENT OR THE REPRESENTATION OF ANY LAWYER MAY BE DIRECTED TO THE SUPREME COURT COMMITTEE ON PROFESSIONAL CONDUCT, C/O CLERK, ARKANSAS SUPREME COURT, 625 MARSHALL STREET, LITTLE ROCK, ARKANSAS 72201.

7. Banking services are provided by Panacea Financial, a division of Primis Bank, Member FDIC. Deposits at Panacea Financial, Primis Bank, and any of its divisions, brands or affiliates are aggregated to determine FDIC insurance coverage.

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