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SOMA
Member Benefits

Student Osteopathic Medical Association

From Panacea Financial, banking built for doctors, by doctors.

In partnership with the Student Osteopathic Medical Association and Panacea Financial – the bank offering for medical students just like you!

SOMA Member Benefits

From Panacea Financial, banking built for doctors, by doctors.

In partnership with the Student Osteopathic Medical Association and Panacea Financial – the bank offering for medical students just like you!

Student Osteopathic Medical Association

STUDENTS
DISCOUNTS

Get a private banker with promo code SOMA2024 on your application.

ALUMNI
DISCOUNTS

Get a primary care banker with promo code SOMA2024 on your application.

As seen on

CNBC
Business Insider
Investopedia

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.

Student Loan Refinance For Veterinarians, Dentists & Physicians

Transparent
Rates

No
Maximums

No
Cosigners

In-House
Servicing

Refinancing designed specifically for the expensive debt accrued during medical, dental and veterinary school. Four rates to choose from that do not change — no bait and switch, no wasted time on a pre-application to find your rate.
  • Transparent Rates
  • No Maximums
  • No Cosigners
  • In-House Servicing

Transparent
Rates

No
Cosigners

No
Maximums

In-House
Servicing

PRN Personal Loans

Funding In As
Little As 24 Hours

No
Cosigner

No Prepayment
Penalties

100 percent digital icon

100%
Digital

Fair and affordable personal loans up to $50,000 with low, transparent, fixed rates quick to use as needed.

  • Funding In As Little As 24 Hours
  • No Cosigner
  • No Prepayment Penalties
  • 100% Digital

Funding In As
Little As 24 Hours

No Prepayment
Penalties

No
Cosigner

100-digital

100%
Digital

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

Partner Buy-In

Refinance/Consolidation

Acquisition

Expansion/Relocation

Equipment

Commercial Real Estate
Financing

Personal Checking & High Yield Savings Accounts

Checking and savings accounts for doctors, doctors-in-training, and their immediate family! Take advantage of free checking and high-yield savings accounts without the hassle.

  • High-yield savings account at 4.50% APY – 10x the national average!1
  • 100% free checking with unlimited ATM use nationwide.
  • No monthly fees. No overdraft fees. FDIC insured.

Disability & Life Insurance

No insurance-jargon filled sales pitch, no steak dinners – just an experience-based conversation to help you understand what you need, and what you don’t.

  • Specialized Pricing
  • Best Market Options
  • Simplified Underwriting

Specialized Pricing

Best Market Options

Simplified Underwriting

Insurance Products Are:
NOT A DEPOSIT | NOT FDIC-INSURED | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY | NOT GUARANTEED BY THE INSTITUTION | MAY GO DOWN IN VALUE

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