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

Panacea Financial Partnership Benefits

Power your organization
with better banking benefits
tailored for your employees
or members.

Help your team manage financial stressors and save money on things like student loans at no cost to you.

Get In Touch
Panacea's mobile banking app - take us everywhere you go!

Help your team manage financial stressors and save money on things like student loans at no cost to you.

Get In Touch

Panacea Financial
Partnership Benefits

Panacea's mobile banking app - take us everywhere you go!

Power your organization
with better banking benefits
tailored for your employees
or members.

Join these other great organizations that are experiencing the Panacea partnership difference

Drive Financial Freedom

Provide your members or clients with
banking benefits specifically designed for physicians.

  • We provide personal loans, medical school loan refinance, checking/savings accounts and personalized service to your members and clients across the country, at no cost to your organization.
  • By partnering with Panacea Financial you can save your employees thousands with custom-built plans using our fully digital banking solutions for doctors with personalized 24/7 customer service.

We provide personal loans, medical school loan refinance, checking/savings accounts and personalized service to your members and clients across the country, at no cost to your organization. By partnering with Panacea Financial you can save your employees thousands with custom-built plans using our fully digital banking solutions for doctors with personalized 24/7 customer service

Tell us a bit about your organization to see how we could help your organization, or email us at [email protected].

Drive Financial Freedom

Provide your members or clients with
banking benefits specifically designed
for physicians.

We provide personal loans, medical school loan refinance, checking/savings accounts and personalized service to your members and clients across the country, at no cost to your organization. By partnering with Panacea Financial you can save your employees thousands with custom-built plans using our fully digital banking solutions for doctors with personalized 24/7 customer service

Tell us a bit about your organization to see how we could help your organization, or email us at [email protected].

Easy Funding For Trainees & Physicians

Low, fixed rates, with no fees and no cosigner required

Fast Decisions

Loans funded in as little as 24 hours

Customer Service Around Your Schedule

We're available to help 24 hours a day, 7 days a week

Explore
Panacea Products

PRN Personal Loans

Checking & Savings

Student Loan Refinance

Practice Loans

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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 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. All APRs assume a 0.50% discount with auto-pay from a Panacea Checking account. We offer a 0.25% discount with auto-pay from a non-Panacea checking account.  To check the rates and terms you qualify for, click “Apply Today” 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. Panacea utilizes the Equifax credit bureau, with a FICO score minimum of 660 to qualify for a personal loan.

2. No payments during the first year. For a 5-year term, you make reduced payments in years 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 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.

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