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STUDENT LOAN
Refinance

Finally, refinancing designed for you. No maximums, no cosigner needed, and no charging you a higher rate because of your debt levels.

Start Your Application
No hard credit check required.

Physicians

Dentists

Veterinarians

Here’s A Better Financial Solution

Refinancing student loans is a common strategy to pay off debt. It can lower your interest rate, change your repayment terms, or reduce your number of monthly payments. If you aren’t eligible for a forgiveness program, refinancing could help you save over the life of your student loans.

Next steps:

Explore refinancing & gather required documents

Submit your application!

Finalize application with your Primary Care Banker

That’s it!

  • Explore refinancing & gather required documents
  • Submit your application!
  • Finalize application with your Primary Care Banker
  • That’s it!
Start Saving Now

Calculate Your Monthly Payment

Quickly calculate your monthly school loan payment amount to see how Panacea can help!



Visit studentaid.gov to find out benefits and repayment options available to federal student loan borrowers before refinancing.

Try Our Refinance Calculator

Real Results

Zuleyka Sanchez

Ross University School of Medicine | Forest Hills, NY
“

Panacea Financial has provided invaluable assistance with residency loans. Their consistent support and reliability throughout the entire process, and even after, have been remarkable. I am grateful to Panacea for assisting me in this crucial and financially challenging stage in my career.

Juan Manuel Martinez Diaz Granados

St. George's University | Miami, FL
“

Panacea provided an exceptional experience for incoming residents. While other companies rejected me for lacking “evidence of income,” Panacea took a holistic approach to my application. Unlike other financial institutions supposedly for medical professionals, they truly grasp our unique circumstances and are flexible in their approach. With Panacea, the process was seamless, and I felt understood and supported every step of the way.

Maye Mohamed, MD

Kaiser Permanente Northwest | Portland, OR
“

Right from the beginning, Panacea made everything a breeze. Together we developed a plan that aligned with my life and budget. They walked me through each step of the refinancing process with patience and clarity. Even after the deal was done, they continued to touch base over the years. There are no fines or hidden fees, just a straightforward approach.

See More »

Still have questions?

Review our Ebook for a deeper dive into everything you need to know about your student loan options as a doctor.

Download Our Ebook

Resources

Cares Act guide for healthcare professionals

CARES Act for Healthcare Professionals

Just the facts The automatic deferment of federal student loan payments with no interest accrual is set to end  January 31, 2022. If you have...

Changes in federal student loan servicers

Changes in Federal Student Loan Servicers: Will Your Loans Be Impacted in 2022?

Just the facts A number of federal student loan servicers have announced their withdrawal from this role by the end of 2021. This shift could...

medical school loans

Biden Extends the Student Loan Payment Pause: What This Means for Your Medical and Dental School Loans

Just the facts The automatic deferment of federal student loan payments with 0% interest is now set to end May 1, 2022. This pause on...

See More »

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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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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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