Excellent
Based on 589 reviews
Panacea Financial4.9Honesty, pricing, process and quality scores appear once 5 customers have rated them.
At our core, we are a nationwide financial services company, formed out of passion for improving the lives of medical professionals. Panacea Financial is a company founded by physicians offering a full suite of banking services to physicians, dentists, veterinarians and podiatrists at all stages of their career. Our founding partners and advisory board have decades of experience as practicing physicians and within the finance industry and as a result, we recognize the unique challenges doctors have with traditional lenders. We are partnered with Primis Bank for our banking products, a publicly traded and state chartered member of the FDIC.
Panacea Financial (panaceafinancial.com) has 589 customer reviews on Folks Told, with an average rating of 4.9 out of 5.
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DG
Excellent response time, very respectful, and highly committed to helping achieve what I needed. With them understanding the lives of healthcare professionals and curating their business towards them, I would highly recommend them as your first choice.
Nicholas H.
Everyone was extremely helpful and made the process painless. I love that they understand the financial struggles that graduating medical students and new residents go through and have programs specifically for that. I had a decent amount of credit card debt from all of the expenses involved with school, and wanted to pay that off and have some money left over for moving expenses to my residency. Panacea's loan was perfect for this, and the fact that I don't have to start payments until after the first year was great.
Allison B.
This process was so easy and painless. I really appreciate the availability and efficiency of everyone involved. All of my questions were answered in a timely manner and everyone was so kind.
Arjun A.
I mean what can I say, easily the most incredible experience I’ve ever had with a bank. The personal banker situation is fantastic, service is excellent, everything is easy - really, the way things should be.
Derek L.
Alex Kugler was a fantastic banker! He went above and beyond, answering all my questions promptly and in-depth. I appreciated him jumping on the phone with me to discuss my options, and for his attention to details.
Anna S.
I had a fantastic experience working with Panacea and my banker Rob Borcherding! They worked with me every step of the way to help make my dream of purchasing my own dental practice a reality. I recommend them without hesitation.
Melissa K.
Working with Panacea Financial has been a delight, and the process of applying for a Medical Student PRN Loan was simple and quick. I love that the underwriting is written clearly on the website, so that there are no surprises after applying for the loan. There is no compounding interest, and the repayment plan is reasonable. There are also no penalty fees for repaying back the loan early. The interest rate is fair, especially for medical students who might not have been able to apply for a residency relocation loan at other banks without a cosigner. Panacea Financial has given me the financial security to relocate to my residency, while also redistributing the money I have on my high interest credit cards to an account with a lower interest rate. It is rare to find any company that understands the position of medical students and their ability to fund their transition to residency.
Shaun W.
Easy process, good communication with customer service. Great experience overall and will be using them for my banking moving forward.
