Panacea FinancialReviews of panaceafinancial.com

My wife and I were both in tremendous credit card debt that resulted from residency applications, living years apart as residents, and we started to accumulate a lot of interest while we continue our training. We tried to look for options for physicians and stumbled upon Panacea. They were very kind to answer our questions and explain to us the process. Both Ned and Raquel were extremely helpful and informative and understanding of our situation. I will recommend Panacea for all healthcare physicians undergoing financial hardship as they are very efficient, understanding and have great interest rates that are impossible to find.

Quick, easy, transparent, and professional. Highly recommend!

The employees are great, EXTREMELY responsive and it seems like someone is there to get back to you all the time, even when you decide to rethink your financial life overnight on call!

Both the efficiency of the process and the quality of the personal service were unparalleled in my experience. Within a half-hour after I submitted the application I had a personal banker send me an email about the application (not a copy-paste pre-made email). On the same afternoon I had the money already deposited in my account. And interspersed throughout that small window of time I had several emails (again, personal emails) updating me on every stop of the process). Signing the note was all electronic. Interest rate was significantly lower than the two loans I consolidated with the money. The icing on the cake is that I'm paying interest-only until I finish residency, with no prepayment penalty so I can throw more at it during residency if I want, and then pay it off once I graduate. I've never been given so much financial breathing room with so little effort.

My partner used Raquel for his loan. As he said, she has been communicative and efficient when it came to getting documents submitted and updating us along the way. Great experience and would look here first for any future needs.

The customer service was great and provided the icing on the cake to what was a very seamless application process. As a resident I would recommend this service to those in need given certain financial circumstances.

I sought out an MS4 loan for the stressful transition between the MS4 and residency period. It was a very smooth and efficient process. My banker, Mr. Beller, was present every step of the way keeping me updated and breast of the next steps. I would highly recommend this to any MS4 student who needs some money to help during this stressful period.

Great experience with Panacea. In medical school, I had applied for my first credit card (I know!) for residency interviews and was rejected about 4 times. Since, I have been weary of applying for and dealing with banks. When in came to searching for loan at this time, I had the idea to google “physician loan” because I had heard in past about certain companies that help physicians with home loans. I needed a loan for that in between time of residency and attending while waiting for credentialing as well as some help re-strategizing my credit card to get my finances in healthier shape and on right track. I was attracted to Panacea because they looked at the whole picture and would would understand a physician debt:income ratio. My banker, Raquel Powers, was excellent and I would say immediate in getting back to me about questions, documents needed, etc. and was always informative on the next step or timelines which is helpful. I will return in the future and will recommend this to fellow residents.