Personal Loans

We are not a huge fan of debt, having eliminated all but our revolving (and always paid on time and in full) credit card debt by age 40.

We tend to think of debt as a necessary evil for most Americans, although for most purchases, it’s not necessary, and it’s really not evil, either. An investor can be compensated for some risk by investing in debt instruments, and the debtor can have things and reach goals more quickly with the use of debt. If you are going to get a personal loan, please use one of these recommended companies.

(We do have a referral relationship with the companies listed on this page; if you work with them, this site may be compensated, contributing to our charitable mission.)

 

Panacea Financial

Panacea Financial is banking built for doctors by doctors. Because of their frustrating experiences while in medical training, they created the PRN Personal Loan — so you have access to money as you need it.

Don’t waste your time with pre-applications. You know our low fixed-rate options before you apply. Choose your term:

  • 3-yr term – 7.75% fixed APR
  • 5-yr term – 8.75% fixed APR
  • 7-yr term – 9.75% fixed APR

Click here for product disclosures.

All PRN Personal Loans come with:

  • No co-signer requirements
  • Funding in as little as 24 hours after approval

Go to PanaceaFinancial.com to learn more. Panacea Financial is a division of Sonabank, Member FDIC.

Available in all 50 states

Visit Panacea Financial

Doc2Doc

Founded for Doctors, by Doctors, Doc2Doc believes that traditional lenders overestimate the risk of lending money to doctors.

Their suite of financial products (including Personal Loans of up to $100k) utilize their proprietary algorithm to give in-practice & in-training doctors fast access to funds at a price that recognizes the financial reality of the physician lifecycle – giving you credit for the financial success in your future, rather than penalizing you for the financial challenges of the past.

Main benefits:

  • Borrow up to $100,000
  • Applying does not ​affect your credit (soft credit pull w/ proprietary algorithm)
  • Fixed Rates: 5.99%-14.99% with no pre-payment penalty
  • Get pre-approved and funds in your account within days
  • Available in all 50 states

Go through our link to Doc2Doc and receive 45 days until first payment is due and $100 cash.

Fixed Rates: 5.99% – 14.99% (autopay discount of 0.25%)

Available in all 50 states

Visit Doc2Doc

SoFi

SoFi offers an easy process with a simple online application and access to live customer support 7 days a week. Borrow up to $100,000 at fixed rates with no application or origination fees, no prepayment penalties, and no late or overdraft fees. SoFi member benefits include an unemployment protection program providing qualifying customers who lose a job with career services and a temporary pause on payments.  *personal loan disclaimer.

Fixed Rate: 7.99%-23.43% APR (with AutoPay)

Available in all states but VT & MS
Visit SoFi