Personal Loans for Physicians

We tend to think of debt as a necessary evil for most Americans, although for most purchases, it’s not necessary, and it’s not evil, either.

While we are not a huge fan of debt, 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 get a personal loan, we recommend you use one of these recommended companies that have been vetted extensively by us here at POF.

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Personal Loans Services For Physicians

Panacea Financial is banking built for doctors by doctors. Unlike most lenders who will only consider your FICO score and income, Panacea Financial will consider your physician status and offer you preferred rates.

Panacea Financial offer personal loans just for physicians – the PRN Personal loan is available to physicians of all stages, including residents and students in all 50 states.

PRN Personal Loan terms and maximum amounts vary depending on your status as a physician.

  • Attendings
    • 3,5, and 7-year Terms
    • Borrow up to $75,000
  • Residents and Fellows
    • 3,5, and 7-year Terms
    • Borrow up to $30,000
  • 4th Year Medical & Podiatry Students
    • 5 and 7-year Terms
    • Borrow up to $15,000

Click here for product disclosures.

All PRN Personal Loans come with the following:

  • No co-signer requirements
  • Offer a period of reduced payments
  • Funding in as little as 24 hours after approval
  • No prepayment penalties


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

They utilize a proprietary algorithm that looks beyond your FICO score and considers the traditionally low default rates of physicians allowing them to lend at competitive rates to physicians.

Doc2Docs gives physicians 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.

Their key selling points include:

  • Borrow up to $100,000
  • Applying does not affect your credit (soft credit pull w/ proprietary algorithm)
  • 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 the first payment is due and $100 cash back.

Credible is a platform that allows you to get rates from top lenders on your specific loan terms in minutes. Rather than applying to multiple lenders for the best rate, Credible does all the hard work for you and makes it easy to find a personal loan that works best for you.

At Credible, there are no mysteries and no bait-and-switch. You see real prequalified rates for loans available to you within minutes. Credible is also 100% safe, which means they don’t sell your information to lenders after you apply.

Credible offers:

  • Rates from 6.99% APR – 35.99% APR
  • Loan amounts from $600 to $200,000
  • Compare rates from up to 17 lenders

Benefits of using Credible:

  • Checking rates will not affect credit score
  • Fill out one form and compare rates from multiple lenders, including top lenders
  • Credible doesn’t sell your information
  • Checking pre-qualified rates on Credible is free
  • Excellent Trustpilot reviews

If you are looking for a loan and unsure of where you will get the best rates and terms, Credible is the best option. Get your pre-qualified rates in a matter of minutes from up to 16 lenders, including some of the top lenders in the industry.

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