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PRN Personal Loan For Veterinarians

Compared with high-interest credit cards, a PRN Loan is better debt. Fair and affordable personal loans for veterinarians and trainees starting as low as 8.49%1

Apply Today

PRN Personal Loan For Veterinarians

Fair, affordable personal loans for veterinarians and trainees to use as needed.

Apply Today

We Give Doctors A Better Deal!

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Fixed APR With Autopay Discount

8.49%

Average Credit Card

Fixed APR With Autopay Discount

23.24%

Average credit card rate accurate as of 2/28/23.

“I used Panacea's PRN personal loan to pay off all of my credit cards and help prepare for the birth of our baby. My credit score increased from 636 to 739 after paying off all of my credit cards after just 2 months.”
Dr. T.Tennessee
“My credit score was 691 but after using Panacea’s PRN loan to pay off debt a month later my score had jumped to 729!”
Dr. P.Florida
“After using the PRN loan to consolidate all of the credit card debt I had accumulated in residency, my credit score increased from 685 to 754 within 3 months.”
Dr. G.Missouri
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“I used Panacea's PRN loan to pay off all of my credit cards and help prepare for the birth of our baby. My credit score increased from 636 to 739 after paying off all of my credit cards after just 2 months.”
Dr. T.Tennessee
“My credit score was 691 but after using Panacea’s PRN loan to pay off debt a month later my score had jumped to 729!”
Dr. P.Florida
“After using the PRN loan to consolidate all of the credit card debt I had accumulated in residency, my credit score increased from 685 to 754 within 3 months.”
Dr. G.Missouri
Previous
Next
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Funds In As Little As 24 Hours
no cosigner required with panacea
No Cosigner Required
reduce payments
Reduced Payments
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No Hidden Fees
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Funding In As Little As 24 Hours
No cosigner logo
No Cosigner
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Reduced Payments
No hidden fees icon
No Hidden Fees

What Is A PRN Loan For Veterinarians?

A PRN Personal Loan gives you access to money when you need it most. Just as the name suggests, a PRN Loan – pro re nata or “as needed” – is designed specifically to give veterinary students, trainees and doctors access to money as needed.

Why Would A Veterinarian Take Out A PRN Personal Loan?

The cost of residency application, board examination fees, life events, and relocation – how can you expect to pay for everything?

Veterinarians deserve a better option than being forced to use credit cards or ask family or friends for help.

And whether you are a veterinary student, trainee or practicing veterinarian you can have a period of reduced payments.

How Can You Get PRN Personal Loan For Veterinarians?

Our digital application can take as little as 8 minutes to complete and you do not need a cosigner. Then you can get funds in as little as 24 hours and it’s your money as needed.

Practicing Veterinarian

  • Interest-only payments during first 6 months of loan4
  • No cosigner required
  • No fees
  • Soft credit check that won’t impact your credit score
View details and requirements
Apply Today
Borrow Up To $75,000

Rates as low at 8.49% APR

3-Year PRN Loan
View payment example
5-Year PRN Loan
View payment example
7-Year PRN Loan
View payment example

Veterinary Residents & Graduate Students

  • Reduced interest-only payments during years 1 & 2 of loan 3
  • No cosigner required
  • No minimum credit score
  • No fees
  • Soft credit check that won’t impact your credit score
View details and requirements
Apply Today
Borrow Up To $30,000

Rates as low at 12.00% APR

3-Year PRN Loan
View payment example
5-Year PRN Loan
View payment example
7-Year PRN Loan
View payment example

4th Year Veterinary Students

  • No payments for 1 year
  • Reduced payments during training 2
  • No cosigner required
  • No minimum credit score
  • No fees
  • Soft credit check that won’t impact your credit score
View details and requirements
Apply Today
Borrow Up To $15,000

Rates as low at 12.36% APR

5-Year PRN Loan
View payment example
7-Year PRN Loan
View payment example

FAQs

U.S citizens or permanent residents who are:

  • Enrolled full time in a U.S-based accredited dental school in their fourth year.
  • Training in a U.S. veterinary residency or graduate school.
  • Working as a practicing veterinarian or veterinary specialist with an active license in good standing.

Yes you can! You can even have multiple PRN Personal Loans with Panacea. We set total borrower amounts based on your current status: fourth-year student, in-training, or in practice. You can borrow up to the maximum amount for your status. For students that’s $15,000, for trainees it’s $30,000, and for practicing veterinarians it’s $75,000. 

For any number of reasons! Many use our PRN Personal Loan for doctors to refinance toxic credit cards, pay for moving expenses, home renovations, or any unexpected life cost like healthcare bills! No one should borrow more than they need but doctors should have a healthier option of debt instead of depending on credit cards or borrowing from friends or family.

We don’t require a cosigner for a PRN Personal Loan for veterinarians because we know you are trustworthy and deserve to be treated like an adult. Traditional banks don’t understand that which is why they can ask for cosigners in order to offer their lowest rates.

The application process takes less than eight minutes online. And if you choose a Panacea Checking account, you can get your funds in as little as 24 hours.
  • As a veterinary student, you don't have to make payments for one full year! Then you'll pay interest-only for up to 3 years.
  • As a veterinary resident or graduate student, you'll only pay the interest on your loan for the first few years, depending on your term.
  • As a practicing veterinarian or veterinary specialist, you'll only have to pay the interest for the first 6 months, then your full payments will start.
See All FAQs

Articles & Resources

Explore our collection of advice and tools to help physicians better position themselves for career and financial success.

See All Blog Posts

Here’s to better financial solutions for veterinarians.

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    Ashland, VA 23005
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Fine Print

1. 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. Rates are current as of 1/23/23 and are subject to change without notice. Not all applicants qualify for the lowest rate. Lowest rates reserved for the most creditworthy borrowers. Your actual rate will be within the range of rates listed above and will depend on a variety of factors, including evaluation of your credit worthiness, income, and other factors. See APR examples and terms. 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.

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.

PRN Loan Example Scenario Disclosure –

  • In-School – 5 year term, 12.36% fixed APR, $15,000 loan – No monthly payments in year 1. Reduced monthly payments of $243.98 in years 2-3. Fixed monthly payments of $712.92 in years 4-5.
  • In School – 7 year term, 13.37% fixed APR, $15,000 loan – No monthly payments in year 1. Reduced monthly payments of $262.74 in years 2-3. Fixed monthly payments of $409.84 in years 4-7.
  • In-Training/Resident/Fellow – 3 year term, 12.00% fixed APR, $30,000 loan – interest only monthly payments of $305.75 in years 1-2. Fixed monthly payments of $2,664.77 in year 3.
  • In-Training/Resident/Fellow – 5 year term, 13.00% fixed APR, $30,000 loan – interest-only monthly payments of $331.23 in years 1-3. Fixed monthly payments of $1425.85 in years 4-5.
  • In-Training/Resident/Fellow – 7 year term, 14.00% fixed APR, $30,000 loan – interest-only monthly payments of $356.71 in years 1-4. Fixed monthly payments of $1025.25 in years 5-7.
  • In-Practice/Attending – 3 year term, 8.49% fixed APR, $75,000 loan – interest-only monthly payments of $540.80for first 6 months. Fixed monthly payments of $2,784.49 for remaining 30 months.
  • In-Practice/Attending – 5 year term, 9.99% fixed APR, $75,000 loan – interest-only monthly payments of $636.35 for first 6 months. Fixed monthly payments of $1,730.81 for remaining 54 months.
  • In-Practice/Attending – 7 year term, 11.49% fixed APR, $75,000 loan – interest-only monthly payments of $731.90 for first 6 months. Fixed monthly payments of $1,370.06 for remaining 78 months.

Details & Requirements

  • Proof of income as a veterinarian or vet specialist
  • W2 or 1099 or Personal Tax Returns or equivalent
  • Active veterinary license in good standing
  • No adverse credit event5
  • Minimum loan amount: $1,000; maximum: $75,000
  • US citizenship or permanent residency

Example Scenario: Practicing Veterinarian

  • $75,000 loan (max amount)
  • 3-year term at 8.49% APR1
  • Interest-only monthly payments of $540.80 for first 6 mo.
  • Fixed monthly payments of $2,784.49 for remaining 30 mo.

Example Scenario: Practicing Veterinarian

  • $75,000 loan (max amount)
  • 5-year term at 9.99% APR1
  • Interest-only monthly payments of $636.35 for first 6 mo.
  • Fixed monthly payments of $1,730.81 for remaining 54 mo.

Example Scenario: Practicing Veterinarian

  • $75,000 loan (max amount)
  • 7-year term at 11.49% APR1
  • Interest-only monthly payments of $731.90 for first 6 mo.
  • Fixed monthly payments of $1,370.06 for remaining 78 mo.

Details & Requirements

  • Must provide one of 1) recent paystub, 2) veterinary school diploma, 3) residency contract, 4) letter in good standing from your program
  • Active medical / trainee license in good standing, and
  • No adverse credit event5
  • Minimum loan amount: $1,000; maximum $30,000
  • Maximum loan amount of $15,000 if annualized income <$45,000
  • US citizenship or permanent residency

Example Scenario: Veterinary Resident/ Graduate Student

  • $30,000 loan (max amount)
  • 3-year term at 12.00% APR1
  • Interest-only monthly payments of $305.75 in years 1 - 2
  • Fixed monthly payments of $2,664.77 in year 3

Example Scenario: Veterinary Resident/ Graduate Student

  • $30,000 loan (max amount)
  • 5-year term at 13.00% APR1
  • Interest-only monthly payments of $331.23 in years 1 - 3
  • Fixed monthly payments of $1,425.85 in years 4 - 5

Example Scenario: Veterinary Resident/ Graduate Student

  • $30,000 loan (max amount)
  • 7-year term at 14.00% APR1
  • Interest-only monthly payments of $356.71 in years 1 - 4
  • Fixed monthly payments of $1,025.25 in years 5 - 7

Details & Requirements

  • Copy of most recent Transcript, and
  • Picture of veterinary school or hospital ID badge, and
  • No adverse credit event5
  • Minimum loan amount: $1,000; maximum: $15,000
  • US citizenship or permanent residency
  • Attending accredited US-based veterinary school

Example Scenario: Fourth-Year Veterinary Student

  • $15,000 loan (max amount)
  • 5-year term at 12.36% APR1
  • No monthly payments during year 1
  • Reduced monthly payments of $243.98 in years 2 - 3
  • Fixed monthly payments of $712.92 in years 4 - 5

Example Scenario: Fourth-Year Veterinary Student

  • $15,000 loan (max amount)
  • 7-year term at 13.37% APR1
  • No monthly payments in year 1
  • Reduced monthly payments of $262.74 in years 2 - 3
  • Fixed monthly payments of $409.84 in years 4 - 7

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