Refer Friends & Earn Thousands

Panacea Financial Referral Program Rules

OFFER AND ELIGIBILITY

• Referrers must use Referral Rock link and follow appropriate referral steps.
• Panacea Financial, a division of Primis, (hereinafter referred to as “Panacea Financial”, “we”, “us” or “our”, ) offers Panacea Financial customers and non-customers the opportunity to participate in a reward-based program to refer friends and family to apply for a PRN Personal Loan, Student Debt Refinance Loan or an In-Training Student Debt Refinance Loan (the “Referral Program”).
• We will provide a “reward” for each new qualifying student refinance loan or PRN personal Loan (as defined below).
• Participating referrers may receive an unlimited amount of rewards for all qualifying student refinance loan referrals made during the referral program timeframe, which is November 1, 2022 to December 31, 2023.
• An eligible student refinance loan will award $250. The loan must close by December 1, 2022 and have a minimum total loan refinance amount of $100,000.
• An eligible PRN Personal Loan will award $100. The loan must close by December 1, 2022 and have a minimum total loan amount of $10,000.
• By participating in the Referral Program, individuals agree to adhere to the terms and conditions specified within these “Program Rules”. We reserve the right to disqualify any individual from participation in the Referral Program if he or she does not comply with any of these Program Rules. Further we reserve the right to modify or amend these Program Rules and the Referral Program, including the termination of said program at any time, for any reason.

QUALIFYING REFERRALS

Only Qualifying Referrals are eligible for a reward. To qualify, a referral must meet the following product specific conditions:

For Student Refinance Loan Referrals:

• The referred borrower must refinance his/her student loan(s) with Panacea Financial into a new loan. Panacea Financial’s student loan refinance program is for qualifying in-training or in-practice physicians, dentists, veterinarians and podiatrists.
• A referral cannot be made for existing Panacea Financial customers or applicants. We must be made aware of the referral by either the referred borrower or the referrer during the application process. Referrals made after the loan has closed are ineligible for reward.
• An eligible and qualifying loan must have a minimum refinance loan amount of $100,000.
• Referred borrowers can only be referred by one person.
• Referrals must be made through the Panacea Financial website. Please contact us at [email protected] if in need of assistance.
• Eligible borrowers can combine the referral bonus with a partner cash back / rate discount and the auto payment discount.
• Referrals made through one of our partners or affiliates are not eligible for rewards under this Referral Program.

For PRN Personal Loan Referrals:

• The referred borrower must obtain a new PRN Personal Loan with Panacea Financial. Panacea Financial’s PRN Personal Loan program is for qualifying in-school, in-training, or in-practice physicians, dentists, veterinarians and podiatrists.
• A referral cannot be made for existing Panacea Financial customers or applicants. We must be made aware of the referral by either the referred borrower or the referrer during the application process. Referrals made after the loan has closed are ineligible for reward.
• An eligible and qualifying loan must have a minimum refinance loan amount of $10,000.
• Referred borrowers can only be referred by one person.
• Referrals must be made through the Panacea Financial website. Please contact us at [email protected] if in need of assistance.
• Eligible borrowers can combine the referral bonus with a partner cash back / rate discount and the auto payment discount.
• Referrals made through one of our partners or affiliates are not eligible for rewards under this Referral Program.

DISTRIBUTION OF REFERRAL LINK

• By participating, each referrer agrees to only share his/her personal referral link with family and friends.
• Referrers additionally agree not to solicit applications for Panacea Financial loans and agree not to compensate or accept any compensation from referred individuals in connection with referrals.
• Bulk distribution or promotion of a referral link by means of automated system, script or macro, or through any manner that would constitute or appear to constitute unsolicited telemarketing, commercial email or spam (in our sole discretion) is expressly prohibited and may be grounds for immediate termination of the Referrer’s account, deactivation of the referral link, and disqualification from the Referral Program.
• Each referrer is responsible for complying with any applicable laws including federal, state or local telemarketing or anti-spam laws when distributing his/her referral link.

PAYMENT OF REWARDS

• All rewards for referrals are subject to verification. We may delay payment of a reward for the purposes of investigation and refuse to process any reward related to a referral transaction we deem to be fraudulent, suspicious, or in violation of these Program Rules.
• In order to receive a reward payment, referrers will need to provide us with their legal name, address (for those receiving payment by check) and Social Security Number. If we do not have this information, we will reach out to the referrer to obtain it and no reward payment will be made until we have it. No third parties outside of the referrer and the referred individual may receive referral payments.
• Notwithstanding the above, payment for a verified reward will be distributed in the following manner:
  
  • Student Loan Refinance Referrals – within 45 days of the referred borrower’s loan closing. Note, we will only pay one referral payment per borrower, regardless of when or how many loans are refinanced by the borrower.
  • PRN Personal Loan Referrals – within 45 days of the referred borrower’s loan closing. Note, we will only pay one referral payment per borrower.

TAX CONSIDERATIONS

• An individual’s participation in the Referral Program may result in miscellaneous income and we may be required to send you, and file with the IRS, a Form 1099-MISC (Miscellaneous Income). You are responsible for any tax liability related to participating in the Referral Program. Please consult your tax advisor if you have any questions about your personal tax situation.