Banco Nacional de Panama review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Banco Nacional de Panama lends directly to public-sector staff, teachers and pensioners, with fixed rates of 5.6% to 9.25% against a personal loan median of 12.25% across the site.

Key facts

Best for
Public-sector staff, teachers and pensioners in Panama who want a long fixed-rate loan.
APR
5.6% to 9.25% (Source, checked September 26, 2026)
Loan amount
PAB 15,000 to PAB 75,000 (Source, checked September 26, 2026)
Term
120 to 300 months (Source, checked September 26, 2026)
Rate type
Fixed (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Free early repayment
No (Source, checked September 26, 2026)
Eligibility
Pensioners, white-collar staff and teachers, special-group public employees, private-company employees (3 years' tenure or continuity) and other public-sector staff (6 years' tenure); no guarantor required (Source, checked September 26, 2026)
Loan types
Personal (Source, checked September 26, 2026)
Legal entity
Banco Nacional de Panamá (Source, checked September 26, 2026)
Headquarters
Panama (Source, checked September 26, 2026)
Founded
1911 (Source, checked September 26, 2026)
Support channels
Phone, Email, Community (Source, checked September 26, 2026)
Pricing model
Fixed rate
Official website
banconal.com.pa

Apps and profiles

Elsewhere
WikidataWikipediaXfacebook.com

Pros and cons

Pros

  • Fixed rates of 5.6% to 9.25% sit below the personal loan median of 12.25% on the site.
  • A guarantor is not needed, which widens the pool of people who can apply.
  • A direct lender rather than a broker, and a term of 120 to 300 keeps repayments spread thin.

Cons

  • Free early repayment is no, so clearing the balance ahead of schedule carries a cost.
  • Eligibility is tied to employment groups and tenure, which rules out the self-employed.
  • Support runs on phone, email and community, so there is no live chat or dedicated help centre.
Banco Nacional de Panama

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Scored 9.3 / 10 by BorrowCue.

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Who it suits

  • Public employees, teachers, pensioners and private-company staff who have built a minimum tenure and want a fixed rate.
  • Borrowers priced out elsewhere: Monzo Flex charges 10% to 23% and Cashspace PHP 12 to PHP 36, against 5.6% to 9.25% here.
  • Long-horizon borrowers, since the term runs 120 to 300 while the site median is 48.

Who should look elsewhere

  • Self-employed applicants, because eligibility follows specific job groups and tenure.
  • Anyone planning to pay the loan off early, since free early repayment is no.
  • Borrowers chasing the lowest headline cost, such as Cashspace ES at 0%, because eligibility here is narrow.

Who runs it

The lender is Banco Nacional de Panamá, headquartered in Panama and founded in 1911. It is a direct lender rather than a broker, so the fixed-rate personal loan comes straight from the bank. Support runs on phone, email and community, covering phone, email and a community channel, with no live chat or help centre listed.

How Banco Nacional de Panama compares

Where Banco Nacional de Panama is available

Available
Panama

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What rate will I pay on a personal loan?+

Personal loans run on a fixed rate of 5.6% to 9.25%, so the cost does not shift with the market while the loan is open. That compares favourably with the personal loan median of 12.25% across the site, though the top of the range reaches 25.03%.

How much can I borrow and how long do I repay it?+

Borrowing runs PAB 15,000 to PAB 75,000 over a term of 120 to 300, which spreads a large balance across many years. The personal loan median term on the site is 48, so this stretches further than a typical listing.

Can I repay the loan early?+

Free early repayment is no, so settling the balance before the schedule ends carries a cost. If you expect to overpay, build the plan around the term of 120 to 300 and treat early settlement as a priced decision.

Do I need a guarantor?+

A guarantor is not part of the deal. The lending decision turns on the kind of work you do and how long you have done it, not on a second signer, so one applicant can take a loan at the fixed rate of 5.6% to 9.25% over 120 to 300.

Who can apply for this loan?+

Applicants come from named employment groups: pensioners, teachers, office staff, special-group public employees, private company staff and other public sector workers. Company staff need continuity with their employer, public sector staff need longer service, and self-employed applicants are outside the criteria. Loans run PAB 15,000 to PAB 75,000.

Am I dealing with the bank or a broker?+

The loan comes from a direct lender, direct lender, under the legal entity Banco Nacional de Panamá, so your contract is with the bank rather than an intermediary. The product list is narrow too, covering personal loans only.

How do I contact the bank about a loan?+

Support runs on phone, email and community, which covers phone, email and a community channel. Live chat and a dedicated help centre are not in that list, so a call or an email is the practical route for questions about repayments and balances.

Sources

Compiled from 4 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Arrangement fee, Credit check, Funding time, Representative example.

Related by the facts

Banco Nacional de Panama

Banco Nacional de Panama

Public-sector staff, teachers and pensioners in Panama who want a long fixed-rate loan.

9.3/10See alternatives

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