Panacredit review

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

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings.

Our verdict

Panacredit is a Panamanian direct lender worth a look if you want a personal loan without a credit check and money in your account quickly. Rates run 12% to 35% on amounts of from $1,000, and approval is immediate, though the top of that range is high.

Key facts

Best for
Adults in Panama who want a personal loan with no credit check and fast payout.
APR
12% to 35% (Source, checked September 26, 2026)
Loan amount
from $1,000 (Source, checked September 26, 2026)
Term
12 to 240 months (Source, checked September 26, 2026)
Arrangement fee
Included in the financed loan amount (other commissions and formalization costs) (Source, checked September 26, 2026)
Credit check
None (Source, checked September 26, 2026)
Funding time
Immediate approval and fast disbursement by ACH transfer (Source, checked September 26, 2026)
Representative example
Prestamos Personales por descuento directo: $1,000.00 over 12 months, fortnightly payment approx. $89.10 (Source, checked September 26, 2026)
Rate type
Variable (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Eligibility
Minimum age 21; retirees up to 75; foreign residents with a Panamanian cedula type E can apply (Source, checked September 26, 2026)
Loan types
Personal (Source, checked September 26, 2026)
Legal entity
Corporacion de Finanzas del Pais, S.A. (Source, checked September 26, 2026)
Headquarters
Panama (Source, checked September 26, 2026)
Founded
2008 (Source, checked September 26, 2026)
Support channels
Phone, Help-centre (Source, checked September 26, 2026)
Official website
panacredit.com

Apps and profiles

Elsewhere
LinkedIn

Pros and cons

Pros

  • No credit check, with the credit check recorded as none
  • Approval is immediate and payout is by ACH transfer, per Immediate approval and fast disbursement by ACH transfer
  • Fees are built into the financed amount rather than billed separately, so nothing is deducted up front
  • A direct lender, so direct lender means you deal with one company and support is on phone and help centre

Cons

  • The top of 12% to 35% is well above the 12% typical of personal loans on the site
  • The rate is variable, so your payments can move with the lender's pricing
  • Support runs on phone and help centre only

Ready to try Panacredit?

Scored 8.9 / 10 by BorrowCue.

See alternatives

Who it suits

  • Panamanian adults who want a personal loan decided without a credit check
  • Retirees, who can borrow while drawing a pension
  • Foreign residents in Panama holding a Panamanian cedula of type E

Who should look elsewhere

  • Anyone who wants a fixed rate rather than a variable one
  • Borrowers who need a very large sum, since amounts start at from $1,000 and the ranking on loan amount sits at 332 of 685

Safety and regulation

Panacredit lends as Corporacion de Finanzas del Pais, S.A., a direct lender based in Panama and operating since 2008. It is regulated by the Direccion General de Empresas Financieras de Panama (DGEF) under Resolucion No. 164 del 20 de diciembre. The worked example runs from $1,000 over 12 to 240 with fortnightly payments, and the none credit check means a decision rests on the lender's own assessment rather than a bureau file.

How Panacredit compares

Where Panacredit is available

Available
Panama
Licence in Panama
Direccion General de Empresas Financieras de Panama (DGEF) (Resolucion No. 164 del 20 de diciembre), checked September 26, 2026

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

Frequently asked questions

What rate will I pay on a Panacredit personal loan?+

Panacredit quotes an APR of 12% to 35% on personal loans, and the rate is variable. The representative example pairs from $1,000 with 12 to 240 and fortnightly payments, which is the clearest picture of what the borrowing costs.

Does Panacredit run a credit check?+

The credit check is recorded as none, so no bureau check sits behind the decision. Approval rests on what the lender assesses about you directly, which widens access but does not mean every application is approved.

How fast is the money?+

Immediate approval and fast disbursement by ACH transfer is the stated position, so approval comes quickly and the loan reaches you by ACH transfer. Budgeting matters here, since the fortnightly payment in the example leaves little room between paydays.

Are there fees on top of the loan?+

The arrangement fee is folded into the sum you finance rather than charged on top of it, and any extra commissions or set-up costs are bundled with it. The balance you repay is therefore larger than the cash you receive, so check the financed figure when you apply.

Who can borrow from Panacredit?+

Eligibility starts at a minimum age, and retirees can borrow up to a stated age. Foreign residents in Panama can apply if they hold a Panamanian cedula of type E, which widens the applicant pool beyond citizens.

Is Panacredit regulated?+

Yes. It is licensed by the Direccion General de Empresas Financieras de Panama (DGEF) under Resolucion No. 164 del 20 de diciembre and lends as Corporacion de Finanzas del Pais, S.A.. It is a direct lender, so the contract runs with the company you apply to.

How much can I borrow and for how long?+

Amounts start at from $1,000 and terms run 12 to 240, which gives a long window to spread a balance. The rate of 12% to 35% applies across that range, so a longer term lowers the payment but keeps the total cost high.

How do I get help once I have an account?+

Support runs on phone and help centre, so a phone line and a help centre are there for questions about a loan. There is no chat or email channel listed, which matters if you prefer to keep a written record.

Sources

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

Related by the facts

Panacredit

Adults in Panama who want a personal loan with no credit check and fast payout.

8.9/10See alternatives

Your cookie choices

We use necessary cookies to make this site work. With your permission, analytics cookies help us understand usage and marketing cookies support advertising.

You can reject non-essential cookies and still use the site. Change your choices anytime in Cookie settings.

Cookie policy
Cookie settings