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Banco Nacional de Panama review

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

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Our verdict

Banco Nacional de Panama is a bank founded in 1904 that lends directly to pensioners and staff groups at a fixed rate of 5.6% to 9.25%. It suits borrowers who want a predictable repayment schedule and a personal loan with no guarantor, though the offer is narrow and tied to particular employment groups.

Key facts

Best for
A personal loan for pensioners and employed staff who want a fixed rate and no guarantor.
Rate type
Fixed↗
Term
120 to 300 months↗
Legal entity
Banco Nacional de Panamá↗
Headquarters
Panama↗
Founded
1904↗
Support channels
Phone, Email, Community↗
Pricing model
Fixed rate
Official website
banconal.com.pa

Loans

APR
5.6% to 9.25%↗
Loan amount
PAB 15,000 to PAB 75,000↗
Lender type
Direct lender↗
Free early repayment
No↗
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↗
Loan types
Personal↗

Mortgages

Purpose
Purchase↗

Facts checked September 26, 2026, 5 sources

Apps and profiles

Elsewhere
WikidataWikipedia

Pros and cons

Pros

  • Fixed-rate personal loans at 5.6% to 9.25%, so repayments stay level for the whole term
  • No guarantor is required to take out a loan
  • Lends straight to borrowers, direct lender, with no broker in between
  • Support runs on phone, email and a community, the channels in phone, email and community

Cons

  • Free early repayment is no, so plan around the full term of 120 to 300 rather than clearing the balance early
  • Lending is limited to personal loans for purchase, so other borrowing needs are not covered
  • Support runs on phone, email and community only, with no live chat among the listed channels
Banco Nacional de Panama

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Scored 9.8 / 10 by SumCue.

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Who it suits

  • Pensioners and staff in the eligibility groups the bank lists, including teachers and white-collar staff
  • Borrowers who want one fixed rate and a known repayment schedule across a term of 120 to 300
  • People who would rather not give a guarantor

Who should look elsewhere

  • Anyone who plans to repay early without a charge, since free early repayment is no
  • Borrowers outside the staff and pensioner groups in the eligibility list
  • People after a variable rate or a wider range than personal loans

Rates and card terms

The bank lends at a fixed rate of 5.6% to 9.25% on personal loans, so the cost of borrowing stays the same across the term. Terms run 120 to 300, which suits people who know how long they need the money and want a predictable monthly payment. Because the rate is fixed rather than variable, a rise in market rates will not change what you repay.

How Banco Nacional de Panama compares

Where Banco Nacional de Panama is available

Available
Panama

Countries from the brand (Source, checked September 29, 2026)

Frequently asked questions

What kind of lender is Banco Nacional de Panama?+

It is a direct lender, direct lender, so you apply to the bank itself rather than to a broker or a marketplace that passes your details on. The products it offers are personal loans, and the stated purpose for borrowing is purchase.

What rate do I pay on the loan?+

The rate is fixed, fixed, and the figures run 5.6% to 9.25%. A fixed rate means your repayments hold steady for the length of the loan, so a change in market rates will not alter what you pay each period. That suits anyone who wants a predictable monthly cost.

How much can I borrow, and for how long?+

Loan amounts run PAB 15,000 to PAB 75,000, and terms run 120 to 300. Those figures tell you whether the money you need sits inside the bank's range and how long you would be repaying it. A longer term spreads the same amount over more payments.

Who is eligible to borrow?+

The personal loans, personal, go to pensioners, to teachers and white-collar staff, to public employees in special groups, and to private-company staff who have built up a minimum length of service or continuity, plus other public-sector staff who have served for longer still. A guarantor is not needed.

Can I repay the loan early without a charge?+

Free early repayment is no, so budget for the full 120 to 300 rather than planning to clear the balance early. The rate stays fixed at 5.6% to 9.25% across the term. If you might settle the balance sooner, ask the bank what it charges for early settlement.

How do I get in touch with the bank?+

Support runs on the channels listed in phone, email and community, which are phone, email and a community. As a direct lender, the bank handles the application itself rather than passing you to another provider, so a call or an email goes straight to the team that will assess you.

How does the rate compare with other lenders?+

Most lenders in the comparison sit at 15.5%, so the bank's rate of 5.6% to 9.25% is lower than the typical borrowing figure here. It also fixes the rate for the whole term, which matters if you want certainty. Check the figure for your own term and amount, since the range moves with the product.

Sources

Compiled from 5 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Headline rate, Minimum deposit, Deposit protection.

Banco Nacional de Panama

Banco Nacional de Panama

A personal loan for pensioners and employed staff who want a fixed rate and no guarantor.

9.8/10See alternatives