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Panacredit review

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

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Our verdict

Panacredit suits Panamanian adults who want a personal loan without a credit check and money in the bank fast. Its APR runs 12% to 35%, the arrangement fee sits inside the amount borrowed, and a direct lender pays out by ACH transfer. Check the rate before you sign, as it is variable.

Key facts

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

Facts checked September 26, 2026, 4 sources

Apps and profiles

Elsewhere
LinkedIn

Pros and cons

Pros

  • No credit check, so a thin credit file does not rule you out
  • Approval is immediate and payout goes by ACH transfer
  • Arrangement fee and formalization costs come out of the financed amount, not a separate bill
  • Terms stretch long, so a small monthly payment is possible

Cons

  • Rates are variable, so the cost can move
  • APR reaches the top of the range, well above the market median of 14.43%
  • Support runs on phone and help centre only

Ready to try Panacredit?

Scored 9.1 / 10 by SumCue.

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Who it suits

  • Panamanian residents who need cash quickly, with ACH transfer as the payout method
  • Adults past a usual age limit, since eligibility extends to older applicants
  • Foreign residents holding a type E cedula

Who should look elsewhere

  • Anyone wanting a fixed rate, as Panacredit is variable
  • Borrowers wanting a large sum, because the minimum of from $1,000 is already high
  • People who need help by live chat, as phone and help centre does not include it

Safety of your money

Panacredit lends as a direct lender, not a broker, so you deal with one company from application to repayment. It is licensed by the Direccion General de Empresas Financieras de Panama (DGEF) under Resolucion No. 164 del 20 de diciembre. Its own example on personal loans by direct discount shows a small balance repaid fortnightly, so what you agree is a fixed repayment schedule against the amount you draw.

Who runs it

The lender behind the Panacredit name is Corporacion de Finanzas del Pais, S.A., headquartered 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. Help runs on phone and help centre, so a phone line and a help centre carry the questions you are likely to have.

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?+

The stated APR runs 12% to 35% and the rate is variable, which means it can move rather than stay put for the life of the loan. That range sits above the market median of 14.43%, so compare a few quotes before you apply.

Is there an arrangement fee on top of the loan?+

No separate bill. The arrangement fee is included in the amount you finance, along with other commissions and formalization costs. In practice the cost is added to what you repay rather than charged at the counter.

How much can I borrow and for how long?+

Borrowing starts at from $1,000 and the term runs 12 to 240. That spread lets you stretch a small balance over a long repayment period, though the longer you take the more interest you pay on a variable rate.

Do I need a credit check to be approved?+

No. Panacredit runs no credit check, which is unusual among lenders and helps if your credit file is thin. You still meet the stated eligibility, so expect proof of income and identity checks during the application.

Who regulates Panacredit?+

It is licensed by the Direccion General de Empresas Financieras de Panama (DGEF) under Resolucion No. 164 del 20 de diciembre. The lending company is Corporacion de Finanzas del Pais, S.A., based in Panama and trading since 2008.

How quickly do I get the money?+

Approval is immediate and disbursement is fast, paid out by ACH transfer to your bank account. That makes Panacredit a practical option when you need cash within a day or so of applying.

Who can apply?+

Applicants must be adults, and retirement age borrowers are still accepted. Foreign residents can apply if they hold a Panamanian type E cedula, and the amount they draw starts at from $1,000.

How do I get help if something is wrong?+

Support runs on phone and help centre, so a phone line and a help centre handle your questions. There is no live chat listed, which matters if you prefer typing your queries rather than calling.

Sources

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

Panacredit

A personal loan in Panama with no credit check and quick ACH payout.

9.1/10See alternatives