A bullet loan from NN is a mortgage loan linked to your insurance policy or pension insurance policy. You pay interest only on the capital amount borrowed during the term. On the maturity date, you repay your bullet loan in one go with the capital released from your insurance policy. This means you can invest in private property now with capital that only becomes available to you later.
Use future capital now to renovate, buy, refurbish, extend, etc.
Can be combined with a classic mortgage loan
You don’t repay the bullet loan until the end of the term
• NN lends you the funds to finance your property project. This loan is made up of a bullet loan for 50%.
• You pledge your insurance policies and pension insurance policies to NN. They then form the collateral for your loan, as it were.
• With the bullet loan you pay monthly interest throughout the entire term of the loan. With a classic mortgage loan, you pay monthly interest and capital repayments.
• You repay the capital of the bullet loan on the maturity using the savings released from one or more (pension) insurance policies.
The property must be located within the European Economic Area. It may be a second home. You don’t actually have to inhabit it yourself.
With a bullet loan from NN, you can invest the capital that will be yours in the future in property now. You don’t pay back the bullet loan until then end of the term.
Build up your underlying capital in an IPC policy and enjoy an immediate tax benefit for the company
You can also take out a bullet loan if you opt for Branch 23 funds. Your broker will provide a realistic forecast as a starting point.
If you invest at least 50% of your IPC premiums in Branch 23 funds, then you will also receive a discount on the standard rate.
Please remember that in Branch 23 investments, the capital and return are not guaranteed. The risk is borne in full by the policyholder. There is no entitlement to profit-sharing.
It is necessary to read the Information Financial Fact Sheet & the General Terms and Conditions before purchasing, registering, entering into, accepting, signing or opening a NN Bullet credit.
If you have a complaint about your NN policy, please contact NN, Quality Care Center, 38 Fonsnylaan, 1060 Brussels. Send an e-mail in the first instance to klachten@nn.be. Or contact the Consumer Ombudsman Service at the Insurance Ombudsman, 35 de Meeûssquare, 1000 Brussels. Tel: +32(0)2 547 58 71, fax: +32(0)2 547 59 75, info@ombudsman.as, www.ombudsman.as. It is also possible at all times to take legal action.
