Bullet Loans for self-employed business owners

Bulet credit

A Bullet Loan from NN is a mortgage loan linked to your (pension) insurance policy(ies).  This is how it works: during the term of the policy, you only pay interest on the capital borrowed. On the maturity date, you pay back the Bullet Loan in one lump sum using the capital released from your (pension) insurance policy(ies), such as your individual pension commitment (IPT/EIP). You can use a Bullet Loan to invest in your own private property now using capital that will only become available to you later.

Is a Bullet Loan of interest for you?

  • Are you a self-employed business owner who takes a regular monthly salary?
  • Have you already built up a comfortable cushion of assets, or do you expect to receive an amount of capital in the future, such as the lump sum from your pension plan?
  • Do you have real estate plans, such as renovating, buying, expanding real estate, etc. within the European Economic Area?
  • Are you looking to invest in a tax-efficient way with your company?

If you are, then a Bullet Loan from NN is definitely worth considering.

Why finance your property assets with a Bullet Loan?

Because you can use your future capital now!

  • With a Bullet Loan, you only have to repay it at the end of the term. Which means that with a Bullet Loan from NN, you can already use your future capital.

Plus there are tax benefits for your company!

  • By building up the underlying capital in an individual pension commitment (IPT/EIP), you enjoy an immediate tax benefit for the company.
    • The premiums paid into an IPT/EIP (individual pension commitment) are deductible as part of corporation tax within the limits of the 80% rule1. Which means that your company will receive between 25% and 35% of the premium back.

Attractive credit terms

  • You have the ability to take out a loan until your retirement age2.
  • You can choose between a fixed or variable interest rate.
  • You can combine a Bullet Loan with a conventional mortgage loan, which is a loan with monthly capital repayments, constituting up to a maximum of 50% of the total mortgage loan.
  • You can take out a loan with your de facto/legal cohabiting partner or spouse – even if this person is not a self-employed business owner.
  • If you become a paid employee and/or lose your status as a self-employed business owner during the term of the loan, you can convert the loan in full into a conventional mortgage loan with monthly capital repayments.

Also available in branch 233!

Are you looking for a higher potential return and want to opt (partly) for Branch 231 funds? Then you can also take out a Bullet Loan. Your broker will produce a realistic forecast as a starting point.

If you invest at least 50% of your IPT/EIP premiums in Branch 233 funds, you will also receive a discount on the standard rate for your Bullet Loan!

Location of your property

The property must be located within the European Economic Area. It can also be a second home. You don’t actually have to be domiciliated there.

How does the NN bullet loan work?

  • NN lends you the money to finance your real estate project in the European Economic Area. A minimum of 50% of this loan takes the form of a Bullet Loan.
  • Your (pension) insurance policy(ies) will be pledged to NN, constituting the collateral for your loan.
  • You pay the monthly interest for the Bullet Loan throughout the whole term of the loan. For the conventional mortgage loan, you pay monthly interest, as well as monthly capital repayments.
  • On the maturity date, you repay the outstanding loan using the capital released from one or more of your (pension) insurance policy(ies).

Interested in a Bullet Loan? Your broker will be happy to explain the various options available to you.

Exclusions and restrictions

Here are full details of our segmentation policy.

In principle, this product is not suitable for US Persons. NN Belgium nv does not act in relation to the Branch 23 segment under the SEC, the US regulatory authority. Click here for more information.

Documents required

Before you take out this insurance, you will need to go through the information above.

A well-earned pension

The Individual Pension Agreement (IPT) provides a tax-efficient supplementary pension

Protection for your family

Death cover: less expensive than you might think, and instant peace of mind for the future!

Protect your business

You are the key figure in your company. How will you pay your overheads if you are unable to work for the company temporarily?

Your unique life deserves a personal approach. That is why we are happy to help you find an independent broker in your area


  1. 80% rule: This rule states that mandatory and supplementary pensions, expressed as annual pension payments, may not be higher than 80% of the final normal annual gross salary. This does not take individually agreed contracts into account.
  2. Apart from some legal exceptions, the supplementary pension payment must be paid out at the time when the employee actually retires. If an employee retires after the statutory retirement age, the employee may choose when the payment of benefits and reserve should occur – either when they reach the statutory retirement age, or on their actual retirement date.
  3. Branch 23: With investments in Branch 23, neither the capital nor the return is guaranteed. The risk is borne by the policyholder. Your return (yield) depends on movements in the value of the underlying funds. There is no entitlement to profit-sharing.