Bank Loan

A Miser man decided to go on a vacation for a month. He goes to the bank and asks for a trip loan of $500. The bank officer asks the man that the loan can only be approved when he mortgage some valuable thing at the bank. Miser man mortgages his only car whose worth was a whopping $80000. The Bank officer laughed at him and approve the loan instantly. After vacation when the miser man returns, the bank officer asked him "Are you an idiot, why is your mortgage such an expensive car for such a short loan?".

Miser man replied with some reason and the bank officer agreed that the miser man is actually not an idiot.

What did miser man reply to the bank loan officer?.




Similar Riddles

Solve below rebus puzzle?

Popular Rebus

Asked by Neha on 18 May 2023


A father told his three sons he would die soon and he needed to decide which one of them to give his property to. He said, “Go to the market and buy something large enough to fill my bedroom, but small enough to fit in your pocket. From this, I will decide which of you is the wisest and worthy enough to inherit my land.” They all went to the market, and each came back with a different item. The father told his sons to come into his bedroom one at a time and try to fill up his bedroom with their items. The first son came in and put some pieces of cloth he bought and laid them across the room, but it barely covered the floor. The second son came in and laid some hay on the floor, but there was only enough to cover half the floor. The third son came in and showed his father what he bought. He wound up getting the property. What did the third son show his father?

Asked by Neha on 29 May 2025

What is the Surname of Barbie Doll?

Asked by Neha on 25 Jul 2023


A girl says this to her best friend: “I was born in 1955, and I celebrated my 17th birthday last weekend.” Her best friend thinks she’s lying, but she’s actually correct. How is that possible?

Asked by Neha on 12 Jun 2025

Today is a very icy and cold morning in Newcastle. Mr Shearer, an office bus driver arrived to pick up the employees from the last stop. Shearer suddenly remembers that he needs to pick a newly joined 4miles to the north. Mr Shearer lost his direction compass, a few minutes later Shearer is able to figure that he is moving in the correct direction i.e. north. How did Shearer know that he is moving in the correct direction?

Asked by Neha on 01 Aug 2024

You visit a home for specially-abled children on the occasion of Christmas where you meet with 50 children. You have a box of chocolates containing 50 chocolates exactly.

What if you were asked to one chocolate to each child in a manner that one chocolate still remains in the box? Is it possible?

Asked by Neha on 28 Apr 2023


A mile-long train is moving at sixty miles an hour when it reaches a mile-long tunnel. How long does it take the entire train to pass through the tunnel?

Asked by Neha on 27 Apr 2022

What number does the below three word/phrase identify and why?
1. Deck
2. Year
3. Singing in the Rain

Asked by Neha on 21 Feb 2024

A sundial has the fewest moving parts of any timepiece. Which has the most?

Asked by Neha on 07 Jul 2025


John’s parents have three sons: Snap, Crackle, and what’s the name of the third son?

Asked by Neha on 14 Feb 2022

Hot Articles

Amazing Facts

No Solution

In 2007, a puzzle was released and $2 million prizes were offered for the first complete solution. The competition ended at noon on 31 December 2010, with no solution being found. Wiki