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

I have a clock(12-hour format) and both the needles of the clock overlap at 12:00.
After how much time, they will overlap again?

Asked by Neha on 06 Jan 2024


You walk into a room where there are three primates held in their respective cages:
1) A lion who is eating the flesh of a goat.
2) An orangutan who is playing with blocks.
3) A donkey who is sitting idle.

Who is the most intelligent primate in the room?

Asked by Neha on 16 Sep 2023

In a stable, there are men and horses. In all, there are 22 heads and 72 feet. How many men and how many horses are in the stable

Asked by Neha on 29 Jun 2023


Solve below rebus puzzle?

Popular Rebus

Asked by Neha on 18 May 2023

A man lives on the fifteenth floor of an apartment building. Every morning he takes the elevator down to the lobby and leaves the building. In the evening, he gets into the elevator, and, if there is someone else in the elevator, or if it was raining that day, he goes back to his floor directly. Otherwise, he goes to the tenth floor and walks up five flights of stairs to his apartment. Can you explain why he does this?

Asked by Neha on 09 Apr 2024

It has five wheels, though often think four, You cannot use it without that one more, You can put things in it, you can strap things on top, You can't find it in the market, but you can still go shop. What is it?

Asked by Neha on 17 May 2021


A word I know,
Six letters contain,
Subtract just one,
And twelve is what remains.

Asked by Neha on 18 Feb 2024

There was a minor accident with a doctor's son but the doctor noticed no major injury. After the treatment, the father of that doctors son is sitting with the son of the doctor without the doctor being in the room.

How can this be possible?

Asked by Neha on 02 Feb 2025

John buys rice at Rs.60/kg from Britain and then sells them at Rs.5/kg in India. As a result of this, he becomes a millionaire. How come?

Asked by Neha on 22 Jun 2023


Why Aeroplane windows are round?

Aeroplane Window Shape

Asked by Neha on 29 Jul 2023

Hot Articles

Amazing Facts

Crossword

The day before the 1996 U.S. presidential election, the NYT Crossword contained the clue “Lead story in tomorrow’s newspaper,” the puzzle was built so that both electoral outcomes were correct answers, requiring 7 other clues to have dual responses.