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

One is to three as three is to five and five is to four and four is the magic number.
What is the pattern?

Asked by Neha on 04 Oct 2021


John went to buy some expensive, foreign chocolates. He only had Rs 100 with him. When he reached the shop, he got out and know that on those chocolates, there was a 15% import duty and 5% VAT.

How much worth chocolate should he buy so that he can accommodate it in Rs 100?

Asked by Neha on 25 Oct 2024

What is always in front of you but can’t be seen?

Asked by Neha on 10 May 2022


John is pretty weird. He likes toffees but hates chocolates. He loves books but never reads. He likes to build his troops in an online game but does not proceed with the war. He likes to go swimming but is afraid of water.

Seeking this behaviour, can you tell whether he likes balloons and parties?

Asked by Neha on 05 May 2024

John Went to the nearby store in a Mall to buy something for her home. Below is the conversation between the two:

John: How much for the one?
Shopkeeper: It is $2
John: How much for the Eleven?
Shopkeeper: It is $4
John: How much for the Hundred?
Shopkeeper: It is $6.

What is John buying?

Asked by Neha on 01 Dec 2025

As a whole I am both
safe and secure.

Behead me and I become
a place of meeting.

Behead me again and I am
the partner of ready.

Restore me, and I become
the domain of beasts.

What am I?

Asked by Neha on 11 May 2021


Why is the Hole below a Lock?

Hole in Lock

Asked by Neha on 23 Jul 2023

Alex opened 24 presents
Jonah opened 8 presents
Clara opened 1 present

Can you find out how many presents were opened by Candy?

Asked by Neha on 06 May 2024

I have branches, but no fruit, trunk or leaves. What am I?

Asked by Neha on 13 Feb 2022


If you drop me I’m sure to crack, but give me a smile and I’ll always smile back. What am I?

Asked by Neha on 07 Mar 2025

Hot Articles

Amazing Facts

Challenging

There is a cryptic organization called Cicada 3301 that posts challenging puzzles online, possibly to recruit codebreakers and linguists.