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

Railroad Crossing, look out for the cars. Can you spell that, without any R's ?

Asked by Neha on 14 May 2021


James ordered a fishing rod, priced at $3.56. Unfortunately, James is an Eskimo who lives in a very remote part of Greenland and the import rules forbid any package longer than 4 feet to be imported. The fishing rod was 4 feet and 1 inch, just a little too long, so how can the fishing rod be mailed to James without breaking the rules? Ideally James would like the fishing rod to arrive in one piece!

Asked by Neha on 11 Apr 2022

Can you move 2 matchsticks to form four equal sized squares.

Make four Square Riddle

Asked by Neha on 17 Dec 2020


Two boys wish to cross a river. The only way to get to the other side is by boat, but that boat can only take one boy at a time. The boat cannot return on its own, there are no ropes or similar tricks, yet both boys manage to cross using the boat.

How?

Asked by Neha on 14 Oct 2025

Two in a corner, one in a room, zero in a house, but one in a shelter. What is it?

Asked by Neha on 22 Mar 2025

Can you find the next number in the below sequence
3 , 7 , 10 , 11 , 12 , 17 ?

Asked by Neha on 04 Mar 2025


In particular commonwealth games, a female participant won silver and gold medals for a single event.

How can this be possible?

Asked by Neha on 26 Feb 2024

I am the first thing you need while camping.
I am always with the person named Marcos Valencia and Carrick.
But Pogba Zlatan and Rooney think I am wasteful and do not need me.
I am the second to the last thing to add when you are making a patch.

What am I?

Asked by Neha on 16 Dec 2024

As we know that white starts the game of chess. Can you find the scenario shown in the picture below is possible when all the white pieces are at the original place while the black pawn is not as in the below picture?

Chess Game Trick

Asked by Neha on 04 Sep 2023


A man dies of old age on his 25 birthday. How is this possible?

Asked by Neha on 13 Feb 2022

Hot Articles

Amazing Facts

Gambling

In Canada, a mathematical puzzle must be solved in order to win the lottery to classify it as a “game of skill” not gambling.