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

In a contest, four fruits (an apple, a banana, an orange, and a pear) have been placed in four closed boxes (one fruit per box). People may guess which fruit is in which box. 123 people participate in the contest. When the boxes are opened, it turns out that 43 people have guessed none of the fruits correctly, 39 people have guessed one fruit correctly, and 31 people have guessed two fruits correctly.
How many people have guessed three fruits correctly, and how many people have guessed four fruits correctly

Asked by Neha on 17 Aug 2023


A man and his wife were doing missionary work near the city of Nairobi in the country of Kenya in eastern Africa. Their housing had not yet been completed, so the man, the woman, and their six year old daughter were spending a few nights in the jungle in three small pup tents. During their third night there, the woman was awakened by the call of a hyena passing by, so she got out of her tent to see if her young daughter had been frightened by the noise. As she peered into her daughter's tent she was surprised to see the dark figures of lion, a panther, and a cheetah which were curled up next to her daughter. Seeing her daughter was asleep and unharmed, the woman slowly and quietly withdrew from the tent, and simply returned to her own tent and went back to bed. How could this child's mother leave her daughter in such a dangerous situation, and simply ignore what she had just witnessed without intervening in some way? How can such emotional coldness ever be explained; or is there something here we are missing?

Asked by Neha on 04 Apr 2022

There are four 3-link chains. All you have to do is join them into a big 12-link chain. For joining two closed links, one of the links must be cut and placed onto the other link for closing.

How many minimum links will you have to cut to make the big chain?

Asked by Neha on 27 Sep 2023


Mr Red Lives in the red house.
Mr Green Lives in the greenhouse.
Mr Yellow Lives in the yellow house.

Who lives in the Whitehouse?

Asked by Neha on 26 Apr 2024

John and his wife were living in a rural place. On a particular day, John's wife fell ill and he called the local doctor. When the doctor picked up, he said, "Doctor, my wife is ill. She might have appendicitis."

"This can't be possible! I took out her appendix two years ago myself," the doctor explained.

When diagnosed, John's wife was found to have appendicitis. How can this be possible?

Asked by Neha on 19 Jun 2024

You board a train. The train will have to enter a tunnel soon. You are claustrophobic. Which place is the best for you to sit?

Asked by Neha on 17 Nov 2024


What you cannot hold but it is yours?

Asked by Neha on 28 Dec 2024

The more it dries, the wetter it becomes. Can you tell what it is?

Asked by Neha on 09 Mar 2023

I get hot but I never sweat,
I cook food but I am not a chef,
I have a door but you can't enter me,
I have a light but I am not a lamp.
Who am I?

Asked by Neha on 15 Feb 2021


A crime was committed at baker street. Ibrahim Dakota who was shot in the stomach was the main suspect. Sherlock questioned the suspect. The conversation started as:
Sherlock: What's your story, Ibrahim?
Ibrahim: I was walking around baker street and suddenly a man from the back shot me. I ran as fast as I could to save my life".
Sherlock: That is enough (and ask the police to arrest him).

Why does Sherlock think he is the murderer?

Asked by Neha on 25 Apr 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.