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

What Time Should the last watch show in the below figure?

Time in the Clock

Asked by Neha on 21 Sep 2024


Can you find a five letter word that is left with only two letters if one is removed?

Asked by Neha on 20 Jul 2021

Who can jump higher than a Mountain?

Asked by Neha on 18 Oct 2023


Where do fish keep their money?

Asked by Neha on 25 Nov 2025

A wooden log balances equally on the scales when weighed with three-quarters of a pound and three-quarters of a wooden log.

Can you calculate the weight of the entire wooden log?

Asked by Neha on 22 Aug 2023

Find the next number in the sequence

5 12 24 36 ?

Asked by Neha on 08 Jul 2023


Can you replace the question mark with the correct letter?

6 + 6 + 6 = N
7 + 7 + 7 = E
8 + 8 + 8 = R
0 + 0 + 0 = ?

Asked by Neha on 08 Jul 2024

In 1990, a person is 15 years old. In 1995, that same person is 10 years old. How can this be?

Asked by Neha on 06 Jul 2025

Before reading ahead, you must know the fact that only one of the people here is telling the truth.

A says that B is lying.
B says that C is lying.
C says both A and B are lying.

Can you find out who is speaking the truth?

Asked by Neha on 26 Dec 2023


You need to pick one entry from pot A and one from pot B to have a perfect match. Can you do it?

Football World Cup 2014

Asked by Neha on 22 Aug 2021

Hot Articles

Amazing Facts

Challenging

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