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

Why is the Hole below a Lock?

Hole in Lock

Asked by Neha on 23 Jul 2023


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

You order chicken wings at KFC in the boxes of 6, 9 and 20. What is the largest number of wings that you cannot obtain by buying in any combination of the boxes?

Asked by Neha on 10 Jul 2021


I am green and found in the forest and have needles instead of leaves. What am I?
Hint 1: It can be used for Christmas decorations.
Hint 2: I have a strong, scent that is used in air fresheners.

Asked by Neha on 29 Sep 2025

Jessica is telling her friends this story and asks them to guess if it’s the truth or a lie: “There was a man sitting in a house at night that had no lights on at all. There was no lamp, no candle, and no other source of light. Yet, he sat in the house and read his book happily.” Her friends say she’s lying, but Jessica corrects them and says she’s telling the truth. Jessica’s story is true—but how?

Asked by Neha on 25 Jun 2025

I came first on earth but second on the heaven.
I also came twice in a week but found just once in a year.
I stay away from months but you can find me in February.

What am I?

Asked by Neha on 01 Jan 2025


Spot 5 differences in two Christmas tree below:

Christmas Tree

Asked by Neha on 06 Jul 2021

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

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

Asked by Neha on 13 Feb 2022


Remove two matchsticks to make the below equation correct.

Make the Equation Correct

Asked by Neha on 23 Dec 2023

Hot Articles

Amazing Facts

Challenging

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