Courtesy : Facebook
An Indian man walks into the New York City bank and asks for the loan officer.
He informs the Loan Officer that he was going to India for some business for 2 weeks and needs to borrow $5,000.
The Loan Officer acquaints him about the security that the bank shall require in order to sanction the loan.
The Indian sits, thinks for a moment and without hesitation hands over the keys and documents of his new Ferrari parked on the street in front of the bank.
Now, this was an intriguing case for the loan officer to handle so he went to consult the president of the bank, he refers all the documents approves them to be original and valid and sanctions the loan.
The bank accepted the Ferrari as a security for the loan.
The bank president and the Loan Officer mocked the Indian at his back, for his peanut sized brain, that he kept his $750,000 Ferrari as a security and took only $5,000 for a loan.
So according to bank rules, the Ferrari was parked in the banks underground garage.
Two weeks passed by and the Indian returns and pays $5000 and the interest which comes to it $15.41.
Seeing this, loan officer says,
“Sir, we were very happy to have done business with you but we are a little puzzled. While you are away, we checked you out and
found out that you were a multi millionaire.
What puzzled us was why would you bother to borrow $5000?”
The Indian replies
“Where else in the New York City can I park my car for 2 weeks and
for only $15.41 and expect it to be there when I return”.
This happens to be a true story and
That Indian is none other than :
You may also like to read: