Blossoms
Tuesday, May 29, 2007
A LOAN IN NEW YORK
An Indian walks into a bank in New York city.He tells the loan officer that he is going to India for business for two weeks and that he needs a loan of $5000.The Indian hands over the keys of a new Ferrai parked costing $250,000 on the street in front of the bank as a security.The officer sanctions the loan.
Three weeks later the Indian returns to the bank. He pays the loan of $5000 along with the interest rate of $15.70. As the Indian leaves the bank, the officer questions him about the reason for choosing the car worth $250,000 as security.The Indian replies "where else in New York can I park my car for three weeks for only $15.70 and expect it to be there when i return?"
Three weeks later the Indian returns to the bank. He pays the loan of $5000 along with the interest rate of $15.70. As the Indian leaves the bank, the officer questions him about the reason for choosing the car worth $250,000 as security.The Indian replies "where else in New York can I park my car for three weeks for only $15.70 and expect it to be there when i return?"
posted by Saranya Venkateswaran at 9:00 AM
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