Bank employees share the strangest reasons why people apply for loans.


We all probably know the meaning of a loan: it simply means that money is given to another party in exchange for repayment plus interest. The terms are agreed upon by each party before the money is advanced. Taking out a loan can be a scary experience – but most of the time, it is a simple process. However, this is not always the case. Some bankers have been faced with some pretty strange loan applications, which we’ll discuss in this article. We promise you that some of them are really funny, so don’t forget to grab your tissues. (Names are subject to change in this article)

Bell’s Pepper
Jason: “I was working in a call center at a credit union. One day a lady called to ask for a personal loan. Nothing strange until then, until I realized why she needed the loan. Our company policy was to ask what the funds were for, to make sure the customer had a valid reason. I had to ask the lady what the loan was for and she said, “I need to buy a bell pepper for dinner. I responded to her request by explaining that no bank would give her a loan for a bell pepper, but she insisted that she needed the loan. The strangest part of this whole story was that I had money in her account. There was more than enough for a bell pepper.”

Driver’s license?
Mary: “I was surprised when I received an application from a man in his 20s who wanted to take out a $60,000 loan for traffic violations over a 9-month period. When I asked him how he did it, he admitted (almost proudly) that he spent about $50,000 every year on traffic violations. What disturbed me the most was the fact that he seemed so proud and had a good credit history. It was because of his history that he was able to get the loan. As I researched further, I found out that he was getting fines most of the time for parking EVERYWHERE: diagonally across the road, on the side, and on the road during traffic.”


Vince: “One day a man walked into the bank I worked for. He smelled of alcohol, was dressed in a white tank top and short jeans. He went straight to my office and didn’t hesitate, he needed a ‘chainsaw loan’. He later clarified that he didn’t want a loan to buy a chainsaw, but wanted the bank to buy a chainsaw and lend it to him. The man had bad credit, which he also admitted. His plan was to use the chainsaw as collateral to get the loan. Eventually, he wanted to use the chainsaw as collateral for a loan to buy a chainsaw.”

Career in Rap
Dwane: “One day I got a call from a young man who wanted to borrow $10,000 to buy a rap studio. He had no idea where or how to buy one. On top of that, he had no job, no savings and therefore no money to pay back the loan. He promised me that he would pay back $50,000 when his rap career took off. The interest rates weren’t that high, of course. It wasn’t a deal.”

Amusement Park
Julie: “Where to start? I’ve had several strange requests. The first was from a client who wanted a loan to create a theme park. The park would be based around tents, far from any major city. The second was a man who wanted a loan using his ex-wife’s house as collateral. His reason was that he had paid her off, so it was really “his money” anyway. The third client wanted to start a business making and delivering snow for Christmas. However, his idea was to do it in Australia where Christmas happens to be in the summer. It almost never gets below 30 degrees…”

Winning the lottery
Jeffrey: “I work in a commercial loan department and one day a lady called me and said she wanted a $10,000 loan because she knew how to win the lottery. I decided to play along for a minute and asked her to explain her method. Of course, she didn’t want to share her method because then I could do it before her. I unfortunately couldn’t lend her the money. But I hope she won the lottery.”


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