Son In Law Madness novel Chapter 261

Chapter 261 Collateral

Jennifer replied, “Mr. Leo, I’m sure you’ve heard the news as well. I’ve recently managed to secure a major land reclamation project, and I’ll be able to recoup all losses by January next year. Please rest assured; we will definitely be able to pay the loan.”

“What will you be using as collateral?” Lloyd took a seat and glanced at Jennifer. He then picked up an oval-shaped ore the size of a human head and started fiddling with it.

Jennifer hesitated before suggesting, “Can I use the land reclamation project permit as collateral?”

Lloyd stroked the ore in his hand and shook his head with a smile. “You youngsters need to be more sincere. What am I supposed to do with a permit? I don’t know much about engineering, so it’s worthless to me. Try something else.”

Jennifer’s brows furrowed and she turned to look at Felicia.

That wasn’t the deal! Didn’t Felicia say that the permit was enough? Why did Mr. Leo change his mind?

Jennifer replied, “Mr. Leo, the most valuable thing I have on hand is the permit for the land reclamation project. If you’re not satisfied with that, then I’ll be taking my leave. Thank you for your time.”

Lloyd glanced at Jennifer and scanned her from top to toe. “That’s not right. You do have something else to offer as collateral.”

Jennifer was stunned. What does he mean?

Lloyd cackled and enlightened her, “The most valuable collateral you possess is your body! I can give you a loan of a hundred million. The loan period is six months with an interest of fifty million. In other words, you have to pay me a total of a hundred and fifty million in six months’ time. However, you’ll have to stay here as collateral for those six months!”

Jennifer’s expression changed.

Fifty million in interest for a loan period of six months? That’s clearly overpriced! What’s more, he wants me as collateral! Who knows what would happen to me if I agreed? It’s probably a fate worse than death!

“Thank you for your time today, Mr. Leo.” Jennifer got up to leave.

Felicia stopped her. “Hold on, Jennifer.”

Jennifer turned to look at her.

Felicia continued, “The interest of this loan is really low. Mr. Leo would charge at least double for anyone else.”