Calculate your FOIR (Fixed Obligation to Income Ratio) — the Indian equivalent of DTI — to check your loan eligibility.
| Total Monthly Obligations | — |
| Remaining Income | — |
| Eligible for New Loan | — |
| Max New EMI Possible | — |
Indian banks use FOIR (Fixed Obligation to Income Ratio) of 40-50% to determine loan eligibility. If your FOIR exceeds 50%, new loan applications are typically rejected. Banks prefer FOIR below 40% for the safest borrowers.
Q: What is a good FOIR for getting a loan in India?
A: FOIR below 40% is excellent. 40-50% is acceptable. Above 50% makes new loan approval difficult. Repaying existing loans before applying for a new one improves your FOIR.
Calculatr