How this works
FOIR (Fixed Obligation to Income Ratio) is simply your total monthly EMIs — existing plus the one you're considering — divided by your monthly income. Most lenders want this under roughly 50%; the exact comfort line varies by lender.
What share of your income is already spoken for — the number most lenders check first.
FOIR (Fixed Obligation to Income Ratio) is simply your total monthly EMIs — existing plus the one you're considering — divided by your monthly income. Most lenders want this under roughly 50%; the exact comfort line varies by lender.