FOIR Calculator
Understand your debt-to-income ratio and loan approval chances
Current FOIR
15%
After New EMI
50%
Max Extra EMI Possible
₹35,000
Approval Probability
60%
How is FOIR Calculated?
The Fixed Obligation to Income Ratio compares your mandatory monthly debt payments against your net take-home income. It is expressed as a percentage.
Frequently Asked Questions
What is FOIR?
FOIR stands for Fixed Obligation to Income Ratio (also called Debt-to-Income ratio). It is a metric used by banks to determine what percentage of your net monthly income is currently being used to pay fixed obligations like EMIs and rent.
What is a good FOIR for home loan approval?
Most Indian banks prefer a FOIR of 50% or below. If your net monthly income is ₹1 Lakh, your total EMIs (including the proposed new loan) should ideally not exceed ₹50,000. For high-income earners (₹3+ Lakhs/month), banks may accept a FOIR up to 60-65%.
Are credit card bills included in FOIR?
Usually, only the minimum amount due on your credit cards or any active EMI converted on credit cards is considered part of your fixed obligations. Standard monthly utility bills, groceries, or lifestyle expenses are not included in FOIR.
How can I improve my FOIR before applying?
You can improve your FOIR by: 1) Paying off existing small loans like personal loans or auto loans, 2) Adding a co-applicant with a steady income (which increases the total net income denominator), or 3) Restructuring existing debt to a longer tenure (lowering the EMI numerator).
Do statutory deductions like PF affect FOIR?
Yes. FOIR is calculated on your Net Take-Home Salary (after tax, PF, and other statutory deductions), not on your Gross Salary. Therefore, higher statutory deductions will lower your net income and increase your FOIR.