FOIR = Total fixed monthly obligations ÷ Gross monthly income × 100. Banks in India approve loans when FOIR is below 40–50%. Example: monthly income ₹80,000, existing EMIs ₹20,000 → FOIR = 25% → eligible for more loans. If EMIs are ₹35,000 → FOIR = 43.75% → borderline. Add the new loan's EMI to existing obligations to check if you will stay within the bank's FOIR limit.
FOIR Calculator
Free foir calculator for Indian finance, accounting and recurring-payment workflows.
Indicative calculation only. Verify accounting, tax, lending and valuation decisions against your policies and source records.
How to use FOIR Calculator
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