FOIR Reality Check
Your Fixed Obligation to Income Ratio is the number every bank checks before lending you money. Enter your salary and all your running EMIs to see exactly where you stand — and how much headroom you have before the next loan.
FOIR is the single most important number for your loan eligibility.
All fixed monthly obligations: home loan EMI, car loan EMI, personal loan EMI, and credit card minimum payments. Even "no-cost EMIs" count. The numerator is the total of all these; the denominator is your net monthly income (gross, before tax, for some banks).
Most banks use 40% as the conservative threshold for unsecured loans (personal, education). For secured loans (home, car), some lenders stretch to 50% since the asset backs the loan. Above 50%, expect rejections — or worse, a loan with punishing terms.
Credit card minimum payment is only 5% of outstanding balance — but it still counts in FOIR. A ₹2L card balance adds ₹10,000 to your monthly obligations. Many people are close to the limit without realising it, until their home loan application gets rejected.