Eligibility Calculator
FOIR Calculator — Fixed Obligations to Income Ratio
Calculate an illustrative Fixed Obligations to Income Ratio (FOIR) using the monthly income and fixed financial obligations you enter.
Monthly Income
Existing Monthly Obligations
All fields optional. Enter zero or leave blank if not applicable.
Enter the monthly obligation you want considered, not the total outstanding balance.
Proposed Borrowing
Optional. Enter the EMI of a loan you are considering.
Understanding FOIR
What Is FOIR?
FOIR stands for Fixed Obligations to Income Ratio. It broadly measures what proportion of a borrower's monthly income is committed to fixed financial obligations such as loan EMIs and other regular debt payments. Lenders may use FOIR as one of several factors when assessing repayment capacity.
FOIR Formula
FOIR = (Total Fixed Monthly Obligations ÷ Entered Monthly Income) × 100
This calculator uses the income and obligations you enter. It does not apply any lender-specific income adjustments or obligation definitions.
Current FOIR vs Post-Loan FOIR
Current FOIR reflects the proportion of income already committed to existing obligations. Post-Loan FOIR adds the proposed EMI to show what the ratio would become if the new loan is taken. Both are calculated using the figures you enter.
What Counts as a Fixed Obligation?
Fixed obligations typically include EMIs on existing loans (home, personal, vehicle, education, business), credit card minimum payments or fixed monthly obligations, and other regular debt-service commitments. What a specific lender includes or excludes may differ.
Why Lenders Look at FOIR
FOIR helps a lender understand how much of a borrower's income is already committed before a new loan is added. A borrower with a high FOIR has less income available for additional repayments. However, FOIR is one of several factors in a credit assessment — income stability, credit history, nature of employment and other factors also matter.
Why FOIR Can Differ Between Lenders
Different lenders may define eligible income differently (gross vs net, inclusion of variable income, rental income, etc.), recognise different obligations, and apply different acceptable FOIR levels depending on the loan product, borrower profile and internal policy. This calculator uses only the figures you enter and does not apply any lender-specific adjustments.
Frequently Asked Questions
01Does this calculator tell me if I am eligible for a loan?
No. This calculator provides an illustrative FOIR based on the figures you enter. It does not assess loan eligibility, creditworthiness or lender approval. Lenders use multiple factors in their assessment.
02What FOIR is acceptable to banks?
This calculator does not state a universal acceptable FOIR because lenders differ in their policies, income definitions and acceptable levels. The result here is a mathematical illustration only.
03Should I include my spouse's income?
If you are applying jointly and the co-applicant's income will be considered by the lender, you may include it in the income fields. The calculator uses only what you enter.
04What if I have no existing obligations?
Leave all obligation fields blank or at zero. The calculator will show a current FOIR of 0% and the post-loan FOIR will reflect only the proposed EMI.
05Can FOIR be reduced before applying for a new loan?
Mathematically, reducing or closing existing monthly obligations lowers the total fixed obligations used in the FOIR calculation, which can reduce the ratio. However, actual lender assessment depends on the income recognised, the obligations the lender chooses to include, the borrower profile and the lender's internal credit policy. This calculator shows the mathematical effect of the figures you enter and does not predict improved eligibility or approval.