What is my total debt across all loans?

What is FOIR and why does it matter?

FOIR (Fixed Obligation to Income Ratio) is the percentage of your monthly net income that goes toward loan EMIs. Banks use this number to decide whether you qualify for a new loan and how much more you can borrow.

Typical FOIR thresholds

• Below 40%: green zone — easy approval, best rates
• 40-50%: standard — most banks will approve at standard rates
• 50-55%: stretched — some banks may approve, but rates may be higher
• Above 55%: red zone — most banks will reject
• Above 60%: nearly impossible — even NBFCs with relaxed rules will hesitate

What this calculator does not include

For accurate FOIR, the calculator counts EMIs and credit card minimum due. Banks may also consider:

• Outstanding credit card balances (full balance, not just EMI portion)
• Guarantor obligations on loans for family members
• Rental obligations, school fees, insurance premiums — usually not in FOIR but affect actual disposable income

How to improve your FOIR

1. Pay off expensive debt first (credit cards, then personal loans) to free up monthly cash flow
2. Refinance high-interest loans to lower rates — same EMI, less interest, or lower EMI overall
3. Extend tenure on existing loans temporarily if necessary (carries cost but improves ratio)
4. Add a co-applicant with separate income for the new loan (their income counts, their existing EMIs also count)

Related calculators & reading

• Cheapest way to borrow money in India
• Loan affordability calculator
• How much loan can I get on my salary?
• Home loan EMI calculator