Glossary
FOIR (Fixed Obligations to Income Ratio)
What it means
FOIR is calculated as total monthly fixed obligations (existing EMIs, credit card minimums, sometimes rent) plus the proposed new EMI, divided by net monthly income. Most lenders cap FOIR at 50% to 65% depending on income level and product.
FOIR is the single biggest driver of how much you can borrow. Closing a small loan, choosing a longer tenure, or adding a co-applicant's income all reduce FOIR and increase eligibility.
Where it applies
Personal Loan
Collateral-free personal loans from ₹50,000 to ₹50 lakh at rates starting around 10.25% p.a., with disbursal typically within 48 hours of approval.
- Rate from
- 10.25% p.a.
- Up to
- ₹50 L
Home Loan
Home loans from ₹5 lakh to ₹10 crore at floating rates from about 7.35% p.a., with up to 90% funding and tenures up to 30 years, across banks and housing finance companies.
- Rate from
- 7.35% p.a.
- Up to
- ₹10 Cr
Car Loan
New car loans covering up to 100% of on-road price at rates from about 8.5% p.a., with tenures up to 7 years, across banks and captive finance companies.
- Rate from
- 8.50% p.a.
- Up to
- ₹2 Cr
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