FOIR calculator: fixed obligation to income ratio
See how much of your income already goes to EMIs, what a new loan would do to it, and how much more EMI fits a FOIR limit you choose.
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Leave blank to see how much EMI room you have.
Illustrative. Lenders set their own limits.
Current FOIR
15.0%
Your EMIs take 15.0% of your take-home pay. At a 50% limit you could add an EMI of up to ₹35,000, which supports a loan of about ₹38,90,073.
- Most extra EMI within the limit
- ₹35,000
- Loan that EMI supports
- ₹38,90,073
- Total EMIs allowed at this limit
- ₹50,000
This is an educational estimate, not a lender eligibility decision.
Assumptions behind this estimate
- FOIR here = all monthly EMIs ÷ monthly take-home (net) income × 100.
- The 50% limit is the one you chose. Lenders set their own limits and may calculate FOIR on gross income or include other obligations, such as credit card dues.
- Maximum loan assumes a fixed interest rate for the whole tenure and excludes processing fees and other charges.
- This is an educational estimate, not a lender eligibility decision.
Current FOIR
15.0%
What your FOIR means for how much you can borrow
FOIR = all your monthly EMIs ÷ monthly income × 100. With ₹1,00,000 of take-home pay and ₹15,000 of EMIs, your FOIR is 15%. A new ₹25,000 EMI would take it to 40%. How much more you could borrow depends heavily on the limit:
| FOIR limit | Total EMIs allowed | Room for a new EMI | Loan that EMI supports |
|---|---|---|---|
| 40% | ₹40,000 | ₹25,000 | ₹27,78,624 |
| 50% | ₹50,000 | ₹35,000 | ₹38,90,073 |
| 60% | ₹60,000 | ₹45,000 | ₹50,01,523 |
What FOIR limit do lenders use?
Each lender sets its own limit in its credit policy, and it can vary with your income, employer, credit record and the type of loan, so treat any single figure as an assumption. RBI does set a cap for microfinance loans: repayments on all of a household's loans can't exceed 50% of its monthly household income. The methodology page has the source.
FOIR is a lender's check, not a budget. To see what fits after rent and expenses, use the loan affordability calculator.
How this works
How we calculate your current FOIR, your FOIR with a new loan, and the most extra EMI and loan amount that fit a FOIR limit you choose. Read the full methodology, formulas and sources.
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Frequently asked questions
What is FOIR?
FOIR stands for fixed obligation to income ratio: the share of your monthly income that goes to EMIs and other fixed obligations. Lenders use it as one check when deciding how much they will lend.
How do I calculate FOIR?
FOIR = total monthly EMIs ÷ monthly income × 100. For example, EMIs of ₹15,000 on a take-home pay of ₹1,00,000 give a FOIR of 15%. Add a new ₹25,000 EMI and it rises to 40%.
How do I calculate FOIR for a home loan?
Add the proposed home loan EMI to the EMIs you already pay and divide by your monthly income. Enter the home loan EMI as the new loan above. To see the largest home loan that fits, leave it blank: the calculator turns the EMI room into a loan amount at your rate and tenure.
What FOIR limit do banks allow?
There is no single figure. For most loans, each lender sets its own limit in its credit policy, and it can depend on your income, employer, credit history and the type of loan. RBI does set one for microfinance loans: total loan repayments can't exceed 50% of monthly household income. The 50% default here is only a starting point; try other limits to see the difference.
Is FOIR calculated on gross or net income?
Lenders differ. Some use gross monthly income and some use take-home pay, and some count other obligations such as credit card dues. This calculator uses take-home pay, which gives a more cautious figure.
How can I lower my FOIR?
Prepay or close a small existing loan, choose a longer tenure for the new loan (a lower EMI, but more total interest), or add a co-applicant's income if the lender allows it.
Is my salary information stored?
No. Everything is calculated in your browser. Nothing you type is sent to us or anyone else.
Related tools
- Loan Affordability CalculatorEstimate how much EMI fits your budget after rent, expenses and savings, and the home or personal loan it supports.
- EMI CalculatorWork out your monthly EMI, total interest and full month-by-month amortization schedule for any loan.
- Actual Interest Rate & APR CheckerThe rate on your offer isn't what you really pay. Add the processing fee, GST and other charges to see the actual interest rate (APR) and the total cost.
Last reviewed · By ClearRupee Editorial Team