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FOIR calculator: fixed obligations to income, with the proposed loan’s EMI.

Work out the EMI of a proposed loan and the borrower’s FOIR before and after it, from monthly income and existing obligations.

By · Updated

Proposed EMI–
FOIR today–
FOIR with the new EMI–
Income left after obligations–

Runs in your browser; nothing is sent anywhere. Illustrative only; your credit policy decides how income and obligations are counted.

How it is calculated

EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1), where P is the loan amount, r the monthly interest rate (annual rate ÷ 12 ÷ 100) and n the tenure in months. FOIR (fixed obligations to income ratio) = total monthly obligations ÷ net monthly income × 100. The acceptable FOIR, and what counts as income and obligations, are set by each lender’s credit policy; this calculator does not judge eligibility. Read bank statement analysis for loans.

Questions

What is FOIR?

Fixed obligations to income ratio: a borrower’s total monthly loan and fixed obligations divided by their net monthly income, as a percentage.

How is FOIR calculated with a new loan?

Add the proposed loan’s EMI to existing monthly obligations and divide by net monthly income.

What FOIR is acceptable?

It depends on the lender, the product and the borrower’s income level; check your own credit policy.

See it on your own data. AutoCredit — The credit memo, drafted and cited. Book a 30-minute working session with an engineer.

General guidance, current as of the date above. Figures and examples are illustrative unless a source is linked.