FOIR & Loan Eligibility Calculator
Compute Fixed Obligation to Income Ratio (FOIR), remaining monthly EMI capacity, and maximum loan borrowing limit.
Analyzing transactions with institutional-grade precision...
Calculation & Analysis Results
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Calculation Methodology & Formula
FOIR (%) = (Total Monthly EMI Obligations ÷ Net Monthly Income) × 100. Max Additional EMI = (Max FOIR Threshold × Income) − Current Obligations.
Arithmetic is calculated using institutional-grade fixed-point precision with exact 2-decimal financial rounding. Standard binary floating-point drift is strictly prevented across all transaction volumes.
Supported Inputs & Limitations
Supported: Net monthly income, existing EMIs, proposed loan interest rate, tenure, and target FOIR threshold (e.g. 50%).
Limitations: Estimates borrowing limits based on mathematical ratios; actual bank sanction depends on credit bureau (CIBIL/Equifax) scores.
Find Existing EMIs Automatically from Bank Statements
Trade Cost Pro automatically detects recurring loan debits, auto-debit bounces, and insurance EMIs from uploaded PDFs.
Frequently Asked Questions
What is an ideal FOIR for home and personal loans?
Most Indian and global lenders prefer a FOIR between 40% and 50%. Top earners with high disposable income may qualify up to 60–65%.
Does this tool factor in rental income or business drawings?
You can add any verified recurring income source to the Net Monthly Income field to evaluate blended FOIR.
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