Also called: Fixed obligation to income ratio, Debt-to-income ratio
Fixed obligations to income ratio: the share of your monthly income that goes to EMIs and other fixed payments. Lenders use it to decide how much more you can borrow.
How it works and what to check
FOIR = (all existing EMIs + the new EMI) ÷ net monthly income. Each lender sets its own ceiling, often higher for higher incomes. Credit card dues and personal loans count against it.
Closing small loans, adding an earning co-applicant or choosing a longer tenure can bring FOIR within the lender's limit.