How to use this FOIR calculator
- Choose whether your income is monthly or annual with Income is.
- Enter your net monthly income (or net annual income): your take-home pay after tax and deductions. Add both incomes if you are applying jointly.
- Enter your home loan EMI or rent. If you are applying for a home loan, enter the new EMI you expect.
- Add your car loan EMI and education loan EMI, if you have them.
- Enter your credit card minimum due, added up across all your cards, and any other EMIs, such as a personal loan.
The result shows your FOIR, a rating against typical lender limits, your total fixed obligations, what is left after them and how much room you have before 40% and 50%. A table shows how much each obligation adds to your FOIR, and what it would be without it.
The FOIR formula
FOIR = total EMIs and fixed obligations ÷ net monthly income × 100 Fixed obligations are your EMIs, your rent if you rent, and your credit card minimum due. Living costs such as groceries, utilities and insurance are left out.
FOIR uses your net income, the amount that actually reaches your account, because that is what you pay EMIs from. If you enter an annual figure, the calculator divides it by 12.
Worked example
Your take-home pay is ₹1 lakh a month. You pay ₹25,000 in rent or home loan EMI, a ₹10,000 car loan EMI, ₹3,000 of credit card minimum due and ₹7,000 on another EMI. Your fixed obligations total ₹45,000, so your FOIR is ₹45,000 ÷ ₹1,00,000 × 100 = 45%, rated Manageable.
You have ₹55,000 left after obligations. To get to 40% you would need to cut ₹5,000 of EMIs, while at 50% you have ₹5,000 a month of room for a new EMI.
| Obligation | Monthly | Share of income | FOIR without it |
|---|---|---|---|
| Home loan EMI or rent | ₹25,000 | 25% | 20% |
| Car loan EMI | ₹10,000 | 10% | 35% |
| Credit card minimum due | ₹3,000 | 3% | 42% |
| Other EMIs | ₹7,000 | 7% | 38% |
| Total | ₹45,000 | 45% |
Clearing the ₹7,000 EMI would bring your FOIR down to 38%. Alternatively, a take-home pay of ₹1,12,500 a month would bring today's obligations to 40%.
What FOIR do lenders accept?
Lenders typically cap FOIR around 40–50%, and some allow up to about 55% for higher incomes. The limit varies by lender, so treat these as guides rather than rules. The calculator rates your result like this:
- Comfortable: 40% or less, below the caps lenders typically use.
- Manageable: above 40% and up to 50%, within the typical range.
- High: above 50% and up to 55%, which some lenders allow only for higher incomes.
- Very high: above 55%, beyond what lenders usually allow.
The most you could pay in all EMIs and fixed obligations at each limit:
| Net monthly income | At 40% FOIR | At 50% FOIR |
|---|---|---|
| ₹50,000 | ₹20,000 | ₹25,000 |
| ₹75,000 | ₹30,000 | ₹37,500 |
| ₹1,00,000 | ₹40,000 | ₹50,000 |
| ₹1,50,000 | ₹60,000 | ₹75,000 |
| ₹2,00,000 | ₹80,000 | ₹1,00,000 |
Subtract the EMIs you already pay to see the largest new EMI that fits.
From spare FOIR to a loan amount
The room the calculator shows is a monthly EMI, not a loan amount. To turn it into one, try amounts in the EMI calculator. In the example, the ₹5,000 of room at 50% supports a loan of only about ₹2.3 lakh at 10.5% over 5 years, which has an EMI of ₹4,943.60. Clear the ₹7,000 EMI first and the room at 50% grows to ₹12,000 a month, enough for about ₹5.5 lakh on the same terms.
For a home loan, the home loan eligibility calculator works out the largest loan your FOIR allows and checks it against RBI loan-to-value limits.
How to lower your FOIR
- Clear small debts first. Once a loan near its end or a small card outstanding is cleared, it drops out of your obligations entirely. The debt payoff calculator shows the fastest order.
- Choose a longer tenure on the new loan. The EMI falls, though you pay more interest over the life of the loan.
- Apply jointly. Adding a co-applicant's take-home pay raises the income FOIR is measured against.
- Avoid new EMIs before you apply. A new personal loan or buy now, pay later plan adds straight to your obligations.
Check what a new personal loan would add with the personal loan EMI calculator before you apply.
Frequently asked questions
What is FOIR?
How is FOIR calculated?
What is a good FOIR?
Is FOIR calculated on gross or net salary?
Does rent count in FOIR?
How can I reduce my FOIR?
Sources and further reading
Independent, official guidance on this topic. Rules differ by country, so check the regulator where you live.
- Reserve Bank of India: regulations, notifications and consumer awareness · Reserve Bank of India
This calculator gives estimates for education and planning. It is not financial advice, and your lender's figures may differ. See how we calculate.