FOIR Calculator India — Check Your Loan Approval Ratio 2026
Check Max Loan · FOIR · CIBIL Score · Bank Comparison · EMI Preview
FOIR (Fixed Obligation to Income Ratio) is the single most important metric banks use to decide loan approval. It measures what percentage of your income is already committed to EMIs. If FOIR exceeds 50%, most banks reject the loan application. Knowing your FOIR before applying helps you either close existing loans first, add a co-applicant, or time the application when FOIR is favorable. Even credit card minimum dues count — clear outstanding balance before applying for any major loan.
📋 Your Financial Profile
📊 Eligibility Breakdown
🔮 "What If" Simulator
See how changing one factor boosts your eligibility
📅 Amortization Preview — First 12 Months
| Month | EMI | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | ₹29,428 | ₹5,147 | ₹24,281 | ₹33,24,853 |
| 2 | ₹29,428 | ₹5,184 | ₹24,244 | ₹33,19,669 |
| 3 | ₹29,428 | ₹5,222 | ₹24,206 | ₹33,14,447 |
| 4 | ₹29,428 | ₹5,260 | ₹24,168 | ₹33,09,187 |
| 5 | ₹29,428 | ₹5,299 | ₹24,129 | ₹33,03,888 |
| 6 | ₹29,428 | ₹5,337 | ₹24,091 | ₹32,98,551 |
| 7 | ₹29,428 | ₹5,376 | ₹24,052 | ₹32,93,175 |
| 8 | ₹29,428 | ₹5,415 | ₹24,013 | ₹32,87,760 |
| 9 | ₹29,428 | ₹5,455 | ₹23,973 | ₹32,82,305 |
| 10 | ₹29,428 | ₹5,495 | ₹23,933 | ₹32,76,810 |
| 11 | ₹29,428 | ₹5,535 | ₹23,893 | ₹32,71,275 |
| 12 | ₹29,428 | ₹5,575 | ₹23,853 | ₹32,65,700 |
| Total | ₹70,62,720 | ₹33,30,000 | ₹37,32,720 | — |
🎯 Pre-Approval Probability
💡 Tips to Increase Your Loan Eligibility
Current: 750. Pay all dues on time. 750+ gets you best rates and fast approval.
✅ Already greatYour existing EMIs: ₹0. Closing them frees FOIR capacity.
✅ No existing EMIsAdd working spouse or parent. Combined income dramatically increases max loan.
Potentially +50–80% eligibilityLonger tenure = lower EMI = more loan. Current: 20yr. Max: 30yr.
Lower EMI by extending to 30yrHigher down payment = smaller loan needed = easier approval and lower interest.
Reduces loan requirement and improves FOIRBonus, rental income, part-time income — some banks include these. Get income certificate.
Can add 20–30% to declared incomeWhat is Loan Eligibility? — How Banks Calculate
Loan eligibility is the maximum loan amount a bank will approve based on your income, existing obligations, credit score, and loan type. The primary rule is FOIR (Fixed Obligation to Income Ratio) — most banks allow maximum 50% of your net income towards all EMIs combined.
📐 FOIR Formula
📊 Worked Example
Monthly Income ₹60,000 · Existing EMI ₹10,000 · CIBIL 750 · Home Loan 20yr @8.5%
🏦 Loan Type Comparison
| Loan Type | Typical Rate | Max Tenure | LTV | CIBIL Min |
|---|---|---|---|---|
| 🏠 Home Loan | 8.5–10% | 30 years | 75–90% | 650+ |
| 🚗 Car Loan | 8.75–10% | 7 years | 85% | 650+ |
| 💼 Personal Loan | 10–24% | 5 years | — | 700+ |
| 🥇 Gold Loan | 9–11% | 3 years | 75% | 0+ |
Frequently Asked Questions
What is a good FOIR for loan approval in India?
FOIR below 30%: Excellent — easily approved, best rates offered. FOIR 30–40%: Good — approved without issues at all major banks. FOIR 40–50%: Acceptable — usually approved, some banks may ask for co-applicant. FOIR 50–55%: Borderline — some banks reject, adding co-applicant helps. FOIR above 55%: High risk — most banks reject new loan applications. SBI follows 50% rule strictly; HDFC and ICICI may allow 55% for high-income borrowers.
Does credit card affect FOIR calculation?
Yes — credit card minimum dues count in FOIR. Minimum due = 5% of outstanding balance. Example: Credit card outstanding ₹50,000 → minimum due ₹2,500/month counts in FOIR. At ₹80,000 income this adds 3.1% to FOIR. Outstanding balance (not credit limit) is what matters. Tip: Clear credit card balance before applying for home or car loan — it removes this from FOIR calculation entirely.
How to reduce FOIR before applying for loan?
5 ways to reduce FOIR: (1) Close smallest existing EMI loan first — each closed loan directly reduces FOIR. (2) Clear credit card outstanding — removes minimum due from FOIR. (3) Add co-applicant — increases income denominator, reduces FOIR ratio. (4) Show additional income in ITR — freelance or rental income reduces effective FOIR. (5) Choose longer tenure for existing loans — reduces current EMI amount.
What is included in FOIR calculation?
INCLUDED in FOIR: Home loan EMI, car loan EMI, personal loan EMI, education loan EMI, two-wheeler loan EMI, credit card minimum due (5% of outstanding). NOT included: Rent paid (usually), groceries, utilities, insurance premiums, SIP investments. Important: Different banks may include or exclude rent paid — SBI and HDFC sometimes include rent for home loan FOIR calculation. Check individual bank policy.
Do all banks use the same FOIR limit?
No — FOIR limits vary by bank and borrower profile: Government employees: Many banks allow up to 60% FOIR due to job security. High income (₹2L+/month): Some banks allow 60–65% FOIR. Self-employed with strong ITR: NBFCs allow up to 65% FOIR. Young professionals (below 30): Some banks allow 55%, expecting income growth. Best practice: Apply when FOIR is below 45% — gives negotiating power for better rate.
📌 Key Takeaways — Loan Eligibility 2026
- ✅ Banks use FOIR rule: Total EMIs (existing + new) should not exceed 50% of net income
- ✅ CIBIL score 750+ gets best rates. Below 650 = mostly rejected by major banks
- ✅ Co-applicant income boosts eligibility — especially spouse for home loans
- ✅ Home Loan LTV: 90% for ≤₹30L, 80% for ₹30L–75L, 75% for above ₹75L (RBI norms)
- ✅ Prepay existing EMIs to increase eligibility before applying for new loan
- ✅ Home Loan max tenure: 30 years or till age 70, whichever comes first
- ✅ Gold Loan: 75% of gold value — no CIBIL check, instant disbursal
- ✅ Improving CIBIL from 700 to 750 can save 0.5–1% interest rate = ₹lakhs over tenure