Check your Fixed Obligations to Income Ratio — the formula banks use to decide how much personal loan you can get.
Use your in-hand salary if unsure. Gross income gives a more accurate picture.
Include all running EMIs. Leave blank if none.
Usually 5% of outstanding balance
Two-wheeler loan, education loan, etc.
How much you want to borrow
Most banks will approve easily. You can negotiate for better rates.
Based on 36-month tenure at 11% p.a. Actual eligibility also depends on CIBIL score and employer category.
| Bank / NBFC | Max FOIR | Starting Rate | Your Status |
|---|---|---|---|
| SBI | 50% | 11.45% | ✓ Eligible |
| HDFC Bank | 55% | 10.85% | ✓ Eligible |
| ICICI Bank | 55% | 10.85% | ✓ Eligible |
| Axis Bank | 50% | 11.25% | ✓ Eligible |
| Kotak Mahindra | 50% | 10.99% | ✓ Eligible |
| IndusInd Bank | 55% | 10.49% | ✓ Eligible |
| Yes Bank | 50% | 10.99% | ✓ Eligible |
| Bajaj Finance | 60% | 11.00% | ✓ Eligible |
| Unity Small Finance | 55% | 15.5% | ✓ Eligible |
| Poonawalla Fincorp | 60% | 9.99% | ✓ Eligible |
Based on your FOIR of 21.8% after the new loan. Approval also depends on CIBIL score, income stability, and employment type.
FOIR (Fixed Obligations to Income Ratio) is the percentage of your monthly income that goes towards repaying all existing and proposed loan EMIs. It is one of the primary criteria Indian banks use to evaluate personal loan applications.
Unlike CIBIL score which shows your credit history, FOIR tells the bank whether you have enough disposable income to handle a new EMI without financial stress.
Most banks in India consider a FOIR below 40% as excellent and below 50% as acceptable. SBI and Axis Bank typically cap at 50%, while HDFC, ICICI, and NBFCs like Bajaj Finance may allow up to 55–60% for high-income customers.
Indirectly yes. A lower FOIR combined with a high CIBIL score gives you better negotiating power for a lower rate. Lenders see you as less risky. Some banks offer 0.25–0.50% lower rates to applicants with strong FOIR.
Most banks use gross income (before tax deductions). However, some banks use net take-home income. Always check with the specific lender. Using gross income generally results in higher loan eligibility.
Yes. Adding a co-applicant (usually a spouse or parent with income) combines both incomes in the FOIR calculation. This can dramatically increase your loan eligibility. Both applicants' EMIs are counted too.
Generally no. Rent is not counted as a fixed obligation in FOIR calculations because it is not a loan repayment. Only loan EMIs and credit card minimum payments are included.
You can try NBFCs or digital lenders like Unity Small Finance or Poonawalla who are more flexible. Alternatively, close one small loan first, wait 1–2 months for your credit profile to update, then apply with a better FOIR.
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