This is a smart financial tool that instantly shows you: How much home loan you may be eligible for based on your salary and expenses, And whether that loan amount is financially safe and manageable for you. It not only calculates your EMI and FOIR Ratio, but also provides risk analysis and helpful suggestions, so […]
FOIR in Home Loan Calculation: – Have you ever applied to a bank for a home loan, and after looking at your salary, the bank says they can only grant you this much home loan? And sometimes, the loan is even rejected? Why does this happen? On what basis does the bank decide how […]
Friends, FOIR (Fixed Obligation to Income Ratio) is a very powerful tool in financial terms when it comes to home loans. But is the FOIR limit different for salaried and self-employed individuals? If yes, why? And how does it directly impact your home loan approval? Let’s understand this mystery in simple terms today. What […]
Difference between FOIR and DTI ratio: – Have you ever applied for a loan from a bank and the officer said, “Sir, your loan is too low. We can’t give you more.” Then another bank said, “Your DTI ratio is high, so the loan amount has been reduced.” Now you’re wondering— What exactly are FOIR […]
How much foir is Good: – Have you ever applied for a home loan at a bank and wondered, “All the documents are in order, yet why is the bank offering a lower loan amount or rejecting the loan?” Actually, the answer lies not in your CIBIL score, but in a small number called FOIR […]
Have you ever wondered why banks and finance companies grant home loans to some people immediately, while others are rejected despite having all the documentation? The real reason isn’t just your income or CIBIL score— but rather, there’s a hidden factor that every bank and finance company checks when granting a home loan— that’s FOIR […]