subject: Things to Keep in Mind Before Buying a Home [print this page] FOIR: FOIR is Fixed Income Obligation RatioFOIR: FOIR is Fixed Income Obligation Ratio. It is used to calculate youreligibility in terms of the EMI, in which the housing finance institution takesinto account all the fixed obligations that you pay every month like of all theloans previously availed before you take your Home Loan and arrive upon themaximum EMI that you can pay. The loan amount you get is derived on thebasis of the EMI that you can pay. It is usually expressed as a percentage.
