FOIR Meaning In English
FOIR translation, meaning, definition, explanation and examples of relevant words and pictures - you can read here.
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Meaning
FOIR full form is Fixed Obligation-to-Income Ratio. It is a financial measure used by lenders to determine a borrowers ability to repay a loan.
Example
This is the rate done by the lending or banking institution. This ratio tells you the ratio of EMI to your income. As Personal Loans are unsecured loans, lenders are cautious when evaluating your credit profile and history.
