What is FOIR ? Let us start by understanding what FOIR is. The full form of FOIR is ‘Fixed obligations to income ratio. ’ It is the most commonly used parameter by lenders to determine the loan eligibility of an applicant. In simpler words, it is the debt-to-income ratio. Lenders analyse the financial history of potential loan borrowers in order to check whether they will be able to repay it or not. On average, FOIR should be between the range of 40% to 50%. Borrowers’ capacity to repay ... What is FOIR ? The full form of FOIR is Fixed Obligations to Income Ratio, also known as the debt-to-income ratio. It forms the most basic premise for lenders while assessing loan eligibility. Lenders use it to calculate whether applicants can repay the loan after considering their income and fixed monthly obligations such as taxes, provident funds, other loans, rent, etc. They closely examine the credit history, sources of income, assets and liabilities to gauge an individual’s financial ... FIR stands for the full form First Information Report, which is a written document that is prepared by the Police. This written document is made by them when they receive information about any cognizable offence. FIR is generally filed by the victim or some other person on behalf of the victim. When this FIR is being registered by the Police, the victim is required to sign a copy of the other person acting on behalf of the victim. Note: A police officer cannot deny recording an FIR as this ... A first information report (FIR) is a document prepared by police organisations in many South and Southeast Asian countries, including Myanmar, India, Bangladesh and Pakistan, when they receive information about the commission of a cognisable offence, or in Singapore when the police receive information about any criminal offence. It generally stems from a complaint lodged with the police by the victim of a cognisable offence or by someone on their behalf, but anyone can make such a report ...
