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Meaning and Importance of Fixed Obligation to Income Ratio(FOIR)
The capacity of a creditor to repay a loan is the first and most important thing considered when applying for a loan. FOIR will help borrowers quickly gauge that a homebuyer should be able to afford the prospective loan's EMI for all of their expenses.

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Meaning and Importance of Fixed Obligation to Income Ratio(FOIR)

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