Debt-to-Income (DTI) Calculator — Check Your FOIR | Techovra
Debt-to-Income (DTI) Calculator
Check your debt-to-income ratio, and see how Indian lenders would read it as FOIR.
Calculate Your DTI / FOIR
Add up every EMI you pay today. Results update as you type.
Before a lender looks at your credit score, they look at this: how much of your income is already spoken for by debt you're currently repaying. This debt-to-income calculator gives you that number instantly and, more usefully, tells you where you land against the thresholds Indian lenders actually use to approve or reject applications.
The DTI formula
Total monthly debt payments means every EMI you're currently paying (home loan, car loan, personal loan, credit card minimum due) added together. Gross monthly income is your income before tax and deductions. That's all a DTI ratio calculator needs.
FOIR: the India-specific version of this number
Indian lenders rarely say "DTI" out loud. They call it FOIR, Fixed Obligation to Income Ratio, and it's the number that actually drives approval decisions here. The math is identical to DTI; only the name and the specific thresholds differ by lender. Any FOIR calculator is doing the same sum as the one above. Our guide on what FOIR means for loan eligibility explains why lenders weight it the way they do.
As a general guide: a DTI/FOIR under 20% is considered an excellent financial position. 20%-40% is the range most lenders treat as acceptable for a new loan. Above 40%, approval gets harder, and above 50% most lenders will decline outright. Some private banks cap new personal loan applications at exactly this line regardless of credit score. The exact ceiling varies by income band: several lenders allow up to 50% for borrowers earning under ₹50,000/month, up to 55% between ₹50,000 and ₹1,00,000, and up to 60%-65% above that, with SBI extending its own 65% ceiling to specific borrower categories.
A worked example
Say your gross monthly income is ₹80,000. You're currently paying ₹25,000 toward a home loan EMI and ₹8,000 toward a car loan EMI. This is the debt to income ratio India example the calculator opens with.
- Total monthly debt: ₹25,000 + ₹8,000 = ₹33,000.
- Run the formula: DTI = (33,000 ÷ 80,000) × 100 = 41.25%.
At 41.25%, you're past the comfortable 20%-40% range most lenders prefer, though still under the 50% hard line where most private banks decline outright. A new personal loan EMI calculator run at this DTI would likely still approve a smaller amount at a higher rate, and some lenders in this income band may decline it entirely. Run the calculator with your own numbers before applying, so you know which range you're walking into.
Why lenders care about this more than your credit score sometimes suggests
A high credit score tells a lender you've repaid debt reliably in the past. A high DTI tells them how much room you actually have left before a new EMI becomes unaffordable. Automated underwriting in India's digital lending space increasingly weighs FOIR as heavily as, and sometimes more heavily than, the credit score itself, which is why borrowers with strong scores still get rejected when their existing EMIs already eat up most of their income.
Frequently Asked Questions
Does DTI include rent or household expenses?
No. DTI/FOIR only counts formal debt obligations: loan EMIs and credit card minimum dues. Rent, utilities and general living expenses aren't part of the formula, though some lenders may ask about them separately during underwriting.
How can I lower my DTI before applying for a loan?
Pay down or close an existing loan, avoid taking on new EMIs before a major application, or add a co-applicant whose income raises the denominator. Paying off a high-interest debt like a credit card balance often has the biggest single impact, since it removes that EMI from the numerator entirely. Our debt payoff calculator shows how quickly each outstanding balance actually clears at your current payment level.
This shows you where your DTI falls against common lender thresholds. Actual approval depends on your specific lender's policy, your credit score and your complete financial profile.