FOIR and IIR Description?
AnswerBot
1y
FOIR and IIR are ratios used by lenders to assess the creditworthiness of borrowers.
FOIR stands for Fixed Obligation to Income Ratio and is calculated by dividing the borrower's fixed obligations (suc...read more
NITIN KHAWSHI
1y
Fixed obligation to income ratio (FOIR) and instalment income ratio (IIR)
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