Banking News

Download Application Form DDA Housing Scheme 2014

Download Application Form DDA Housing Scheme 2014 – dda.org.in the official website of Delhi Development Authority is crashed due to heavy traffic since morning. People are unable to get any details like DDA Housing Application Form, Scheme details etc about much awaited housing Scheme 2014. Those applicants who are unable to download the application form of […]

Loan Ratio Loans & Advances

How To Calculate Loan Installment to Income Ratio (IIR) ?

Installment to Income Ratio  is used to calculate the loan eligibility of the customer. This IIR  denotes the portion of the customer’s monthly installment on the Home Loan or any other loan taken. As a rule of thumb, the banks use 33.33 % to 40 % ratio. For Example: IIR is 40%, Gross Income is Rs. 60,000/- […]

Loan Ratio Loans & Advances

How To Calculate Fixed Obligation to Income Ratio (FOIR) ?

Fixed Obligation to Income Ratio formula is an important parameter in Loan calculation while maintaining Rating Chart. FOIR ratio includes all the fixed obligations that the customer is supposed to pay regularly on a monthly basis. The Fixed Obligations however, do not include statutory deductions from the salary like Provident Fund, Professional Tax and deductions […]