Akme Fintrade files IPO papers with Sebi | Aasaan Loans believes in assisting small businesses in growing by providing loans to those with potential and intent

FOIR is called fixed obligation to income ratio and is calculated as total fixed obligations an applicant has from all lenders divided by his monthly income. This helps to understand the applicant’s total indebtedness and whether he would be able to set aside a portion of his income to service new loan and at the same time save enough for his monthly expenses and savings