Loan Policy
For Credit/Product team to see FOIR rules and loan eligibility
Current FOIR (Fixed Obligation to Income Ratio) Table
Loan eligibility based on salary ranges
| Salary Range | Loan Rate | Example Salary | Example Loan Amount |
|---|---|---|---|
| ₹25K – ₹30K | 30% | ₹28K | ₹8,400 |
| ₹30K+ – ₹50K | 35% | ₹40K | ₹14,000 |
| ₹50K+ – ₹51K | 50% | ₹50.5K | ₹25,300 |
| ₹51K+ – ₹1L | 55% | ₹75K | ₹41,300 |
Current Policy Status
Currently using fixed FOIR. Statistical model coming soon.
Policy Version History
Track changes to loan policy over time
| Version | Updated On | Updated By |
|---|---|---|
| v2.1 | 1/15/2024 | Priya Sharma (Product) |
| v2.0 | 12/1/2023 | Rajesh Kumar (Credit) |
| v1.5 | 10/15/2023 | Amit Patel (Risk) |