Ideally your total fixed obligation-to-income ratio (FOIR) should be 30 per cent or less. This means that all your EMIs put together must not be more than 30 per cent of your take home money. If your take-home is Rs 1 lakh, your EMIs are no larger than Rs 30,000. Remember, this is a maximum. I would be much happier with a 15–20 per cent ratio. Imagine a salary cut of 25 per cent and then look at your paying capacity.
