Freelancer EMI Affordability Calculator
As a freelancer with irregular income, planning for long-term loans like home or car EMIs is critical. Calculate how much loan you can safely afford based on your average monthly income.
EMI Affordability Calculator
The 40% Rule for Freelancers
Banks generally follow the "FOIR" (Fixed Obligation to Income Ratio) rule. For freelancers, it's safer to keep total monthly EMIs under 40% of your average post-tax monthly income due to income volatility.
Pro Tip: Build a 6-month EMI buffer in savings before taking major loans as a freelancer.
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