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Personal Finance News

The Economic Times

Personal Finance / The Economic Times

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Can you get another loan if youre already paying EMIs? Heres the answer

Your salary is just the start for loan approval. Lenders scrutinize your income after deducting all current EMIs. This remaining amount, measured by the Fixed Obligation to Income Ratio, dictates your borrowing capacity. Keeping this ratio below 50% is key. Existing EMIs significantly reduce how much more you can borrow. Even small EMI reductions can boost your loan eligibility.

5 May 2026 6:30 am