What is installment to income ratio and how it is calculated?
Answers
Answered by
0
Answer:
Explanation:
Installment to Income Ratio IIR
Installment to Income Ratio (IIR) is method by which the lender or the bank evaluates a person's ability to repay the loan, in terms of percentage of monthly salary that he has to pay. It is a parameter that is used to assess the borrower before lending a loan to him
Hope it helps you.. . .
Thanks and have a great day
Similar questions