How Much Home Loan Can I Get on a ₹40,000 Salary?

The amount of home loan you can get on a ₹40,000 salary depends on factors like your EMI capacity, loan tenure, interest rates, and existing obligations. Generally, lenders allow 40-50% of your monthly income for EMIs, meaning you may afford a monthly EMI of ₹16,000 to ₹20,000. Based on a typical interest rate of 8% and a tenure of 20-25 years, your loan eligibility could range between ₹20 to ₹30 lakhs. Your credit score and any current financial commitments may further influence the amount. For precise calculations, consulting with a lender or using a home loan calculator is recommended.