Home Loan on ₹40,000 Monthly Salary

Check how much home loan you can get on a ₹40,000 salary

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Salaried Employee

Business Owner

✓ Home Loan from ₹2 Lakhs to ₹15 Crores ✓ Interest Rates Starting @ 8.50% Check Eligibility

With a salary of ₹40,000, you may qualify for a home loan ranging between approximately ₹22 Lakhs to ₹29 Lakhs. This calculation is based on a change in tenure, ranging from 15 to 30 years. Meanwhile, the interest rate is fixed at 8.50% p.a. The following table will help you understand this in greater detail.

How Much Can You Borrow with a ₹40,000 Salary

Let’s say the interest rate is fixed at 8.50% p.a. Here’s how your loan amount can be affected because of a change in tenure based on your salary:

Tenure	Home Loan Amount
10 years	₹17,74,398
15 years	₹22,34,093
20 years	₹25,35,078
25 years	₹27,32,149
30 years	₹28,61,180

*Disclaimer: These values are an estimate calculated using a home loan eligibility calculator. The actual amount may differ as per your eligibility and the lender’s policies.

Check Your Home Loan Eligibility

Gross Income (Monthly)

₹

Tenure

Years

Rate of interest

%

Other EMIs (Monthly)

Home Loan Eligibility

Monthly EMI

Use this online tool to check the amount you may be eligible to borrow with a home loan. Enter information in the fields as requested to calculate. This calculator also gives you the option to enter your existing loan EMIs to get a more accurate estimate of the amount you can borrow. Also, consider checking the eligibility criteria for a home loan to ensure that you fulfil the set requirements, before applying for the loan.