✓ 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:


Home Loan Amount

10 years


15 years


20 years


25 years


30 years


*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)
Rate of interest
Other EMIs (Monthly)
Home Loan Eligibility Calculator
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.

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