How much home loan can you get on a ₹40,000 salary in India?
These figures assume a ₹40,000 monthly take-home salary, no existing EMIs or major fixed expenses, and a 8.5% annual interest rate — the same assumptions banks use for a quick eligibility check. If you have existing loans or significant monthly expenses, your real, safe number will be lower. For a figure based on your actual finances, use the full Affordability Calculator instead — it takes seconds and nothing is saved.
Affordly's conservative recommendation
₹12,000/month
Up to ₹13,82,770 loan over 20 years, with a safety buffer kept aside for emergencies and rate changes.
What a bank might approve
₹16,000/month
Up to ₹18,43,693 loan over 20 years — this is the bank's maximum, with little to no safety margin left.
How loan amount changes with tenure
Affordly's recommended EMI of ₹12,000/month stays the same at every tenure — only how much loan it can service changes.
| Tenure | Recommended loan | Total interest |
|---|---|---|
| 15 years | ₹12,18,596 | ₹9,41,404 |
| 20 years | ₹13,82,770 | ₹14,97,230 |
| 25 years | ₹14,90,263 | ₹21,09,737 |
| 30 years | ₹15,60,644 | ₹27,59,356 |
Have existing EMIs, other income, or a down payment saved up? Get your real, personalized number instead.
Calculate your real numberFrequently asked questions
What if I already have existing EMIs or loans?
These numbers assume no existing EMIs and no major fixed monthly expenses, since we don't know yours. Existing EMIs reduce both the bank's FOIR ceiling and Affordly's conservative cap directly — use the full calculator to enter your real numbers and get an accurate figure.
Why does the loan amount change with tenure but the EMI doesn't?
The recommended EMI here is based only on your income — it's the monthly amount that's safe to commit regardless of how long you borrow for. A longer tenure spreads that same EMI over more months, so it can service a bigger loan (at the cost of more total interest paid). Neither number changes because your salary changes the tenure options — they're independent.