If you earn a ₹40,000 salary, determining how much home loan you can get depends on various factors like income, loan tenure, credit score, and existing debts. Typically, banks approve loans up to 40-50% of your monthly income. Based on a 40% EMI calculation, you might qualify for loans ranging from ₹20-32 lakhs, depending on the loan term (10-20 years). Additionally, your down payment, employer, and financial obligations also influence your eligibility. https://www.mymudra.com/blog/how-much-home-loan-can-i-get-on-a-40000-salary