EMI on a ₹40,000 Salary
How much loan can you get on a ₹40,000 salary?
Indian lenders use the FOIR rule (Fixed Obligation to Income Ratio): your total monthly EMIs should not exceed about 40% of your take-home income. On a ₹40,000 monthly salary that means a safe EMI of around ₹16,000 — which supports a home loan of roughly ₹18.44 L (at 8.5% for 20 years) or a personal loan of about ₹6.88 L (at 14% for 5 years).
Your real eligibility moves with your interest rate, tenure, credit score and any EMIs you already pay. Use the calculator above to enter your exact numbers — it updates instantly.
How much home loan can I get on a ₹40,000 salary?
On a ₹40,000 monthly income your safe EMI is about ₹16,000 (40% of income), which supports a home loan of roughly ₹18.44 L at 8.5% over 20 years. Your actual eligibility depends on your credit score, existing EMIs and the lender.
How much personal loan can I get on a ₹40,000 salary?
At the same ₹16,000 safe EMI, a personal loan (around 14% for 5 years) works out to about ₹6.88 L. Personal loans are shorter and costlier, so the eligible amount is smaller than a home loan.
What is the 40% rule (FOIR)?
Lenders cap your total monthly EMIs at roughly 40% of your take-home income — this is called FOIR (Fixed Obligation to Income Ratio). If you already pay other EMIs, enter them in the calculator above and your eligibility drops accordingly.