How Much Home Loan Can You Get on a ₹40,000 or ₹50,000 Salary in Ahmedabad? (2026 Guide)


Ahmedabad’s real estate market is growing rapidly. With thriving infrastructure, excellent connectivity, and a high quality of life, the city is an attractive destination for homebuyers. However, if you are planning to transition from renting to owning, the most critical question you will face is: How much home loan can I get on my salary?
Whether you are looking to secure a home loan on 40000 salary or planning your budget around a ₹50,000 salary, understanding your housing loan eligibility is the first step toward your dream home.
In this comprehensive guide, we will break down how banks calculate your loan eligibility based on salary, what size flat you can afford in Ahmedabad, and how you can maximize your approval rates.
Understanding Your Home Loan Eligibility: The Basics
When you apply for a housing finance loan, financial institutions evaluate your repayment capacity rather than just your gross income. Your home loan eligibility is primarily determined by a key matrix called the Fixed Obligation to Income Ratio (FOIR).
What is FOIR?
Lenders assume that a person needs at least $50\%$ to $60\%$ of their monthly income for personal expenses, savings, and taxes. Therefore, they limit your maximum home loan EMI to around $40\%$ to $50\%$ of your net monthly take-home salary.
If your monthly salary is ₹40,000, your maximum allowable monthly EMI will generally be capped at around ₹16,000 to ₹20,000.
If your monthly salary is ₹50,000, your maximum allowable monthly EMI will be capped at around ₹20,000 to ₹25,000.
To get a precise estimate tailored to your current savings and debts, you should use an online home loan eligibility calculator or a home loan calculator before visiting a bank.
How Much Home Loan Amount Can I Get on a ₹40,000 Salary?
Let’s answer the common question: how much home loan can I get on 40000 salary?
Assuming you have no other ongoing liabilities (like car loans or credit card EMIs) and a healthy credit score of over $750$, here is a realistic breakdown of your home loan eligibility on 40000 salary.
Case Study: Calculating Home Loan Amount for 40000 Salary
Net Monthly Take-Home Income: ₹40,000
FOIR Cap ($50\%$): ₹20,000 (Maximum EMI capacity)
Assumed Home Loan Interest Rates: $8.5\%$ to $9.0\%$ per annum
Loan Tenure: 20 Years
Assumed Interest Rate
Max Monthly EMI
Tenure
Approximate Loan Amount
$8.5\%$
₹20,000
20 Years
₹23,000,000 (₹23 Lakhs)
$9.0\%$
₹20,000
20 Years
₹22,200,000 (₹22.2 Lakhs)

Using a standard home loan eligibility calculator, a net salary of ₹40,000 can comfortably fetch you a home loan amount for 40000 salary of approximately ₹22 Lakhs to ₹23 Lakhs. If you stretch your tenure to 30 years, this amount can increase to nearly ₹25 Lakhs to ₹26 Lakhs, subject to age criteria and lender policies.
What Can You Buy in Ahmedabad on a ₹40,000 Salary?
With a loan eligibility of around ₹23 Lakhs, you can easily look at various residential configurations in Ahmedabad's emerging suburbs (like Gota, New Ranip, Nikol, or Vastral).
1. Home Loan for 2 BHK on 40000 Salary
A budget-friendly 2 BHK flat in Ahmedabad's developing pockets ranges between ₹30 Lakhs and ₹40 Lakhs.
How it works: If you buy a 2 BHK priced at ₹32 Lakhs, you will need a downpayment of ₹9 Lakhs (representing $20\%$ downpayment plus registration and taxes). The remaining ₹23 Lakhs can be funded easily through your home loan on salary.
2. Home Loan for Ready-to-Move Flat on 40000 Salary
Opting for a home loan for ready-to-move flat 40000 salary is a highly popular option. Ready-to-move properties help you save on double expenses (paying rent and EMI simultaneously). Lenders are often highly willing to fund ready-to-move flats because the project risk is zero.
3. Home Loan for 3 BHK on 40000 Salary in Ahmedabad
Is it possible to secure a home loan for 3 BHK on 40000 salary in Ahmedabad?
The Reality: Standard 3 BHK apartments in Ahmedabad generally cost upwards of ₹55 Lakhs to ₹75 Lakhs.
The Solution: A home loan of ₹23 Lakhs will not cover the cost of a 3 BHK directly. However, you can make it possible by:
Adding a co-applicant (spouse, parents) to increase the overall salary required for home loan eligibility.
Providing a higher upfront down payment (e.g., ₹30 Lakhs to ₹45 Lakhs from personal savings or ancestral property sale).
How Much Home Loan Can You Get on a ₹50,000 Salary?
If your take-home pay is ₹50,000 per month, your purchasing power increases significantly.
Net Monthly Take-Home Income: ₹50,000
FOIR Cap ($50\%$): ₹25,000 (Maximum EMI capacity)
Assumed Home Loan Interest Rates: $8.5\%$ per annum
Loan Tenure: 20 Years
Under these metrics, your maximum home loan eligibility jumps to approximately ₹28.8 Lakhs (nearly ₹29 Lakhs). With a ₹29 Lakh loan and a solid down payment of ₹7 Lakhs to ₹10 Lakhs, you can comfortably target properties in the range of ₹35 Lakhs to ₹40 Lakhs across major residential areas in Ahmedabad.
Essential Checklist Before Buying a Property in Gujarat
While calculating your property loan eligibility, remember to factor in additional government compliance costs and city-specific rules.
Look for RERA Compliance: Always target a home loan for RERA-approved project Gujarat. Banks process loans faster, offer better home loan interest rates, and have lower processing fees for RERA-registered developments.
Verify local Jantri Rates: The Gujarat government uses Jantri rates to evaluate the minimum registration value of properties. Knowing these helps you calculate your tax structure easily. For deep insights, read our complete guide on the latest Jantri Rate in Ahmedabad.
Account for Recurring Taxes: Owning a property comes with statutory costs. Make sure you understand your annual outlays by checking our guide on Ahmedabad Property Tax 2026.
4 Pro Tips to Increase Your Home Loan Eligibility
If your income is around ₹40,000 or ₹50,000 and you need a larger loan amount, follow these strategies:
Add a Co-Borrower: Apply jointly with a working spouse or family member. Combining two salaries significantly lowers the overall salary required for home loan approvals.
Extend the Loan Tenure: Opting for a 25 or 30-year tenure reduces your monthly EMI, making you eligible for a larger principal loan amount under the same salary.
Clear Existing Debts: Before applying for a housing loan, pay off credit card balances and personal loans. This frees up your FOIR percentage, allowing the lender to assign a higher loan limit to you.
Maintain a Good Credit Score ($>750$): A premium credit history helps you negotiate lower home loan interest rates, saving you lakhs over the life of the loan.
Find Your Dream Home in Ahmedabad with Savitar Realty!
Navigating the financial landscape of property buying can feel overwhelming. At Savitar Realty, we assist you not only in finding the perfect property in Ahmedabad’s premier localities but also in securing hassle-free housing finance options through our trusted banking partners.
Whether you are looking for an affordable 1 BHK, a spacious 2 BHK, or a premium family home, our experts are here to guide you every step of the way.
Explore our properties and start your homeownership journey today at Savitar Realty.