Guwahati, March 12 -- Owning a home is a dream for many, but managing monthly EMI payments while maintaining savings can be challenging, especially with a salary of Rs 40,000. If you're wondering, "how much home loan can I get on Rs 40000 salary?" the answer depends on factors like your financial commitments, credit score, and loan tenure. However, with smart financial planning, you can strike a balance between paying EMIs and saving for the future. Here's how.

1. Assess Your Loan Eligibility and EMI Capacity

Before applying for a home loan, it's essential to understand your loan eligibility. Generally, banks and financial institutions allow EMIs to be around 50% of your monthly income. If you earn Rs 40,000 per month, your EMI should i...