Can I get a 0% interest loan?
Finding a personal loan with a true 0% interest rate is highly unlikely unless it is a very specific, time-bound promotional offer. Most personal loans are priced based on the borrower's risk, and lenders must charge interest to cover their operational costs and the risk of default. If you come across a 0% interest personal loan offer, it is often an introductory rate that expires after a short period—such as three to six months—after which a standard, often high, interest rate applies. Furthermore, such offers are typically reserved for individuals with excellent credit histories. Always investigate the "after-period" interest rates and verify if there are large origination or processing fees, as these can easily negate the benefit of the initial interest-free period.
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Affording a house on a $40,000 salary is possible, but it requires targeting markets where home prices are relatively low and having a very disciplined approach to savings.