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Renish Patel

Reviewer · Advocate and accountant · Rajkot, Gujarat

Renish Patel is an advocate and an accountant based in Rajkot, with 10 years of experience. He reads Gainly's articles and checks the rules and the numbers in them, with a close eye on tax, loans and retirement.

An article carries his name only when he has read and checked it himself.

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Articles reviewed by Renish Patel

SWP vs FD for Monthly Income: ₹50 Lakh Over 20 Years, After Tax An SWP saves tax only if you have other income. Here is the same ₹50 lakh in a monthly-interest FD and an SWP for 20 years, after tax, with the risk shown plainly. 29-10-2026 · 12 min read
Car Loan Kitna Milega? How Much Car Loan You Get on ₹30,000, ₹50,000 and ₹1 Lakh Salary Three salaries, ₹30,000, ₹50,000 and ₹1 lakh, and the car loan a bank actually sanctions on each: how the EMI-to-income rule and the loan-to-value rule work, the on-road price that fits, and what existing EMIs, a co-applicant and your CIBIL score do to the number. 28-10-2026 · 13 min read
₹30 Lakh Home Loan EMI for 10 to 30 Years: Salary Needed and Total Interest The ₹22,000 EMI on a ₹30 lakh loan sounds easy until you see ₹49 lakh of interest behind it. EMI, salary and interest for every tenure, and what ₹50,000 a year does. 27-10-2026 · 11 min read
How Much EMI Can I Afford? All Your EMIs on a ₹50,000 and ₹1 Lakh Salary Lenders let all your EMIs together reach 40% to 50% of take-home. Two worked budgets, on ₹50,000 and ₹1 lakh, show where the comfortable limit really sits once rent, an emergency fund and a SIP are paid. 26-10-2026 · 12 min read
₹10 Lakh Lumpsum: What It Becomes in 5, 10, 15 and 20 Years (Lumpsum Investment Calculator) One amount of ₹10 lakh, left alone at 7%, 10% and 12% for 5 to 20 years: the year-by-year path, when it doubles, what inflation and tax leave of it, and the three windfall mistakes. 25-10-2026 · 12 min read
Car Loan vs Personal Loan for a Used Car: ₹5 Lakh Over 4 Years, Total Cost Compared A used-car loan is usually cheaper than a personal loan, by ₹29,699 on ₹5 lakh over 4 years in our example. But valuation, the car's age and the bank's name on your RC can flip the answer. 24-10-2026 · 12 min read
Home Loan Tax Benefit in the New Regime vs Old: ₹50 Lakh Loan, Year by Year The old regime deducts ₹2 lakh of interest and ₹1.5 lakh of principal. The new regime deducts nothing on a house you live in. Worked out year by year on a ₹50 lakh loan for a Surat couple, with the break-even, joint loans and let-out flats. 23-10-2026 · 12 min read
Monthly Income from Mutual Funds: How Long ₹50 Lakh Lasts at ₹30,000 a Month (SWP) An SWP sells a few units every month and sends you the money. Here is how long ₹50 lakh lasts at ₹30,000 a month, and why a 6% yearly raise changes the answer. 22-10-2026 · 12 min read
No Cost EMI and EMI on Debit Card: What a ₹60,000 Phone Really Costs The seller pays the bank's interest, but the 18% GST on it, the processing fee and the instant discount you give up are yours. A ₹60,000 phone on 9-month no cost EMI, line by line, plus how EMI on debit card works. 21-10-2026 · 13 min read
Post Office FD Interest Rate vs Bank FD: ₹5 Lakh for 1, 3 and 5 Years The post office pays 7.5% on a 5-year deposit when SBI pays 6.05%. Here is what ₹5 lakh earns in each for 1, 3 and 5 years, why the post office's yearly payout eats a third of the gap, and the rules for tax saving, early exit and safety. 20-10-2026 · 13 min read
One Time Investment Plan: Where ₹5 Lakh Should Go for 10 Years A bonus, a matured FD or a sale leaves you with ₹5 lakh in one go. Here is what it becomes in 10 years in an FD, NSC, KVP, a single-premium plan and a mutual fund, after tax, with the lock-ins and the risks. 19-10-2026 · 13 min read
SIP of ₹5,000 for 20 Years: What It Becomes in 5, 10, 15, 20 and 25 Years ₹5,000 a month becomes ₹4.12 lakh in 5 years and ₹49.96 lakh in 20 at an assumed 12%. The full table for 10%, 12% and 14%, what ₹10,000 does, and what inflation and tax leave you with. 18-10-2026 · 11 min read