You can use the home improvement loan amount at your convenience. However, make sure you stay on your repayment schedule to avoid any penal interest. Tata Capital’s loan offers a flexible tenure. You can choose the loan amount, tenure and EMI options that suit you best.You can also take advantage of a personal loan EMI calculator to help you plan this. All you have to do is enter the loan amount, loan duration and interest rate. The calculator will then calculate your monthly EMI, total amount payable and total interest payable.