Key Features:

Unsecured Loan: Unlike secured loans like mortgages or car loans, a personal loan for students doesn't require you to pledge any assets as collateral. 
Flexible Usage: While some loans are specifically for education, personal loans offer more flexibility in how the funds can be used, according to Shriram Finance. 
Immediate Repayment: Unlike education loans, personal loans usually require immediate repayment, says Shriram Finance. 

Benefits:

Flexibility to use the money as you need: Personal loans come with no end-use restrictions, and hence, you can use this financial lifeline to manage multiple expenses. These could include renovating your house, consolidating multiple debts, funding your education or that of your children, covering wedding costs, and even financing trips. The freedom to use the funds the way you prefer means you can plan your finances more effectively and meet different needs with a single loan product.
Attractive interest rates: Lower interest rates mean affordable EMIs, and you can repay your loan comfortably without straining your budget.