The State Bank of India (SBI) has introduced a specialised vehicle loan product for Uber fleet partners, offering customised, low-cost financing options and seamless loan disbursement. This collaboration between India’s largest bank and the ride-hailing giant aims to empower fleet partners by enabling efficient business expansion and contributing to the growth of India’s ride-hailing ecosystem.
Through this partnership SBI leverages its extensive financial network alongside Uber’s technology to streamline loan processes and enhance financial accessibility for fleet owners. The initiative is designed to support both new and existing Uber fleet partners, helping them scale their operations with ease. By providing tailored loans, the partnership addresses the capital requirements of fleet operators, ensuring operational continuity and growth.
Vinay M Tonse, Managing Director of Retail Business and Operations at SBI, highlighted that this partnership reflects SBI’s focus on delivering tailored solutions to diverse customer segments while fostering growth in the ridesharing sector. Prabhjeet Singh, President of Uber India and South Asia, noted that the collaboration underscores Uber’s dedication to its fleet partners.
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