Delhi Delhi. State Bank of India has launched a customized vehicle loan product exclusively designed for Uber's fleet partners. This loan enables Uber Fleet Partners to avail low-cost, customized financing solutions as well as hassle-free loan disbursement. The strategic partnership between the two entities will leverage SBI's extensive financial services network and Uber's technology to ensure that fleet partners effectively expand their fleets and scale their operations. This collaboration aims to contribute to the ongoing growth of India's ride-hailing industry.
Through this collaboration, SBI has created a customized car loan product exclusively designed for Uber's fleet partners. This collaboration aims to provide support to both new and existing Uber Fleet Partners, helping them easily scale their businesses and contribute to the ongoing growth of India's ride-hailing industry. The integration will enable hassle-free loan disbursement, helping the fleet maintain optimal performance. By leveraging Uber's technology and SBI's extensive financial services network, the collaboration ensures that fleet partners can manage their finances efficiently and grow their businesses faster.
Vinay M Tonnes, MD (Retail Business & Operations), SBI, reiterated that “At SBI, we are committed to offering innovative financial products that support businesses across India. Our partnership with Uber highlights our focus on providing tailored solutions to a diverse group of customers. “By providing affordable financing solutions to Uber fleet partners, we are helping fuel the growth of the ridesharing sector, while also ensuring fleet owners have access to the capital they need to succeed.” Commenting on the partnership, Prabhjit Singh, President, Uber India and South Asia, said, “This partnership strengthens Uber's commitment to its fleet partners and is in line with our vision to drive growth in India's ride sharing ecosystem . “By providing affordable loans through SBI’s customized offerings, we aim to create an enabling environment that provides fleet partners with the necessary tools to scale effectively and contribute to the overall growth of the industry.”
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