The State Bank of India (SBI) has collaborated with Uber to provide a customized vehicle loan product for Uber fleet partners in India. The initiative aims to offer affordable financing and streamline loan disbursement processes, thereby improving the operational efficiency of India’s ride-hailing industry. The partnership combines SBI’s financial network with Uber’s technological capabilities to empower both new and existing fleet partners. The collaboration is expected to fuel the growth of the ride-hailing sector, provide fleet owners with access to capital, and contribute to the development of India’s urban mobility ecosystem. The initiative will help address the challenges faced by Uber fleet partners, enabling them to maintain optimal fleet performance and grow their businesses. The partnership reflects SBI’s and Uber’s mutual commitment to supporting the growth of India’s ride-hailing industry.

Source: https://www.autocarpro.in/news/sbi-partners-with-uber-to-offer-tailored-loans-for-fleet-expansion-123642