Uber offers vehicle financing schemes for partner drivers

Taxi-hailing app Uber has introduced Uber Vehicle Financing Program to provide loans to its partner drivers. The company has entered into partnerships with lending firms like Shriram Transport

Finance, AU Financiers and Toyota Financial Services  to create finance schemes with low down payments (as low as INR 60,000), superior finance rates and faster turn-around time, exclusive to Uber. Additionally, discounts have been worked out with car manufactures such as Mahindra, Maruti Suzuki, Tata Motors and Toyota on purchase of cars.

With the development, India has now become the first country in Asia and second country outside the US where Uber is offering vehicle financing for partner drivers. The company claims that with vehicle financing, it aims to create more entrepreneurs in every section of society. It will enable drivers to associate directly with Uber.

Those interested in availing of the vehicle finance scheme, have to register on partners.uber.com or contact the local Uber city team.