Ola has announced its Ola Pragati initiative and has partnered with SBI to offer car loans to drivers.
As a part of this scheme, SBI will offer Ola drivers loans that they can pay everyday instead of EMI, and lower down payment of 10 per cent, company officials said.
Further, Pranay Jivrajika, Vice-President of operations at Ola, said loan approvals will be cleared in 24 hours.