State Bank of India (SBI), the countys largest bank and mortgage lender, will support CREDAI as their national banking partner and provide loans at concessional interest rate towards construction finance.

SBI and CREDAI have signed a memorandum of understanding (MoU) to collaborate and work towards the development of the real estate sector, specifically through the affordable housing and green housing projects. The duration of the agreement is for a period of three years.

SBI offers a wide range of services in the Personal Banking, Agriculture/Rural, NRI services, SME and Corporate Banking etc.