The interest rate in Shanghai is different. Compared with institutions, banks have lower interest rates, slower payments and lower quotas, but they can operate as long as the real estate licenses are complete. The interest rate is 3-6%, and the amount is 6-80% of the appraised house price. The interest rate of mortgaged houses and shops is around 8%, and the small one is around 1. The specific interest rate will fluctuate according to the situation of the house and the borrower's repayment ability.