The so-called "secondary mortgage" is a way to mortgage the collateral that has been made and get a loan from a specific lender. The interest rate of the secondary mortgage bank is also implemented according to the commercial loan interest rate of the same grade stipulated by the People's Bank of China, and fluctuates on the basis of the benchmark interest rate of the central bank loan.

The benchmark interest rate of central bank loans is: the annual interest rate within one year (including one year) is 4.35%; The annual interest rate for one year to five years (including five years) is 4.75%; The annual interest rate for more than five years is 4.90%.

It should be noted that different banks have different degrees of floating. Moreover, banks in different regions are affected by local policies, market conditions and other factors, and the degree of floating is also different.

If you want to go to a commercial bank for a second mortgage, it is recommended to consult the staff first to find out the specific loan interest rate. However, the annual interest rate of the second mortgage of most commercial banks will be around 8% to 9%.