The invention relates to a built-in loop antenna of a mobile phone with reconfigurable short circuit point, which belongs to the field of antenna design. The built-in loop antenna comprises a metal conductor part, a first PIN (Positive Intrinsic Negative) diode, and a second PIN diode; the metal conductor part includes a folded loop antenna body, a frequency adjusting metal sheet, a feed branch, a first short circuit branch and a second short circuit branch; the two short circuit branches are grounded through corresponding PIN diodes, so that when the PIN diodes are conducted, the short circuit branches are connected with the ground, and when the PIN diodes are disconnected, the short circuit branches are not connected with the ground; the antenna works in two modes of different frequencies when the two short circuit branches are grounded respectively; and in combination with the two different working modes, the antenna can cover multiple frequency bands. The built-in loop antenna has the advantages of miniaturization, broadband, multiple frequency bands and easy integration, and is suitable for design of the built-in antennas of various small mobile terminals such as mobile phones.