We consider the K-interpolation methods involving slowly varying functions. Let AâŸÎž,âL and AâŸÎž,âR (0â€Îžâ€1) be the so-called L or R limiting interpolation spaces which arise naturally in reiteration formulae for the limiting cases. We characterize the interpolation spaces (X,Y)Ξ,r,a (0â€Îžâ€1), where X=AâŸÎž0,âL or X=AâŸÎž0,âR and Y=AâŸÎž1,âL or Y=AâŸÎž1,âR, provided that 0â€Îž0<Ξ1â€1 and at least one of the parameters Ξ0 or Ξ1 has the limiting value Ξ0=0 or Ξ1=1. This supplements the first part of the paper, where one of the operands is standard interpolation spaces involving slowly varying functions. The proofs of most reiteration theorems are based on Holmstedt-type formulae. Applications to grand and small Lorentz spaces are given.