He added that even during the moratorium, there was a mechanism for protecting citizens: authorized bodies could conduct unscheduled inspections upon receiving complaints about violations and promptly address the issues that arose.
On May 23, 2024, amendments were made to the law "On the Activities of Pawnshops" concerning the regulation of interest rates on loans. Every six months, the National Bank calculates the average nominal effective rate, to which 12% is added.
As of June 30, 2026, the average nominal rate was 17.17%, while the maximum rate established by law for all types of property reaches 29.99% per annum. These conditions apply to both small property, such as equipment and gold items, as well as larger assets, including cars.
“Pawnshops are classified into two types when licensing: those that deal with small property and those that accept large assets. Regardless of the type, the maximum rate remains the same — 30% per annum. In rural areas, it can be significantly lower, reaching about 2.5% per annum,” explained Suyorkul Ashimjan uulu.
