He noted that since 2018, a moratorium on checks of entrepreneurs has been in effect, which was implemented to support small and medium-sized businesses, including pawnshops.
“Even under the moratorium, there is a protective mechanism for citizens: if complaints about violations are received, the relevant authorities have the right to conduct unscheduled inspections and address specific issues,” he explained.
As of May 23, 2024, amendments have been made to the law "On the Activities of Pawnshops" concerning interest rates on loans. Every six months, the National Bank calculates the average nominal effective rate and adds 12% to it.
As of June 30, 2026, the average nominal rate was 17.17%, while the maximum allowable rate by law for all types of property reaches 29.99% per annum. This rule applies to both small assets, such as equipment and gold items, and large objects, including cars.
“Pawnshops are classified into two types depending on the type of property they work with: small or large. However, the maximum rate for both categories is the same — 30% per annum. In rural areas, rates can be significantly lower — around 2.5% per annum,” added Süyörkul Ashimjan uulu.
