Suyorkul Ashimzhan uulu emphasized that even under the moratorium, there were mechanisms to protect citizens. In case of complaints about violations, authorized bodies had the opportunity to conduct unscheduled inspections to address specific issues.
As of May 23, 2024, amendments were made to the law "On the Activities of Pawnshops," which regulate 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 allowable rate for all types of property reaches 29.99% per annum. This applies to both small items, such as electronics and gold products, as well as larger assets, such as cars.
"Pawnshops are classified into two types depending on whether they deal with small or large property. However, the maximum rate remains the same — 30% per annum. In rural areas, rates can be significantly lower — around 2.5% per annum," added Suyorkul Ashimzhan uulu.
