Pawnshops issue loans worth ₽190 billion in 2025 H1
This year, individuals tend to use pawnshop loans more extensively. Due to the inflow of new customers, the number of borrowers was up by 12% over the first six months. Repeat customers also applied for pawnshop loans more frequently: the number of outstanding loans per borrower was up from 1.8 to 2 agreements over six months.
After the moratorium on the use of the effective interest rate (EIR) for a consumer loan (microloan) expired, interest rates on pawnshop loans declined in 2025 Q2. The EIR of about 75% of new microloans did not exceed 100% per annum. The moderate interest rate allows customers to repay their loans themselves and have their pawned items back. A third of these loans are repaid early, a quarter of them – when due, and only 15% of them are settled through the sale of the collateral.
Pawnshops continue to monitor the quality of their customer bases and collateral portfolios. They refuse to issue loans if they suspect that the customer does not own the collateral, if they have doubts about the authenticity of the collateral item, or if the customer does not have required documents.
More details are available in the publication Pawnshop Market Trends in 2025 H1.