Report pawnshops charging more than 2% interest, says Ismail Sabri | The Malaysian Insight

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Report pawnshops charging more than 2% interest, says Ismail Sabri

People have been rushing pawnshops this week to either reclaim their valuables, pay interest or put up more items as collateral to see them through tough financial times triggered by the Covid-19 pandemic. – The Malaysian Insight file pic, May 6, 2020.

PEOPLE should file a complaint with the Housing and Local Government Ministry if pawnshops charge them interest exceeding 2%, said Ismail Sabri Yaakob today. The senior minister was commenting on the crowds at such businesses since Monday, when the conditional movement-control order came into force, allowing most economic sectors to resume operations.

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