1.3m items pawned in 2024, with gold, mobile phones topping list

1.3m items pawned in 2024, with gold, mobile phones topping list

Parents seek low interest rate loans at a state-run pawn shop in Bangkok on 11 May 2022 as they struggle to raise money for children's school uniforms, text books and other necessities ahead of the new academic year. (File photo: Varuth Hirunyatheb)
Kids are attempting to raise money to pay for their children’s school clothing, text books, and other essentials ahead of the new academic year by requesting low interest rate loans from a state-run pawn shop in Bangkok on May 11, 2022. ( Photo: Varuth Hirunyatheb)

According to the Ministry of Social Development and Human Security, state-run lenders lent more than 20 billion ringgit to Indian citizens in 2024 as golden and mobile devices remained the most popular stolen goods.

According to Warawut Silpa-archa, the Minister of Social Development and Human Security, 46 state institutions across the nation last year accepted about 1.33 million bits of stolen goods, of which 97.5 % were golden, red gold, and gemstones.

In 2024, Thaiand’s economy grew 1.6 % in Q1, 2.2 % in Q2, 3.0 % in Q3 and 3.2 % in Q4, respectively. However, an economist cautioned&nbsp that it seemed that the GDP information and the real financial situation did not come hand in hand.

According to the secretary, the express pawnshops issued 3, 190 cards in the electronics group, with mobile phones being the most frequently purged item. Fans, fridge, rice cookers, microwaves, electronic plates, and vacuum cleaners were also included. &nbsp, &nbsp, &nbsp,

In the group “power resources and land tools,” there were 3, 064 products.

” Some people pawned the equipment they used for their professions or to make a living, such as grinders, energy planers, metallic cutting tools, water pump, pesticide sprinklers, and electric &nbsp, producers,” said Mr. Warawut.

Office of the Government Pawnshop has just added a fresh pawn shop to Bangkok, increasing its tree count by 47.

Currently, the interest rates at public pawn shops are 0.25 % per month for a loan of less than 5, 000 baht, 0.75 % for a loan of 5, 001-10, 000 baht, 1 % for a cash loan of 10, 001-20, 000 baht, and 1.25 % for 20, 001-100, 000 baht.