Watch more in iWantv or TFC.tv

MANILA - Bangko Sentral ng Pilipinas Gov. Benjamin Diokno said Monday it is unlikely for banks to extend another loan reprieve following the mandatory one-time 60-day grace period under the Bayanihan 2 law.

The loan moratorium, which takes effect immediately and was extended to individuals and entities under the Bayanihan to Recover as One is likely the last, Diokno told ANC.

Diokno said the moratorium should apply to salary loans, housing loans and car loans, among others, which are payable today until the end of the year.

"It’s one-time, mandatory and non-extendable. We are expecting that there would be no further extension as far as the 60-day grace period is concerned," Diokno said.

• BSP tells banks, regulated firms: Comply with 60-day grace period on loans under Bayanihan 2
• Lawmakers, bankers agree on 60-day loan reprieve under Bayanihan 2: Angara

Diokno said the BSP proposed a 30-day grace period for loans but bankers and lawmakers agreed on 60-days calling it "manageable."

The BSP is also pushing for the passage of the Financial Institutions Strategic Transfer (FIST) bill which aims to help banks offload bad loans. The measure is just "anticipatory."

• Bangko Sentral backs FIST bill allowing banks to offload bad loans
• BSP says Philippine banks can withstand increase in bad loans caused by pandemic