Loan Borrowers to avail another 60-day Loan Moratorium under Bayanihan 2

Loan Borrowers to avail another 60-day Loan Moratorium under Bayanihan 2

Loan Borrowers to avail another 60-day Loan Moratorium under Bayanihan 2

In the news, Employees with existing Loans to avail another 60-day Loan Moratorium under Bayanihan 2, know more below.

A 60-day loan moratorium is part of the Senate and House of Representatives bicameral committee-approved version of the Bayanihan 2 Recover As One bill.

The said moratorium in the bill covers all loans including insurance premiums, credit card, and other business loans, Senate Finance Committee chairman Sonny Angara told reporters.

Angara said the law takes effect immediately after Bayanihan 2 is enacted into law.

The Bayanihan 2 Recover as One, the second coronavirus response bill in the country, sets aside P140 billion and a standby appropriation of P25 billion if funds are available, said Angara.

The original House version of the Bayanihan 2 bill seeks the approval of a 365-day moratorium on loans.

Business groups argued it would further crash the economy that is already reeling from the effects of the pandemic.

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43 Comments on Loan Borrowers to avail another 60-day Loan Moratorium under Bayanihan 2

  1. Do this mean that all loan due date falling under the effectivity of this law, from September to Dec is entitled to a 60 day loan moratorium, do that mean no loan deduexction from signing date, of the president to December 2020?

  2. GSIS wala pa po kaminh narecieve na refund from the months of March and June.mga elem. teachers and other HS. teachers.nakuha na nila pero karamihan sa amin wala pa.

    • Kami nakakuha ng gsis refund for d mo of june dahil nag email kami sa kanila(gsis) after a couple of wks we were able to have it bcoz they will reply you at once ,,thanx

  3. 60days po ba yan start ng SEPTEMBER ?UNTIL OCT PO BA..GSIS at other PRIVATE? yun po bang ktulad dati..so buo ulit sahod namin…MARAMING SALAMAT PO..sen ANGARA

  4. Sana by choice nlng Yan paano nmn mga gurong ayw ng malubog sa utang pilit nilang binabaon. Once p nga lng nagbgay ng refund sa akin. month lng ng May na refund ko….Sana lng kasunod na rin GSIS ma investigate….hay…. Life….

  5. Sana by choice nlng Yan paano nmn mga gurong ayw ng malubog sa utang pilit nilang binabaon. Once p nga lng nagbgay ng refund sa akin. month lng ng May na refund ko….Sana lng kasunod na rin GSIS ma investigate….hay…. Life….

  6. A big thanks to the senate for havung this bayanihan act 2 ..This will be a bug help to people who have low income..thank u…

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