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Bank loans | 6 Months Ended
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Jun. 30, 2024
Debt Disclosure [Abstract] |
Bank loans | Note 12 – Bank loans Outstanding balances of bank loans consist of the following: Schedule of bank loans
Bank Name |  | Drawn/ Maturities |  | Interest Rate |  |  | Collateral/Guarantee |  | December 31, 2022 SGD |  |  | December 31, 2023 SGD |  |  | June 30, 2024 SGD |  |  | June 30, 2024 USD |
CIMB Bank Berhad, Singapore Branch |  | August 2020 /August 2023 |  |  | 3.00 | % |  | Guaranteed by Ms. Rhonda Wong, Chief Executive Officer and Director of the Company and Ms. Race Wong, Chief Operating Officer and Director of the Company |  |  | 23,005 |  |  |  | - |  |  |  | - |  |  |  | - |
DBS Bank Ltd. |  | June 2020 /June 2025 |  |  | 3.00 | % |  | Guaranteed by Ms. Rhonda Wong, Chief Executive Officer and Director of the Company and Anthill, major shareholder of the Company |  |  | 518,715 |  |  |  | 315,878 |  |  |  | 212,158 |  |  |  | 156,551 |
Maybank Singapore Limited |  | November 2020/November 2025 |  |  | 2.75 | % |  | Guaranteed by Ms. Rhonda Wong, Chief Executive Officer and Director of the Company and Ms. Race Wong, Chief Operating Officer and Director of the Company |  |  | 239,982 |  |  |  | 159,859 |  |  |  | 118,964 |  |  |  | 87,784 |
United Overseas Bank Limited |  | November 2020/November 2025 |  |  | 2.25 | % |  | Guaranteed by Mr. Kenneth Chong, Chief Executive Officer and Director of Ohmyhome Property Management Pte Ltd |  |  | - |  |  |  | 82,018 |  |  |  | 61,927 |  |  |  | 45,695 |
ORIX Leasing Singapore Limited |  | April 2024/April 2029 |  |  | 7.50 | % |  | Guaranteed by Ms. Rhonda Wong, Chief Executive Officer and Director of the Company and Ms. Race Wong, Chief Operating Officer and Director of the Company |  |  | - |  |  |  | - |  |  |  | 430,435 |  |  |  | 317,617 |
Total |  |  |  |  |  |  |  |  |  |  | 781,702 |  |  |  | 557,755 |  |  |  | 823,484 |  |  |  | 607,647 |
Bank loans, current portion |  |  |  |  |  |  |  |  |  |  | 305,965 |  |  |  | 331,528 |  |  |  | 344,835 |  |  |  | 254,453 |
Bank loans, non-current portion |  |  |  |  |  |  |  |  |  |  | 475,737 |  |  |  | 226,227 |  |  |  | 478,649 |  |  |  | 353,194 |
Interest expense for the years ended December 31, 2023 and for the six months ended June 30, 2024 amounted to S$19,105 and S$11,453 (US$8,451) respectively. The maturities schedule is as follows: Twelve months ending June 30, Schedule of maturities schedule long term debt
|  | SGD |  |  | USD |
2025 |  |  | 344,705 |  |  |  | 254,357 |
2026 |  |  | 69,406 |  |  |  | 51,215 |
2027 |  |  | 11,088 |  |  |  | 8182 |
2028 |  |  | 11,088 |  |  |  | 8182 |
2029 |  |  | 387,197 |  |  |  | 285,712 |
Total |  |  | 823,484 |  |  |  | 607,648 |

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