v3.26.1
Bank loans
12 Months Ended
Dec. 31, 2025
Bank Loans [Abstract]  
Bank loans

Note 12 – Bank loans

 

Outstanding balances of bank loans consist of the following:

 

Bank Name  Drawn/ Maturities  Interest Rate   Collateral/Guarantee  December 31,
2023
SGD
   December 31,
2024
SGD
   December 31,
2025
SGD
   December 31,
2025
USD
 
DBS Bank Ltd.  June 2020 /June 2025   3.00%  Guaranteed by Ms. Rhonda Wong, Co-Chief Executive Officer and Director of the Company and Anthill, major shareholder of the Company   315,878    106,875    -    - 
Maybank Singapore Limited  November 2020/November 2025   2.75%  Guaranteed by Ms. Rhonda Wong, Co-Chief Executive Officer and Director of the Company and Ms. Race Wong, Chief Operating Officer and Director of the Company   159,859    77,505    -    - 
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, Mr. Cho Ching Joe Kwan and Mr. Kok Wah Ming, former Directors of Ohmyhome Property Management (S)   82,018    43,439    3,867    3,008 
ORIX Leasing Singapore Limited  April 2024/April 2029   7.50%  Guaranteed by Ms. Rhonda Wong, Co-Chief Executive Officer and Director of the Company and Ms. Race Wong, Chief Operating Officer and Director of the Company   
-
    425,620    -    - 
Total              557,755    653,439    3,867    3,008 
Bank loans, current portion              331,528    238,521    3,867    3,008 
Bank loans, non-current portion              226,227    414,918    -    - 

Interest expense for the years ended December 31, 2023, 2024 and 2025 amounted to S$19,105, S$33,068 and S$15,677 (US$12,191) respectively.

 

The maturities schedule is as follows:

 

Twelve months ending December 31,

 

   SGD   USD 
         
2026   3,867    2,989 
Total   3,867    2,989