BAI Cabo Verde review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

BAI Cabo Verde is a direct lender in Cabo Verde, so borrowers get the bank's own pricing without a broker in the middle. It suits people who want personal, secured, car and business credit from the same balance sheet, and personal loans of CVE 500,000 repayable over 60 suit a longer horizon.

Key facts

Best for
One Cabo Verde bank for a personal loan, a car loan or a home purchase mortgage.
APR
13.94% (Source, checked September 26, 2026)
Loan amount
CVE 500,000 (Source, checked September 26, 2026)
Term
60 months (Source, checked September 26, 2026)
Credit check
Hard (Source, checked September 26, 2026)
Representative example
Credito Pessoal de CVE 500.000,00, TAN 12,00%, TAEG 13,94%, prazo 60 meses (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Loan types
Personal, Secured, Car, Business (Source, checked September 26, 2026)
Legal entity
Banco BAI Cabo Verde, S.A. (Source, checked September 26, 2026)
Headquarters
Cabo Verde (Source, checked September 26, 2026)
Founded
2008 (Source, checked September 26, 2026)
Support channels
Chat, Phone, Help-centre (Source, checked September 26, 2026)
Official website
bancobai.cv

Mortgages

Initial rate
9% (Source, checked September 26, 2026)
APRC
9.87% (Source, checked September 26, 2026)
Fixed period
5 years (Source, checked September 26, 2026)
Maximum loan to value
90% (Source, checked September 26, 2026)
Purpose
Purchase (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Legal entity
Banco BAI Cabo Verde, S.A. (Source, checked September 26, 2026)
Headquarters
Cabo Verde (Source, checked September 26, 2026)
Founded
2008 (Source, checked September 26, 2026)
Support channels
Chat, Phone, Help-centre (Source, checked September 26, 2026)

Apps and profiles

Elsewhere
LinkedInfacebook.cominstagram.comyoutube.com

Pros and cons

Pros

  • personal, secured and car covers personal, secured, car and business credit, so a personal loan and a car loan come from the same lender
  • A maximum loan to value of 90% on home purchase mortgages, level with the site median of 90%
  • A term of 60 spreads a personal loan over a longer window than most compared lenders
  • Support runs on chat, phone and help centre, with phone and chat alongside a help centre

Cons

  • 13.94% on personal loans sits above the site median of 12%
  • 9% as the opening rate on a home purchase is high beside the site median of 4.35%
  • The credit check is hard (hard), so a thin file has less room to be approved
BAI Cabo Verde

Ready to try BAI Cabo Verde?

Scored 9.0 / 10 by BorrowCue.

See alternatives

Who it suits

  • Borrowers in Cabo Verde who would rather deal with a bank than a broker
  • Home buyers who can fund the deposit, since lending runs to a maximum loan to value of 90%
  • People after a longer personal loan term, with 60 available

Who should look elsewhere

  • Anyone chasing the lowest personal loan rate, since Monzo Flex quotes 10% to 23%
  • Borrowers wanting a free loan, which Cashspace ES lists at 0%
  • Shoppers who want a wide rate band to choose from, as Cashspace quotes PHP 12 to PHP 36

Where it sits among rivals

On cost ranking the lender sits 202 of 350 brands, which places its personal loan rate in the middle of the field. Term length is the stronger result, at 57 of 232, so the repayment window is the point that stands against rivals rather than the headline rate.

Safety and regulation

BAI Cabo Verde is a direct lender, so direct lender means the bank underwrites the loan itself rather than passing the application to a panel. Banco de Cabo Verde is the supervisor. The published representative example shows the nominal annual rate and the effective annual cost side by side over the full term, so the borrowing cost in local currency can be checked before applying.

How BAI Cabo Verde compares

Where BAI Cabo Verde is available

Available
Cabo Verde
Licence in Cabo Verde
Banco de Cabo Verde, checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What rate do personal loans run at?+

BAI Cabo Verde lists 13.94% as the annual percentage rate on personal credit, and the bank underwrites directly, so that rate comes from its own pricing rather than a broker's panel. The median across lenders compared here is 12%, which puts this offer above the middle of the field.

How much can I borrow, and over what term?+

Personal loans run to CVE 500,000 in local currency, repayable over 60. The same lender also writes secured, car and business credit, so a borrower who starts with a personal loan can return to the bank for a vehicle or shop loan rather than moving to a new provider.

What does a home purchase mortgage cost?+

Home purchase lending is priced at 9.87%, with an opening rate of 9% held for 5 and a maximum loan to value of 90%. The stated purpose is purchase, so the product is aimed at buying a home rather than moving an existing mortgage.

Who regulates the bank?+

BAI Cabo Verde trades as Banco BAI Cabo Verde, S.A. and is supervised by Banco de Cabo Verde, the regulator listed for Cabo Verde. The bank was founded in 2008 and lends as a direct lender, so the contract is with the bank itself rather than with a broker or a marketplace.

What credit check will I face?+

Applications carry a hard credit check, listed as hard. The whole file is searched rather than a soft pre-qualification, so current borrowing and past defaults both weigh on the decision, and the rate of 13.94% is set against that result.

How do I get hold of the bank?+

Support runs on chat, phone and help centre, so phone, chat and a help centre are all listed. As a direct lender the bank handles the conversation from the first question through to the repayment schedule, which helps if you are arranging a home purchase and a personal loan at the same time.

Sources

  • bancobai.cv checked September 26, 2026

    Backs: Licences

  • bancobai.cv/Contactos checked September 26, 2026

    Backs: Support channels

    “IABAI Assistente virtual BAICV; Contactos gerais Telefone +238 260 23 00; Reclamacoes e outros canais”

  • bancobai.cv/Institucional/bai-cabo-verde checked September 26, 2026

    Backs: Founded, Headquarters, Legal entity, Lender type

    “Banco BAI Cabo Verde, S.A.”

  • bancobai.cv/Produtos checked September 26, 2026

    Backs: Loan types

    “Credito Habitacao; Credito Automovel; Credito Pessoal; Credito a Pequenos Negocios; Credito Ordenado; Credito Salario+”

  • bancobai.cv/Produtos/credito-habitacao checked September 26, 2026

    Backs: APRC, Fixed period, Initial rate, Maximum loan to value, Purpose

    “Credito Habitacao Taxa Fixa TAN: 9,00% | TAEG: 9,87%”

  • bancobai.cv/Produtos/credito-pessoal checked September 26, 2026

    Backs: Loan amount, APR, Credit check, Representative example, Term

Compiled from 6 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Arrangement fee, Funding time.

BAI Cabo Verde

BAI Cabo Verde

One Cabo Verde bank for a personal loan, a car loan or a home purchase mortgage.

9.0/10See alternatives

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