Moza Banco review

Moza Banco lends at a fixed rate, and the annual percentage rate runs 23% to 25% across its personal, car, secured and credit line products. That sits above the personal loan median of 12.25% across the site, so it is worth running the same sums through a cheaper lender first.

Terms run 180 to 300, longer than the personal loan median of 48 in the site's listings. A longer term spreads each payment but keeps the balance outstanding for years, so a shorter product elsewhere can cost less in total.

Loan types run from personal credit to car, secured and a revolving credit line, and home improvement is the named use. Every product is priced at a fixed rate of 23% to 25%, so a car loan and a home improvement loan carry the same headline rate.

The bank is headquartered in Mozambique and lends to borrowers there, covering personal, car, secured and credit line products plus home improvement work. Those loans are fixed at 23% to 25% over terms of 180 to 300.

Moza Banco describes disbursement as fast, so approved credit is released with little waiting. The fixed rate of 23% to 25% applies from the start, and a revolving credit line lets you draw only what you need and leave the rest available.

Support runs on phone, email and chat, which covers phone, email, chat and a help centre. That spread of channels matters most on secured and car borrowing, where questions about collateral and settlement come up often.

A term of 180 to 300 makes early repayment worth checking on the account terms. Across the site, 81.2% of listed lenders allow free early repayment, though that share covers the whole market rather than Moza Banco specifically.

Moza Banco's 23% to 25% is steeper than the personal loan median of 12.25% and the upper quartile of 25.03%. Cashspace and Monzo Flex both list lower ceilings, worth checking if the total cost matters more than the convenience of one bank.