A dual-mode padlock can be unlatched by dialing a combination assembly or an associated key. The dual-mode padlock has a latching element movably mounted inside to engage with or disengage from a latch. When the dual-mode padlock is locked, the user can directly push the latch into a mounting groove to engage with the latching element and make the dual-mode padlock locked, without use of the associated key or dialing of the combination assembly. This makes it timesaving and convenient to lock the dual-mode padlock.