The existing lattice-based cut-and-choose oblivious transfer protocol is constructed based on the learning-with-errors (LWE) problem, which generally has the problem of inefficiency. An efficient cut-and-choose oblivious transfer protocol is proposed based on the difficult module-learning-with-errors (MLWE) problem. Compression and decompression techniques are introduced in the LWE-based dual-mode encryption system to improve it to an MLWE-based dual-mode encryption framework, which is applied to the protocol as an intermediate scheme. Subsequently, the security and efficiency of the protocol are analysed, and the security of the protocol can be reduced to the shortest independent vector problem (SIVP) on the lattice, which is resistant to quantum attacks. Since the whole protocol relies on the polynomial ring of elements to perform operations, the efficiency of polynomial modulo multiplication can be improved by using fast Fourier transform (FFT). Finally, this paper compares the protocol with an LWE-based protocol in terms of computational and communication complexities. The analysis results show that the protocol reduces the computation and communication overheads by at least a factor of n while maintaining the optimal number of communication rounds under malicious adversary attacks.