Your rate is risk-based: from 1.99% per month. Use this calculator to understand your cost at any rate band. No fees, no guesswork.
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| Event | Balance | Interest | Capital repayment |
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Illustrative purposes only. Calculations assume the full facility amount is drawn at the start of the 30-day funding period. Interest accrues daily on the outstanding balance from the date of draw. A 60-day grace period applies before capital repayments begin: months 1 and 2 are interest-only. Capital is then repaid in equal 30-day instalments over the chosen repayment period (6 or 9 periods). Interest is calculated on the 1st of each period and collected via Direct Debit on or after the 8th. Total duration is either 8 periods (6-period repayment) or 11 periods (9-period repayment). Your actual rate is determined following a full credit assessment. Figures rounded to the nearest pound.
Interest on multifi Flexi Credit is calculated monthly on your outstanding drawn balance — the amount you have actually used, not your full credit limit. The rate starts from 1.99% per month. As you make monthly repayments and your balance reduces, the interest you pay each month also reduces. There are no hidden costs: zero setup fees, zero platform fees, zero draw fees, and zero early repayment fees.
Representative example: A £50,000 Flexi Credit facility drawn in full at 2.49% per month over 6 months would result in total repayments of approximately £55,602, with a representative APR of 34.7%. Interest reduces each month as the balance falls. Rates are risk-based and your actual rate will be confirmed at the point of application.
No. If you have an approved multifi Flexi Credit facility but choose not to draw from it, you pay nothing. There are no non-utilisation fees, no monthly platform fees, and no access charges. You only pay interest when you draw funds, and only on the amount you have drawn.
No credit check. No commitment. Just a quick, honest eligibility check that takes 60 seconds.
