Monthly interest rate — your actual rate is set at application
Capital repayment period — number of 30-day periods
Already been quoted elsewhere? (Optional)
If you have a loan quote with a monthly rate, enter their terms to personalise the Loan comparison tab below. The MCA comparison tab runs on industry benchmark factor rates and needs no input from you.
For loan and revolving credit quotes with a monthly rate. Have a factor rate instead? Factor rates are an MCA concept and don't convert to a monthly rate — use the MCA comparison tab to the right.
Their upfront fee in £. multifi charges £0. Leave blank if they charge none.
Based on your selections — multifi Flexi Credit
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/period
Average repayment across the 12 repayment periods · after the 60-day interest-only start
Interest-only periods (days 1–60)
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/period · no capital repayment
Total interest payable
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£0 in fees or charges
Total repayable
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capital + interest only
Total capital repayments
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Equal to your drawn amount
Total interest — multifi
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Amortising rate zero fees on top
Overall total — multifi
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At 1.99%/month · 6-period repayment
multifi APR (representative)
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Amortising rate Interest only on outstanding balance
Flat-rate APR (illustrative)
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Same headline rate, original balance charged every period
multifi saving vs flat-rate loan
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Compares multifi's amortising method against a flat-rate loan at the same headline rate. Enter a competitor's monthly rate in the optional section above to personalise this. APR figures are indicative, calculated via Newton-Raphson on the full cashflow schedule.
MCAs quote a factor rate — but because it ignores time, it understates the real cost. Converting to APR on a like-for-like basis shows the true comparison. Select a typical MCA payback period:
MCA payback period — MCAs typically repay in 6–12 months
multifi APR (representative)
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Amortising rate 12 repayment periods + 60-day interest-only start Same figure as Loan tab — methods reconcile
Comparable MCA — APR equivalent
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Market average reference — 1.26 factor (industry benchmark)
6 months
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9 months
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12 months
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Source: The UK Merchant Cash Advance Market: Pricing Dynamics, Provider Landscape and Factor Rate Analysis 2024–25 (multifi, 2025). The 1.26 figure is the market average identified in the report and is not altered here.
Why APR varies with repayment speed: The same factor rate produces a much higher APR when repaid quickly. A 1.26 advance repaid in 6 months is ~126% APR; over 12 months it falls to ~56% APR. Fast repayment — not the factor — is what makes MCAs expensive. Source: multifi MCA Market Report 2024–25. This comparison is a financial promotion and requires compliance sign-off before public use.
How other SME products typically work
Many business finance products calculate interest differently to multifi. Two things worth asking any lender:
Interest method: Is interest charged on your outstanding balance (as it falls with each repayment), or on the original amount throughout? Flat-rate products charge on the original, so the effective rate is higher than it looks.
Arrangement or facility fee: Many products add 1–3% of the facility upfront. On a £50,000 facility, a 2% fee is £1,000 before interest begins.
The illustration below uses 3.5% per month flat-rate and a 2% arrangement fee as a generic market example — not a quote from any specific lender. Enter a real competitor's figures above for an accurate comparison.
Illustrative market figures. Flat-rate method and typical arrangement fee range (1–3%) based on publicly available UK SME lending product data. This is a general illustration only — not a comparison with any named lender. Always obtain a written quote. All comparisons subject to sign-off under FCA financial promotion rules.
Payment schedule
Days 1–60: interest only period
multifi interest reduces as balance falls
Event
Balance
Capital repayment
multifi interest
✓ £0 setup fee
✓ £0 platform fee
✓ £0 service fee
✓ £0 non-utilisation fee
✓ £0 early repayment penalty
Early repayment available from 90 days after a drawdown (effective 27 June 2026 terms).
Try Flexi Credit TodayIllustrative purposes only — financial promotion.
multifi charges interest on the outstanding balance after each capital repayment (amortising method). The competitor column applies the rate you enter on the original facility amount every period (flat-rate method), plus any arrangement fee you specify — enter the competitor's actual terms for a fair comparison. A 60-day interest-only grace period is included in both schedules, matching multifi's published Flexi Credit structure. Representative APR figures are calculated from the full cashflow schedule (Newton-Raphson) and are indicative only; actual APR depends on exact draw and repayment dates. MCA factor rate comparison uses a market average of 1.26, sourced from The UK Merchant Cash Advance Market: Pricing Dynamics, Provider Landscape and Factor Rate Analysis 2024–2025 (multifi, 2025). Savings shown are based on total amount repayable and will vary with the inputs entered. multifi charges no arrangement, platform, service, non-utilisation, or early repayment fees. Your actual rate is determined following a full credit assessment; not all businesses will qualify.
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.Early repayment available from 90 days after a drawdown.
What does a typical Flexi Credit facility cost?
Representative example: £50,000 over 12 months at 2.99% a month on the reducing balance, no fees. Total repayable £61,213. 43.5% APR representative. Interest reduces each month as the balance falls. Rates are risk-based and your actual rate will be confirmed at the point of application.
Is there a fee if I don't use my Flexi Credit facility?
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.
Ready to see if Flexi Credit is right for you?
No credit check. No commitment. Just a quick, honest eligibility check that takes 60 seconds.
