We study right exact tensor products on the category of finitely presented functors. As our main technical tool, we use a multilinear version of the universal property of so-called Freyd categories. Furthermore, we compare our constructions with the Day convolution of arbitrary functors. Our results are stated in a constructive way and give a unified approach for the implementation of tensor products in various contexts. 2010 Mathematics Subject Classification. 18E10, 18E05, 18A25, Key words and phrases. Freyd category, finitely presented functor, computable abelian category. The work of M. Bies is supported by the Wiener-Anspach foundation. M. Bies thanks the University of Siegen and the GAP Singular Meeting and School for hospitality during this project. The work of S. Posur is supported by Deutsche Forschungsgemeinschaft (DFG) grant SFB-TRR 195: Symbolic Tools in Mathematics and their Application.