Manulife Bank Select combines a mortgage with a high interest, full feature chequing account to bring your clients’ banking together in one convenient product.

Manulife Bank Select – High Ratio program

Target market

First-time homebuyers with less than 20% of the purchase price of the home for a down payment or home owners with less than 20% equity in their home looking to transfer their mortgage and bank smarter.

Loan to value (LTV)

New Purchases:
  • Up to 95% single detached home, townhouse, condominium or duplex
  • Up to 90% triplex or fourplex

Maximum borrowing limit

New Purchases:
  • 95% + insurance premium for up to two units, calculated at 95% of the first $500,000 and 90% for any amount > $500,000 but less than $1,000,000
  • Purchase price of the home must be <$1,000,000

Minimum borrowing limit


Preferred lending areas

Across Canada, excluding the territories

Acceptable properties

  • Owner occupied single family dwelling (includes detached home, townhouse or condominium), duplex, triplex and fourplex.
  • Property must be residentially-zoned and utilized.
  • In-law apartments permitted.

Mortgage portions


5 year fixed rate (closed) and 5 year variable rate (closed)

Maximum Amortization period

25 years

Repayment options

  • Weekly (52 payments/year)
  • Weekly accelerated (52 payments/year but at a higher amount than weekly)
  • Bi-weekly (26 payments/year)
  • Bi-weekly accelerated (26 payments/year but at a higher amount than bi-weekly)
  • Monthly (12 payments/year)
Prepayment privileges
  • Lump-sum payment(s) up to 20% of the original mortgage amount, annually
  • Increase regular mortgage payments by up to 25% annually

Bank Account

Access to funds

Full feature chequing account that allows clients to make deposits, transfer funds, write cheques, pay bills, make debit purchases and withdraw funds. Manulife Bank is a member of THE EXCHANGE® Network. This is a network of more than 3,300 ABMs across Canada that do not charge convenience fees to Manulife Bank Select account holders.

Interest Rate

High rate of interest on every dollar in the account. Visit for current rates.

More info

Questions about Manulife One? Please contact us at

1-855-518-7546, or by email at