diff --git a/erpnext/loan_management/doctype/loan/loan.py b/erpnext/loan_management/doctype/loan/loan.py
index 83a813f947..20b44a15e3 100644
--- a/erpnext/loan_management/doctype/loan/loan.py
+++ b/erpnext/loan_management/doctype/loan/loan.py
@@ -44,6 +44,7 @@ class Loan(AccountsController):
 
 	def on_cancel(self):
 		self.unlink_loan_security_pledge()
+		self.ignore_linked_doctypes = ['GL Entry']
 
 	def set_missing_fields(self):
 		if not self.company:
@@ -359,4 +360,4 @@ def get_shortfall_applicants():
 	return {
 		"value": len(applicants),
 		"fieldtype": "Int"
-	}
\ No newline at end of file
+	}