diff --git a/packages/next/src/server/app-render/app-render.tsx b/packages/next/src/server/app-render/app-render.tsx
index 44f2834b66778..a177bdb4e3154 100644
--- a/packages/next/src/server/app-render/app-render.tsx
+++ b/packages/next/src/server/app-render/app-render.tsx
@@ -1119,7 +1119,9 @@ export const renderToHTMLOrFlight: AppPageRender = (
                 getDynamicParamFromSegment,
                 query
               ),
-              isPrefetch && !Boolean(components.loading)
+              isPrefetch &&
+              !Boolean(components.loading) &&
+              !hasLoadingComponentInTree(loaderTree)
                 ? null
                 : // Create component tree using the slice of the loaderTree
                   // @ts-expect-error TODO-APP: fix async component type
@@ -1142,7 +1144,9 @@ export const renderToHTMLOrFlight: AppPageRender = (
 
                     return <Component />
                   }),
-              isPrefetch && !Boolean(components.loading)
+              isPrefetch &&
+              !Boolean(components.loading) &&
+              !hasLoadingComponentInTree(loaderTree)
                 ? null
                 : (() => {
                     const { layoutOrPagePath } =
diff --git a/test/e2e/app-dir/app/app/linking/about/loading.js b/test/e2e/app-dir/app/app/linking/about/loading.js
new file mode 100644
index 0000000000000..3d9aa325a9cf7
--- /dev/null
+++ b/test/e2e/app-dir/app/app/linking/about/loading.js
@@ -0,0 +1,3 @@
+export default function AboutLoading() {
+  return <p id="about-loading">About loading...</p>
+}
diff --git a/test/e2e/app-dir/app/index.test.ts b/test/e2e/app-dir/app/index.test.ts
index 08babe21860c8..b431964b671b6 100644
--- a/test/e2e/app-dir/app/index.test.ts
+++ b/test/e2e/app-dir/app/index.test.ts
@@ -19,7 +19,7 @@ createNextDescribe(
         ).toBeTruthy()
         expect(
           await next.readFile('.next/server/app/linking/about.prefetch.rsc')
-        ).toBeTruthy()
+        ).toContain('About loading...')
         expect(
           await next.readFile(
             '.next/server/app/dashboard/deployments/breakdown.prefetch.rsc'