diff --git a/erpnext/loan_management/doctype/loan_repayment/loan_repayment.py b/erpnext/loan_management/doctype/loan_repayment/loan_repayment.py
index f7e7576..0710000 100644
--- a/erpnext/loan_management/doctype/loan_repayment/loan_repayment.py
+++ b/erpnext/loan_management/doctype/loan_repayment/loan_repayment.py
@@ -608,7 +608,6 @@
 	if payment_type == 'Loan Closure':
 		amounts['payable_principal_amount'] = amounts['pending_principal_amount']
 		amounts['interest_amount'] += amounts['unaccrued_interest']
-		amounts['payable_amount'] = amounts['payable_principal_amount'] + amounts['interest_amount']
-		amounts['payable_amount'] += amounts['penalty_amount']
+		amounts['payable_amount'] = amounts['payable_principal_amount'] + amounts['interest_amount'] + amounts['penalty_amount']
 
 	return amounts