diff --git a/lib/module.js b/lib/module.js
index e92c0b61d9e..4c567ec2b97 100644
--- a/lib/module.js
+++ b/lib/module.js
@@ -431,7 +431,8 @@ Module._load = function(request, parent, isMain) {
         ESMLoader = new Loader();
         const userLoader = process.binding('config').userLoader;
         if (userLoader) {
-          const hooks = await new Loader().import(userLoader);
+          const hooks = await ESMLoader.import(userLoader);
+          ESMLoader = new Loader();
           ESMLoader.hook(hooks);
         }
       }
diff --git a/test/es-module/test-esm-loader-dependency.mjs b/test/es-module/test-esm-loader-dependency.mjs
new file mode 100644
index 00000000000..5d05118dbf2
--- /dev/null
+++ b/test/es-module/test-esm-loader-dependency.mjs
@@ -0,0 +1,5 @@
+// Flags: --experimental-modules --loader ./test/fixtures/es-module-loaders/loader-with-dep.mjs
+/* eslint-disable required-modules */
+import './test-esm-ok.mjs';
+
+// We just test that this module doesn't fail loading
diff --git a/test/fixtures/es-module-loaders/loader-dep.js b/test/fixtures/es-module-loaders/loader-dep.js
new file mode 100644
index 00000000000..cf821afec16
--- /dev/null
+++ b/test/fixtures/es-module-loaders/loader-dep.js
@@ -0,0 +1 @@
+exports.format = 'esm';
diff --git a/test/fixtures/es-module-loaders/loader-with-dep.mjs b/test/fixtures/es-module-loaders/loader-with-dep.mjs
new file mode 100644
index 00000000000..944e6e438c5
--- /dev/null
+++ b/test/fixtures/es-module-loaders/loader-with-dep.mjs
@@ -0,0 +1,7 @@
+import dep from './loader-dep.js';
+export function resolve (specifier, base, defaultResolve) {
+  return {
+    url: defaultResolve(specifier, base).url,
+    format: dep.format
+  };
+}