diff --git a/erpnext/loan_management/doctype/loan_interest_accrual/loan_interest_accrual.py b/erpnext/loan_management/doctype/loan_interest_accrual/loan_interest_accrual.py
index 7d7992d40ae..7978350adf8 100644
--- a/erpnext/loan_management/doctype/loan_interest_accrual/loan_interest_accrual.py
+++ b/erpnext/loan_management/doctype/loan_interest_accrual/loan_interest_accrual.py
@@ -246,7 +246,5 @@ def get_per_day_interest(principal_amount, rate_of_interest, posting_date=None):
 	if not posting_date:
 		posting_date = getdate()
 
-	precision = cint(frappe.db.get_default("currency_precision")) or 2
-
-	return flt((principal_amount * rate_of_interest) / (days_in_year(get_datetime(posting_date).year) * 100), precision)
+	return flt((principal_amount * rate_of_interest) / (days_in_year(get_datetime(posting_date).year) * 100))