diff --git a/drivers/block/loop.c b/drivers/block/loop.c
index 102d79575895..f11b7dc16e9d 100644
--- a/drivers/block/loop.c
+++ b/drivers/block/loop.c
@@ -945,9 +945,20 @@ static int loop_set_fd(struct loop_device *lo, fmode_t mode,
 	if (!file)
 		goto out;
 
+	/*
+	 * If we don't hold exclusive handle for the device, upgrade to it
+	 * here to avoid changing device under exclusive owner.
+	 */
+	if (!(mode & FMODE_EXCL)) {
+		bdgrab(bdev);
+		error = blkdev_get(bdev, mode | FMODE_EXCL, loop_set_fd);
+		if (error)
+			goto out_putf;
+	}
+
 	error = mutex_lock_killable(&loop_ctl_mutex);
 	if (error)
-		goto out_putf;
+		goto out_bdev;
 
 	error = -EBUSY;
 	if (lo->lo_state != Lo_unbound)
@@ -1012,10 +1023,15 @@ static int loop_set_fd(struct loop_device *lo, fmode_t mode,
 	mutex_unlock(&loop_ctl_mutex);
 	if (partscan)
 		loop_reread_partitions(lo, bdev);
+	if (!(mode & FMODE_EXCL))
+		blkdev_put(bdev, mode | FMODE_EXCL);
 	return 0;
 
 out_unlock:
 	mutex_unlock(&loop_ctl_mutex);
+out_bdev:
+	if (!(mode & FMODE_EXCL))
+		blkdev_put(bdev, mode | FMODE_EXCL);
 out_putf:
 	fput(file);
 out: