diff --git a/drivers/net/bonding/bond_main.c b/drivers/net/bonding/bond_main.c
index 771a449d2f56384bae4a5409ffb588dfb40e1f61..90f2615428c017f6616231e110a49ec3b914901a 100644
--- a/drivers/net/bonding/bond_main.c
+++ b/drivers/net/bonding/bond_main.c
@@ -3136,6 +3136,10 @@ u32 bond_xmit_hash(struct bonding *bond, struct sk_buff *skb)
 	struct flow_keys flow;
 	u32 hash;
 
+	if (bond->params.xmit_policy == BOND_XMIT_POLICY_ENCAP34 &&
+	    skb->l4_hash)
+		return skb->hash;
+
 	if (bond->params.xmit_policy == BOND_XMIT_POLICY_LAYER2 ||
 	    !bond_flow_dissect(bond, skb, &flow))
 		return bond_eth_hash(skb);