diff --git a/src/wallet/db.cpp b/src/wallet/db.cpp
index b36a6de2a..a0f0abd4a 100644
--- a/src/wallet/db.cpp
+++ b/src/wallet/db.cpp
@@ -56,9 +56,8 @@ bool WalletDatabaseFileId::operator==(const WalletDatabaseFileId& rhs) const
     return memcmp(value, &rhs.value, sizeof(value)) == 0;
 }
 
-BerkeleyEnvironment* GetWalletEnv(const fs::path& wallet_path, std::string& database_filename)
+static void SplitWalletPath(const fs::path& wallet_path, fs::path& env_directory, std::string& database_filename)
 {
-    fs::path env_directory;
     if (fs::is_regular_file(wallet_path)) {
         // Special case for backwards compatibility: if wallet path points to an
         // existing file, treat it as the path to a BDB data file in a parent
@@ -71,6 +70,24 @@ BerkeleyEnvironment* GetWalletEnv(const fs::path& wallet_path, std::string& data
         env_directory = wallet_path;
         database_filename = "wallet.dat";
     }
+}
+
+bool IsWalletLoaded(const fs::path& wallet_path)
+{
+    fs::path env_directory;
+    std::string database_filename;
+    SplitWalletPath(wallet_path, env_directory, database_filename);
+    LOCK(cs_db);
+    auto env = g_dbenvs.find(env_directory.string());
+    if (env == g_dbenvs.end()) return false;
+    auto db = env->second.m_databases.find(database_filename);
+    return db != env->second.m_databases.end();
+}
+
+BerkeleyEnvironment* GetWalletEnv(const fs::path& wallet_path, std::string& database_filename)
+{
+    fs::path env_directory;
+    SplitWalletPath(wallet_path, env_directory, database_filename);
     LOCK(cs_db);
     // Note: An ununsed temporary BerkeleyEnvironment object may be created inside the
     // emplace function if the key already exists. This is a little inefficient,
diff --git a/src/wallet/db.h b/src/wallet/db.h
index 68a59607a..5ced4c59c 100644
--- a/src/wallet/db.h
+++ b/src/wallet/db.h
@@ -95,6 +95,9 @@ public:
     }
 };
 
+/** Return whether a wallet database is currently loaded. */
+bool IsWalletLoaded(const fs::path& wallet_path);
+
 /** Get BerkeleyEnvironment and database filename given a wallet path. */
 BerkeleyEnvironment* GetWalletEnv(const fs::path& wallet_path, std::string& database_filename);
 
diff --git a/src/wallet/wallet.cpp b/src/wallet/wallet.cpp
index fefa1ae02..e9fff5443 100644
--- a/src/wallet/wallet.cpp
+++ b/src/wallet/wallet.cpp
@@ -4032,11 +4032,9 @@ bool CWallet::Verify(const WalletLocation& location, bool salvage_wallet, std::s
     }
 
     // Make sure that the wallet path doesn't clash with an existing wallet path
-    for (auto wallet : GetWallets()) {
-        if (wallet->GetLocation().GetPath() == wallet_path) {
-            error_string = strprintf("Error loading wallet %s. Duplicate -wallet filename specified.", location.GetName());
-            return false;
-        }
+    if (IsWalletLoaded(wallet_path)) {
+        error_string = strprintf("Error loading wallet %s. Duplicate -wallet filename specified.", location.GetName());
+        return false;
     }
 
     try {
diff --git a/test/functional/wallet_multiwallet.py b/test/functional/wallet_multiwallet.py
index 6e0c109e6..bf33d3c62 100755
--- a/test/functional/wallet_multiwallet.py
+++ b/test/functional/wallet_multiwallet.py
@@ -217,6 +217,9 @@ class MultiWalletTest(BitcoinTestFramework):
         # Fail to load duplicate wallets
         assert_raises_rpc_error(-4, 'Wallet file verification failed: Error loading wallet w1. Duplicate -wallet filename specified.', self.nodes[0].loadwallet, wallet_names[0])
 
+        # Fail to load duplicate wallets by different ways (directory and filepath)
+        assert_raises_rpc_error(-4, "Wallet file verification failed: Error loading wallet wallet.dat. Duplicate -wallet filename specified.", self.nodes[0].loadwallet, 'wallet.dat')
+
         # Fail to load if one wallet is a copy of another
         assert_raises_rpc_error(-1, "BerkeleyBatch: Can't open database w8_copy (duplicates fileid", self.nodes[0].loadwallet, 'w8_copy')