diff --git a/files/image_config/ntp/ntp.conf.j2 b/files/image_config/ntp/ntp.conf.j2
index 1255369773f..cef6527fc28 100644
--- a/files/image_config/ntp/ntp.conf.j2
+++ b/files/image_config/ntp/ntp.conf.j2
@@ -27,12 +27,19 @@ filegen clockstats file clockstats type day enable
 server {{ ntp_server }} iburst
 {% endfor %}
 
-#only listen on localhost and eth0 ips (default is to listen on all ip addresses)
+#only listen on MGMT_INTERFACE, LOOPBACK_INTERFACE ip when MGMT_INTERFACE is not defined, or eth0 
+# if we don't have both of them (default is to listen on all ip addresses)
 interface ignore wildcard
 {% if MGMT_INTERFACE %}
 {% for (mgmt_intf, mgmt_prefix) in MGMT_INTERFACE|pfx_filter %}
 interface listen {{ mgmt_prefix | ip }}
 {% endfor %}
+{% elif LOOPBACK_INTERFACE %}
+{% for (name, prefix) in LOOPBACK_INTERFACE|pfx_filter %}
+{% if prefix | ipv4 and name == 'Loopback0' %}
+interface listen {{ prefix | ip }}
+{% endif %}
+{% endfor %}
 {% else %}
 interface listen eth0
 {% endif %}