diff --git a/src/components/MoneyRequestHeader.tsx b/src/components/MoneyRequestHeader.tsx
index f34ebb132ad8..362cab556bef 100644
--- a/src/components/MoneyRequestHeader.tsx
+++ b/src/components/MoneyRequestHeader.tsx
@@ -29,6 +29,7 @@ import * as Expensicons from './Icon/Expensicons';
 import type {MoneyRequestHeaderStatusBarProps} from './MoneyRequestHeaderStatusBar';
 import MoneyRequestHeaderStatusBar from './MoneyRequestHeaderStatusBar';
 import ProcessMoneyRequestHoldMenu from './ProcessMoneyRequestHoldMenu';
+import isLoadingOnyxValue from '@src/types/utils/isLoadingOnyxValue';
 
 type MoneyRequestHeaderProps = {
     /** The report currently being looked at */
@@ -52,7 +53,8 @@ function MoneyRequestHeader({report, parentReportAction, policy, shouldUseNarrow
     const [transaction] = useOnyx(`${ONYXKEYS.COLLECTION.TRANSACTION}${(parentReportAction as ReportAction & OriginalMessageIOU)?.originalMessage?.IOUTransactionID ?? 0}`);
     const [transactionViolations] = useOnyx(ONYXKEYS.COLLECTION.TRANSACTION_VIOLATIONS);
     const [session] = useOnyx(ONYXKEYS.SESSION);
-    const [shownHoldUseExplanation] = useOnyx(ONYXKEYS.NVP_HOLD_USE_EXPLAINED, {initialValue: false});
+    const [holdUseExplained, holdUseExplainedResult] = useOnyx(ONYXKEYS.NVP_HOLD_USE_EXPLAINED);
+    const isLoadingHoldUseExplained = isLoadingOnyxValue(holdUseExplainedResult);
 
     const styles = useThemeStyles();
     const theme = useTheme();
@@ -171,8 +173,11 @@ function MoneyRequestHeader({report, parentReportAction, policy, shouldUseNarrow
     }
 
     useEffect(() => {
-        setShouldShowHoldMenu(isOnHold && !shownHoldUseExplanation);
-    }, [isOnHold, shownHoldUseExplanation]);
+        if (isLoadingHoldUseExplained) {
+            return;
+        }
+        setShouldShowHoldMenu(isOnHold && !holdUseExplained);
+    }, [isOnHold, holdUseExplained, isLoadingHoldUseExplained]);
 
     useEffect(() => {
         if (!shouldShowHoldMenu) {