diff --git a/CHANGELOG.md b/CHANGELOG.md
index 13d779fe58..6ebe901afb 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,10 @@
 
 ## master (unreleased)
 
+### Bug fixes
+
+* [#401](https://github.com/rubocop-hq/rubocop-rails/issues/401): Fix an error for `Rails/WhereEquals` using only named placeholder template without replacement argument. ([@koic][])
+
 ## 2.9.0 (2020-12-09)
 
 ### New features
diff --git a/lib/rubocop/cop/rails/where_equals.rb b/lib/rubocop/cop/rails/where_equals.rb
index 9a6a921f18..c7ddb653e2 100644
--- a/lib/rubocop/cop/rails/where_equals.rb
+++ b/lib/rubocop/cop/rails/where_equals.rb
@@ -68,7 +68,7 @@ def extract_column_and_value(template_node, value_node)
             when EQ_ANONYMOUS_RE, IN_ANONYMOUS_RE
               value_node.source
             when EQ_NAMED_RE, IN_NAMED_RE
-              return unless value_node.hash_type?
+              return unless value_node&.hash_type?
 
               pair = value_node.pairs.find { |p| p.key.value.to_sym == Regexp.last_match(2).to_sym }
               pair.value.source
diff --git a/spec/rubocop/cop/rails/where_equals_spec.rb b/spec/rubocop/cop/rails/where_equals_spec.rb
index 938fdeb4dd..59b03a4a09 100644
--- a/spec/rubocop/cop/rails/where_equals_spec.rb
+++ b/spec/rubocop/cop/rails/where_equals_spec.rb
@@ -160,4 +160,12 @@
       User.where('name = ? AND age = ?', 'john', 19)
     RUBY
   end
+
+  it 'does not register an offense when using only named placeholder template without replacement argument' do
+    expect_no_offenses(<<~'RUBY')
+      sql = User.where('name = :name').select(:id).to_sql
+
+      User.where("id IN (#{sql})", name: 'Lastname').first
+    RUBY
+  end
 end