In many engineering structures, failure occurs either at the connection itself or in the component at the point of attachment of the connection. To extend the service life of the structure it is important to ensure that the loads borne by the connections are distributed as uniformly as possible. This would also minimize the possibility of localized high stress regions within the component. In this work a topology optimization based approach has been developed to incorporate fastener load constraints into a problem formulated for optimal location of fasteners. The computational results indicate that it is effective in reducing the maximum fastener loads without compromising on the overall stiffness of the structure.