diff --git a/mifosng-provider/src/main/java/org/mifosplatform/portfolio/floatingrates/data/FloatingRateDTO.java b/mifosng-provider/src/main/java/org/mifosplatform/portfolio/floatingrates/data/FloatingRateDTO.java
index 68d710bb8..4880f7a87 100644
--- a/mifosng-provider/src/main/java/org/mifosplatform/portfolio/floatingrates/data/FloatingRateDTO.java
+++ b/mifosng-provider/src/main/java/org/mifosplatform/portfolio/floatingrates/data/FloatingRateDTO.java
@@ -29,10 +29,12 @@ public class FloatingRateDTO {
 	public BigDecimal fetchBaseRate(LocalDate date) {
 		BigDecimal rate = null;
 		for (FloatingRatePeriodData periodData : this.baseLendingRatePeriods) {
-			if (date.isBefore(new LocalDate(periodData.getFromDate()))) {
+			final LocalDate periodFromDate = new LocalDate(periodData.getFromDate());
+			if (periodFromDate.isBefore(date)
+					|| periodFromDate.isEqual(date)) {
+				rate = periodData.getInterestRate();
 				break;
 			}
-			rate = periodData.getInterestRate();
 		}
 		return rate;
 	}
diff --git a/mifosng-provider/src/main/java/org/mifosplatform/portfolio/floatingrates/service/FloatingRatesReadPlatformServiceImpl.java b/mifosng-provider/src/main/java/org/mifosplatform/portfolio/floatingrates/service/FloatingRatesReadPlatformServiceImpl.java
index 12b426b0f..3aea6f10e 100644
--- a/mifosng-provider/src/main/java/org/mifosplatform/portfolio/floatingrates/service/FloatingRatesReadPlatformServiceImpl.java
+++ b/mifosng-provider/src/main/java/org/mifosplatform/portfolio/floatingrates/service/FloatingRatesReadPlatformServiceImpl.java
@@ -139,7 +139,7 @@ public class FloatingRatesReadPlatformServiceImpl implements
 				final String sql = "select "
 						+ ratePeriodMapper.schema()
 						+ " where period.is_active = 1 and period.floating_rates_id = ? "
-						+ " order by period.from_date ";
+						+ " order by period.from_date desc ";
 				ratePeriods = jdbcTemplate.query(sql, ratePeriodMapper,
 						new Object[] { id });
 			}
diff --git a/mifosng-provider/src/main/java/org/mifosplatform/portfolio/loanaccount/data/LoanTermVariationsData.java b/mifosng-provider/src/main/java/org/mifosplatform/portfolio/loanaccount/data/LoanTermVariationsData.java
index 35b5c321f..e9c550227 100644
--- a/mifosng-provider/src/main/java/org/mifosplatform/portfolio/loanaccount/data/LoanTermVariationsData.java
+++ b/mifosng-provider/src/main/java/org/mifosplatform/portfolio/loanaccount/data/LoanTermVariationsData.java
@@ -62,8 +62,8 @@ public class LoanTermVariationsData implements Comparable<LoanTermVariationsData
         return occursOnDayFromAndUpTo(fromDate, dueDate, this.termVariationApplicableFrom);
     }
 
-    private boolean occursOnDayFromAndUpTo(final LocalDate fromInclusive, final LocalDate upToNotInclusive, final LocalDate target) {
-        return target != null && !target.isBefore(fromInclusive) && target.isBefore(upToNotInclusive);
+    private boolean occursOnDayFromAndUpTo(final LocalDate fromNotInclusive, final LocalDate upToInclusive, final LocalDate target) {
+        return target != null && target.isAfter(fromNotInclusive) && !target.isAfter(upToInclusive);
     }
 
     public boolean isApplicable(final LocalDate fromDate) {
diff --git a/mifosng-provider/src/main/java/org/mifosplatform/portfolio/loanaccount/domain/Loan.java b/mifosng-provider/src/main/java/org/mifosplatform/portfolio/loanaccount/domain/Loan.java
index 27003d44b..aa96d46b4 100755
--- a/mifosng-provider/src/main/java/org/mifosplatform/portfolio/loanaccount/domain/Loan.java
+++ b/mifosng-provider/src/main/java/org/mifosplatform/portfolio/loanaccount/domain/Loan.java
@@ -2582,7 +2582,7 @@ public class Loan extends AbstractPersistable<Long> {
                 LoanTermVariationsData loanTermVariation = new LoanTermVariationsData(
                         LoanEnumerations.loanvariationType(LoanTermVariationType.INTEREST_RATE), periodData.getFromDateAsLocalDate(),
                         periodData.getInterestRate(), dateValue, isSpecificToInstallment);
-                if (interestRateStartDate.isAfter(periodData.getFromDateAsLocalDate())) {
+                if (!interestRateStartDate.isBefore(periodData.getFromDateAsLocalDate())) {
                     interestRateStartDate = periodData.getFromDateAsLocalDate();
                     interestRate = periodData.getInterestRate();
                 }
diff --git a/mifosng-provider/src/main/java/org/mifosplatform/portfolio/loanaccount/loanschedule/service/LoanScheduleAssembler.java b/mifosng-provider/src/main/java/org/mifosplatform/portfolio/loanaccount/loanschedule/service/LoanScheduleAssembler.java
index c942e0f34..3b3faa5c5 100644
--- a/mifosng-provider/src/main/java/org/mifosplatform/portfolio/loanaccount/loanschedule/service/LoanScheduleAssembler.java
+++ b/mifosng-provider/src/main/java/org/mifosplatform/portfolio/loanaccount/loanschedule/service/LoanScheduleAssembler.java
@@ -366,7 +366,7 @@ public class LoanScheduleAssembler {
                 LoanTermVariationsData loanTermVariation = new LoanTermVariationsData(
                         LoanEnumerations.loanvariationType(LoanTermVariationType.INTEREST_RATE), periodData.getFromDateAsLocalDate(),
                         periodData.getInterestRate(), dateValue, isSpecificToInstallment);
-                if (interestRateStartDate.isAfter(periodData.getFromDateAsLocalDate())) {
+                if (!interestRateStartDate.isBefore(periodData.getFromDateAsLocalDate())) {
                     interestRateStartDate = periodData.getFromDateAsLocalDate();
                     annualNominalInterestRate = periodData.getInterestRate();
                 }