Borrowers with IRPH mortgages in Spain often paid significantly more interest than borrowers whose loans were linked to Euribor.
An IRPH mortgage compensation calculator provides an estimate of how much money borrowers may be able to recover if the IRPH clause in their mortgage is declared abusive.
Although every case is different, many borrowers paid thousands of euros more in interest because of the IRPH index.
What Is an IRPH Mortgage Compensation Calculator?
An IRPH mortgage compensation calculator estimates the amount of overpaid interest that may be recoverable if the IRPH clause is successfully challenged.
The calculation compares:
- interest paid using IRPH
- interest that would have been paid using Euribor
The difference between the two amounts represents the potential compensation.
Estimated Compensation Examples
The following table shows approximate compensation ranges for different mortgage scenarios.
| Mortgage Amount | Mortgage Duration | Possible Compensation |
|---|---|---|
| €150,000 | 20 years | €10,000 – €20,000 |
| €200,000 | 25 years | €15,000 – €30,000 |
| €300,000 | 30 years | €25,000 – €45,000 |
These figures are estimates and depend on the specific terms of the mortgage.
If the IRPH clause in your mortgage is considered abusive, courts may order banks to refund overpaid interest.
You can learn more about the legal framework here:
IRPH compensation claims in Spain
Why Compensation May Be Possible
European consumer protection law requires mortgage clauses to be transparent.
Borrowers must be able to understand the financial consequences of the contract before signing it.
If a bank failed to properly explain how IRPH works, courts may consider the clause abusive.
If the clause is declared abusive, courts may:
- remove the IRPH clause from the mortgage
- replace the interest index
- recalculate interest payments
- order banks to refund overpaid interest
How to Check Your Mortgage
The first step in estimating compensation is to check whether the mortgage uses IRPH.
This information appears in the mortgage deed.
Typical references include:
- IRPH Entidades
- IRPH Cajas
- IRPH Bancos
You can learn how to identify the clause in our guide on checking an IRPH mortgage deed in Spain.
Legal Background of IRPH Claims
IRPH mortgage clauses have been examined by the Court of Justice of the European Union.
The European Court ruled that national courts must analyse whether banks provided sufficient information about the IRPH index.
If transparency requirements were not met, the clause may be considered abusive.
You can read more about this legal development in our analysis of the EU ruling on IRPH mortgages in Spain.
What Happens After a Successful Claim
If a court rules that the IRPH clause is abusive, the mortgage may be recalculated.
Borrowers may then receive compensation for the difference between the interest paid and the amount that should have been paid under a different index.
Frequently Asked Questions
Are compensation calculations accurate?
Compensation calculators provide estimates. A precise calculation requires analysis of the mortgage contract and payment history.
Do all IRPH mortgages qualify for compensation?
Not necessarily. Courts analyse whether the bank complied with transparency requirements when the mortgage was signed.
Can international buyers claim compensation?
Yes. European consumer protection law applies to all consumers regardless of nationality.
Which abusive clauses do we check in your Spanish mortgage?
- Floor clause (Clausula suelo) — hidden minimum interest rates
- Abusive late payment interest — rates exceeding legal limits
- Mortgage expenses — notary, registry, and management fees unlawfully charged to the borrower
- Opening commission — upfront fees that may be reclaimable
- Early maturity clause (Vencimiento anticipado) — allowing the bank to demand full repayment after minor defaults
- IRPH — a mortgage index consistently higher than Euribor, often applied without adequate transparency
- Multi-currency clauses — loans denominated in foreign currencies exposing borrowers to exchange rate risk
If any of these apply to your mortgage, you may be entitled to a refund. Request a free mortgage review
Legal Notice: The content on this page is provided for general informational and educational purposes only. It does not constitute legal advice and should not be relied upon as such. No action should be taken based solely on this content without first seeking independent professional legal counsel. Each case requires individual assessment based on its specific circumstances. CostaLuz Lawyers accepts no liability for actions taken or not taken based on this content.
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This content has been prepared with the assistance of artificial intelligence and reviewed by María Luisa de Castro, a lawyer specialising in Real Estate Law and founder of CostaLuz Lawyers.
The information provided is general and indicative in nature. It should not be used as the sole basis for making professional, legal or investment decisions, and CostaLuz Lawyers assumes no responsibility for decisions taken solely on the basis of this content.
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