The intensive variables, geochemical, mineralogical, and petrogenetic constraints of the Iberian peraluminous rare metal granites (RMGs), many of them unknown, are presented. The mineral chemistry of ore and gangue minerals, whole rock analyses, geothermobarometry, melt water and phosphorus contents, mass balance, and Rayleigh modeling were performed to achieve these objectives. These procedures allow us to distinguish two main contrasting granitic types: Nb-Ta-rich and Nb-Ta-poor granites. The former have lower crystallization temperatures, higher water contents, and lower emplacement pressures than Nb-Ta-poor granites. Nb-Ta-rich granites also have higher fluoride contents, strong fractionation into geochemical twins, higher Na contents, and different evolutionary trends. At the deposit scale, the fractional crystallization of micas properly explains the variation in the Ta/Nb ratio in both Nb-Ta-poor and Nb-Ta-rich RMGs, although in higher-grade granites, the variation is not as clear due to the action of fluids. Fluid phase separation processes especially occurred in the Nb-Ta rich granites, thus transporting halogens and metals that increased the grades in the top and sometimes in the core of granites. Gas-driven filter pressing processes facilitated the migration of fluid and melt near solidus melt in Nb-Ta-rich granites. The geochemical signature of the Iberian rare metal granites mainly follows the trends of two-mica granites and P-rich cordierite granites, but also of granodiorites.