What is the Lendy current default rate? December 04, 2017 17:23 Updated Follow Lendy's current default rate is 6.4%, which is in line with the P2P sector average. * As from 04/12/2017. Related articles What happens to my investment if Lendy goes out of business? If a loan does go into default, how long will it take me to get my money back? When do you consider a loan to have ‘defaulted’? What action do you take upon default? Where can I find a copy of your default loan policy?