What is the Lendy current default rate? February 01, 2018 10:59 Updated Follow Lendy's current default rate is 10.4%, which is in line with the P2P sector average. * As from 01/02/2018. Related articles What happens to my investment if Lendy goes out of business? If a loan does become non-performing, 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 non-performing loan policy?