Terms are available in 12, 36, and 60 months. And you are right, you could get 6% from a mutual fund. But the reason I am trying this is because of the 10-12% annualized returns this method claims to bring.
If I can get 6% from a mutual fund, or 10%-12% from them, that's something to look at.
But, then I look at the fact that it's almost impossible for me to lose *ALL* of my investment with a mutual fund....unless I misunderstand how P2P lending works, there is an actual risk of losing your entire investment. I'm not sure that *I* would be willing to risk that for the possibility of an extra 4% return. But, that's my personal opinion, and I tend to be a bit more conservative.