Yes, I've been a peer to peer lender with Prosper for two years now. Net return as of today was 15%. It was closer to 20% before a couple of charge-offs I had a few months back. The charge-offs and late payments seem to have petered out though, looks to me like it will be smooth sailing ahead. Still, 15% is much better than most other investment avenues. Prosper isn't accepting lenders or borrowers at the moment because they're going through registration with the SEC. LC and Pertuity are already registered and up and running. Plus these two are much safer for investors because they have minimum credit requirements for borrowers. Of course that means lower returns for the lender though.
Also: loan terms depend on the state the borrower lives in. So, the amount of time the money is tied up depends on their state's laws - usually 3 to 5 years though.
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