possible loan scam???

I recieved an e-mail from [email protected], and was wondering if it was a scam. This is the e-mail i recieved....


Get your private loan today at 3% interest rate without any hurdle.
You can borrow anything from $3000 to 10,000,000 over a period
of 1 to 35years without prepayment penalty.


Please disregard this email if you are not interested. I can be reached
by Compose a new mail to : [email protected]
with the amount needed, purpose and loan duration.

Thanks
[email protected]
Baring Multi- Managers Fund Plc, USA.
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It is an advance fee loan scam. You will be promised a loan for a large sum of money, but first you will have to pay a smaller sum of money for some kind of fee or "insurance." In the end, the only money that changes hands will be yours--going straight to the scammer.