1/4/2011 7:38 PM (PST)

I received this email and thinking of borrowing. Is borrowing money via international legal and ok? Here is the email: In acknowledgment to the loan application, this e-mail is to Below are the loan Repayment Schedule and conditions: which was calculated in 5years 60months. LOAN TERMS AND REPAYMENT SCHEDULE: So find the interest rate and repayment schedule below: 1. Principal Loan Amount: $50,000 2. Interest Rate: 5% 3. Loan duration/period: (60months) 4. Monthly Installments: $943.56 5. Interest to be paid: $6,613.70 6. Total loan amount and interest $56,613.70 We will like to inform you that in line with the rules governing this organization, you will be required to make a monthly payment of $943.56 making a total payment of $56,613.70 for (60months). This is the total loan amount and interest. LOAN AGREEMENT/CONDITIONS: The $287 to open the domiciliary account will be added to the loan fund and you alone will have full access to the account, then you can transfer the money to your designated bank account. We open the account for you with the $287. So your loan will be transferred to you via online bank to bank transfer which is more faster and secure. so go now and make the payment of $287 via western union or Money Gram with the information below Receiver Name Ishima Sunday Country Nigeria Any suggestions? Thank you