A loan scam on Facebook

On Facebook there was a post from "Eric Fernandez" offering loans. It was one of many going around currently. This one said:

"Hello
You need ready to cope with financial difficulties to finally break the deadlock caused by the banks, by the rejection of your records to apply for funds? We are able to make loans to the quantity you need and with conditions that will make your life easier. Here are the areas in which we can help you:
* Ready household
* Home loan
* Investment loan
* Auto loan
* Debt consolidation
* Redemption credit
* Personal loan
You have banished from the Bank and you do not encourage the banks or better you have a project and need financing.
Contact us by email for more d'informations:ericfern@hotmail.fr
NB: 3% interest"

So I responded asking to borrow €15,000, about P100,000. The scammer's comments are in blue.

I need to borrow P100,000 which is around €15,000 to help start my business. Will this be possible? I'm in Botswana. Thanks

Good evening

I good receipt of your email and can assure you that with me you will have a total satisfaction to your query. I am an individual, reliable financial experts, I offer loan to people of trust and honest with who I can work with certainty.
So regarding your loan application, I bring to your attention that the transfer of the funds will be properly effective. So here are the loan conditions concerning the transfer of €15000.

Loan terms: €15000.

For a loan of €15000, 3% interest which makes €703.85 interest and the total amount of your refund is €15703.85 with a monthly payment of €436.22 / month over a period of 36 (3 years period).

Mode of payments:
Amount requested... €15000
Interest... €703.85
Total.......................€15703.85 (amount requested + interest)
Monthly payment... €436.22 / month
Durée...................... 36 (3 years).

Documents to provide:

-A copy of your last electric bill
-A copy of your deed of property (if you are owner of your home)
-A copy of a document (identity card, passport or permit to drive)

Fill out the personal information:

Nom .............................. .....................
Prénom ..............................
Age .............................. .....................
Sexe ......................... ..........
Téléphone .............................. .....................
Profession......
Pays.............................. .....................
Ville .............................. .....................
Code postal ........................ ...............
Adresse .............................. .....................
MONTHLY REVENUT...

Complete the banking information:
Code Swift.............................. .....................
Code IBAN.............................. .....................
Number of account......
Nom de la Banque.............................. .....................
Holder of the account......
The period of repayment......
The amount of the loan requested:...

NB: The information requested is for your application
Good to you
Eric FERNANDEZ

Must I pay you anything to set up the loan?

just an insurance that you pay in the event of non-royalty

How much is that? Do I pay that before I get the loan?

€68

And I pay this in advance?

After signing the agreement contract you pay her for the insurance costs of the transfer of funds to your account and in case of illness or non payment of sub insurance supports

So it's an advance fee?

yes

Do we need to know anything else?