If the interviewers are worth their salt then they'll figure out quite quickly just what level you're at (which obviously means it serves you to be up front and honest besides the fact that its the right thing to do).

So things can go two ways after they realist your true skillset:

1. They see your potential and offer you the job.

2. They turn you down but you get some solid interview experience.

Either way you have nothing to lose. I've mentored many different graduates and always tell them to take as many interviews as they can - even jobs they're not 100% interested in - because all that experience counts.

If you wanna chat more about this then feel free to shout me over at @modernprogrammr