Ref. No 939
In the name of Allah the most Gracious the most Merciful
The answer to your question is as follows:
Dealing with riba/interest (without a severe need or a valid reason that is acceptable in Islam) is a major sin in Islam and the Quran says it is Haram. A person should abstain from it throughout his life.
And Allah knows best
Darul Uloom Waqf Deoband