No, this is not true.

His RIBA is a major sin and these good deeds are something separate
and different.

The khawarij were described to us by our Prophet to be in great
lengths of prayers and reciting the Quran. However, we are told that
they are the hounds of hell-fire.

My uncle prays 5 times a day, all in the masjed, he fasts, he wakes up everyday for qiyam and recites Qur’an daily after fajar but he takes riba. My question is,Is it possible for him to be amongst those who Allah loves despite of dealing in riba? How else is he able to wake up for Tahajud and that also daily; I heard only Allah’s chosen ones get the opportunity.

Riba | July 19, 2016 2:18 am
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A car costs $150 per week on 0% interest for 4 years. However, if the buyer falls back on paying within the 4 years, he will be charged interest. Can a Muslim sign a contract to buy the car? Or is it ribaa – as the contract will state that if he falls back on his payments and extends paying to more than 4 years, he will pay interest on the installments paid after the 4 years?
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I get paid interest on my savings account, what can I do with the money?? I was thinking of buying household items for my mother or toys for my baby , will that be haram as well???