Of course, there is a risk for offering this form of loan. Credit and background checks are part of the standard operating procedures in any bank that offers loans. This is what normally takes place. The purpose of this is for the bank to check whether the borrower has the acceptable propensity to pay the loan or not. However, if the banks or lenders will no longer conduct this SOP and provide payday loans no credit check applications, then they are like removing their safety net.