The budget version of the Samsung Galaxy Note 3 has been unveiled - well, at least unofficially. Photos of the Note 3 Lite, aka Note 3 Neo, were leaked online courtesy of SamMobile's unnamed source.

As the pictures reveal, the Note 3 Neo is very much like its larger version in almost all aspects including placement of the home button and its front-facing camera. SamMobile notes that both smartphones sport "faux leather removable backplate and serration pattern on the side of the device."

The Note 3 Neo will also come in two variants, the HSPA+ (SM-N750) and the LTE variant (SM-N7505). It has already been previously reported that Samsung's upcoming phablet will come with "the Note 2's 5.5-inch HD Super AMOLED display at 267 ppi as well as its 8MP rear camera and 1.9MP front-facing camera."

Previously leaked internal product positioning documents by GSM Arena has already confirmed that the Note 3 Neo will come with the new 1.7GHz dual + 1.3GHz quad-core (Hexa) processor. SamMobile's insider has further attested to the device's Hexa-Core CPU in a screen-grab showing all 6-cores active simultaneously but notes that the Hexa processor will only be on the LTE variant.

Specifically, the Note 3 Neo/ Lite is said to come with "Samsung's own Exynos 5260 Hexa-Core SoC with Heterogeneous Multi-Processing (HMP) capabilities," reveals SamMobile's insider.

The phablet device will be comparable to the Note 3 in terms of its smart features, which include air view, air gesture, air command, smart pause/scroll, adapt display and sound.

The Note 3 Neo doesn't stop at that when it comes to duplicating its larger version's features, as the upcoming device will also have the same S-Pen features with its larger counterpart including "Air Command Action Memo, Scrapbook, Screen Write, S Finder, Pen Window, S Note, Multi Window, new Easy Clip, and Direct Pen Input."

Only Samsung can lay all rumors to rest come the device's rumored release date which is by February 2014 at the Mobile World Congress in Spain. 

See the Note 3 Neo's photos below, courtesy of SamMobile.