The Redmi Note 5 will boot Android 7.0 Nougat based MIUI 9 out of the box, which would be a letdown as other budget smartphones are releasing with Android 8.0 Oreo out of the box.
Coming to the major aspect- processor. This leak says that Xiaomi will use two processors to power the Redmi Note 5. The base variant with 3GB of RAM and 32GB of internal storage will be powered by the Snapdragon 630 SoC, while the other variant with 4GB of RAM and 64GB of internal storage will arrive with Snapdragon 636 SoC. Having said that, take this news with a pinch of salt as several earlier rumours for various other Xiaomi smartphones suggested the same, but Xiaomi used only one processor for a smartphone. But it will be either Snapdragon 630 or Snapdragon 636 SoC for sure. Also, Xiaomi is said to use the unannounced Snapdragon 632 SoC to power the Redmi Note 5, but that seems to be a fake rumour.
Xiaomi Redmi Note 5 Pricing and Availability
As per this report, the Redmi Note 5 3GB RAM and 32GB storage variant will arrive with a price tag of 1499 Yuan (approx. Rs 14,900) and 1799 Yuan (approx. Rs 17,900) for the 4GB RAM and 64GB variant. The phone is expected to launch at the end of February.