Understand that if done for the right reasons, loans can be helpful? Would a loan work out for my situation?

Your spending is sensible.

This is a time where your emergency fund is useful! Use it, replenish it again later :)

That's the point of an emergency fund, right?

Your ability to take a loan now is probably limited, plus unsecured loan is going to be expensive for you.

I'm reading this question as "should I take a loan to invest?"

Personally, I won't recommend it; as it investments itself has a certain risk, you will be doubling the risk by taking a loan for investments. Leveraging should only be done if you know what you are doing, and the risks involved. It will also be good if you have a bale-out plan (i.e. extra funds), just in case your leveraging fails.

Since you are on internship (which wouldn't last forever), I would suggest that you take this time to 1. organise your budget, 2. learn how to cut your budget to the bare minimum, and 3. read up more on investments. You can start after you sort yourself out and start after your internship. 1 & 2 would be really helpful when you start to get a proper salary, as your expense will be kept at $1200, the rest of it all will be for savings & investments (maybe a little extra for parents).